Btc Target 3300

Target 3300 (Brief pierce of pink line and continuation of long trend)
2 fractals
Possibilty of another 2 forming and then sideways movement and continuation of long trend.

Log-view on chart.
2018 target 73k/btc

This is a personal trading ideea.

Note

(9017$ at the moment of writing)
)currently forming a descending triangle; with my opinion of a break down.
8600-700 represents a strong support. it may bounce(possibly dead cat bounce), i'm bearish.
My opinion is that we need to see a moment when everyone says crypto is all doom and gloom. We haven't seen that yet.. everyone keeps yelling "buy the dip"

This is my personal trading ideea for my trading; It may be wrong, it may be right dyor!

Note

8393 It started to correct . It mai bounce of 7900-8000 level or we may see a lower low 5100; RSI are all oversold up to 4H, it is a good chance that it may bounce. But i'm bearish...my opinion a dead cat bounce and down again..

Note

7500 as of writing; may temporary reverse(nothing goes down forever,nothing goes up forever) at 7200 level due to rsi being too low at 4h; still long way to go down.

Note

New downtrend channel seems to have formed, between log view and normal view lines.
The move down has not been as expected....will update the chart later

Note

6713 as of writing

DanielHur

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DanielHur