Bitcoin Monthly Candle Close Colour and patterns JAN UPDATE
January Candle closed GREEN after a RED December close.
This now complicates issues greatly.
Of the previous 7 Green January Candles, 3 were after a RED December
We just created a 4th Green January after a RED December, which was the last December, 2024, current cycle.
From those 3 previous occasions, 2 of those went to a RED February and the 3rd was a close call but just managed to remain Green
Of the 3 RED February we have ever had, every one came after a Green January
Of the previous 7 Green Januaries, we had 4 Green February
The 3 Green Januaries after a RED December, went as follows ;-
The 1st was just after the 2013 ATH and led us down the slope into a Bear. The Following March was also RED
The 2nd was after Jan 2020 and the February closed RED and the March that followed saw a deep dive of near -60% before recovery that eventually led to the 1st ATH in 2021
The 3rd was in 2023 and February Closed Green but only Just and The Following March saw a 40% Rise Green
The other RED February we had was in 2012. This Followed a Green December and January and the March that followed was RED but then the Price went mental and rose to the 2013 ATH
If we are following patterns, we have a higher chance of a RED Feb and maybe March also but from that point on,. we Rise
This would actually be beneficial to Bitcoin PA as the weekly MACD is still OverBought and needs to cool off if we are going to reach for anew ATH in Q3 or Q4 2025
The real question is, are we still following patterns ?
Remeber, this is the BITCOIN chart - If BTC pulls back a bit, the ALTS will Follow
Providing BTC PA remains stable and BTC Dominace decreases, then ALTS have a chance.
But, as I mentioned early last year ( I think it was) Because Bitcoin is now a Corporate asset and seems to be being bought with a view to hold longterm, where will the Liquidity to finance an ALT Season come from ?
I think the ALT seasons we all remember are highly unlikely to return and I will explain why in a post I am currently building up where I will do the Monthly ccandle close colours for TOTAL and OTHERS Market Caps
Just got to find the time to finish them
Stay safe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.