Mini Head and Shoulders Pattern is on Bitcoin Price Chart
There is mini head and shoulders pattern on Bitcoin price chart. Bitcoin price can not break up 82K USD level ans we see lower high level on Bitcoin price chart. This is why we can not say that Bitcoin price entered bullish season. While Bitcoin price is trying to break up 82K USD level, mini head and shoulders pattern appeared on Bitcoin price chart.
Here you can see daily chart of Bitcoin price. Bitcoin price may be at the end of head part of this possible mini head and shoulders pattern. We may see the right shoulder and the result of this mini and shoulders pattern.
Here you can see the indicators on daily chart of Bitcoin price. There are mini uptrend lines on MACD Indicator. We may see breaking up this indicator in a few days. You can see what happened after breaking down these mini uptrend lines. There were also great downtrend line on RSI Indicator. You can see what happened after breaking up this resistance.
Fisher Indicator is close to the top. We may see reversing down on this indicator if we see more daily red candles.
We should be careful about this possible mini head and shoulders pattern. If it wants to go down the target of this pattern, we may see Bitcoin price at 74K.
200-day moving average is also waiting to support Bitcoin price.
We will see..
El mercado muestra que el mini head‑shoulders está justo bajo el nivel de 82 K y el objetivo de 74 K coincide con la zona de soporte de la media móvil de 200 días. Los mini up‑trend lines del MACD están próximos a romperse, y sin un volumen que indique acumulación la presión bajista se vuelve más probable. Además, el Fisher Indicator cerca del tope refuerza la señal de reversión si aparecen más velas rojas.
Tipo, esa línea de 200‑day MA parece lista para aguantar el precio, pero el mini head‑and‑shoulders me deja con dudas, sobre todo con el RSI pegado a la resistencia y el objetivo a 74 K que señalas 🤔. ¿Viste cómo el MACD muestra mini up‑trends justo antes de cada vela roja?