Looking at the monthly chart, we can see that there is no BTC 6 (six) consecutive high sails and unless this pattern is quabrado next month, we are very close to a correction.
It is generally believed that we will have a correction of at least 40%, however, weak hands and people unprepared for panic could lead to a much greater correction.
The 6 main crypto-currencies perform the same movements of the BTC, however, with a much lower valuation speed.
Is the market being manipulated?
We have to know the exact moment, it will be 12k ?, 13k ?, 8 days remain until the end of the month.
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5 days left
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Well, Tomorrow the candle of a new month will reveal the truth, the breaking of a trend from the beginning of BITCOIN, where there has never been a sixth consecutive green candle in the monthly chart, or we will have our true correction before the beginning of the bullring.
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very interesting
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We will have confirmation of this theory of the 6 green candles at the beginning of August.
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BTC USD is following the trend of not having six consecutive green candles. If there is actually 40% correction, the final target will be $ 8280.
Trade closed: target reached
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Another month has closed and remains the maximum, there are no six consecutive green candles monthly, now by the chart that is formed, it is easy to know where we are going. Watch out for soft hands.