Bitcoin

Bitcoin Monthly Candle Colour Close since 2011 - looking forward

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May Closed GREEN, and We are currently on a Very small Green candle for the month open.
Last month, in this series of monthly charts posts, I mentioned this..
"On only 2 occasions have we had a GREEN JAN, RED FEB, RED MARCH, GREEN APRIL
And Both of them were on the way to ATH. ( Arrows )
On both those occasions we had a GREEN MAY, though the gains were minimal and one was followed by a Green June and the other by a Red June."
And we just closed May with a minimal GREEN candle.
This is important to understand, This month, we have a 50/50 chance of repeating the Green June candle in this pattern.

Outside of this pattern, The previous MAY closes, 7 Green to 6 Red.
Of the 7 Green, 5 were followed by a Green June
With this, we have a higher % chance of a Green June

Of All previous June Closes, we had 7 Green to 6 Red.
Of those 7 previous Green June Closes, 3 were followed by GREEN July

Of the 6 previous RED Junes, ALL were followed by GREEN July
With this in mind, we maybe in a better position if we did close June with a small RED candle, as we did in the 2020 sequence ( right hand Arrow)

Should we close June RED, I will then expect a fairly level summer period with PA beginning to start moving again around September / October

Bitcoin PA is in an excellent position to move higher now though. It is also in an excellent position to move away from previous cycle patterns and begin creating new one.
We do have to remain vigilant as markets are moving everywhere and Macro conditions could change rapidly
But the one thing that seems to remain static is that it is a VERY GOOD IDEA to Buy Bitcoin and HOLD IT

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