General Tone: Correction is in process
Clearly identified support zones below.
$9,800 is holding (for now). Though I expect it to fall to $9,500 ranges soon.
Which is also 0.382 fib level
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
A play to consider, a bounce off the channel and 0.382 fib level support.
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Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
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Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Shorting, Leveraging
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Lesson 8 - Fibonacci Retracement Part 1
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Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
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Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
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Lesson 19 - Elliot Wave Theory, Fibonnaci Retracement & Extension (Combined with Feb 11 BTC TA)
Lesson 20 - Advanced Elliot Wave WXY With Feb 11 Technical Analysis
Lesson 21 - Using Elliot Wave, Fibonacci, And Extensions To Obtain Targets (Combined witFeb 11 BTC TA)
Lesson 22 - Risk Management, Channels, Fib Retracement, Fib Extension. Summarizing Feb 11 BTC
Lesson 23 - Fibonacci extension, Fibonacci Retracement, Elliot Wave, Shorting, Playing Downtrend - Summarizing Feb 21 BTC + ETH
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