Today is the confirmation of big price correction on Bitcoin price chart. I shared lots of analysis and said, Big price correction on Bitcoin price chart was coming soon. It came. Today we saw the confirmation of beginning of big price correction.
Here you can see daily chart of Bitcoin. I drew this draft a few weeks ago. It worked as well. Lots of investors and crypto influencers were waiting for new all time high. I tried to warn you about possible big price correction. Bitcoin price went down from 102K to 92K in 3-days. This is only the beginning. Market maker started to cage the investors and crypto influenver who was waiting for all time high. I said I would be out of market until end of January to see this price correction. We may see 8xK USD in a few days.. I will focus where the bottom can be..
Here you can see the indicators on daily chart of Bitcoin. I showed you the resistance on RSI Indicator. It worked as well. Fisher Indicator reversed from the top. This is why I am sure that we will see 8xK USD in a few days. This is only the beginning. Bitcoin broke down the support line. It is hard to enter new bullish pattern.
Bitcoin price will be under pressure RSI Indicators resistance until end of February..
So, Holding cash is great during this season. Market will present great chances to pick up discounted crypto.
We will see..