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S&P 500
5,214.08
(
0.51%
)
US TECH 100
17,725.20
(
0.48%
)
Dow Jones
39,387.76
(
0.85%
)
Brent Oil
84.22
(
0.32%
)
Bitcoin
62,998.61
(
-0.08%
)
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Trendliner

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Trendliner

Re: None

Thursday, 01/18/2018 9:56:14 AM

Thursday, January 18, 2018 9:56:14 AM

Post# of 4024
PRICE TARGETS BASED ON TECHNICAL ANALYSIS

These are for Bitcoin based on closing prices.

The BC is in the midst of a price correction with further downside potential. I have two price targets.

The most extreme target is based on the Plumber Unit: $4,863
The other is based on retracement analysis giving a target of $7,285

The MA 200 is currently $5,370 which would be another area of support.

The downside velocity has yet to abate so I conclude this down move has further to go.

I am currently out of the market. Hope this is helpful to some.

Trendliner
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