Bitcoin is currently in a descending channel, in a bull-trap and in an inverted cup and handle. All three are bearish patterns which show that btc still have to go down.
It could be invalid if 9k is broken.
SL : 9k
Current target : 5k
It could be invalid if 9k is broken.
SL : 9k
Current target : 5k
Trade active
Comment:
support line from the bull trap broken : btc will go down quickly
Trade closed: stop reached:
Stop loss reached, false breakout
I will reopen at 9k3 :
I will reopen at 9k3 :
Comment:
RSI resistance, trend based fibonnaci show this better elliot wave count :
Trade active
Trade closed: target reached:
a small triangle broke, close short and reopen it at 9180
Trade active:
Perfect target :
Comment:
downtrend continuation :