Bitcoin Set a Trap Who Wants All Time High

There is a bullish trap on Bitcoin price chart. I shared a post about possible bullish trap on Bitcoin price chart. After We saw breaking up the top line on descending channel, Bitcoin got 3 red daily candles. It means that was a joke. It was a bullish trap for who wants all time high without interest rate decreasing..

Here you can see daily chart of Bitcoin. Bitcoin price is in this pattern for since March. Even Bitcoin price is close to all time high, lots of altcoins are down more than 50% from the top of 2024.

It was too early to wait breaking up this consolidation zone. It may take long time and we may wait until August..

Here you can see the indicators on daily Bitcoin price chart. This is why I said we may wait until August. There is a bowl pattern on RSI Indicator. It will be broken down at the end of June. We will see huge price drop on Bitcoin price and all crypto market in this time..

Fisher Indicator is also on the top and reversed. We will see price correction after touching 72K. It is only at the beginning. MACD Indicator is also whowing us the same thing for Bitcoin price chart.

I am aaiting with cash and buying slowly crypto for altcoin season. There are lots of crypto thats are undervalued. I am picking up them..

It is not to cash flow all in. Slowly buying may be great strategy for picking up.

We will see..

Posted Using InLeo Alpha