BTC analysis

13 mar 2018

XBTUSD

13 mar 2018

Nota

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.

13 mar 2018

Nota

My mistake. The target is around 6760.

14 mar 2018

Nota

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

14 mar 2018

Trade attivo

Breakdown.
Small rebound expected at marked price level zone.

14 mar 2018

Nota

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

14 mar 2018

Nota

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

14 mar 2018

Nota

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

15 mar 2018

Nota

Temporary target reached.
Going down again after recovering RSI

15 mar 2018

Nota

Short term target : around 8500

16 mar 2018

Nota

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

19 mar 2018

Nota

Expecting price action like this

19 mar 2018

Nota

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

26 mar 2018

Nota

Trendline of RSI has been broken.