Bitcoin is Ready for Bullish Trap
Today Bitcoin price tested 61K USD. I may be another bullish trap for investors. Bitcoin had lots of bullish traps in this year. It trapped who were waiting for new all time high. Even Bitcoin price touched only 61K USD, it may be a bullish trap. Because Bitcoin price went up from 47K to 61K in short time..
I drew half curves on daily Bitcoin price chart. Even it seems as completing bowl pattern, half curved broken down and Bitcoin price went down fast.
It may be a bullish trap as before, Bitcoin price go down in a few days. After making bullish doji candle, Bitcoin price drew half curve. It drew same pattern as before. We may see same move on Bitcoin price chart.
Here you can see the indicators on Bitcoin price chart. MACD Indicator is ready to reverse again. Fisher Indicator is on the top and may reverse. When we look at the indicators we can see the similarities.
I am waiting same move as past in indicators.
Tomorrow will be important for Bitcoin price. We may downtrend again. The indicators support my thesis. The shape of price move also supports my thesis.
We will see what will happen...
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