Bitcoin Monthly Candle Close Colours since 2011
First, OCTOBER IS THE FIRST MONTH INTO DOUBLE FIGURES AS A GREEN CANDLE CLOSE SINCE 2011 - 10 Octobers in the last 14 years - Pretty good average ;-)
So ->
The Arrows -> We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th.
To me, this backs up the idea that PA is following the 2013 - 2017 Fractal. This is superimposed on chart from Nov 2021 as yellow Bars
The Candle sizes are
2015
August -30% Sep +18% Oct +41%
2016
August -26% Sep +14% Oct +24%
And so now we move over to what is happening in this cycle
2023
August -16% Sep +14% Oct +37%
2024
August -23% Sep +30% Oct +30%
The numbers are not exactly the same and, infact, the 2024 figures blow the others out the water from September......but there is a trend there to be seen until Sep 2024 comes in.
Maybe wishful thinking and how the next 3 Monthly candles Close will confirm or deny this idea.
But it has to be said, the PA has followed the Fractal from Nov 2021 to now pretty accurately..as can be seen on many previous Posts
IF we are doing this 2013 - 2017 Fractal, we have a clear Run to a New ATH by end of 2025 or just after, with intermittent RED months while PA catches its breath, like in Jan 2017
It should be Noted that a GREEN October Close does NOT always lead to a Green November.. So we need to continue to watch carefully.
So ->
The Arrows -> We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th.
To me, this backs up the idea that PA is following the 2013 - 2017 Fractal. This is superimposed on chart from Nov 2021 as yellow Bars
The Candle sizes are
2015
August -30% Sep +18% Oct +41%
2016
August -26% Sep +14% Oct +24%
And so now we move over to what is happening in this cycle
2023
August -16% Sep +14% Oct +37%
2024
August -23% Sep +30% Oct +30%
The numbers are not exactly the same and, infact, the 2024 figures blow the others out the water from September......but there is a trend there to be seen until Sep 2024 comes in.
Maybe wishful thinking and how the next 3 Monthly candles Close will confirm or deny this idea.
But it has to be said, the PA has followed the Fractal from Nov 2021 to now pretty accurately..as can be seen on many previous Posts
IF we are doing this 2013 - 2017 Fractal, we have a clear Run to a New ATH by end of 2025 or just after, with intermittent RED months while PA catches its breath, like in Jan 2017
It should be Noted that a GREEN October Close does NOT always lead to a Green November.. So we need to continue to watch carefully.
Uwaga
I was wrong BTW, FEB was the foirst to get to 10 - Sorry
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