BTC analysis

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XBTUSD
Nota
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.
Nota
My mistake. The target is around 6760.

syot kilat
Nota
RSI sideway movement at the crucial level.
BTC is going to make a direction.

syot kilat
Dagangan aktif
Breakdown.
Small rebound expected at marked price level zone.

syot kilat
Nota
Target update :
The red line could be pierced.
5850~6200 is target for bearish flag.

syot kilat
Nota
Then the target of the head and shoulder pattern is around 1850.
Time frame of the chart below is weekly.

Bear. Towards. Capitulation(BTC) $1800.
Nota
We also can see inverted Cup and Handle pattern.
In this case, the target is around 3550.

syot kilat
Nota
Temporary target reached.
Going down again after recovering RSI

syot kilat
Nota
Short term target : around 8500

syot kilat
Nota
RED : HEAD AND SHOULDER (target : around 4300~4400)
YELLOW : BEARISH FLAG (target : around 6200~6300)

syot kilat
Nota
Expecting price action like this

syot kilat
Nota
Huge drop from 8500 to 4000 for 10 days(29th March)
Nota
Trendline of RSI has been broken.
syot kilat
Bitcoin (Cryptocurrency)BTCUSDChart PatternsshortTrend Analysis

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