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S&P 500
5,187.70
(
0.13%
)
US TECH 100
17,609.20
(
-0.02%
)
Dow Jones
38,884.26
(
0.08%
)
Brent Oil
81.88
(
-1.19%
)
Bitcoin
62,194.67
(
-0.22%
)
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Trendliner

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Trendliner

Re: None

Thursday, 11/29/2018 5:45:03 PM

Thursday, November 29, 2018 5:45:03 PM

Post# of 4024
HOW LOW CAN BITCOIN GO


The next reasonable target is 3,000. I think that will be the bottom. Momentum patterns suggest that the recent low at 3710 will not hold becasue it was confirmed by PPO (see below)

3000 +/- 200 looks reasonable ( 2800 - 3200) I would refrain from any buying until there is a clear non-confirmation (bullish divergence) between momentum and price. For momentum I am using the PPO ( percentage price oscillator which is similar to MACD except that the differential between the two exponential averages is a percentage rather than a simple point difference. The last low at 3710 was confirmed by PPO ( using 3, 10 and 16 as the parameters of PPO.

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