Bitcoin (BTC): Bearish Control

Updated
Wednesday was a great day indeed for bitcoin bears. In the previous idea I moved the intraday sell stop order to 9250 area, and eventually price hit the first target. Later there was also a Flag pattern setup that worked out smoothly: snapshot
Currently, I'm examining new short opportunities as the micro trend has turned bearish. The options are:
  • Break of 8770 will activate an intraday flag-like formation (M15);
  • 9210-9350 is an important resistance zone.

Note
Bearish setup in ether (ETH): snapshot
Note
Price is testing the trendline. Resistance levels @ 8970 & 9200. snapshot
Note
Bearish Triangle or Inverse H&S? To be decided quite soon snapshot
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The setup under Breakout strategy is now complete. snapshot
Note
Price hit the setup target rising more than 4%. New idea is on the way, stay tuned snapshot
Chart PatternsTrend AnalysisWave Analysis

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