Bitcoin's Monthly Chart Just Turned Green

in #timm6 years ago (edited)


BTC just closed with a green monthly candle - not a stunner by any stretch of the imagination but up nonetheless. This continues Bitcoins pattern of never printing red more than six months in a row.



Does this mean, the rocket is primed - perhaps not yet but a good sign all the same. I remain a dollar cost average buyer of BTC every week.


https://www.tradingview.com/x/k3nVVc6Y/

The weekly chart remains sobering. Accumulation is the name of the game for the coming months. A drop to $3100 would see me buy-in but below that, the floor is a long way down.

The 'this isn't true capitulation' crowd call for a fall to 1k and indeed there's not a whol lot of support sub $2800. I don't see it staying there long if this were to happen as the fundamentals of BTC have never been healthier.

I've recently posted on just this topic:


Published by Cryptos Decrypted
on

with SteemPress
https://mentormarket.io/cryptocurrencies/cryptos-decrypted/btcs-monthly-chart-just-turned-green/


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Thanks for this!