It seems everything is looking pretty good since #BTC raged through the 200 weekly moving average last month. It's clear that this level has been the most important resistance for Bitcoin in its entire history and I'm surprised with the level of momentum and should I say ease at which this was broken? Lol. For more details on what I'm talking about, read here
It seems that remains true for all Crypto out there. There's been a significant increase since February, perhaps due to the banks collapsing right and left and other financial crisis out there and people are starting to believe in Crypto? Or due to the FED printing more money lately- Thanks to Jerome Powell😂.
Even #HIVE has seen good recovery or signs of a fantastic move to the upside. Looking at the last Monthly close on #HIVE, in my opinion it only says one phrase "Moon time"👀.
January had a bullish engulfing candle which is a telling sign that the first half of 2023 would be great. That was the turning point for #HIVE seeing the Stochastic RSI moving up. After March's monthly close, the Stochastic RSI on the monthly closed above the 20 level. This confirms the bull run. In other words, the bear 🐻 market is over guys. And I'm sad a little bit because of the massive buy opportunity many months ago.
In conclusion... April is going to be a green month due to the facts in the charts. Also, most of the prices you're seeing today might not be seen again forever- Just like #BTC at $4,000 in 2020.
Note: This is not a financial advise. I'm only posting what I observed. It's for educational purpose and if you wanna YOLO your cash, do your own research.
Do have a fantastic weekend. I'll catch you next time 💐