Bitcoin BTC - March 19 Afternoon Update Technical Analysis - $8.5K to $8.6K Heavy Resistance.steemCreated with Sketch.

in #bitcoin • 6 years ago (edited)


General Tone:
We see massive resistance at the $8,500 to $8,600 range
We see support above $8,250.
Fairly neutral territory.
A Break well above $8,600 will invalidate a bearish count.
A Break below $8,250 will validate a bearish count.
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

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6 years ago in #bitcoin by
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     6 years ago 

    Thanks very much for the update

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     6 years ago 

    Video unavailable, it says.....may want to reload it.
    Good to see BTC moved up since Friday til now as I projected since BTC tend to go in cycle which on Friday is lower price or Bearish then slowly climb up to Monday when Asians buy more to bring up even further, have you noticed that?

    [-]
     6 years ago 

    Thank you

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       6 years ago (edited)

      Sensei, please correct, just in case:

      You wrote:
      A Break well above $8,600 will invalidate a bearish count.
      A Break below $8,250 will validate a bearish count.

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        [-]
         6 years ago (edited)

        Hey bud you're missing the modifier "invalidate" .. a break above $8600 would INVALIDATE a BEARISH count, meaning it would validate a BULLISH count ;)

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           6 years ago 

          For future viewers: price of bitcoin at the moment of posting is 8470.80USD

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