BTCUSD: If Bitcoin Repeats History? Monthly TD Sequential Red 1

28 Eyl 2019

Part 6: With the month of September coming to close in the coming days on a Monthly TD Sequential Red 1 price flip, October will be critical as to whether Bitcoin's monthly candle will close as a green 1 to break the sequential correction, or continue with another 6-8 red candles - as has happened in 2014 and 2018 during bear markets. Note that the Monthly Red 1 candles immediately preceding ATH have been excluded, as previously only have led to a 1-4 candle correction.

As intriguing is that 4 years have now passed since Bitcoin's 2014 Monthly Red 1 candle that led to the 2016-2017 bull market. Additionally, the monthly RSI has broken down from 60 (bullish) to neutral territory, indicating scope for a 7-9 candle correction.

If Bitcoin Repeats History?

Part 1: Descending Triangle Looking Similar

Part 2: Measuring The Move of the Descending Triangle Breakdown

Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low

Part 4: Extrapolating 2012 Descending Triangle Breakdown

Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario

9 Eki 2019

Not

Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

13 Eki 2019

Not

Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

21 Eki 2019

Not

Part 9: TD Sequential 9 Next Week To Decide Direction?

27 Eki 2019

Not

Part 10: Extrapolating the 50 & 200 Day MA bear crosses

9 Ara 2019

Not

The MACD is on a bear cross for anyone not paying attention: