Bitcoin BTC March 13 Afternoon Update - More Bearish Signs Show.

in #bitcoin7 years ago


General Tone:
We see a bearish flag formation in play, where support regions are $7620 to $8,200. A Break above $9,800 would invalidate my bearish count.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Next few days) - Bearish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019

We see the 55 EMA act as a hard resistance. When resisting for a long period of time, there is a strong possibility of breaking down.

My target still stands.

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Thanks Phil looking forward to what ever you have to say :)

Hi Phil, Im new to the space, but feel I have learned so much from your videos, If you find yourself in SE Asia, your welcome at our place in the Philippines, come visit us and swim with the turtles in crystal blue waters! , Thank you again for your insight and teachings...!

Yes Man - he ' s back on steemit!!! Applause!!!