BTC Prj.2019.P03.E05.V3. Time to share what I suspected.

Flag continuation!!

Its like out of the text book. I got concerned when it done the dump... Going long now? We must see it break the channel, I have the wik only.

Hrly Chart:

Overall view:

Likely target initially

Komentarz:

This resistance line has just given us the clue to where it will go after it gets reject from the red region, that equals either the 0.618 level or the 10 or 20 EMA.

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Price hit $10665, very close enough to the target. Now expect a drop in price and who knows where.
Now its to be cautious as if you haven't, do not go in now, until we pass the 21 EMA on the daily.
If it closed below 9400 on the 4 HRLY, then look for further drops.
Also we see a hidden bearish divergence. So lets see how this plays because the previous drop and rocket price was purely manipulation.

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More likely now.

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The target is still alive, with a potential bounce around the 10k to 10.2K

Zlecenie zamknięto ręcznie:

Downtrend to continue. Hence lesson learnt. They say, trade with the trend. Makes sense.