Bitcoin Short-term analysis for upcoming days

• What is your price target for 01 December 2018 on Bitcoin?
  Please answer in the comment section with exact price what you expect.

Several facts to make a decision:

1. Price located at 5600 support level (5300-5500 Bitmex/Bitstamp).
This zone was short-term reversal zone for October-November in 2017.
2. Now candlesticks show hammer pattern in this support range.
3. RSI located at 1184 daily low (more that 3 years), so its extremely oversold now. So this allows me to think that we can wait for RSI rebound at least for 40 level.

• What is your price target for 01 December 2018 on Bitcoin?
  Please answer in the comment section with exact price what you expect.

تعليق:

market still boring, don't make any emotional decision

تعليق:

Since daily hammer failed by another patters inside 1h TF
Bearish Divergence+Shooting Star+Rising Support breakout

Now:
4h TF showing bullish divergence
Bitfinex chart:

Bitmex chart:

On bitmex price holding in flat range

تعليق:

Market maker wants to take all of your stop loss orders before real move

تعليق:

ALTCOIN Market cap, showing more decline: