Bitcoin Health-Monthly Check

In this none time based chart, a couple of point to point out as followed:

Bitcoin Health- Still in Bearish territory ( as shown by the MA on the chart) , However some encouraging indications that bigger players might be entering the market, as seen on the bottom indicator as the red bars approaching the MA black line historically this is a signal of strength coming into the market with intention of moving the market up, is an early indication. Also we can see on the first indicator that momentum is gaining traction to the upside which correlates with the bottom indicator. MACD closing the gap with the signal line, another confluence signal, that we could be moving to the upside. I would expect to see the price to move to close to 56K, which at that stage another analyse can be formulated.

CHART DISCLAIMER:
THIS CHART IS NONE TIME BASED CHART AND SOLO FOCUS ON PRICE MOVEMENT.

DISCLAIMER:

I use several technical analysis and as such this is subject to my own interpretation of the signals, this does not constitute any form of advice for investment. Am not a qualified investor advisor.