If you take a look at a monthly chart, to expect bitcoin to come back some 40-50% wouldn't be a surprise to many as it has given up as much as 80% of past bull rallies. It would be a great opportunity for the market makers to create themselves a whale of an opportunity. I would approach this market with caution and setting stops. Not financial advice.
Trade active
I'm looking for 3 red monthly candles to make the move.Note
96,441 is the previous monthly close. If we close below this number then we will get our first RED monthly candle in my predicted pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.