BITCOIN - 7 Dec 2018 by onepercentbetter

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· @onepercentbetter · (edited)
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BITCOIN - 7 Dec 2018
<center>https://mentormarket.io/onepercentbetter/wp-content/uploads/sites/12/2018/12/Screen-Shot-2018-12-07-at-7.20.16-pm.png</center> <br/>&nbsp;

Breakout downside from the possible descending triangle, projected price tgt around 2640 which is about the same zone as mentioned in the posts some time back on last average % loss in 2013-2015 bear market.  If it repeat the average %, we could possibly test 1500 too. There should be some support level around low 3000 as mentioned previously as it's nearing the 200 week MA.

Most likely gonna be more slow bleed and denial like the past days. Projected breakout price tgt of possible triangle might be incomplete like the previous round maybe just 1/3 or 1/2 of the range which is about low 3000~3100 then it will appear and bounce back going back to baseline around 3650, breaking slightly above then consolidate slow bleed and panic sell like the previous round. Slow bleeding are the worst !

<img class="alignnone wp-image-2506 size-large" src="https://mentormarket.io/onepercentbetter/wp-content/uploads/sites/12/2018/12/Screen-Shot-2018-12-07-at-7.21.57-pm-1024x646.png" alt="" width="900" height="568" /><br/>

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 (delayed)
Total marketcap :107
Dominance : 55.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :  

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