Red Candle is on Bitcoin Price Chart After 6 Green Weeks

Bitcoin price started the new week with red weekly candle. Market maker made a bullish trap at the end of last week. Bitcoin price closed the week with green candle. It was 6th weekly candle. I shared an analysis about bullish trap on Bitcoin price chart and I think It happened.

Here you can see weekly chart of Bitcoin. After touching 76K USD level great support line, Bitcoin price went up wihthout any price correction and got 6 green weekly candles. This is 7th week and we should see a red weekly candle. Market maker tried to get 6th green candle at the end of last week and It happened.

The most important is that Bitcoin price closed the last week at 107USD level. This is all time high weekly close for Bitcoin price chart!

Here you can see the indicators on weekly chart of Bitcoin. If we see weekly red candle, we will see great negative divergence on RSI Indicator on weekly chart of Bitcoin. This is why market maker tried to close the week at all time high level!

Fisher Indicator is on the top and trying to get ready to reverse down. If we see a few weekly red candles, the worst scenario will start..

Negative divergence on Bitcoin price chart is so important. Even The top of weekly close of weeks are increasing, the top of RSI Indicators are decreasing.

I will focus about this negative divergence. This week is so important. If we see red candle in this week, negative divergence may start.

We will see...