BITCOIN The simple 'Red Month' rule. Last chance to buy?

Well Bitcoin closed April in red. Still the loss has been minimal for BTC standards, especially considering the wild bull run it has been on since last year.

A few interesting facts:

* That was the first red month since September 2020.
* Sept 2020 was the last red month below the All Time High (ATH) of the previous Bull Cycle.
* During the previous Bull Cycle and BTC's parabolic run (as Parabolic Phase I mainly consider the run after the prior ATH has been broken), the last red month below the ATH was a GREAT buy opportunity before the Parabola. The 1st red month above the ATH was the LAST buy opportunity on the monthly scale that BTC offered.
* During the 2013 Run however, even though the last red month below the ATH was again a great buy opportunity, the 1st red month above the ATH was followed by a second. Still that was the last buy opportunity on the monthly scale that Bitcoin offered on that Cycle.

Will April mark the last red month of this Parabolic Phase or will May join to make it two straight as in 2013? In either case, do you also believe that this is a great, if not the last, buy opportunity that BTCUSD will give on this Phase? Feel free to share your work and let me know in the comments section!



Please like, subscribe and share your ideas and charts with the community!

--------------------------------------------------------------------------------------------------------

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView

--------------------------------------------------------------------------------------------------------