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.
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market still boring, don't make any emotional decision
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Since daily hammer failed by another patters inside 1h TF Bearish Divergence+Shooting Star+Rising Support breakout