Bitcoin Price Broke Down the Flag Pattern for Short Term
Bitcoin price stuck into flag pattern for short term. It broke down this pattern today. I shared an analysis about this pattern. Bitcoin tried to break up this pattern two times but it could not. The bottom line of flag pattern supported Bitcoin price two times and It is bokrne down today. Bitcoin price went down to the target of flasg pattern and It is supported at 106K USD level.
Here you can see hourly chart of Bitcoin price. The new channels bottom line supported Bitcoin price today. Even Bitcoin price reverse up the bottom line of flag pattern resisted. Our short term Bitcoin price analysis worked as well..
Here you can see daily chart of Bitcoin. I shared a few analysis about this chart. I pointed possible fake moves of market maker. It is happening.
I circled the similarities on MACD Indicator. Lots of investors and influencers are waiting for all time high. I pointed this similarity and MACD Indicator did not reverse up. It is still going down. I drew bowl pattern on RSI Indicator. I proud of about it. Noone did draw this pattern. but My analysis works as well. RSI Indicator will draw bowl pattern. I circled the similarites on bowl pattern on RSI Indicator. It would do lower high. It did. We may see the touch to bowl pattern on RSI Indicator.
I will focus on bowl pattern on RSI Indicator. I don't look the price. RSI Indicator can show us the future.
We will see...