Bitcoin May be the Beginning of Mini Bearish Season

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Bitcoin price is going down for 3 weeks. It may be the beginning of mini bearish season. Even Bitcoin price touched all time high, Bitcoin could not continue bull run. I shared lots of analysis for Bitcoin price chart and said price correction was coming soon..

Here you can see weekly chart of Bitcoin. Bitcoin price went down to 8-week moving average which is signal for midterm trend. MACD Indicator is also at the same level with 2021 April.. I circled the similarity in Fisher Indicator between 2021 and now..

So, We should see price correction when we look at these things. Iran & Israel crisis is only a pretext. When MACD Indicator reversed and turned red, we may see huge price dumps on crypto market. If Bitcoin wants to continue bull run, We should see green week in next week..

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When we look at daily chart of Bitcoin, There is flag pattern. MACD Indicator is below 0 and It may reverse in a few days. If it reverse, we may see bull attacj the top level of flag. I dont tnihk that Bitcoin can break up this flag with this situation of the World..

So, We may see price drop again on Bitcoin price chart.

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I said last year, market maker always says ''Sell in May Go Away''. We may exprience the same thing. Sell in may go away may be true for this year..

We will see..

Posted Using InLeo Alpha

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I have also been looking for levels under $55k probably in the case $60k doesnt hold, Im tempted to withdraw some of that HBD I have been accumulating to buy Hive, but it takes 3 days and around that time Im getting some cash too, that would also give me around the end of the week to see how Bitcoin goes, its funny how this scenario was on the horizon but then its always some kind of news that triggers the market, coincidence? 🤷‍♂️✌️

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