Bitcoin Monthly Candle Closes - First time THIS has happened.
Vertical linesa show Previous and Current JULY monthly Bitcoin Candles
Currently we have a RED July Candle and that follows on from a RED June Candle.
This has Never happened before now.
But what is VERY interesting is the repeating pattern from just last year, that may or may not play out.
https://www.tradingview.com/x/B978eCME/
In the Circle, we have a run of Green months, starting in Jan 2023 to April. From there, we had a Red Green Red Red months from May to August and from September, we Rose with consecutive Greens.
Could we be playing a Simialr pattern right now ?
We Rose Green for consequtive months and we have since then, done a Red Green Red and Currently on Red.
And with all expectations for August / September being a Time for PA to Turn around, this would repeat that pattern.
But we need to be Very Cautious,
Things are changing elsewhere. And with possible Rate Cuts in September, the Flow of money will change but we just cannot be certain to where....
But Bitcoin is Certainly in a Strong position, providing it doesn't get sabotaged........
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