Price Correction Started on Bitcoin Price Chart

This is 3rd day Bitcoin price chart has red candles. After getting these red candles, Bitcoin price broke down miniuptrend line coming from 76K. We had not seen any price correction on Bitcoin price chart since 76K. It finally started.

Here you can see daily chart of Bitcoin. I tried to share lots of analysis about Bitcoin price chart to warn you about possible price correction on Bitcoin price chart. All of major indicators appeared bearish. They reversed from the top. There was great bowl pattern on RSI Indicator and It is broken down. This is why we entered price correction on Bitcoin price chart.

Here you can see weekly chart of Bitcoin. This is he first week of Bitcoin after 7 weekly green candles. After having 7 weekly green candles, Bitcoin started with green candle the new week. It was only a bullish trap. Market market did what he always does. Bitcoin got big red weekly candle after opening green.

The height of candle is more than last two week. It shows us the trap of market maker.

We are only at the beginning of price correction. Even we may see small bullish attacks on Bitcoin price chart, The direction of price move may go down. RSI Indicator need to draw new pattern on daily chart.

We will see..

Posted Using INLEO