$BTC.X update. The current pattern made a Falling Wedge. I believe our last draw is $8501.14 before we go all the way down to $7293.55. In my opinion that looks like it could be a possibility due to the current price action. The Heikin Ashi candles aren’t showing signs of a reversal and we’ve fallen below the Ichimoku Cloud. We’re also oversold on the 4 hour RSI. We are on the cusp of following lower on the daily RSI. If we fall below -49.00, I believe we will fall even lower, possibly into the -25.00 area. Which could put us at the old .618 fib at around the $7293.55 area.
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