BCDBTC Volume Analysis Prediction 10/29/2018

BCDBTC Volume Analysis Prediction 10/29/2018

Bitcoin Diamond / Bitcoin
BINANCE:BCDBTC



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 POC of the last balance.
But there wasn’t reaction on POC . Only 0259 showed a rebound with an increased volume .
But despite this the price couldn’t breakout last resistance – 0275.
So the momentum remains bearish .
Priority level – 0252. If the price will break down this level – with a high probability we
will see a huge price fall.

Buy: 0259
Take Profit1: 0286
Take Profit2: 0296

Re-Enter: 0252
Take Profit1: 0269
Take Profit2: 0275
Take Profit3: 0323

Final Outlook: Balance, bear initiative
Final Signal: Carefully Buy from support levels 0259 and 0252

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