4th Monthly Red Candle in BTC Price Chart

[chorock]

BTC price is under pressure with possibility of Ukranie Russia war.. We haven't seen 4 red candles in a row since 2018. This is the first time since 2018...

After 3 monthly red candle, I was sure that we would not see a red candle. Because consadilation might be completed but possibility of Ukranie Russia war made market red again...

It will be nice to see 4th monthly red candle. If we close this month in red, we may be completed the correction...

Here is monthly Bitcoin RSI Indicator chart. There is grear support line on RSI. Monthly RSI is about 55 and the dip of RSI is 47... So close to the dip...

Here is also weekly BTC chart and RSI Indicator touched the great support line!

Weekly and Monthly close are very important for BTC price future!

I believe I will not break down. Support lines will work...

We will see...

Posted Using LeoFinance ^Beta

Comments

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[emeka4]

I believe the price will pump back in a positive note it's just a matter of time

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[arashthr]

monthly RSI looks so bullish. the last time RSI was here, is back to when BTC was in 3500$$ !!

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[jphamer1]

In a shit hits the fan scenario and wall street needs money quickly, i think Bitcoin will see a brutal and insane dump, always have fresh powder on hand for these scenerios it could come at any moment and Bitcoin will suffer the most. I believe it will be so bad that the causes the next cycle up to be the one we had all hoped for this time. At that point all weak hands will be flushed, time will have gone on, nobody from 2017 will be left except the very strong and the market will be in equilibrium.

[tht]

I think BTC will be in a bearish trend throughout the year. I think it will be possible to buy BTC around 20K towards the end of the year.