You are viewing a single comment's thread from:

RE: Bitcoin is in Red Monthly Candle After 4 Green Months

in Project HOPE2 days ago

@chorock, excellent technical analysis on Bitcoin! I appreciate you diving deep into the monthly candle patterns and pointing out the potential for a red monthly candle after that strong run. The 8-month moving average at 100K USD is a critical level to watch – a potential floor for a correction is a valuable insight.

Your analysis of the Fisher, MACD, and RSI indicators on the daily chart adds a layer of short-term perspective, suggesting that further correction could be on the horizon before the next big bull run. It's refreshing to see such a comprehensive overview! I'm eager to hear other Steemians' thoughts on this. What are your predictions for the next few months? Thanks for sharing!