Daily RSI suggests that bitcoin is right now in the overbought area .
On the 4H chart we can see MACD convergence which means MACD creating lower high and price creating higher high .
Also on the 4H chart we can see 5 waves of Elliot wave pattern which suggests now is the time for ABC correction .
Looking at the price at this moment on 4H chart an evening star formed which will be followed by trend reversal ( short term ) .
On the 4H chart we can see MACD convergence which means MACD creating lower high and price creating higher high .
Also on the 4H chart we can see 5 waves of Elliot wave pattern which suggests now is the time for ABC correction .
Looking at the price at this moment on 4H chart an evening star formed which will be followed by trend reversal ( short term ) .