Bitcoin BTC - March 16 Afternoon Update - The Resistance @ $8,600 Is Real

[philakonesteemit]

General Tone:
We see the break above the $8,400 resistance, now struggling to break $8,600.
A Break above $8,900 will invalidate my bearish elliot wave count.
A Break below 8,400 will imply bulls have lost momentum.
The highest I see BTC reaching is a possible $8,600-$8,700 range.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019

We see a cluster of resistance with series of wicks rejecting as bulls attempt a push.

BTC is confused.

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Comments

[spinkraft6]

Thanks :) !

[philakonesteemit]

i love you <3

[safbha]

Big thanks for sharing your thoughts.
Phil, the lessons image is too long, so the comment / voting zone is too low below and you know people are lazy ... An advice either change to a 2 column one or post a single link to the lessons.

[pooknast]

Why do you say in your EMA 55 lesson to use the indicator on 3,4 and 6 hour charts; but you're displaying the EMA55 indicator on 1h candles?

[redrhubarb]

Thanks for the update. Appreciated, as always.

[cryptoteddybear]

Thanks for the update !

[workin2005]

Great TA as always.

[loki415]

Thank you for everything, all your time & updates & energy! Appreciate you brother

[cryptopoping]

The market right now is the ball in the air before an alley oop dunk

[monicalarsen]

I love all your content and follow your youtube videoes daily. Now I finally found my steemit account to give you some love back :) Thank you for all your sharing!

[jboogie420]

Thanks for all that you do for the community