The fate of Bitcoin..?

16 mai 2018

As soon as we break the previous low point, $8214, I shorted my position.
4h 300 moving average failed to support and now we are going below it again.
Next possible bounce region would be 0.618 retracement level, $7,800~$7,900.
There is high chance that we had a wave failure and form WXY correction structure.

16 mai 2018

Note

How to target using bearish flag pole pattern.

16 mai 2018

Note

tradingview.com/x/UFcAcIWS/\
In long term, we can consider this as abcde triangle correction, if we touch the bottom of the symmetrical triangle.

16 mai 2018

Note

16 mai 2018

Note

Pattern analysis perspective

17 mai 2018

Note

17 mai 2018

Note

With sub-waves, we could set our targets like this.
Breaking above $8,450 invalidates this count.

17 mai 2018

Note

First target reached. We are seeing bullish divergence which can mean that it might bounce at the down trend line for a while before going down more.

18 mai 2018

Note

Orange down trendline broken. Update your trendline like the yellow one.