Bitcoin BTC March 13 Afternoon Update - More Bearish Signs Show.
We see a bearish flag formation in play, where support regions are $7620 to $8,200. A Break above $9,800 would invalidate my bearish count.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Next few days) - Bearish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
We see the 55 EMA act as a hard resistance. When resisting for a long period of time, there is a strong possibility of breaking down.
My target still stands.