General Tone:
On the bearish side, we break below $7,260, we will most likely test $6400-$6500 range.
On the bullish side, we break above $7,620 to $7,650 range, we can average a target between 0.618 and 0.382 fib, near 0.5 fib at $8,000.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000(ATH)
General Tone:
On the bearish side, we break below $7,260, we will most likely test $6400-$6500 range.
On the bullish side, we break above $7,620 to $7,650 range, we can average a target between 0.618 and 0.382 fib, near 0.5 fib at $8,000.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000(ATH)
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