BTC analysis

Mar 13, 2018

XBTUSD

Mar 13, 2018

Note

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.

Mar 13, 2018

Note

My mistake. The target is around 6760.

Mar 14, 2018

Note

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

Mar 14, 2018

Trade active

Breakdown.
Small rebound expected at marked price level zone.

Mar 14, 2018

Note

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

Mar 14, 2018

Note

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

Mar 14, 2018

Note

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

Mar 15, 2018

Note

Temporary target reached.
Going down again after recovering RSI

Mar 15, 2018

Note

Short term target : around 8500

Mar 16, 2018

Note

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

Mar 19, 2018

Note

Expecting price action like this

Mar 19, 2018

Note

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

Mar 26, 2018

Note

Trendline of RSI has been broken.