This is the first day of new week and Bitcoin price went down 10%. We have never seen this huge daily red candle in last months. I shared lots of analysis for Bitcoin price chart and said We may see red candle after 8 weekly green candles..
I was sure. Because there were no 9 green weekly candle in Bitcoin price chart since 2013.
There is no reason that we see 9 weekly green candle. So, the opening of new week is red..
Here you can see hammer pattern on Bitcoin price chart. Bitcoin price dropped by hitting like a hammer. We entered bearish trend which I said lots of times. We may see bearish trend until halving..
https://i.imgur.com/U5naz1t.png
I shared lots of analysis for possible bearish trend until halving. Here you can see the Indicators on weekly Bitcoin price chart and you can understand why I say this bearish trend.
Fisher Indicator is on the top and reverse this week or next week. When you look fisher Indicators past, the price correction may take atleast 5 weeks..
MACD Indicators is also on the top and reverse..
https://i.imgur.com/obxEHM8.png
I will share possible support levels for Bitcoin during bearish trend. This will be the last chance to pick up discounted crypto as Hive.
We will see…
