Bullish and Bearish Traps are on Bitcoin Price Chart
There are n-both bearish and bullish traps on Bitcoin price chart. Bitcoin made a fake move while breaking up downtrend line. Lots of Investors were waiting for this breaking up. They thought that Bitcoin drew bullish flag pattern. But after this breaking up Bitcoin price went down and entered again in flag..
Today Bitcoin price went down with the news of Iran and Israel crisis. Lots of altcoin are down more than 20%. Bitcoin price touched 65K USD today. Is it a bearish trap?
After touching 65K, Bitcoin broken down support line. After breaking support line, Bitcoin went up into flag pattern. It may be a bearish trap as bullish trap a few days ago..
There are traps on Bitcoin price chart. Bitcoin is trying to find the direction. I shared an analysis and said volatility was coming soon. It came..
Today is one of most volatility day in 2024. Lots of altcoin went down as from waterfall.
When we look at the daily chart of Bitcoin's indicators, we can see downtrend line on MACD Indicator. It will be crossed in a few days with uptrend line. MACD Indicator stucked into this lines. We can predict the direction of Bitcoin price after this crossing..
We may see stable days for Bitcoin in April. but May will be more volatility for Bitcoin price.
Sell in May go away was true for Bitcoin last year. We may see again in this year.
May is coming.. We will see...
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Congratulations, your post has been upvoted by @upex with a 0.41% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex
The collapse of the crypto market today was strong and made more than one tremble, one should take advantage and continue accumulating at lower prices. Good analysis, have a great week.