Bitcoin Price Got Two Successive Monthly Green Candles
There are two monthly successive green candles on Bitcoin price chart. It is important green candles series. Bitcoin price should continue these green candles series.
Here you can see monthly chart of Bitcoin price. We have see two successive monthly green candles on Bitcoin price chart. After these green candle series, we have seen two successive red candles. This is why I said it is important for see third monthly green candle. If not, we will see two or more monthly red candles on Bitcoin price chart.
Here you can see the indicators on monthly chart of Bitcoin price. MACD Indicator is close to the bottom. It may reverse up in a few months. If we see more monthly green candles on Bitcoin price chart, we will see reversing up on MACD Indicator. If not, we will see MACD Indicator below 0 level.
Fisher Indicator reversed up from the bottom. It may continue to go up.
There is one of bullish signal on 8-month moving average. Bitcoin price closed the month above 8-month moving average which is one of great signal for long term.
So, This is so important month for Bitcoin price. We should see green monthly candles on this month. If not, we will see more monthly red candles on Bitcoin price chart in this year.
We will see..
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!Pakx
Hey my friend! Great technical update on BTC! Watching those higher timeframes like the monthly chart is so crucial for catching the macro direction of the market. Getting that third monthly green candle would definitely confirm stronger bullish momentum and help build confidence across the crypto space. Always good to keep an eye on key chart setups like this. Thanks for sharing this market analysis, mate!