Bitcoin BTC May 6th Live Stream Afternoon Update - The Bearish Engulfing Candle Reveals Itself

@philakonesteemit · 2018-05-06 19:31 · bitcoin

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

General Tone: The Bearish Engulfing Candle Reveals Itself. Many more Bearish Signs Than Bullish. Long Term Bias (6+ months) - Bullish Medium Term Bias (Next Week) - Neutral Short Term Bias (Today) - Neutral Long Term Target Prediction by 2019 - Breaking well above $35,000+

https://youtu.be/K-0m84HbNN8

DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

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

General Tone: On the bearish side, we see a test possibly happening soon at the $8,650 to $8,750 range. If this holds, we remain bullish above the 50/200 moving average on the daily, which has potential for a golden crossover. On the bullish side, a break above $9,900 can signal a rally to $11,500, $11,750 range. Long Term Bias (6+ months) - Bullish Medium Term Bias (Next Week) - Neutral Short Term Bias (Today) - Neutral Long Term Target Prediction by 2019 - Breaking well above $3.30 (ATH)

https://youtu.be/uZzPSaJTFdA

DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

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