BITCOIN - 6 Dec 2018

onepercentbetter (75)in #bitcoin • 8 years ago

Similar candle pattern keep repeating if you notice. Big red following by dojis then Big green then looking to go higher and sell off lower.

Possible descending triangle baseline around 3680 zone, candles still consolidating within and nearing apex point soon. Probably 3 to 4 more days to go. Could the whale buy delay effect take place like mentioned around 6/7 dec or it's already absorb. Or something out there hunting for the whale.

Likelihood still point towards downside base on NVT which should be under 100 now and there could be 1 more final selloff like 2014-2015 follow by some consolidation.

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 : 124
Total marketcap : 121
Dominance : 54.8
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.

PS :
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