Bitcoin Price Broke Down 200-Day Moving Average Before Full Moon

Yesterday was another crash day for crypto market. Even good news dropped after FED meeting in this month, Bitcoin price reversed down and broke down 200-day moving average. I shared a few analysis about Bitcoin price chart and I said I was waiting for price dump on crypto market. It is happened but It is not finished.

Here you can see daily chart of Bitcoin price. 200-day moving average was the last great support level. After 4 daily red candle, Bitcoin price got green daily candle today. There mini downtrend line, Bitcoin price reversed up after touching this downtrend line. It worked as a retest. It is normal to see dead cat bounce after seeing 4 daily red candle. So, I don't think that Bitcoin price will stay above 200-day moving average.

If not, Bitcoin price may touch great bowl pattern. It is at 100K USD level. It is so possible to see touching this great support line. But When?

Full moon is coming soon. It is in next week. I listened lots of astrologers. Many astrologers think that there may be a crash in financial markets, especially crypto markets, during the Full Moon.

That's why I don't buy into the crypto markets. In fact, many astrologers predict a financial crisis in November or, at the latest, December.

So, someting is coming.

As I asked, Bitcoin price may touch great bowl pattern at 100K USD during full moon. This is the answer of this question.

So, we shoul be careful during full moon. It is so possible to see market crashes during these days.

We will see..

Posted Using INLEO