Bitcoin BTC - Technical Analysis April 14 - $6,500 WAS THE FLOOR.

in bitcoin •  7 years ago  (edited)


General Tone:
I firmly believe $6,500 was the floor. I see two cases. See chart below.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019


Check out my BTC evening update that addresses the Pantera news and $6,500 as the floor.



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Thanks very much for the information

THANK YOU

Hi @philakone - good to have you back.

One question to you analysis. You are taking the high volume as confirmation for the market to pick up. What I was wondering - have you looked at the structure of the volume? Everybody is talking about a short squeeze "only" and that is confirmed in my opinion by the volume as the most part of it was on bitmex. What is your opinion on it?

I agree, bulls are coming, but 35k @ 2019 is conservative in my opinion. I expect an armsrace between billionaires, govs and central banks to cause the biggest run ever.

I hope it was the bottom too at 6.5K.

I like your TA. Good job PhiL

hey phil the last 5mins your mic cut but i could gather from the charts what the ta was. Thanks again!

Great stuff Phil. I am loving the TA and have learned so much. Thank you and keep it coming mate.

Rocking analise :) love your work... The best you are Mama whale <3

With all this stories of wars and the actual financial systems that are in a bubble at the moment, we are definitely going to see some major price action once the whole financial system crashed/pops again. lots of money is going to flow into crypto at once then!

Always glad I can give you an upvote here

Good stuff dude!

Thank you

Thanks for all the work! Love you my Asian brother ❤️

Excellent content, upvoted and resteemed!

Thank you @philakone. I didn't begin to make my money in crypto until after I viewed your tutorials. Very good stuff, and it is so great that you offer it to is for free. Pretty soon we will all be very competitive in this market because of you.😊

What is the difference between these two?

btc.jpg