Bitcoin bearish flag - target level ~$10k

2018年1月9日

BTC/USD is now showing a very strong-looking bearish flag. 1st target level is labeled on the chart. 2nd target level is a somewhat less likely target based on a head & shoulders pattern that I outlined a couple weeks ago and have linked to this chart below.

trade at your own risk.

2018年1月11日

交易進行

market panic from bad news from South Korea confirms chart

2018年1月16日

註釋

looks like it may actually want to go sub $10k, we'll see though

2018年1月16日

註釋

updated chart. I've no idea what will actually happen out of these two pathways, but my guy says the first (top) pathway is more likely now.

2018年1月19日

註釋

there's also a possibility that the price will bounce from around the middle of the long-term trend channel (the purple line here):

I think at this point, all three paths I've outlined so far are equally likely.

2018年1月24日

註釋

another bulltrap fractal in the making. should go to my labeled target here, probably a little bit higher though. afterwards I expect it to bounce off of one of the 3 trendlines in my above chart.

2018年1月25日

註釋

revised my order. should go to the #1 fib extension.

2018年1月27日

註釋

update for medium term outlook (most probable path outlined):

2018年1月31日

註釋

new likely pathway:

2018年2月1日

註釋

dropping WAAAAY faster than I expected:

2018年2月2日

註釋

update: seeing some capitulation here off the top of the main trend channel; may go up to the .618 fib line (possibly higher) before continuation of the main downtrend.

2018年2月4日

註釋

here we have a bearish continuation flag:

2018年2月6日

註釋

looking like a bearish pennant is forming, target labeled on chart below:

2018年2月6日

註釋

rising wedge suggests continuation of downtrend:

2018年2月6日

註釋

descending volume within the rising wedge confirms the bearish continuation pattern

2018年2月7日

註釋

this reactionary movement against the downtrend has become a bit more protracted than I expected initially. only becoming a larger rising wedge, which suggests that the downward movement will be larger. expected target: $5k

2018年2月9日

註釋

update: looks more like a bearish flag at this point. target based on pattern projection is $5033

2018年2月14日

註釋

high volume breakout from an inverse head & shoulders confirms current target of $12.1k:

2018年2月18日

註釋

a break below this small head & shoulders on the hourly would confirm a move to $9.7k; further downward movement to at least $8.5k or lower would be likely after that

2018年2月18日

註釋

forgot the chart for above update: