19 Nov - 02 Dec 18 - Bitcoin Snapshot
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.
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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