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Fake Moves are on Bitcoin Price Chart

Fake Moves are on Bitcoin Price Chart

There was curve resistance on Bitcoin price chart. I shared an analsis about this curve resistance on Bitcoin price chart. Market maker always made fake moves. Bitcoin price broke up this curve resistance. Even it is broken up, Bitcoin price reversed down and went below this resistance again. Market maker did abother fake move as always.

Here you can see daily chart of Bitcoin price. Bitcoin price is still under resistacen by this curve line coming from 86K USD level. It is going down fast. After this fake move, Bitcoin price reversed down. After this reversing down, Bitcoin price broke down 100-day moving average. 200-day moving average is waiting for Bitcoin price.

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Here you can see the indicators on daily chart of Bitcoin price. Fisher Indicator is still under downtrend line. We should see breaking up this resistance. MACD Indicator needs a few day to touch uptrend line. It is so possible to see supporting uptrend line. There is great downtrend line on RSI Indicator. It is too early to see bullish trend. We should see breaking up this great downtrend line on Bitcoin price chart.

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200-day moving average is waiting to support Bitcoin price. Bitcoin price should not break down this great support line. We should see Bitcoin price supported by this great average.

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okalok1

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