Bitcoin May 24 Morning Update Technical Analysis - Supports, Resistances. Bullish? Bearish? Mixed Signals

@philakonesteemit · 2018-05-24 15:02 · bitcoin

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

General Tone: On the bullish find, we'll find confluent support at the 0.786 fib region on a small degree, the 0.65 fib region on a very large degree, and the major trend line support established since November, which is between the $7,000-$7,300 range. On the bearish side, we'll break through $7,000 and test $6,500. Where is $6,500 doesn't fail, we may see $5,000 ranges. 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(ATH)

https://youtu.be/ObBYBHpiTFs

Bullish View

Bearish View

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: https://steemit.com/bitcoin/@philakonesteemit/how-to-purchase-my-new-course-with-crypto-i-look-forward-to-having-many-students

DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

#bitcoin #cryptocurrency #technical #analysis #trading
Payout: 0.000 HBD
Votes: 220
More interactions (upvote, reblog, reply) coming soon.