Hello all, today I just want to do an update about bitcoin movement. after almost 3 days with an sideways movement and I really hope that today, BTC will have a significant move. here is my explanation about BTC.
1. I see a WXY correction combination in 1 hour chart. 2. The Y waves is probably forming a rising wedge with a diminishing value of volume and it means that it is a sign of bearish continuation is near. 3. The RSI trendline that have been formed since september 7th is broke down.
I see a possible price continuation to $6200 and it is relatively strong sign in my opinion.