BTC Bitcoin May 7 Morning Update - We Find Support Short Term with a Beautiful Hammer and Bull Wick

@philakonesteemit · 2018-05-07 15:54 · bitcoin

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

General Tone: We see on the 2 HR, that temporary support will be found from a hammer candle with a large bull wick, rejecting $130 on the down side. A short term target is roughly $9,600 to $9,700 before continuing and finishing the ABC correction. 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/OrLZnV5T7m8 DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

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