Bitcoin Monthly Candle Close Colours since 2011 -UPDATE
We had a lovely November Green candle close, as expected after the sequence mentioned last time I posted this chart, that seems to be following the 2013 - 2017 BTC Fractal.
But whats coming in December then ?
To date, we have had 7 Green December closes, to 6 Red
Of those Red candles, only 2 were Red after a Green November. and they were in 2013 and 2014 and that was the first 2 years after the ATH, in that Bear
In the years that I believe we are following, currently 2015 and 2016, The Green November was followed by Green December. This happened in 2023 also.
To remind you, The candle colours since August have all matched those years and they are the only years that sequence of colours occurred in those months.
So, if we continue to follow, we will get a Green Dec, possibly a new high but Jan is highly likely to be Red, as in 2015, 2016
January 2023 was green but only just as we saw the battle between Bulls andBears fight it out.
There are no guarantees here and we will have to wait and see where we go
On average, December is a 50/50 shot of either if we look at the basic chart numbers.
But if we continue to follow that Fractal mentioned earlier, we can expect Green December but a Draw back in January
Time will tell.
But whats coming in December then ?
To date, we have had 7 Green December closes, to 6 Red
Of those Red candles, only 2 were Red after a Green November. and they were in 2013 and 2014 and that was the first 2 years after the ATH, in that Bear
In the years that I believe we are following, currently 2015 and 2016, The Green November was followed by Green December. This happened in 2023 also.
To remind you, The candle colours since August have all matched those years and they are the only years that sequence of colours occurred in those months.
So, if we continue to follow, we will get a Green Dec, possibly a new high but Jan is highly likely to be Red, as in 2015, 2016
January 2023 was green but only just as we saw the battle between Bulls andBears fight it out.
There are no guarantees here and we will have to wait and see where we go
On average, December is a 50/50 shot of either if we look at the basic chart numbers.
But if we continue to follow that Fractal mentioned earlier, we can expect Green December but a Draw back in January
Time will tell.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.