BTC analysis

XBTUSD

評論:

Day chart.
The current BTC price action is forming bearish flag which will lead us to double bottom.
There is enough RSI room for downward.

評論:

My mistake. The target is around 6760.

評論:

RSI sideway movement at the crucial level.
BTC is going to make a direction.

交易進行:

Breakdown.
Small rebound expected at marked price level zone.

評論:

Target update :
The red line could be pierced.
5850~6200 is target for bearish flag.

評論:

Then the target of the head and shoulder pattern is around 1850.
Time frame of the chart below is weekly.

評論:

We also can see inverted Cup and Handle pattern.
In this case, the target is around 3550.

評論:

Temporary target reached.
Going down again after recovering RSI

評論:

Short term target : around 8500

評論:

RED : HEAD AND SHOULDER (target : around 4300~4400)
YELLOW : BEARISH FLAG (target : around 6200~6300)

評論:

Expecting price action like this

評論:

Huge drop from 8500 to 4000 for 10 days(29th March)

評論:

Trendline of RSI has been broken.