Bitcoin Price is in 4th Green Month
This is 4th month Bitcoin price is in green candle. We have only seen two successive green candles in last two year. This is great green candles series on Bitcoin price chart.
Here you can see monthly chart of Bitcoin price. There is 25-month moving average is waiting to resist Bitcoin price. There is also 100-week moving average. It may be hard to break up. We may see price correction and breaking up attacks after this time. It is good to see Bitcoin price above 8-month moving average.
Here you can see the indicators on monthly chart of Bitcoin price. Fisher Indicator is on the bottom and reversed up after 4 monthly green candles. MACD Indicator is trying tor reverse up from the bottom.
There is mini downtrend line on RSI Indicator. If we see monthly close above this level, It will break up this mini downtrend line.
Lots of investors are waiting for price correction on Bitcoin price chart. But market maker always makes fake moves. We should be careful to see the direction on the price. We may see huge moves on Bitcoin price chart.
We will see..
Posted Using INLEO
four green months in a row definitely catches your attention after the last couple of years. that 25-month moving average sounds like a pretty stubborn wall to get through though.
El dato de las 25 meses MA esperando arriba me parece lo más relevante del chart, xq históricamente esa media no se rompe fácil. Igual, después de 4 velas verdes consecutivas, ¿no te preocupa que el Fisher ya esté girando antes de que el precio toque esa resistencia?