Weak Monthly Green Candle on Bitcoin Price Chart After 5 Red Candles

This is the last day of the month. We will see monthly close today. There are successive 5 red montly candles on Bitcoin price chart. even Bitcoin price got green monthly candle, it is weak green candle. It may not be enough for reversing up.

Here you can see monthly chart of Bitcoin price and the indicator. Fisher Indicator is going down. It needs a few monthly candle to reverse up. MACD Indicator is in correction. We need a few months to complete this correction.

This is the last day of Q1. Here you can see 3-month candle of Bitcoin price. Bitcoin price got 2 successive 3-month red candle. It is great signal for reversing the trend. Bitcoin price is below 8x3month average.

There is Fisher Indicator on this chart. It reversed down from the top. You can see what happened after reversing down from the top. We may see the same scenario on Bitcoin price chart. If we see more red candles on this chart, MACD Indicator will reverse down and enter bearish zone. This is the worst scenario for Bitcoin price chart.

So, monthly and quarterly chart of Bitcoin price seems beairsh. We need to see more monthly green candles on Bitcoin price chart. I am waiting for market crash on stock markets in April.

We will see.