Bowl Pattern is on Bitcoin Price Chart
There is bowl pattern on Bitcoin price chart. It semed a few months ago. I shared this pattern a few months ago and warned you. Here you can see daily chart of Bitcoin and there is bowl pattern on RSI Indicator. Bitcoin may break down this pattern at the end of this year or earlier.
It Bitcoin breaks down this pattern we will enter the new pattern.
Bitcoin price is under price correction after 99K. This mini price correction may not break down this pattern. There are lots of possitive news on crypto market. Bitcoin should not break down bowl pattern!
Here you can see MACD and Fisher Indicators on this chart. MACD Indicator level is on the top and reversed. It needs a few weeks to complete correction. When we look at ehe past, MACD Indicator needed more time for correction at this level. It is at so high level. It is hard to reverse up again in short time.
So, RSI Indicator can not resist on MACD Indicators correction and It may break down Bowl pattern. Even Fisher Indicator is at good level to reverse up, MACD Indicator seems bad.
I will fosuc bowl pattern on past. They can show us what happened after bowl pattern broken down.
We will see..
Posted Using InLeo Alpha
Whats going to happen to the wall of corporate billions chasing the scarce supply ?