General Tone:
A break above $9600-$9750 ranges can signal a bull rally and the bearish count is off the table (for the time being)
Though now, we see many 55 EMA break attempts, but we are rejected on ALL time frames at the 55 EMA. We trend below the 55 EMA for over 24 hours now on high time frames, and even on low time frames, we simply cannot break above it.
We see a bearish flag formation in play, where support regions are $7620 to $8,200. A Break above $9,800 would invalidate my bearish count.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Next few days) - Bearish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Target stands.
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Good job Philakone!
Great to see a very in-depth explanation of things to come! Awesomeness!
Thank you very much
A HUGE thank you as always!!!
You are the man!!