BTC - Bull Channel breakdown - EW:B - H&S

Dec 20, 2018

Potential Head & Shoulders with shoulder forming below the previous bull channel. Shoulder would be on EW count B and indicate a bearish reversal into C.

I expect a bullish test of 3K before strong growth, closing the Bear Trap.

Dec 20, 2018

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Dec 20, 2018

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Bearish Hammer Daily Candle closing below local Gann level and Ichimoku Tenkan Sen (red circle)

Dec 20, 2018

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I am more confident that we will test 3K (Target), than I am that we won't go higher from here (Stop Loss)

Dec 20, 2018

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This chart shows the previous two impulse waves (EW 1 and 3) as yellow and blue bar patterns. These suggest that 4000 was the height of the movement, as it is similar to the highest price of the previous two impulse waves.

Dec 20, 2018

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Dec 20, 2018

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tradingview.com/chart/JYhLb3Ir/

Dec 20, 2018

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Dec 21, 2018

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Dec 21, 2018

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Dec 22, 2018

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Dec 22, 2018

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