General Tone:
A bounce at the $7,000 level was much expected due to hitting a major trend line support established since Nov 11, 2017.
Bullish View, if we break the $7,650 range, there's a chance to hit $7,850 to $8K range(0.5 to 0.618 fib retracement)
Bearish View, if we break $7,161 range, we'll most likely test $7,040, which I see as failing to hold and then testing $6,500.
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:
A bounce at the $7,000 level was much expected due to hitting a major trend line support established since Nov 11, 2017.
Bullish View, if we break the $7,650 range, there's a chance to hit $7,850 to $8K range(0.5 to 0.618 fib retracement)
Bearish View, if we break $7,161 range, we'll most likely test $7,040, which I see as failing to hold and then testing $6,500.
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)
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