BTC + ETH analysis | Weekly bearish | 5500 target | Inv. charts

Good morning TV,
Here are the talking points for today's analysis:
1. BTC fractal (U-shape) reminiscent to middle of August
2. Low volume (1d/4h) be careful. It’s gearing up for a big move
3. If price does not hold its current low ~$6100, then I am watching for the June low of $5800, then $5500, and $5250 to provide support
4. Inverse charts give you a clear unbiased visualization
5. Weekly chart (BLX) looks heavily bearish
6. ETH analysis shows $154 level is next if $188 is broken

Komen:

Still traversing in the sideways zone that we used as support on our way up to $7.4k

Komen:

The infamous BLX weekly chart that has my 3k-5k target being met by the trend line we've established since 2011. Target could be met by end of this year or 2019.

Komen:

BTC trying to find bottom Bollinger band for support which is now $5200 and it is perceptibly clear that the middle band is rejecting us. The horizontal s/r is near the $5400-5500 level as marked by the gold ellipse.

Komen:

Monthly trendline looks brutal. Bitcoin is being supported here at 6000 by the middle bollinger band on the 1M chart.

Komen:

Slow grind in the parallel channel down. Bitcoin is looking for fresh demand zones. I just don't see the bulls defending this area well. Supply is outpacing demand in this area, imo.

Komen:

Big bear pennant being created near a once critical support area as shown by the sideways blue rectangle support range that helped us jump to $7.4k on the last run.

Komen:

Bitcoin and alts moving a bit. Careful here, BTC is meeting heavy resistance where we initially dumped from $6.5k down to $6.1k