19 Nov - 02 Dec 18 - Bitcoin Snapshot

in #bitcoin6 years ago

4H Chart - Price Key Points:

. 19/11/18 : Violent rejection at approx $5553.
. 20/11/18 : Downward continuation at approx $4732.
. 25/11/18 : Selling pressure increased at approx $4287.
. 27/11/18 : Temp bottom set at approx $3726.
. 28/11 - 02/12 : Average support at approx $3966.
. 28/11 - 02/12 : Average resistance at approx $4248.
. 02/12/18 : Indicators positive with stochastic RSI being slightly overbought.

19- 02 Dec 18 - BitStamp - BTCUSD.jpg

Possible Scenarios:

Long: On a confirmed break above $4274 – Price Target $4745 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $3979 - $4274

Short: On a confirmed break below $3979 – Price Target $3468 | Probability: 40% | Signal Strength: 5/5

Our Stance: Speculative short

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Hi @teslaman

I haven't heard from you in a while so I figured out that I will check your profile. Just to discover that you didn't post anything in a long time :(

Hopefully you did not give up on Steemit?

Yours,
Piotr

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