Montly Bitcoin Monthly close colours since August 2011
Please find the monthly chart i have been posting on Trading View and X ( not for much longer) and now on PRIMAL on NOSTRA,the new World.
The Monthly Close Colours of Bitcoin since August 2011.
These historical sequences can normally lead to an understanding of "Flow".
However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market, there is influence.
So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours.
This month will close RED it seems and There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September following.
All 3 occasions could be said to have been in a BEAR.
HOWEVER, I have said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle closed red after months of near static Range PA, as we have just had,..The following September was a small green candle but we then carried on to the 2017 ATH.
( August 2016 also closed RED with a Green September following.)
Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin.
We will find out in the next few weeks if they are Valid or not.
The Monthly Close Colours of Bitcoin since August 2011.
These historical sequences can normally lead to an understanding of "Flow".
However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market, there is influence.
So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours.
This month will close RED it seems and There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September following.
All 3 occasions could be said to have been in a BEAR.
HOWEVER, I have said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle closed red after months of near static Range PA, as we have just had,..The following September was a small green candle but we then carried on to the 2017 ATH.
( August 2016 also closed RED with a Green September following.)
Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin.
We will find out in the next few weeks if they are Valid or not.
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