Today Bitcoin price went up. It retested uptrend line and resisted by this line to continue downtrend. I shared a post a few days ago for possible Bitcoin price downtrend. I shared this draft and drew possible price move. Today Bitcoin price went up after supported by the middle line of descending channel.
I shared this descending channel a few months ago. Bitcoin price is being traded in this descending channel. We have seen lots of bullish and bearish traps on this channel. I predicted that Bitcoin price might not make 4th bullish trap before downtrend and It happened..
The middle line supported Bitcoin price today. It is retested and It is time to continue downtrend!
Here you can see daily chart of Bitcoin price. RSI Indicator resisted by downtrend line. It broke up uptrend line and it is signal of downtrend. MACD Indicator will reverse and enter red zone in a few days! Fisher Indicator reversed from the top and going down...
These are reasons that I am waiting for price dump on Bitcoin price chart! I drew my price move draft. I am waiting for this..
I am waiting with cash to fill my bag with discounted cryptos! We will see...
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