…Key Statement:
Yesterday’s “Truncated 5th” has thus far initiated a 22% sell-off in BTC from the failure of that 5th wave to produce a high north of 11,780. I am now looking for a 1st wave down at minuette-degree to base if it hasn’t already done so at the 9078.95 print low. The 9080.80 level, now breached, tosses any prospect for a 4th wave down at minute degree out the window and as such, this level is now a support/resistance line going forward.
| Short-Term | Sentiment | Target 1 | Low | Supp | Resist |
|---|---|---|---|---|---|
| @passion-ground | Bearish | 8,717 | 5,920 | 9090.80 | 11,780 |
| Long -Term | Sentiment | Target 2018 |
|---|---|---|
| @passion-ground | Moderately Bullish | 12,235 min / 37,419 max |
…BTC Update 3-7-18
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…Video Update
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I trust that the preceding analysis was generally objective, explicitly actionable and informative, and of relative and meaningful value for all those who perceive such analysis as a backstop to their individual ends.
Until next time,