General Tone:
On the Bullish side, a break above $8,500 will validate my count to a $8,900. A Break above $8,900 will confirm my possible $13,500+ target.
On the bearish side, we can see it dropping to the 0.618 fib level at $7800 range first. If that doesn't hold, confluence 1:1 ABC and 0.786 fib extensions are found at $7,300 range.
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)
General Tone:
On the Bullish side, a break above $8,500 will validate my count to a $8,900. A Break above $8,900 will confirm my possible $13,500+ target.
On the bearish side, we can see it dropping to the 0.618 fib level at $7800 range first. If that doesn't hold, confluence 1:1 ABC and 0.786 fib extensions are found at $7,300 range.
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)
