Bitcoin Monthly Time Frame Update

Bitcoin / DollarBitfinex

Description

⋅ Mar 2, 2019 12:34 AM

Looking at Bitcoin on the monthly time frame, we have the potential for a positive month.

Last months candle closed as an inverted hammer, which also fully engulfs the previous candle.

The MACD histogram seems to have peaked to the bear side and is starting to curve. I drew an arrow to mark the potential move.

MACD:

The RSI hit an all-time low in January and has the potential to move up.

RSI:

This update is for my Bitcoin Remains Above EMA50 + Weekly TF Update + Altcoins post.

You can find it here:

Make sure to hit like.

Namaste.

Comments

InvestingScope

⋅ Mar 3, 2019 11:06 AM

Solid long term overview Alan. Oversold MACD and RSI, both with great potential to start reversing. Given some time this can be a trend change according to our latest long/ short spec analysis. Have a look and share your thoughs:

AlanSantana

⋅ Mar 3, 2019 11:08 AM

@InvestingScope, Going to take a look at it, thanks for share.

fract

⋅ Mar 2, 2019 3:53 PM

check this out