Ninjastic
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Board Speculation
Re: Most dangerous Bitcoin monthly closing candle
by
wxa7115
on 31/01/2021, 19:30:09 UTC
Quote from: JohnBitCo on January 30, 2021, 03:52:46 PM


Bitcoin will have the most important monthly candle closing tomorrow. See the big wick in 2017 last green candle and it was end of bull season. In 2019 also, we had a big wick and then a long bear market. This month's candle also have a big wick  Shocked  But bitcoin still have one day and maybe if could pump again to 37-38k, our bull season will remain intact, else is this the signal of end of bull market ?
At the end all possibilities are still on the table, while the monthly candle could mean the end of the bull run there is always the possibility the market consolidates during the next months and then we have a strong close on the last two quarters of this year.

I will admit however that as of right now it seems more likely to see a decrease in the price than an upward movement but everything will depend on how the market behaves during the next months, if the price can remain above 30k then we will be in a great position for a renewed bull market.