Bitcoin BTC May 27 Afternoon Update Technical Analysis - Supports, Resistances, Setups.
General Tone:
The bearish view: A break below $7,200 range, we'll certainly test $7K, where if that doesn't hold, $6,450 is the next range of support
The bullish view: A break above $7,650 range and we can test the $8K range first.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000(ATH)
General Tone:
The bearish view: A break below $7,200 range, we'll certainly test $7K, where if that doesn't hold, $6,450 is the next range of support
The bullish view: A break above $7,650 range and we can test the $8K range first.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral
Long Term Target Prediction by 2019 - $35,000(ATH)
My new trading course is now live. I have no doubt that if you put in hard work every day, continuously improve your skills, and thrive to become a better trader, that you'll excel to the level that you want to be. I look forward to having many students and see you there. Please visit here for more information:
Great post. I have been thinking we would bounce off 6.9-7.0k for awhile now.
I'm becoming more and more convinced that we are going to bounce of that lower trend line. I give several good indications for this in this post.
Good thought
👍🏿👍🏿👍🏿
Hi Philankone, thanks for all you do for the community. I've started a blog where I review other TA Analysts. Hope you find it meaningful. Cheers
https://steemit.com/bitcoin/@btc-hunter/btc-ta-bitcoin-technical-analysis-analysts-opinions-may-29th