Fake Breaking up the Flag Pattern on Bitcoin Price Chart

We were waiting for seeing breaking up or down on flag pattern on Bitcoin price chart. Bitcoin price broke up this flag pattern two days ago. Even it is broken up, Bitcoin price reversed down and entered into this flag pattern again. It may be a fake breaking up.

Here you can see daily chart of Bitcoin price. I drew possible bearish flag pattern on Bitcoin price chart. But Bitcoin price broke up this triangle. Even it is broken up, It may be a fake move on Bitcoin price chart. It may be a bullish trap.

Bitcoin price is still in this triangle. We need to see breaking up or down and confirmation.

Here you can see the indicators on daily chart of Bitcoin price. There is uptrend line on Fisher Indicator. It is reversed down from the top. This is why Bitcoin price reversed down and entered flag pattern again. Uptrend line on Fisher Indicators may support the indicator. If not, we will see breaking down on this uptrend line. MACD Indicator is at same situation. It is close to reverse down.

There is also uptrend line on RSI Indicator. It may be supported by this uptrend line. If not, we will see big price dump on Bitcoin price chart.

It can be said that Bitcoin price may enter bearish trend until February. These major Indicator will break down these uptrend lines.

So, we may see mini uptrend again in a few days. If not, we will see downtrend on Bitcoin price chart and Bitcoin price may move to reach the target of possible bearish flag pattern.

We will see..