Decodingthemarket

(BTCUSD) Geometry of the Bitcoin Digital Currency Network

Long
BITSTAMP:BTCUSD   Bitcoin
April Bitcoin Monthly Returns(%)
Any similarities between strong resistance level and Leonardo Da Vinci's Vitruvian man art?
"Strong Resistance / Vitruvian Man Head"
The percentages shown are for the wick only
If you followed my idea I published on March 15,
I Mentioned that
"if the price continues to rise and the candle closes solidly, I certainly expect a substantial price drop the next month (April)"
April Drawdown was 27.80 % đź‘Ťđź‘Ť
OK, GOOD, VERY WELL, AND EXCELLENT
Will be a healthy Drawdowns to continue the uptrend
Price Reductions were taken from February till recent days using Fibonacci Retracement along with Bullinger Bands
Weekly candle is in a very good shape to continue the uptrend
But, The Monthly Candle need to continue cool down

April in average from 2013- 2020 is Bullish
But not this year!

Bitcoin Monthly Returns(%)
April
2021 -1.98%
2020 +34.26%
2019 +34.36%
2018 +33.43%
2017 +32.71%
2016 +7.27%
2015 -3.46%
2014 -1.60%
2013 +50.01%

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