Yesterday was the last day of the last month. We have seen 3 successive monthly green candles on Bitcoin price chart after monthly close. Bitcoin price started with green candle in next month. this is 4th monthly green candle on Bitcoin price chart.
Here you can see monthly chart of Bitcoin price. We have seen successive monthly green candles after reversing up from bearish season. We have seen 4 successive green candle after reversing up from the bottom in last bearish season. We have seen also 6 successive monthly green candle in 2019 while reversing up from the bottom of bearish season. So we may see 4 successive monthly green candle in this reversing up.
Here you can see the indicators on monhtly chart of Bitcoin price. There is great downtrend line on RSI Indicator. MACD Indicator is close to reverse up. If we see more monhtly green candle, MACD INdicator will reverse up. We have seen same scenario on crypto market. We can follow these indicators to see what happened before. We may see the same scenario as before. After these successive green monthly candles, we may see price correction on Bitcoin price chart.
We may see the price correction at the end of this month. I will share daily analysis of Bitcoin price chart point these possibility.
We will see..
Posted Using INLEO
