Please, go long on Bitcoin!

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  1. Bollinger band: Both the 4-hour and Daily Bollinger Bands have curled upward.



  2. Support & Fakeout: There was a fear-inducing dip on March 3rd, but it successfully found support at the 4H 20MA and is now bouncing back.


  3. Breakout: Strong buying pressure over the past 24 hours has broken through the parallel channels that previously acted as resistance.



  4. Dow Theory: Following Dow Theory, the price has maintained a higher low and successfully broken out to a higher high.


  5. RSI: The RSI is above 50 on all timeframes below 4 hours, and both Daily and Weekly RSIs are trending upward.

  6. Weekly Candle: With the new weekly candle open, there's a high probability it will close as a bullish (green) candle, considering the long lower wicks seen in previous weeks.

  7. Monthly Candle: The monthly candle has also refreshed, and the February monthly candle is forming a shape with a long lower wick (tail)

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