Bitcoin BTC - Live Stream March 15 Technical Analysis - A Channel Inside A Channel. Broke Fast.Targets?

in #bitcoin7 years ago (edited)


General Tone:
A possible bullish scenario to $8,400-$8,600 is on the table
IF AND ONLY IF we break above $8,400.
Though my bear scenario is full-on play.
A Break below $7,930, will signal bears to step in
with target support range near $7,250.
$7,250 is significant for 3 reasons
  1. Trend line support extending from far past
  2. 0.786 fib retracement of Waves 1-5
  3. 0.786 fib extension of subwaves 1-2
    Long Term Bias (6+ months) - Bullish
    Medium Term Bias (Next Week) - Neutral
    Short Term Bias (Today) - Bearish
    Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019

I mentioned in previous tweets, in youtube, and on steemit that this scenario needed to break $8,400 to be bullish.

We were also inside a small channel, within the large channel.



Though during my live stream, we saw the bullish possible outcome completely vanish, and saw a massive dump of $400 in the span of 30 minutes.

My target stands firm @ $7,250

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