General Tone:
We nailed $8,300 range target as a bounce, and are now still on pace to hit roughly $7250-$7650 range.
I projected a bounce at $7,930 as support 1, which failed to hold. We trend to $7850 as a support and bounce.
Target is roughly $8,041 to $8,102, at the channel resistance.
Is now a good time to enter a long trade? No. Not at all. No support has been established. R:R setups aren't favorable. Must exercise extreme caution and patience.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week in 5-7 days) - Bullish
Short Term Bias (Today and Tomorrow) - Neutral to Bearish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
This was posted yesterday
We see it bouncing heavily off the $7,928 price, missing the mark by $2 (woohoo). What next? The very bearish scenario, is we trend in the channel, while also hitting resistance, confirming a descending triangle, and we break $7,930 range. Keep this $7,930 price a key price. If we break it, expect a free fall to $7,650 range. A break outside of the channel could hit 8350
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Bitcoin BTC - Live Stream March 17 - Target $8,300 Acquired. Then M...
