Bitcoin Bear Trend Continuation

4 jun 2018

I think there is a formed trend continuation pattern at the Bitcoin chart. There is a triangle which i think is a pennant and some movements that i think head and shoulders continuation pattern. I made some calculations on patterns and first price target met with Bitcoins bottom line of big triangle and second target met with 6k bottom. It seems reasonable but I am still cautious. Publishing it for tracking its development.

10 jun 2018

Nota

After the pullback first target reached

15 jun 2018

Operación cerrada: objetivo alcanzado

I was expecting to test 6k but we bounced from the patterns 1:1 target, we can still drop but this ideas target reached i think.

15 jun 2018

Nota

Note:If we are gonna take 10k as a flagpole start point then the target is 4800.

15 jun 2018

Nota

Short term

15 jun 2018

Nota

15 jun 2018

Nota

Dropped too quick i think. Not a good sign.

22 jun 2018

Nota

At this point while i am looking at charts this pattern actually can be middle of the correction. As i said earlier at jun 15if this is the case then 4800 is target point

22 jun 2018

Operación activa

22 jun 2018

Nota

Of course first we should break down second target which is reached today.

2 jul 2018

Operación cerrada manualmente

Noone cares but still we did not stay below second target so trade right now closed.