There was great bowl pattern on Bitcoin price chart. I shared lots of analysis about this bowl pattern and said you should be careful until Christmas. Because Price correction on crypto market was coming soon. It happened. Crypto market is down today. Altcoins has great loses. But I think It is only the beginning. I am waiting for correction on Bitcoin price chart. It will be as altcoins.
Here you can see daily chart of Bitcoin. Big price correction is coming soon. There was support line on Bitcoin price chart. It will be broken down in a few days! I am sure that we will see it until Christmas!
There are the indicators below this chart and All of them reversed from the top! Bitcoin price may go down to 6xK USD...
After completing bowl pattern, Bitcoin price entered the new pattern. We are only at the beginning of this pattern. I drew possible new pattern on RSI Indicator. This is only draft. We will see clear future in a few days. We need time to see future.
If Bitcoin price draws as this pattern, Bitcoin price may go down to 6xK USD.
Lots of crypto influencers gave hype to the investors. I gave you warns. I hope You did it as well..
I will wait to see how new pattern will move. We should follow the bottoms. The bottom of the new pattern may be at end of January.
We will see..
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I call this pattern Loss of Momentum. It is formed in both up and down trends and without any doubt, it is easy to identify and its significance is also amazing. And I also think that Bitcoin may see significant profit booking at these levels before further trend continuation. I like your analysis!
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