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Bitcoinmonthlyclose

BITCOIN Monthly Candle close patterns since 2011 - APRIL CLOSE Again, we got the expected Monthly Close, This time GREEN April is traditionally a Strong Green Month, now with 9 Green Closes to 5 RED - Nearly twice as many Green to Red. MAY is a different story, Nearly 50 / 50 previous closes with GREEN having an advantage of 1. BUT, With April closing Green after the previous months closes, things do look positive. On only 2 occasions have we had a GREEN JAN, RED FEB, RED MARCH, GREEN APRIL And Both of them were on the way to ATH. ( Arrows ) On both those occasions we had a GREEN MAY, though the gains weer minimal and one was followed by a Green June and the other by a Red June. We have had 4 occasions with a MARCH RED, APRIL GREEN, MAY GREEN Of the previous 9 GREEN April Closes, 5 were followed by a Green June And of those 5, 2 were followed by consecutive Green candles closes for the following Months. Though in 2020 sequence ( 2nd Arrow) after a GREEN May close, you can see the candles were not big and we had Red Green Green Red for 4 months then went Green consecutively. Of the previous 7 Green MAY candles, 4 were Bigger than the previous month candle. I am more inclined to look at the 2020 sequence in this for now and yet, at the same time, as posted in another chart, I am also still looking at the lead up to the 2017 ATH and for this to continue, we need a Bigger GREEN MAY close this month. There is a very strong line of resistance just over head. Currently, at time of writing, The opening MAY candle is GREEN but only just This month is CRUCIAL
BITSTAMP:BTCUSD
by Orriginal
Bitcoin Monthly Candle close colour patterns since 2011We got the expected RED March close but it was a close thing. but, this creates better Odds for a continued push to ATH. We have had only 3 occasions when we had a Green Jan, Red Feb, Red March ( arrows) 2 of those went on to an ATH the following Year ! The other one was entering a Bear Market. Of the previous 7 RED March Closes, 5 were followed by a Green April And of those 5, 4 were followed by consecutive Green candles closes for the following Months. As you can see, April, May and June do have more GREEN closes than Red on average but May and June is near 50/50 It could be said that March Candle close was a "Spinning Top", showing in-balance / indecision in the market. This is possibly driven by Macro events. We had a similar situation in 2012 and April was Green, as were the following months. We had 2 other occasions with small Red candle bodies in March, both were Hammer Candles, one inverted, that led to a red April, the other was not and let to a green April. The March close we just had, had a Long Upper Wick. To me, this shows the BEARS had the upper hand, keeping driving down. And thats OK, PA needed to reset but we now need a GREEN April Statistically, April should close Green - We currently have a Score of 8 Green to 5 Red month closes for April. April seems to have opened GREEN and I hope to see it close that colour though we do need Caution Because of the Colour sequence over recent months, there are not many comparisons to use.
BITSTAMP:BTCUSD
by Orriginal