The fate of Bitcoin..?

16 במאי 2018

As soon as we break the previous low point, $8214, I shorted my position.
4h 300 moving average failed to support and now we are going below it again.
Next possible bounce region would be 0.618 retracement level, $7,800~$7,900.
There is high chance that we had a wave failure and form WXY correction structure.

16 במאי 2018

הערה

How to target using bearish flag pole pattern.

16 במאי 2018

הערה

tradingview.com/x/UFcAcIWS/\
In long term, we can consider this as abcde triangle correction, if we touch the bottom of the symmetrical triangle.

16 במאי 2018

הערה

16 במאי 2018

הערה

Pattern analysis perspective

17 במאי 2018

הערה

17 במאי 2018

הערה

With sub-waves, we could set our targets like this.
Breaking above $8,450 invalidates this count.

17 במאי 2018

הערה

First target reached. We are seeing bullish divergence which can mean that it might bounce at the down trend line for a while before going down more.

18 במאי 2018

הערה

Orange down trendline broken. Update your trendline like the yellow one.