Bitcoin and the unbroken downtrend.

25 thg 4, 2018

This is a Daily line chart showing an unbroken downtrend line.

We have half of a 535 correction.
We have a .618 retracement for a possible ABCD diamond.
We do not have a higher high.

This could be a good time to lock in some profits if you havn't already. I have gone 25% to tether. That way i'm happy whatever happens.

4 thg 5, 2018

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Line is broken now. Lets see if it can lead to a higher high. Downwards resistance coming in around 10,500 which lines up with the .78 fib line.

11 thg 5, 2018

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back below the trendline and looking like a failed bull flag is on the cards. A close below the moving averages will lend increasing probability to this idea.

1 thg 6, 2018

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hasn't followed my price targets but the idea remains valid. BTC is still in downtrend guys.

Testing the green trendline again. H&S targeting $6000 which will break it.

If it breaks there will be hope in the shape of a decending wedge. But i still think its most likely to finish off this 535 correction.