BTC Prediction : Long

2019年11月1日

If we zoom it into 4H chart, the expansion phase is over. The next move should be a take profit action from big players. In market theories, the first movement of expansion is usually being used to predict the next move. In the chart, the first movement of expansion is down which might cause some FUD to the market. There are somethings that we could refer to which are MA200 and Support(8700). However, I do not see any case like this in Bitcoin market so we should remain neutral first.

Long Target: 9800-10500



This was my analysis with predictions at the beginning of October, it helped me and my group with the 8 winning streak of swing trades. Enjoy and All the Best