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

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
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

Oct 09
Comment: Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross

Oct 13
Comment: Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern

Oct 21
Comment: Part 9: TD Sequential 9 Next Week To Decide Direction?

Oct 27
Comment: Part 10: Extrapolating the 50 & 200 Day MA bear crosses

Amazing!! Good job
+1 Reply
@AltonEast, Thanks for support :-)
+1 Reply
@pegaz, Thanks for support :-)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out