Bitcoin BTC April 12 - Live Stream Technical Analysis - Is $8,230 the next target?
General Tone:
We see a bull break well above $7,250. Bulls have regained control for the time being. We break out of the major resistance formed since December 17. Based on fib extensions, the next possible wave 5 target is $8,230.
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
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No one does TAs like you mate!! Great work and many thanks.
Great TA as always. I'm afraid we may be witnessing a bull trap. I think the daily needs to close above descending triangle before an uptrend is confirmed. Just my $0.02
Glad to have you back. Grateful for your insight.
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