BTC: The Monthly Chart
A couple weeks ago, I charted a 5 wave pattern in a falling wedge that would bring BTC down to about 22K - 24K.
However, looking at the monthly chart, we can see that BTC has not had a full close under 30K (yet). The interesting part is that the monthly RSI and the percentage drops are identical to March 2020 (60% - 65%).
The question on my mind is, will BTC have a full monthly close below horizontal support like in November 2018, or does this monthly candle look more like the March 2020 situation?
Feel free to share your thoughts.
However, looking at the monthly chart, we can see that BTC has not had a full close under 30K (yet). The interesting part is that the monthly RSI and the percentage drops are identical to March 2020 (60% - 65%).
The question on my mind is, will BTC have a full monthly close below horizontal support like in November 2018, or does this monthly candle look more like the March 2020 situation?
Feel free to share your thoughts.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.