Bitcoin Price Has not Started Price Correction Yet

Even Bitcoin price went down from 107K to 99K after FED meeting results, It is not the beginning of price correction yet. I shared lots of analysis about possible Bitcoin price correction. I tried to warn you about possible price correction on market. Even Bitcoin price is down about 10% from the top.

Here you can see daily chart of Bitcoin. Bitcoin price is still in ascending channel coming from the middle of November. After Bitcoin price went down, It touched the bottom line of this ascending channel. It is supported by this line. If Bitcoin price breaks down this support line, big price correction on Bitcoin price chart will start. So, Bitcoin price has not started price correction yet...

Here you can see the indicators on daily chart of Bitcoin. Bitcoin price broke down great support line on bowl pattern. There is also negative divergence on Bitcoin price chart. Even the top level of RSI Indicators is going down, price is going up. We may see price correction on Bitcoin price chart after looking this datas.

Here is uptrend line as a support on Fisher Indicator. It may be broken down in a few days.
MACD Indciator is at record high level. It is in correction. It is still at high level and need to go down..

All indicators seems bearish and we may see price correction on Bitcoin price chart after breaking down the bottom line of ascending channel.

So, yesterday was only a preparation for big price correction. We may see big price correction in a few days.

I was waiting price correction until Christmas. It is coming..

We will see..

Posted Using InLeo Alpha