Bitcoin BTC May 6 Morning Update Technical Analysis - The $10 Battering Ram Failed

in #bitcoin3 years ago (edited)



General Tone:
The battering ram fails at $10K range, BTC drops in 8 hours to the levels that took 2 days and 9 hours to achieve. We see the 1 HR charge trend well below the 55 EMA for the first time in 4 days. More signs point to bearish pressure than an uptrend.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000+




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Thanks very much for a great tutorial

Thankyou Phil. Once again providing the community with the highest quality of content. <3

Very helpful indeed!!
Love supporting ur work alwaz

Thanks for teaching us all of this, I read EW book Frost, Prechter for the 2nd time now and also learn from Bloomberg EW visual guide plus your videos, hope I will became Eliotian :). We love you whale mama.

Phil deserves more upvotes!
Its scandalous that https://steemit.com/@famunger gets 150$ per post by just summarizing other people's work and Phil (as one of the analysts) only gets less than 10% of that.

Just not fair. Phil, keep up the good work!

I appreciate that lol.

Trying to support you Phil. I know you have helped many

You are awesome! Enjoy your sunday!

Awesome buddy! Great vid! Get some sleep!

Thank you! I will be the first on your course ;)

is it best to pay with BitConnect
for the lessons
the wozzaman

Good TA... THX

Phil are you also Haejin? Dont worry i wont tell anyone if you are.

If I was haejin, I'd have $350K more money lol.