Bitcoin - First time in 4 months that I'm turning bullish!

Though I'm not 100% bullish yet, I can honestly say that this is the first time in 4 long months that the charts are showing me some positive signs of turning bullish.

Here's what I see:

#1 - A break above the top of our long 4 month down-trending BLUE channel. This is the first time BTC has made this break. Barely, but the green shoots of BTC spring are showing.

#2 - Our long-trending (+1yr) BLACK support has NOT been broken. This has held us up since MARCH 2017.

#3 - We broke back above our 300 day moving average. This can now act as strong support for us.

I think that this is the first time since December I have able to list at least 3 strongly positive signs that may be showing us Bitcoin may be starting to turn.

Keep in mind, longer term trends needs a longer turning radius. I don't believe we will just turn on a dime. But if we can keep from re-entering this bearish channel, it is definitely a positive sign for good old BTC.

The one thing we need to keep a close watch on this weekend is a re-entry back into the bearish channel. We still have not really had good confirmation on the daily that we are completely out of our bear channel. I believe if we are to completely clear this bear channel, BTC must break back above that 54 resistance on the RSI. And, we need a close above 7.9k and the close of Sunday's candle to stay above 7.8k for this confirmation.

My sentiment remains neutral to cautiously optimistic at this point. Starting to turn bullish.

Peace and happy trades my crypto friends.