#Bitcoin Still following 2013 Fractal and Monthly Colour Candles
That is the Bitcoin chart since the 2013 ATH to now and, as the arrows show, PA is currently following a Very similar Path since The ATH in Nov 2021.
The position we are currently in is shown in more detail below
https://www.tradingview.com/x/QaB7cD9Z/
This shows that in 2013, we had a -35% pull back, the last week of which was a Sharp drop and recovery.
The Current total pull back is -25%
June was where we may expect PA to start its steady rise if we continue to follow this Fractal.
Going back to the Monthly,
https://www.tradingview.com/x/0DCJYyrB/
Monthly Candle Colours for Bitcoin -MAY
Since 2012, May has Closed 50-50 Bull Bear.
6 Red and 6 Green.
Only on 3 occasions have we had a RED MAY after a RED April, 2015, 2021 & 2022. The last 2 are in a Bear Market,..
So, The Odds say that May could be a better month than April and it may be a 50 50 for the month after ( June).
And on 5 occasions we have had a RED June After the MAY Close of any colour compared to the 7 Green
But it should be remembered that we have a very different environment for #Bitcoin these days. Anything can happen.
But, despite that, we are following this Fractal and so we need to keep our ideas open to all possibilities.
To conclude - The Fractal shows use that from June we can begin a Slow climb in PA till we get towards the end of Year, when we will begin the Bull Market properly.
The previous May and June candles show us that we have a better chance of Green than Red but it will be close.
I cannot wait to see how this plays out
The position we are currently in is shown in more detail below
https://www.tradingview.com/x/QaB7cD9Z/
This shows that in 2013, we had a -35% pull back, the last week of which was a Sharp drop and recovery.
The Current total pull back is -25%
June was where we may expect PA to start its steady rise if we continue to follow this Fractal.
Going back to the Monthly,
https://www.tradingview.com/x/0DCJYyrB/
Monthly Candle Colours for Bitcoin -MAY
Since 2012, May has Closed 50-50 Bull Bear.
6 Red and 6 Green.
Only on 3 occasions have we had a RED MAY after a RED April, 2015, 2021 & 2022. The last 2 are in a Bear Market,..
So, The Odds say that May could be a better month than April and it may be a 50 50 for the month after ( June).
And on 5 occasions we have had a RED June After the MAY Close of any colour compared to the 7 Green
But it should be remembered that we have a very different environment for #Bitcoin these days. Anything can happen.
But, despite that, we are following this Fractal and so we need to keep our ideas open to all possibilities.
To conclude - The Fractal shows use that from June we can begin a Slow climb in PA till we get towards the end of Year, when we will begin the Bull Market properly.
The previous May and June candles show us that we have a better chance of Green than Red but it will be close.
I cannot wait to see how this plays out
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