…Opening Comments

Please realize that I can be totally wrong in my estimation of where the market resides within its short and long-term structures. I’d like to think that my approach, adaptive as I believe it to be - (relative to the ongoing real-time price action,) - would make timely accommodations in framing such with relative real-time accuracy, accounting for all potential paths as the price-action unfolds.

However, all contingencies of such sort aside, I can still be wrong no matter how hard I may try to be right! Maybe I'm just crazy - but I may be right!

In addition to reviewing what occurred this past week, today’s long-term overview will also cover some ground relative to:

The Importance Of:

• Maintaining proper Trendlines and Trend channels

• Identifying basic chart patterns, and knowing what they may infer

• Allowing the price-action to determine structure vs. one's bias

• Recognizing the dominance of higher timeframes over market structure

• Timeframes (four charts that cover the full spectrum)

  • Monthly Charts for the largest “secular view” of market structure

  • Weekly Charts for longer-term investment dynamics vs. hodl

  • Daily Charts to frame the “short-term” price action

  • Hourly Charts to get early clues of market intent

…Key Statement:

Given that the 7463 downside price target was recently captured (thank you very much), in concert with the rather robust snap-back rally that followed shortly thereafter, I am far “less bearish” than I was just a week ago!

Having said that, however, I continue to remain (short-term) bearish on balance - for a host of reasons. We are still not out of the woods with regard to the prospect of making another marginal series of new lower lows beneath that of the 7325.37 level! The 7250 level is one such target that continues to prevail, so long as 11,780 is able to hold as a standing pivot high of key import.

Short-Term	Bias	Target	Sup1	Sup2	Res1	Res2
@passion-ground	Less Bearish	7,250	7,842	7,325	8,366	8,585

Long -Term	Bias	Low 2018	Target 2018
@passion-ground	Moderately Bullish	5,920	12,235 min / 37,419 max

…A Visual Review of Elliott’s NINE DEGREE’S of TREND

Right Click and open in new tab to view full size image.

…Weekend Update & Review

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…Video Update

Select HD and “Full-Screen” for the utmost clarity in viewing this video update.

I trust that the preceding analysis was generally objective, explicitly actionable and informative, and of relative and meaningful value for all those who perceive such analysis as a backstop to their individual ends.

Until next time,

Peace, Love, and Justice for All

DISCLAIMER: This post and all of the analysis contained herein serves general information purposes only. I am not a registered financial adviser. The material in this post does not constitute any trading or investment advice whatsoever. The trend-following strategies explained herein are for example only, and should not be construed as trading or investment advice in any way. The same thing goes for anyone subscribing to the Long-Term Trend Monitor. The subscription simply shares with subscribers what several automated trend-following systems are doing, and that’s all. The bullish and bearish alerts provided therein are for information purposes only, and they are not to be construed as advice to buy or sell. At the time of this writing, the author does not hold any positions in BITCOIN or any other crypto-currency. Please conduct your own due diligence, and seek counsel from an accredited financial advisor before making any trading or investment decisions. Should you decide to mirror or copy any investment or trading examples from this or any other related source, the decision to do so is entirely your own - as are the inherent risks involved in doing so. I am not responsible for any of your losses. By reading this post, you acknowledge and accept to never hold me accountable for any financial losses. Thank you.