(1h) Bearish RSI Div // Completed Bat and ABCD pattern // ®

BITSTAMP:BTCUSD   Bitcoin / Dollar

From left to right:
. ABC correction completed;
. New impulse with an AB=CD pattern completed and also a Bearish Bat pattern with target at 38.2% and 61.8% retracement ;
. Inside a corrective structure (pink channel) and i believe we are inside the wave 3 of a 5 waves impulse that will end near to previous high's. @445$;
. There's also a few Bull's waiting the Cypher to get completed @415$ (blue)

Note: attention the default ratios for wave 3 at 161.8% extension of wave 1 ;) and in that case i'm expecting an bearish rsi divergence on tops.

Safe trades;


I didnt understand, you said that we will probably end up at 445 but if that is true, why would we short?
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