Bitcoin Price Tried to Break up Lower High
There is lower high on Bitcoin price chart. I shared a few analysis about this pattern. Bitcoin price should break up this lower high pattern. There was mini bullish flag pattern. Bitcoin price broke down this mini bullish flag pattern. After breaking down this bullish pattern, market maker made another fake move and Bitcoin price went up.
Here you can see daily chart of Bitcoin price. Even Bitcoin price broke down mini bullish flag pattern, Bitcoin price is tried to break up the last higher level. Even it breaks up the last higher level, there is still lower high pattern. It is a bearish signal Even Bitcoin price entered mini uptrend.
Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator reversed up from close to bottom. MACD Indicator is on the top and reversed down. We may see the correction on MACD Indicator. If we dont see daily green candles, MACD Indicator will go down.
There is negative divergence on RSI Indicator. The top of RSI Indicator is decreasing but the top of Bitcoin price is increasing. It is so possible to see price correction on Bitcoin price chart.
As I said, it may be a bullish trap. We should be careful. There is still lower high pattern on Bitcoin price chart.
We will see...
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Great chart breakdown! Breaking out of lower high structures is always a crucial signal for shifting market momentum. If BTC manages a solid daily close above this trendline, we could definitely see a strong bullish wave toward the upper resistance zones. What key support level are you monitoring in case of a rejection?
La foto e1.PNG deja claro que el precio rompió la mini bullish flag y justo volvió a intentar superar el nivel anterior, pero sigue marcando un lower high; ¿qué nivel exacto tenés en mente para el próximo soporte? Tipo, con esa divergencia negativa en el RSI y el MACD ya en la parte alta, el riesgo de una corrección sigue alto. 🚀