BItcoin Posts a 3rd Green Candle on the Monthly (Patreon)
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In technical analysis, three consecutive green monthly candles on a chart can be a bullish signal for an asset, including Bitcoin. The significance of this pattern lies in the fact that it indicates a sustained period of upward momentum and buying pressure over a three-month period.
In general, green candles on a chart represent bullishness, meaning that the price of the asset is increasing. When three green candles appear in a row, it suggests that the bullish trend is strengthening and that buyers are in control. This can be a positive sign for traders and investors who are looking to enter or hold positions in the asset.
What I covered today and after studying 13 years of data every which way, the monthly is important for the investor psychie. I also uncovered that on a monthly basis - the Bitcoin Returns after March are the highest over the calendar year in the following 60 to 90 days.
We shall see if this time around history rings true.