BCDBTC Volume Analysis Prediction 10/29/2018
Mid-term picture: the price is still in the wide balance range 0252-0361.
As long as the price stays inside the balance, we trade from its borders.
From level 0351 we saw a bear initiative. It was fixing of previous long positions.
We expected that priority level 0280 would be able to keep the price from further reducing.
But this level was breakdown. The price reached 0268 – it’s of the last balance.
But there wasn’t reaction on . Only 0259 showed a rebound with an increased .
But despite this the price couldn’t breakout last resistance – 0275.
So the momentum remains .
Priority level – 0252. If the price will break down this level – with a high probability we
will see a huge price fall.
Take Profit1: 0286
Take Profit2: 0296
Take Profit1: 0269
Take Profit2: 0275
Take Profit3: 0323
Final Outlook: Balance, bear initiative
Final Signal: Carefully Buy from support levels 0259 and 0252