This is Martenitsa
Martenitsa is a small piece of adornment, made of white and red yarn and worn from
March 1st until the 22nd March (or the first time an individual sees a
stork or swallow). The name of the holiday is Baba Marta, a Bulgarian tradition related to welcoming the upcoming spring. The month of March, according to Bulgarian folklore,
marks the beginning of springtime. Therefore, the first day of March is
a traditional holiday associated with sending off winter and welcoming
spring.The red and white woven threads are not just meaningless decoration,
but symbolize the wish for good health. They are the heralds of the
coming of spring in Bulgaria and life in general. While white as a
color symbolizes purity and soul, red is a symbol of life and passion,
thus some ethnologists have proposed that in its very origins the
custom might have reminded people of the constant cycle of life and
death, the balance of good and bad, of sorrow and happiness in human
life. Given as an amulet in the period of spring, when nature gets
“reborn” and starts blossoming again it was not only a reminder of that
balance but also a wish for health, strength and happiness.Martenitsi are always given as gifts. People never buy martentsi for
themselves. They are given to loved ones, friends, and those people
whom one feels close to. They are worn on clothing, or around the wrist
or neck, until the wearer sees a stork or swallow returning from
migration, or a blossoming tree, and then removes the Martenitsa and
hangs it on a blossoming tree.

If you want to know more for Martenitsa and our Bulgarian tradition you can see this web address :

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