Monthly Bullish Engulfing

We will have a bullish engulfing monthly candle if bitcoin simply holds this price for 2 more days.

This candle has engulfed 6 of the highest volume candles ever traded on bitcoin....

Will update in 2 days.

Trend change?

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The last time this happened. or of similar nature i would say, is here at the start of the legendary 2015-2016-2017 bull run.

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And the time before that, the even larger 2012 bull run... this one looks less similar due to only one month being engulfed.

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Each time, there was no chance to buy the lows, ever again.

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Locked in the monthly. So many sidelined peeps going to be rushing to buy soon. There wont be enough bitcoin to go around. Anyone who bought in the accumulation range of 15.5-25k is looking to atleast double their money before taking any profits.

so i would say the stampede will find a few sellers at 31-50k.

MikeMM

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MikeMM