Bitcoin BTC March 19 Evening Update - $8,600 Rejected With Bearish Engulfing CandlessteemCreated with Sketch.

in #bitcoin7 years ago (edited)


General Tone:
We see a large sell off near the resistance of $8,600, rejecting over $150 in less than 5 minutes.
Bearish engulfing candles across the board.
A break above $8,717 could signal a rally to $9,000
A break below the trend line support, could signal a sell off to support regions between
0.618 and 0.382 fib, which is $7850 to $8,150
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019

We see a series of bearish engulfing candles





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This is a tough nut to crack, how much longer will it be before bitcoin makes up it's mind on a direction?

For future viewers: price of bitcoin at the moment of posting is 8494.00USD

What's up Philly. Keep up the great content my brotha.

I made an account in here just to upvote your content. Ty, sir!

Keep liking your videos, but my like is worth less than 0.01$. Maybe my steem power would increase if i post nude pics of Whoopi Goldberg?

Thanks for your insight. I like playing these games too.