History and forecast of the monthly BTC chart
When considering the monthly price chart for BTC + if we consider that this a bull market, then I came to two conclusions:
Conclusion: yes, maybe anything and history does not always repeat one-on-one, but most likely we are in a bull market and according to probability theory we rely on - there can be a maximum of 2 red monthly candles. Personally, as a long-term investor, the rest is not very interesting for me - I just enjoy the trip and wish all market participants the same.
This is not financial advice, it is a pleasant game of probability theory.
- Between After the market reversal in 2015 and the end of the bull rally in 2017, the monthly candles closed 5 times one by one between green candles and only 1 time we had a presence of 2 red months on the market.
- For a long time at the MACD there was an intersection on the monthly chart - as it was at the beginning of the bull rally in 2015.
Conclusion: yes, maybe anything and history does not always repeat one-on-one, but most likely we are in a bull market and according to probability theory we rely on - there can be a maximum of 2 red monthly candles. Personally, as a long-term investor, the rest is not very interesting for me - I just enjoy the trip and wish all market participants the same.
This is not financial advice, it is a pleasant game of probability theory.
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