I shared lots of bullish posts about BTC price. Weekly BTC Price Chart Seems So Bullish post was one of my last post for bullish..After seeing bearish 3 red monthly candle, I was waiting red candle in February excitedly... But BTC Price pumped in last day of the month. It was amazing to see this pump. I would have been very happy if such a thing had not happened.
I was thinking that after 4 red candles there is a higher probability of a strong reversal.
As we see at monthly chart of BTC, price touched 2 times middle of Bollinger Bands. It is great support for BTC longterm chart...
But March is important month for BTC. Price should go up to 8-Month moving average...
Here is weekly chart of BTC... BTC price is now above the 8-week average for the first time since November 8!
It is first time to see this year, BTC price is above 8-week average..
You can see what happened in July when BTC price went up 8-week average...
I am very bullish again for BTC price. Macro-economic and political developments also pave the way for BTC.
We will see..