Bitcoin BTC Feb 22 - Technical Analysis - Afternoon Update - Support Zones

in #bitcoin6 years ago


General Tone: Correction is in process
Clearly identified support zones below.
$9,800 is holding (for now). Though I expect it to fall to $9,500 ranges soon.
Which is also 0.382 fib level
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

A play to consider, a bounce off the channel and 0.382 fib level support.

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