Today, Bitcoin price supported by the bottom line of flag pattern Even FUD released from South Korea. It was major bad news for all crypto and stock market and Bitcoin price was very solid. It is really nice to be supported by this support line. Bitcoin price is still far 4% from the top. This is how Bitcoin has hype.
Here you can see 4-hour chart of Bitcoin. Bitcoin price stouched into flag pattern. We will see the end of this pattern until 11th December. I hope Bitcoin price will break up this pattern and go up above 100K.
Here you can see weekly chart of Bitcoin. There is bowl pattern on Bitcoin price charts RSI Indicator. Today Bitcoin touched this bowl pattern. It is very important pattern for Bitcoin for midterm. Bowl pattern will be broken down until 11th December or until new year!
MACD Indicator reversed from the top and is under correction. So, end of this pattern will cause for MACD correction.
As I said, volatility on crypto market has been started. We will see more volatility in a few days. We should be ready and careful for this volatility.
We will see..
Posted Using InLeo Alpha
