Bitcoin going as expected

9 באפר׳ 2018

I am bearish and my position stands still. Unless it breaks out $7,500, I will not consider this market as bullish.
I think wave 2 has been validated thus I am to update my target which hasn't changed much from before.
I fib extended wave 1 to target 100% and 162%.

9 באפר׳ 2018

הערה

Here are my current counts.

9 באפר׳ 2018

הערה

One of my favorite trader, Hoony has been mentioning about the bollinger band in weekly chart. It hasn't touched the bottom part of the bollinger band so there is much room for price to fall.

Here's Hoony's tradingview page. He mostly analyze in Korean.

9 באפר׳ 2018

הערה

kr.tradingview.com/u/hoony/

9 באפר׳ 2018

הערה

Touched the orange trendline and bounced.