Beschreibung
⋅ XBTUSD
Kommentar
⋅ 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.
Kommentar
⋅ My mistake. The target is around 6760.
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⋅ RSI sideway movement at the crucial level.
BTC is going to make a direction.
Trade ist aktiv
⋅ Breakdown.
Small rebound expected at marked price level zone.
Kommentar
⋅ Target update :
The red line could be pierced.
5850~6200 is target for bearish flag.
Kommentar
⋅ Then the target of the head and shoulder pattern is around 1850.
Time frame of the chart below is weekly.
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⋅ We also can see inverted Cup and Handle pattern.
In this case, the target is around 3550.
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⋅ Temporary target reached.
Going down again after recovering RSI
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⋅ Short term target : around 8500
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⋅ RED : HEAD AND SHOULDER (target : around 4300~4400)
YELLOW : BEARISH FLAG (target : around 6200~6300)
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⋅ Expecting price action like this
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⋅ Huge drop from 8500 to 4000 for 10 days(29th March)
Kommentar
⋅ Trendline of RSI has been broken.
BTC is going to make a direction.