Bitcoin Price Reversed Down While While it Looks Like Close to Breaking the All Time High

Today Bitcoin price reversed down. Lots of investors were waiting for all time high. I don't think like that. I was waiting fake move on Bitcoin price chart. It happened. Bitcoin price went up fast to deleting short positions on market. It happened. After deleting the positions Bitcoin price went down as trend. Bitcoin price is in price correction. It will take a few time..

Here you can see 1-hour chart of Bitcoin price. I drew red line on this chart a few days ago. It happened. It was a fake bullish move on Bitcoin price chart. Market maker was trying to collapse more investors from the top. It happened. Lots of investors bought altcoin during this time and They are down more than 20% from the top. Except Hive! Hive is the star of bullish season. I shared lots of analysis and posts in a year and said Hive will be the star of altcoin season. This is only the beginning..

Here you can see daily chart of Bitcoin and the indicators. MACD Indicator have reversed from the bottom. It was not enough. I drew downtrend line on RSI Indicator and said, Bitcoin would touch there and go down. It happaned. This is why Bitcoin price went down. It will be great resistance on Bitcoin price chart and It is hard to see all time high before breaking up..

When we look at this chart, Price correction will may not end until February..

Blue line should support Bitcoin price. If not, we will see huge price drops on market.

We will see..

Posted Using InLeo Alpha