There was great head and shoulders pattern on Bitcoin price. I had focused about this pattern and I shared lots of analysis about head and shoulders pattern on Bitcoin price chart. It was broken down after Trump & Elon fight. Even It was broken down, Market maker made another bearish trap and Bitcoin price went up again over mini uptrend line. Here you can see daily chart of Bitcoin. There was mini uptrend line on Bitcoin price chart. Even it is broken down a few days ago, Bitcoin price went up again and It was only a bearish trap of market maker.  Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the bottom and reveresed up. MACD Indicator is trying to complete correction. If we see more daily green candles, MACD Indicator may reverse up. It may be bullish signal. There was great bowl patterns on RSI Indicators. After breaking down the last great bowl pattern, We are at the beginning of the new bowl pattern on RSI Indicator. After touching this pattern, Bitcoin price went up fast.  So, even it seems a bearish trap on Bitcoin price chart, touching the bottom of bowl pattern is the main reason of Bitcoin price pump after breaking down head and shoulders pattern. We will spend the time during this year in this bowl pattern. So, we will see the next touch on this bowl pattern. We will see.. Posted Using [INLEO](https://inleo.io/@chorock/bearish-trap-is-on-head-and-shoulders-pattern-of-bitcoin-price-chart-dnz)
| author | chorock | ||||||
|---|---|---|---|---|---|---|---|
| permlink | bearish-trap-is-on-head-and-shoulders-pattern-of-bitcoin-price-chart-dnz | ||||||
| category | hive-167922 | ||||||
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The head and shoulders pattern was really clear, and what you said about the market trap makes a lot of sense.
| author | elias22 |
|---|---|
| permlink | re-chorock-sxm731 |
| category | hive-167922 |
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