Bitcoin Monthly Candle Colour Close and patterns since 2011
First of All HAPPY NEW YEAR TO YOU ALL
And I think we will see an excellent year for Bitcoin.
But, for now, we walk into slightly uncharted territory
Previous JANUARY candle colours are 7 GREEN and 6 RED.
The previous DECEMBER was the same score but now, As December closed RED, it is now 7 all.
Of the previous 7 Red Decembers, only 3 were followed by a Green January.
the 1 st was the month after the 2013 ATH but the other 2 were in 2020 and 2023, both of which were en-route to ATH, so the odds are that we Could be in a good place.
But do understand that in 2020, Feb and March were Bloody and Frb 2023 was a close call but just managed to remain Green.Given how overbought the weekly MACD is , this may happen again.
We have had a RED January after a RED december on 3 occasions also and PA levelled out after that with a GREEN February on each occasion. 2 of those eventually led to rises over all and one, in 2022, we went into the bear market after an attempt in Spring to climb higher.
For me, I think we are still following that 2013 - 2017 ATH Fractel and this is , to some extent, backed up by the inverted Red Hammer Candle ( only just )
https://www.tradingview.com/x/kbwyuJF5/
This is technically a ~BEARISH sign and if we follow the Fractel, we are expecting a Drop in Janaury down to around 88K - 72K
https://www.tradingview.com/x/wjxgM61s/
If this happens and I repeat, IF this happens, it is an excellent buying opportunity and possibly the last one below 100 K ever.
It has to be said that Nothing is set in stone and "patterns" can be broken and we are certainly in times were things can change and quickly, so, Have an idea of what you will do in any situation and stick to that idea.
If we are continuing to follow previous cycles, 2025 is the year we attain a new End of Cycle ATH and there are a wide variety of ideas of that will be.
But in the back of my head, I am wondering if we have accelerated the PA. We reached a New ATH in the 3rd year of 4 year cycle.
Only Time will tell whats nexrt but lets be ready for it
Stay Safe and healthy
And I think we will see an excellent year for Bitcoin.
But, for now, we walk into slightly uncharted territory
Previous JANUARY candle colours are 7 GREEN and 6 RED.
The previous DECEMBER was the same score but now, As December closed RED, it is now 7 all.
Of the previous 7 Red Decembers, only 3 were followed by a Green January.
the 1 st was the month after the 2013 ATH but the other 2 were in 2020 and 2023, both of which were en-route to ATH, so the odds are that we Could be in a good place.
But do understand that in 2020, Feb and March were Bloody and Frb 2023 was a close call but just managed to remain Green.Given how overbought the weekly MACD is , this may happen again.
We have had a RED January after a RED december on 3 occasions also and PA levelled out after that with a GREEN February on each occasion. 2 of those eventually led to rises over all and one, in 2022, we went into the bear market after an attempt in Spring to climb higher.
For me, I think we are still following that 2013 - 2017 ATH Fractel and this is , to some extent, backed up by the inverted Red Hammer Candle ( only just )
https://www.tradingview.com/x/kbwyuJF5/
This is technically a ~BEARISH sign and if we follow the Fractel, we are expecting a Drop in Janaury down to around 88K - 72K
https://www.tradingview.com/x/wjxgM61s/
If this happens and I repeat, IF this happens, it is an excellent buying opportunity and possibly the last one below 100 K ever.
It has to be said that Nothing is set in stone and "patterns" can be broken and we are certainly in times were things can change and quickly, so, Have an idea of what you will do in any situation and stick to that idea.
If we are continuing to follow previous cycles, 2025 is the year we attain a new End of Cycle ATH and there are a wide variety of ideas of that will be.
But in the back of my head, I am wondering if we have accelerated the PA. We reached a New ATH in the 3rd year of 4 year cycle.
Only Time will tell whats nexrt but lets be ready for it
Stay Safe and healthy
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