The fate of Bitcoin..?

16 พ.ค. 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 พ.ค. 2018

บันทึก

How to target using bearish flag pole pattern.

16 พ.ค. 2018

บันทึก

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 พ.ค. 2018

บันทึก

16 พ.ค. 2018

บันทึก

Pattern analysis perspective

17 พ.ค. 2018

บันทึก

17 พ.ค. 2018

บันทึก

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

17 พ.ค. 2018

บันทึก

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 พ.ค. 2018

บันทึก

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