Bitcoin price will close the month below 8-month moving average. It is one of important signal for being on up or downtrend. You can see what happened after going up and down this moving average.. Even Bitcoin price will close below this average, It is still on the middle line of Bollinger Bands.. It is one of good thing to continue the uptrend..
Even Bitcoin price chart seems bearish, good days are coming soon!
I shared lots of analysis about Bitcoin price chart. Most of them were bearish. I will change my analysis to bullish. but I still need time to change..
Here you can see monthly chart of Bitcoin. I drew the possible move of the middle line of Bollinger Bands. It is great support for Bitcoin! I think we will touch there before bullish season...
Here you can see the indicators on Bitcoin price chart. Tomorrow is the first day of the new month. We will get a new candle. Fisher Indicator is on the top. It need correction.
MACD Indicator tocuhed the resistance. It touched the level of 2021. So. we need lots of months for correction..
But there is still bullish signals on monthlt chart of Bitcoin. There is uptrend line on RSI Indicator. Bitcoin need a red monthly candle to touch there to be supported! If this happens, we will see support on Bitcoin price chart, Bitcoin will try to make new all time high!
So, It is possible to see new red candle on in next month. I will flow all my cash to market after this support...
As I said, Even there is bearish signals on Bitcoin price chart, Bullish scenario started to appear..
I will change my post as bullish.. September will be pick up month for me.
We will see..
Posted Using InLeo Alpha
