Bitcoin Will Make a Decision to Trap Bullish or Bearish Investors
Bitcoin price broke up descending channel. I shared lots of posts about this channel and It might be bullish trap. We had not seen any daily close above this channel and Today is 2nd day that we are above this resistance. So, It may not be a bullish trap but We are not sure..
Here you can see daily chart of Bitcoin price. Even It seems broken up, we have not seen huge moves on Bitcoin price chart. Bitcoin could not touch all time high. These are the bearish signals for Bitcoin price.
There is uptrend line on Bitcoin price chart and Bitcoin price is so close to this line. This is bearish scenario for Bitcoin during these days. We may see huge dump on Bitcoin price chart when Bitcoin breaks down this line..
Will it Break down or go up?
Here you can see daily chart of Bitcoin price and the indicators. MACD Indicator reversed, Fisher Indicator reversed. These are bullish signals.
I shared uptrend line on RSI Indicator and It was broken down. It is retested a few days ago. This is bearish signal for Bitcoin.
Even Bitcoin price chart seems bullish, there are hidden bearish signals. This is 10th month that Bitcoin has 9 green monthly candles. These are unexampled things on Bitcoin price chart.
I am out of the game now. I will follow a few days on Bitcoin price chart to see clear future.
We will see..
Thank you, friend!
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Thanks for sharing your opinion about the movements of bitcoin is great value for me and I'm sure it is also for the whole community. See you later, have a great week.
Well I am so sure that the bitcoin is definitely bullish and this year is for it. It is just a matter of time actually