The fate of Bitcoin..?

16 Mei 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 Mei 2018

Catatan

How to target using bearish flag pole pattern.

16 Mei 2018

Catatan

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 Mei 2018

Catatan

16 Mei 2018

Catatan

Pattern analysis perspective

17 Mei 2018

Catatan

17 Mei 2018

Catatan

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

17 Mei 2018

Catatan

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 Mei 2018

Catatan

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