Bitcoin BTC May 6th Live Stream Afternoon Update - The Bearish Engulfing Candle Reveals Itself

in #bitcoin3 years ago (edited)



General Tone:
The Bearish Engulfing Candle Reveals Itself. Many more Bearish Signs Than Bullish.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - Breaking well above $35,000+








General Tone:
On the bearish side, we see a test possibly happening soon at the $8,650 to $8,750 range. If this holds, we remain bullish above the 50/200 moving average on the daily, which has potential for a golden crossover. On the bullish side, a break above $9,900 can signal a rally to $11,500, $11,750 range.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - Breaking well above $3.30 (ATH)

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Hey Phil, I think you may have messed up on this post. No bearish scenario pictures and there are two general tone sections. Also it says breaking above 3.30 ath? Different coin maybe?

Great content as always, but I think I found a typo:
"Long Term Target Prediction by 2019 - Breaking well above $3.30 (ATH)"

Looks like the bearish view is much more possible to happen than the bullish view?

Hey Phil what made you change your view of that 5th wave being an expanding flat correction? Do you still think what we're seeing could be part of an A/B/C where the B wave extended above the 5th?