Bitcoin price reverse without touching the bottom line of descending channel. Bitcoin price went down without touching the top line of descending channel a few weeks ago. It may reverse without touching the bottom line of descending channel. Because lots of investors are waiting to buy on the support line. Even Bitcoin made lots of bullish and bearish traps by breaking up and down the top and bottom lines of descending channel, It may be time to reverse up or down without touching.
Marketmaker always does the unpredictable. Lots of investors are waiting with cash to buy on the bottom line of descending channel. But Bitcoin price may reverse without touching.
Here you can see daily chart of Bitcoin price on my draft. I circled the traps on Bitcoin price chart.
Here you can see the indicators on daily chart of Bitcoin. When we look at the indicators on daily Bitcoin price chart, Fisher and MACD Indicators will reverse in next week. Even RSI Indicator resisted by downtrend line, reversin is coming soon. We may see a try to breaking up of downtrend line on RSI Indicator in this month.
It is impossible to say bullish for Bitcoin price without seeing breaking of downtrend line of Bitcoin price chart..
Possibility rate is decreasing day by day to breaking down of descengin channel in Bitcoin price chart. It may be time to look charts as bullish.
We will see..
Posted Using InLeo Alpha
