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Bitcoin
Short

Updated BTC downtrend

By jonathanTIE
Updated
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
Trade active
Note
support line from the bull trap broken : btc will go down quickly snapshot
Trade closed: stop reached
Stop loss reached, false breakout
I will reopen at 9k3 : snapshot
Note
RSI resistance, trend based fibonnaci show this better elliot wave count : snapshot
Trade active
Trade closed: target reached
a small triangle broke, close short and reopen it at 9180
snapshot
Trade active
Perfect target : snapshot
Note
downtrend continuation : snapshot
Chart PatternsTrend Analysis
jonathanTIE

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