Please find below, the monthly chart i have been posting on Trading View and X ( not for much longer) and now Here, in the new World.
The Monthly Close Colours of #Bitcoin since August 2011. These historical sequences can normaly lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market.
So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours.
There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September also.
all 3 occasions could be said to have been in a BEAR, the last 2, near the end.
HOWEVER, I haqve said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle sloced red after months of near static Range PA, as we have just had,..September was a small green candle but we then carried on to the 2017 ATH.
August 2016 also closed RED with a Green September following.
Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin.
We will find out in the next few weeks if they are Valid or not.
