General Tone:
We face resistance between $9,000-$9,100 range. A Break above $9,100 can signal a rally to our next target at $9,350
A Break below $8,900, which is the channel support,
and we can find support between $8,600-$8750 regions.
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
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Give me another short call!!!!
what if this is why it's hard to count.
That's why it is always good to keep in mind the alternative counts and scenarios. As I see it, we are using the broader bullish scenario as the main one just because it hasn't been invalidated yet (i.e. confirmed failed impulse wave up) and we are optimists :)
Ofc the bearish view is still intact (chart-wise) and the counts could be valid until proven otherwise. And anyway, as far as day-trading goes, it doesn't really matter IMO if the 1-2-3-4-5 subwaves are part of an impulsive bigger wave or a corrective bigger wave.
Bitcoin moving up.Good news.thank you by mentioning @philakonesteemit
Hope it makes a break to that to instill more confidence in the market.
BTC continuing on slight bullish channel where it will move up and down. I project it will follow the weekly pattern where by Friday or Saturday it will dip a lot then on mondays BTC will go back up.
WoW