Decodingthemarket

(BTCUSD) Geometry of the Bitcoin Digital Currency Network

Long
BITSTAMP:BTCUSD   Bitcoin
April Bitcoin Monthly Returns(%)
Any similarities between strong resistance level and Leonardo Da Vinci's Vitruvian man art?
"Strong Resistance / Vitruvian Man Head"
The percentages shown are for the wick only
If you followed my idea I published on March 15,
I Mentioned that
"if the price continues to rise and the candle closes solidly, I certainly expect a substantial price drop the next month (April)"
April Drawdown was 27.80 % 👍👍
OK, GOOD, VERY WELL, AND EXCELLENT
Will be a healthy Drawdowns to continue the uptrend
Price Reductions were taken from February till recent days using Fibonacci Retracement along with Bullinger Bands
Weekly candle is in a very good shape to continue the uptrend
But, The Monthly Candle need to continue cool down

April in average from 2013- 2020 is Bullish
But not this year!

Bitcoin Monthly Returns(%)
April
2021 -1.98%
2020 +34.26%
2019 +34.36%
2018 +33.43%
2017 +32.71%
2016 +7.27%
2015 -3.46%
2014 -1.60%
2013 +50.01%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.