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