General Tone:
A possible bullish scenario to $8,400-$8,600 is on the table
IF AND ONLY IF we break above $8,400.
Though my bear scenario is full-on play.
A Break below $7,930, will signal bears to step in
with target support range near $7,250.
$7,250 is significant for 3 reasons
- Trend line support extending from far past
- 0.786 fib retracement of Waves 1-5
- 0.786 fib extension of subwaves 1-2
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
I mentioned in previous tweets, in youtube, and on steemit that this scenario needed to break $8,400 to be bullish.
We were also inside a small channel, within the large channel.
Though during my live stream, we saw the bullish possible outcome completely vanish, and saw a massive dump of $400 in the span of 30 minutes.
My target stands firm @ $7,250
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