Updated BTC downtrend

23 abr 2018

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

23 abr 2018

Operación activa

23 abr 2018

Nota

support line from the bull trap broken : btc will go down quickly

24 abr 2018

Operación cerrada: precio stop alcanzado

Stop loss reached, false breakout
I will reopen at 9k3 :

24 abr 2018

Nota

RSI resistance, trend based fibonnaci show this better elliot wave count :

25 abr 2018

Operación activa

26 abr 2018

Operación cerrada: objetivo alcanzado

a small triangle broke, close short and reopen it at 9180

26 abr 2018

Operación activa

Perfect target :

27 abr 2018

Nota

downtrend continuation :