2nd Big Bullish Trap is Coming Soon on Bitcoin Price Chart
Bitcoin price is trying go up to reach all time high since April. Even it tries to go up, there are lots of bullish traps on Bitcoin price chart that trapped bullish investors.
Here you can see daily chart of Bitcoin. Bitcoin is still trying to break up the top line of descending channel. Even it broke up a little the top line of this channel, that is not enought to go up. This is so possible as a bullish trap. We should be careful. We should be out of market to see bullish proof.
I think price dump is coming soon on Bitcoin price chart in next week. August will be red month for crypto market.
Here you can see the indicators of daily chart of Bitcoin price chart. MACD Indicator is at the same level of resistance that trapped bullish investors in June. It is so possible to reversing from the top in a few days.
There is uptrend line on Fisher Indicator. It may break down the uptrend line. We will see price drop when it happens. It will happen in a few days. Next week may be red for crypto market.
If it breaks down we will see down trend pattern on Bitcoin price chart.
These are major reasons that I am waiting for price dump on Bitcoin price chart. Time is running out and price dump is coming soon.
I will be out market in these days and watch the market. I am waiting with my cash to buy discounted cryptos.
We will see..
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I am very confident that we are about to have a massive move in the bitcoin
Hi great analysis as always thanks for sharing it with us, have a great week.