Bitcoin analysis for September 07, 2018

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Trading recommendations:

According to the H1 time - frame, I found strong downward momentum in the background and the price tested the level of $6.615. As I expected, the price broke the bearish flag pattern in the background, which is a sign for further downward continuation. Watch for a breakout of the most recent intraday bearish flag to confirm further downward continuation. The downward target is set at the price of $5.838.

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