Bitcoin BTC May 6 Morning Update Technical Analysis - The $10 Battering Ram Failed

@philakonesteemit · 2018-05-06 11:13 · bitcoin

![](https://steemitimages.com/DQmVrkKB9WsHitkHqkPomeUeagT9U313P9vDA13PtvWJzta/image.png)

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+

https://youtu.be/l_IpEfIsuDE

DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

#bitcoin #trading #cryptocurrency #business #finance
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