General Tone:
On the bullish find, we'll find confluent support at the 0.786 fib region on a small degree, the 0.65 fib region on a very large degree, and the major trend line support established since November, which is between the $7,000-$7,300 range.
On the bearish side, we'll break through $7,000 and test $6,500. Where is $6,500 doesn't fail, we may see $5,000 ranges.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000(ATH)
General Tone:
On the bullish find, we'll find confluent support at the 0.786 fib region on a small degree, the 0.65 fib region on a very large degree, and the major trend line support established since November, which is between the $7,000-$7,300 range.
On the bearish side, we'll break through $7,000 and test $6,500. Where is $6,500 doesn't fail, we may see $5,000 ranges.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000(ATH)
Bullish View
Bearish View
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