This 7th week after 6 successive weekly red candles on Bitcoin price chart. Bitcoin price got only 5 weekly green candles after all time high. We have seen 16 weekly red candles in this time. 1/3 green/red ratio is on Bitcoin price chart. Yesterday was the last day of the week and Bitcoin price closed the week with weekly red candle.
Here you can see weekly chart of Bitcoin price. The height of weekly candles are descreasing. We may see green candles in this week or next weeks. But There is 9 successive weekly red candles series in 2022. Bitcoin price made this series during the last bearish season. We may see the same scenario.
Here you can see the indicators on weekly chart of Bitcoin price. MACD Indicator is at all time low level. We may see reversing up on this indicator in a few weeks. If we see green candles on Bitcoin price chart, we will see reversing up on this indicators. There was great support line on RSI Indicator, It is broken down. This is why Bitcoin price made this successive weekly red candles series. There is also great resistance on this indicator. Bitcoin price will in bearish season during being under this resistance.
So, It is possible to see 9 successice weekly red candles on Bitcoin price chart. During WW3, It is possible to see this weekly red candles series as 2022.
We will see..
