Bitcoin price overview (waves) 29.10.2019Hello friends!
Congratulations to our clients and partners with the next profit for the last 2 weeks. Quantum Hedge Fund Asset Management Teams have been able to increase the fund's capital by 8.16% over the past 2 weeks in October.
Analytics.
Rapid growth in the wave C (minute) of B (minor) took place.
We did not expect such a speed, but at the beginning of the movement we managed to gain long positions.
Based on the general situation and volume analysis, as well as waves structure, the price may linger for another 1-2 weeks above the level of 9000. Short-term purchases are relevant only if there is additional evidence in the form of graphic models, weakening testing of the lower bounds of the range.
Locally, we advise you to look for a model to continue the trend and buy in order to close positions above 10500 (the level of the beginning of short sales consideration).
In general, we believe that the medium-term correction is not over yet, and the cost of bitcoin is likely to return to the level of 8000 (possibly lower).
Good luck!
