Bitcoin Bearish signals (1hr)

2017년 9월 6일

Let's take a look at the hourly chart.

The market rebounded from the resistance at 161.8 Fibonacci.
I see two strong bearish patterns - the rising wedge and the harmonic butterfly pattern .

Also Stochastic RSI and cRSI came out of the overbought zone and began to fall.

Probably this means that the correction for bitcoin is not finished, there was only a pause.
If I'm right, then we can expect the drop to the uptrend line at 4000 or to the last bottom at 3900 1.45% (for different exchanges the levels may differ).

Let's wait and see.

Good luck!