Bitcoin BTC Afternoon Update Part I - $8,714 Resistance Broken Wohooo!!
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![](https://steemitimages.com/0x0/https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
General Tone:
We break $8,714 Woohoo! Finding resistance at $8850 range. One more small subwave to $8,900-$9K range is possible before correction.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Here is the chart I posted earlier
![](https://steemitimages.com/DQmTCpn882nYSFdpUyorHwNZC6qABmwK7GqrCFtBSZGernE/image.png)
We find resistance between 8850 and 9K
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As usual simple nice charting. Your are neutral for the short term so, the price can go either way now, yes?
Looks like since hit a resistance, would it make more sense to assume that the price would retrace down again to perhaps to the prior support or close to it?
Always posting great content and videos! Sheryl
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P.S. Don't beat up your dog!! haha joking
I like your humor. I like cats and dogs.
:0)*
Phil, can you elaborate what went wrong!? We saw low volume, bearish divergence and we expected a correction. Why did this happen?
Hi Philakone!
Great content. Learned a lot from a hard working and gifted trader.
Would you consider posting about swing trading?
I looking at a BTC sell around the 9040 big .38 retrace. Lots of confluence there. Profit tgt is ~8350. We'll see if it gets up around the 38.
Best wishes,
Peter Zetlin
Ann Arbor, MI
Investment decision is totally personal. you shouldn't be sorry for any loss made by individuals. I am just thankful to have your TA!
Well said. Do your own TA folks, that's why he is teaching you... For FREE! Fuc<!
Big Pimpin! Love you
Don't ever apologise for being wrong. I feel like we are on a hell of a ride, and I for one am loving it, up or down.
Hehe, I messed up with shorting literally just before you uploaded this post. This video seemed so tailored for me and my fuckup.
Thanks for the pep talk, coach!