Bitcoin short. Will drop to 6.2-5.8k level at least.

30 Mar 2018

First bear flag led to a perfectly estimated drop to 6.8k.

Now a new bear flag is forming. The recent volume is high but insignificant to be a signal for a reversal. Prepare for another drop at least to 6.2 - 5.8k.

30 Mar 2018

Not

For aggressive entry, buy above 7316 if the next four-hour volume is also significant (almost equivalent to the current 4-hour-volume).

30 Mar 2018

Not

On the bright side, RSI is near-oversold. The daily chart RSI is also quite close to a reversal.

Personally would not expect a substantial drop below 6k for that reason alone (with the increasing FOMO at 7.2k and also 6.6k), though, patience would be preferred for conservative buyers.

31 Mar 2018

Not

Still need a lot more volume to confirm a reversal.

31 Mar 2018

Not

And we are going down.