Bitcoin price is going up slowly while stock market was waiting for ceasefire negotiations. Bitcoin price solid while stock market reversing down from the top. Bitcoin price was in an ascending channel and It is going up with this channel.
Here you can see daily chart of Bitcoin price. There is mini uptrend line on Bitcoin price chart. Bitcoin price touched this uptrend line 3 times. It is getting stronger after supported Bitcoin price.
Bitcoin price should be above this uptrend line. If it breaks down, we may see market crash.
It is important to be in ascending channel. Bitcoin price should stay in this channel during WW3.
Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is on the top and trying not to reverse down. There is uptrend line on MACD Indicator. If we see reversing down on Fisher Indicator, MACD Indicator will reverse down and break down mini uptrend line.
RSI Indicator broke up great resistance. We have not seen great bullish moves on Bitcoin price chart. There is also mini uptrend line on RSI Indicator. If we see daily red candles on Bitcoin price chart, RSI Indicator may break down mini uptrend line.
So, We may enter another bearish trend for stock market after updates on WW3. I am waiting price pump on Brent price. It will effect all stock and crypto market.
We will see the results..
Posted Using INLEO
