I find something similar to the current movement of the BTC in the chart. just a day before the flash crash of the 7th of September, BTC made a higher high and a higher low on the 4 h timeframe after a good rally with a bearish divergence in RSI and then broke the 50 k level and crashed. As we see in the current market BTC is kind of doing the same thing. It made a higher high and a higher low with a bigger bearish divergence on RSI after a good rally. I am sure if you look closely you could see the similarity in the price action. I am not saying this would play out but simply playing around with charts, and I thought I could share it here. please leave a comment about how you see it and how you would think this will go.
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