BTC Prints Green 4 Months in a Row

For the fourth month in a row, BTC has closed with a green monthly candle. Each candle closing stronger than the last. We are now closer to the previous all-time high (roughly 128%) than the bottom (approximately 170%).

https://www.tradingview.com/x/pRWNUKrN/

So are we due a Pullback?

Of course we are. Are we guaranteed to get one in the coming weeks? No, not at all even above typical market unpredictability.

Why not? All the typical TA indicators scream – correction.

For myself, 2 current factors serve to lessen the likelihood of an imminent (25-40% correction) which by the way I would love to see.

Institutional Money (Finally)

The possible

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

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