Bitcoin Bear Trend Continuation

Jun 4, 2018

I think there is a formed trend continuation pattern at the Bitcoin chart. There is a triangle which i think is a pennant and some movements that i think head and shoulders continuation pattern. I made some calculations on patterns and first price target met with Bitcoins bottom line of big triangle and second target met with 6k bottom. It seems reasonable but I am still cautious. Publishing it for tracking its development.

Jun 10, 2018

Note

After the pullback first target reached

Jun 15, 2018

Trade closed: target reached

I was expecting to test 6k but we bounced from the patterns 1:1 target, we can still drop but this ideas target reached i think.

Jun 15, 2018

Note

Note:If we are gonna take 10k as a flagpole start point then the target is 4800.

Jun 15, 2018

Note

Short term

Jun 15, 2018

Note

Jun 15, 2018

Note

Dropped too quick i think. Not a good sign.

Jun 22, 2018

Note

At this point while i am looking at charts this pattern actually can be middle of the correction. As i said earlier at jun 15if this is the case then 4800 is target point

Jun 22, 2018

Trade active

Jun 22, 2018

Note

Of course first we should break down second target which is reached today.

Jul 2, 2018

Trade closed manually

Noone cares but still we did not stay below second target so trade right now closed.