BTC Bitcoin May 31 Morning Update Technical Analysis - Supports, Resistances, Specific Setups

@philakonesteemit · 2018-05-31 15:04 · bitcoin

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General Tone: A bounce at the $7,000 level was much expected due to hitting a major trend line support established since Nov 11, 2017. Bullish View, if we break the $7,650 range, there's a chance to hit $7,850 to $8K range(0.5 to 0.618 fib retracement) Bearish View, if we break $7,161 range, we'll most likely test $7,040, which I see as failing to hold and then testing $6,500. 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/NiEI85KktHk

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