BITCOIN - 29 Nov 2018

in #bitcoin6 years ago

Screen Shot 2018-11-29 at 7.24.52 pm.png
Double bottom pattern completed and with a little handle, likely to breakup testing estimated breakout target of 4900 zone. Might come down again after that to form a bigger double bottom pattern on daily.
Screen Shot 2018-11-29 at 7.35.43 pm.png
Possible bigger double bottom W pattern on daily chart, neckline 4400 or 4900 zone. Might be horizontal range bound thereafter until the next deadline of CBOE ETF in end dec. Previous NVT sharp decline in 2014-2015, price did wider range consolidation before heading down further.
News: (Current) | (Upcoming) CBOE BITCOIN ETF, 29 Dec 2018 (may be extended again to 27 Feb)

Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 146 (delayed, looks like it ard 120)
Total marketcap : 142
Dominance : 53.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.

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