[Bitcoin, November 19, 2018] Price prediction targets from 3 months ago are being hit

Bitcoin Technical Analysis update

3 months ago, in this post, https://steemit.com/bitcoin/@puppycoins/bitcoin-june-12-2018-a-detailed-picture-of-the-full-and-potentially-final-count-of-this-bear-market, and the post that follows it from August 15, I called for a price decline towards the $4850 and $5200 region. We've reached those targets. Currently, we're bouncing off of a local Algo target as shown below.

3 months ago:

Today:

There is one more big algo target at roughly $4777-$4850, which can definitely be reached, however I'm anticipating a bear market bottom here. Technicals are showing signs for oversold conditions, as well as bullish divergence on RSI and MACD.

It's good to see that volume, albeit sell volume, has been heavily increasing.

We also landed right on top of the August 2017 high, which I suspect is a pretty strong and solid demand point.

Good luck trading.