BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Comment: Day chart.
The current BTC price action is forming bearish flag which will lead us to double bottom.
There is enough RSI room for downward.
Comment: My mistake. The target is around 6760.

Comment: RSI sideway movement at the crucial level.
BTC is going to make a direction.

Trade active: Breakdown.
Small rebound expected at marked price level zone.

Comment: Target update :
The red line could be pierced.
5850~6200 is target for bearish flag.

Comment: Then the target of the head and shoulder pattern is around 1850.
Time frame of the chart below is weekly.

Comment: We also can see inverted Cup and Handle pattern.
In this case, the target is around 3550.

Comment: Temporary target reached.
Going down again after recovering RSI

Comment: Short term target : around 8500

Comment: RED : HEAD AND SHOULDER (target : around 4300~4400)
YELLOW : BEARISH FLAG (target : around 6200~6300)

Comment: Expecting price action like this

Comment: Huge drop from 8500 to 4000 for 10 days(29th March)
Comment: Trendline of RSI has been broken.
RSI sideway movement at the crucial level.
BTC is going to make a direction.

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