I listened to some astrologer comments today. They said that next week will be important for financial markets again. We may see price drops in next week. After I listened astorlogers, I opened Bitcoin price chart and I am sure that next week may be red again.
Here you can see daily chart of Bitcoin. I saw the similarity between July and now. Bitcoin price is ready to go down again.
There is MACD Indicator below this chart and It is ready to make a fake move. It may not reverse from the bottom and It may go down again in next week! The middle line of Bollinger Bands will also resist Bitcoin price. I shared a post about this resistance a few days ago. These are major signal for price dump in next week.
When we look at weekly chart of Bitcoin, Price correction may take long time. It may continue until end of 2024. So, It may be good strategy to buy slowly.
I should see breaking up on Fisher Indicator. I should see reversing on MACD Indicator on weekly chart.
These are major signal for reversing of price. Going up from 49K to 62K may be dead cat bounce. We will see in next week if it is…
Next week is very important for Bitcoin and other market. We will see what will happen. I will be out of market and I will watch it..