INTRADAY 11/03/19 Forecast BTCUSDt Binance

3 Nov 2019

Dear friends,

Continuing intraday forecasts.

Bitcoin continues to move in a narrow trading channel 9000 - 9400 USD
At the moment, the distribution of TF is as follows:
If we expand the direction of the Thomas DeMark trend by TF, then at the moment we get:
Week is bearish
Day is bullish
4 hours - bullish



In general, two scenarios are competing in the market now.
1. The market is moving within the trading channel of the last day with possible impulses in the direction of support - 9000 USD - grey arrows.
2. The market moves within the framework of a local bull trend with a likely impulse up - the upper bar - 10,200 - 10,300 USD.

Since the week remains bearish, the seller dominates the market but experiences strong resistance at current values, therefore, given the dominant. Still, the weak bullish trend on the younger TFs, the probability of a bullish impulse is quite high.

Therefore, for me, the second scenario remains a priority; however, it is very fragile and will quickly decrease in probability if a local trend breaks down. In this case, the likely completion will be according to the first scenario.

Good luck to everyone and good profits!
Regards,
Michael @Hyipov

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Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.