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NoNameGraph
Sep 8, 2018 4:39 AM

Correction is not complete, waiting for a new bottom. Short

Bitcoin / DollarBitfinex

Description

Correction is still incomplete, because the buyers allowed to create a pattern of "Bearish pennant", whose target is the length of the flagpole (5400~), which ideally rests against the lower edge of the global wedge.

Similarly, in favor of the fall says the candlestick pattern "Bearish Engulfing" formed on the weekly chart.

Typical Bearish Engulfing

Comments
johannp170
I agree, somewhere towards 6000-6200 level.
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