Bitcoin BTC - Technical Analysis April 14 - $6,500 WAS THE FLOOR.
General Tone:
I firmly believe $6,500 was the floor. I see two cases. See chart below.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Check out my BTC evening update that addresses the Pantera news and $6,500 as the floor.
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BTC: 357j3P2CuybfWh13V4uig9TJDJdqiR8CMx
NEO: AYBJHjrQFQij7kCmwun97PVEiRkRgFamMn
EOS: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
Ethereum: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
LTC: LL7misJsxX8kDzjnbvxupetVykCP58B1ZD
Bitcoin Cash: 199rQASMB5zVe9nEWwG34n1jEL24bYxCFz
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 120086840
Thanks very much for the information
THANK YOU
Hi @philakone - good to have you back.
One question to you analysis. You are taking the high volume as confirmation for the market to pick up. What I was wondering - have you looked at the structure of the volume? Everybody is talking about a short squeeze "only" and that is confirmed in my opinion by the volume as the most part of it was on bitmex. What is your opinion on it?
I agree, bulls are coming, but 35k @ 2019 is conservative in my opinion. I expect an armsrace between billionaires, govs and central banks to cause the biggest run ever.
I hope it was the bottom too at 6.5K.
I like your TA. Good job PhiL
hey phil the last 5mins your mic cut but i could gather from the charts what the ta was. Thanks again!
Great stuff Phil. I am loving the TA and have learned so much. Thank you and keep it coming mate.
Rocking analise :) love your work... The best you are Mama whale <3
With all this stories of wars and the actual financial systems that are in a bubble at the moment, we are definitely going to see some major price action once the whole financial system crashed/pops again. lots of money is going to flow into crypto at once then!
Always glad I can give you an upvote here