Bitcoin BTC March 22 Morning Update - Bears Have Regained Control (Short Term)
General Tone:
BTC breaks the channel support. A Break below $8,900 confirmed a downtrend to a support region.
BTC Finds support @ $8450. This could possibly be subwave 4 of Wave 3 completion ( See Below ).
If so, we can test $9,050-$9,200 range again.
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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Yesterday, I was thinking we are out of the Bear market but everything changed today. Bitcoin is just so unpredictable.
Bitconnect was skipped (a joke :) ) , Thanks!
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STOPBTC/USD should move up according to your chart.
Thanks, Philakone!
Can we consider this scenario?
Hi Philo, he argued this case because this structure isn't 3-3-3-3-3, you can see 5 waves from B to C so therefore he invalidated this count~
Thanks!
I aim to give Phil an upvote on his every post. Yes, I am a hero.
Thanks again
very long and useful video !
So is this![]
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