Updated BTC downtrend

23 apr 2018

Bitcoin is currently in a descending channel, in a bull-trap and in an inverted cup and handle. All three are bearish patterns which show that btc still have to go down.
It could be invalid if 9k is broken.
SL : 9k
Current target : 5k

23 apr 2018

Trade attivo

23 apr 2018

Nota

support line from the bull trap broken : btc will go down quickly

24 apr 2018

Trade chiuso: stop raggiunto

Stop loss reached, false breakout
I will reopen at 9k3 :

24 apr 2018

Nota

RSI resistance, trend based fibonnaci show this better elliot wave count :

25 apr 2018

Trade attivo

26 apr 2018

Trade chiuso: obiettivo raggiunto

a small triangle broke, close short and reopen it at 9180

26 apr 2018

Trade attivo

Perfect target :

27 apr 2018

Nota

downtrend continuation :