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jolesaitama
Jul 10, 2018 6:54 PM

bearish channel, 4Hr level. Can go to 5000USD 

Bitcoin / DollarBitfinex

Description

If follow bearish channel to go down
Comments
FRXMACHNE
LOL
jolesaitama
my view, case 3, refer to 4hr bearish channel, can go to 5000USD in 3 days.
go to 5700 and bounce back to 6000 ,then go 5000.
Diverging channel due to acceleration of falling.
Besides, Day level RSI is still about 50, can go down more in coming days. But 4 hours or below level RSI have already been below 30, oversold, therefore it is normal to be stable on current level or rebound in coming 12 hours.
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