Bitcoin BTC May 6 Morning Update Technical Analysis - The $10 Battering Ram Failed
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+
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 - $35,000+
Thanks very much for a great tutorial
Thankyou Phil. Once again providing the community with the highest quality of content. <3
I appreciate your kind words. Thank you.
UPVOTED
Very helpful indeed!!
Love supporting ur work alwaz
Damn!.. You are good.
Thanks for teaching us all of this, I read EW book Frost, Prechter for the 2nd time now and also learn from Bloomberg EW visual guide plus your videos, hope I will became Eliotian :). We love you whale mama.
Phil deserves more upvotes!
Its scandalous that https://steemit.com/@famunger gets 150$ 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!