BTCUSD no surprise

6 Eyl 2018

BTCUSD retraced back to the FIB 0.618 level for the 3th time in its recent long term pattern.

If bitcoin breaks below 5.8K, I see BTC going to 5.1K to complete the pattern we are in before going side ways for some time:

10 Eyl 2018

Not

I suspect a small re bounce until around 6800 - 7000 levels before we continue the downwards trend.

12 Eyl 2018

Not

The pitchfork shows perfectly how the trend follows the upper line. I suspect a downwards trending line until the median which matches perfectly with our earlier levels of around 5100

13 Eyl 2018

Not

Bearish flag in the air. Based on setup, this can become a major breakdown.

13 Eyl 2018

Not

Forgot to mention the volume profile which does not support a trend reversal and strengthen our bearish outlook.