This is 17th months that Bitcoin has not get 2 consecutive monthly red candles. Bitcoin price is in still bullish trend. We have not seen consecutive monthly red candles. Here you can see monthly chart of Bitcoin. You can see what happaned after seeing consecutive montly red candles on Bitcoin price chart. It may be possible to see red montly candle in Bitcoin price chart. Crypto market has huge volatility. If Bitcoin price chart gets more monthly red candles, I can not imagine how crypto market will go down..
We will see consecutive monthy red candles in this year. When we see, Bitcoin price chart will enter bearish season. It may be the signal of entering bearish season.
Here you can see the indicators on monthşy chart of Bitcoin. Fisher Indicator is on the top and ready to reverse down. MACD Indicator is also on the top and ready to reverse down. If we see 2 consecutive monthly red candles on Bitcoin price chart, these indicators will reverse down. This is why I said, we may enter bearish season. Consecutive Monthly Red Candles are coming soon. We should be careful about this candles. They will be the proof of bearish season.
As I said, I can not imagine how market will go down when we see these red candles. Crypto market has huge volatility now. Lots of altcoins are at all time low level. Something huge coming for crypto market.
We will see..
Posted Using INLEO
So bull finished ?
Congratulations @chorock! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 46000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
good news!