Bitcoin BTC - Live Stream March 20 Morning Update - Range Bound. But Correction Possible Today

[philakonesteemit]

General Tone:
We see $8,550-$8,700 and up regions as massive support that have failed multiple times now.
We trend with lower highs each time, with bearishly diverging RSI.
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

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Comments

[vladontheblock]

Hmm, seems that although we smashed through the short term previous top, we got stuck in the early 8800s.
https://www.tradingview.com/x/qNZArVH6/

I took as main resistance, the relevant previous swing low, which also nicely converged with my drawn channel (relevant for 30m-1h TF) :)
https://www.tradingview.com/x/ADD5HeMW/

Now, the candle DID close above the channel, but I think we get enough confluence to expect a bounce back within the channel. Anw, not posting to contradict you, just sharing a bit of my recent analysis :D

Love your streams, keep'em coming! <3

P.S. Yep, Binance USDT, I know. Just started out swing&day trading, will move to a margin exchange soon after more knowledge is gained.

[cheetah]

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[road2wisdom]

@philakonesteemit your videos are very educational yet funny! Keep up the great work. Meow haha

[atmozfear]

We do love the rants ;)

[overkill22]

Thanks for the charts and the awesome video tutorials!

[cryptoteen]

Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019

John McAfee is eating his d*ck...

[aegist]

Nice. Thanks Phil!