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+
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+
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)
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)
This correction was to be expected and is most welcome!
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indeed
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definitely i agree!
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Hey Phil, I think you may have messed up on this post. No bearish scenario pictures and there are two general tone sections. Also it says breaking above 3.30 ath? Different coin maybe?
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Great content as always, but I think I found a typo:
"Long Term Target Prediction by 2019 - Breaking well above $3.30 (ATH)"
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Looks like the bearish view is much more possible to happen than the bullish view?
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Hey Phil what made you change your view of that 5th wave being an expanding flat correction? Do you still think what we're seeing could be part of an A/B/C where the B wave extended above the 5th?
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