There was great bowl pattern on Bitcoin price chart. I shared lots of analysis about this pattern. Bowl pattern is on RSI Indicator. Here you can see daily chart of Bitcoin and RSI Indicator. I showed this pattern a few months ago and It worked as well..
I warned you about possible breaking down in bowl pattern. It happened today. We need to see daily close of today.
If we see daily close below this pattern, Bitcoin will enter new pattern. Bowl Pattern is coming from March. Bitcoin price moved from 74K to 104K in this pattern.
It may take long time to see new pattern on Bitcoin price chart.
Bowl pattern is great bullish pattern. Bitcoin price waited and touched all time high at the other side of bowl. So, I may be signal for ending bullish season for short-term. We may see price correction on Bitcoin price chart.
Here you can see the indicators on daily chart of Bitcoin. This is why I am waiting for price correction on Bitcoin price chart.
Fisher Indicator is on the top and ready to reverse down. MACD Indicator is in correction for 2 weeks. I need more time to complete correction.
These are short-term bearish signals on Bitcoin price chart.
I was waiting for ending of this bowl pattern. I warned you lots of times. It is close to be happened.
If it happens, we may see price correction on Bitcoin price chart.
We will see...
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That might really be a very great sign that bitcoin is really about to break and I am so sure that in due season it will break it very well. I am really optimistic to see how it will function
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Thanks for sharing your thoughts about the market.
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