Bitcoin (BTC): Correction Levels

2018年5月7日

The previous update: The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open
The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.

2018年5月7日

註釋

EOS trading in breakout mode:

2018年5月7日

註釋

As for EOS, we need to see 1-hour bar to close above 18.0 to trade the breakout. Alternatively, there is a short setup with good R/R:

2018年5月7日

註釋

BTC seems to be finding footing:

2018年5月7日

註釋

A bottom is likely in place after Bear Trap. Inverse H&S to confirm

2018年5月7日

註釋

Double Bottom in Ether supports the idea of a bigger pullback in Bitcoin:

2018年5月7日

註釋

In the meantime, EOS has closed a bar above 18.00.