The fate of Bitcoin..?

16 maj 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 maj 2018

Uwaga

How to target using bearish flag pole pattern.

16 maj 2018

Uwaga

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 maj 2018

Uwaga

16 maj 2018

Uwaga

Pattern analysis perspective

17 maj 2018

Uwaga

17 maj 2018

Uwaga

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

17 maj 2018

Uwaga

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 maj 2018

Uwaga

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