Weekly prediction of bit chart by Jeffrey (10/1~10/7)

Last week, bit was a bit lowered at around 6600 to 6700 dollar.

In this week, bit is believed to be with stagnant or a bit dominating trend instead of a huge drop.

This is the weekly chart of bit. Most of the supplementary indices are in stagnant conditions. In addition, there has not been much of fluctuation in candles in single unit overturning the decreasing trend and slowly increasing to the uphill.

However, there is no way for us to know whether this week is in increasing trend, and it might take 15 days to a month to take this trend overturned.

This is the daily chart of bit.

Above all, converting line and reference line are slightly golden-crossed in the balance table. In addition, back-ward spans are making their ways to pass the candles.

Come to think of them, it is interpreted to have a profitable trend if supporting 6500 dollar and maintaining the current conditions for just a few days.

However, according to the perspective of fluctuation, it seems to be better for maintaining conditions after upward trend instead of aiming for huge increase at a time.

This is four-hour chart of bit. According to purple long-term moving average line, short-term moving average lines move up and down converging to a certain point.

Fluctuations do not look bad, and it seems that there is a possibility of creating double floors.

If positively interpreting the converged and concentrated moving average lines, they are regarded to be a course of creating right arrangement, and fluctuations are expected to be less for a certain amount of period, but it is still possible to buy on sales.

This is an hour chart of bit.

First of all, it seems that panic cells are consistently increasing the base.

In addition, if it supports 6800 dollar on top, the next goal might be open to 7400 to 7500 dollar.

 

Lastly, market is expected to experience small fluctuations on the chart.

However, since there is a possibility of circulatory rally for alt coin, the entire flow is believed to be a trading area.

 

 

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