BTC chart review June 22nd, 2018 @ 19:00 PST

Regarding the technical analysis for cryptos on this blog, I'll focus on BTC for the next few weeks as it has the most influence on the entire market. Plus, it's the crypto that many people own, watch and it's at a precarious point price wise.

Here is the monthly chart of BTC from the Bitstamp exchange.
It has printed 5 red heikin ashi bars illustrating the downtrend with no sign of a reversal.
Stochastics are in a downtrend and may be heading for the oversold 20 level.
Long term chart is bearish

The weekly chart has 6 red heikin ashi bars which have pierced through the 50 week ma and the lower trend line.
Should BTC continue the downtrend, the 20 wma will be crossing below the 50 wma for another bearish signal.
Stochastics are oversold and will be embedding. (3 days of both k and d lines under 20)
Mid term chart is bearish

The daily chart is from the GDAX exchange and is also bearish.
The next potential support is the Feb 6th low of 5873. I really thought that the low in Feb was the low for 2018, but that may be wrong in a few days. (hours?)

Comparing the price action of the BTC forks: BTC in red, Bitcoin Cash in Blue, Bitcoin Gold in Orange, Bitcoin Diamond in light blue.

Comparing price action of BTC in Red vs ETH in Black, LTC in Blue, Dash in Green.

Google trends for the search for BTC within the USA. (I've heard that it is hard to purchase BTC in Hawaii...)

Google trends for the search for BTC worldwide. South Africa has been in the #1 spot for months.

I think it is obvious the BTC ran up too far too fast and is consolidating the massive gain's of 2017. Did you know that the high for BTC on Jan 1st, 2017 was $1000 USD's? (On the GDAX exchange) It ended the year at $13404, quite a rise within one year...