BTC analysis

XBTUSD

Komentarz:

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.

Komentarz:

My mistake. The target is around 6760.

Komentarz:

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

Zlecenie aktywne:

Breakdown.
Small rebound expected at marked price level zone.

Komentarz:

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

Komentarz:

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

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

Komentarz:

Temporary target reached.
Going down again after recovering RSI

Komentarz:

Short term target : around 8500

Komentarz:

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

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Expecting price action like this

Komentarz:

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

Komentarz:

Trendline of RSI has been broken.