Weekly prediction of bit chart by Jeffrey (10/8~10/14)

Last week, bit had a very low fluctuation due to the support and resistance in the moving average lines near the candle and also the end of convergence on the pattern as expected. It was expected, but it is still very tedious to watch the fluctuation. So, I am now predicting when this trend will end.

This is the 12-hour bit chart. First of all, the last point indicates October 19th. Then, the point of centraflexureis 9am on October 14th.

If it is possible to pass through the resistance line on the top with the pole, there might be fluctuations. However, there is a high possibility of actual fluctuations either in this weekend or early next week.

This is the weekly bit candle chart. The point of centraflexure indicates October 20th. In addition, there is a white moving average on the area. If there is a support from the price above 6820 dollar, I am expecting the market to more actively exchanged.

This is the bit daily candle chart.

Bollinger band is a feature representing fluctuation with two things of concentrated force and explosion. Now, it is in the stage of concentration of power, and I am expecting the fluctuations in the future.

In addition, the amount of transactions is reduced due to the convergence, and I am expecting that there would be more fluctuations soon.

This is four-hour bit chart. The small fluctuation from four hour candle will be shown at 9am on October 11st.

In addition, resistance of major items is between 6800 and 6820 dollar, and the support on the object is between 6470 and 6270 dollar. Therefore, related trading strategy is effective.

In summary, I am expecting small fluctuations in the middle of this week, and actual fluctuations in the next week.

As mentioned, 6820 dollar, 6420 dollar, and 6270 dollar are the major prices for the trade.

To add some more information, it seems to be advantageous not to adhere to one chart in the market with small fluctuations but to prepare for the increase in trend and come up with overall strategy. 

 

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