BitcoinMonthlyChart

📝 What does the monthly Bitcoin chart indicate? $BTC
BTC
99,702.91
+2.48%
➡️ While short timeframes often send conflicting signals, the monthly chart allows for a clearer distinction between periods of distribution and accumulation.
➡️ Pay attention to the candlestick shadows. Long upper shadows reflect the bulls' inability to hold onto highs, signaling the start of distribution (i.e., an upcoming bear market).
➡️ Long lower shadows, on the other hand, suggest that whales are actively buying the dip (i.e., the market is likely to go up).
📈By the way, we're currently seeing the second scenario. Another confirmation that the bull rally will continue✨

#BTC #bitcoin ☀️ #BitcoinMonthlyChart #BTCanalysis #BTCReboundsAfterFOMC

📝 What does the monthly Bitcoin chart indicate? $BTC
➡️ While short timeframes often send conflicting signals, the monthly chart allows for a clearer distinction between periods of distribution and accumulation.

➡️ Pay attention to the candlestick shadows. Long upper shadows reflect the bulls' inability to hold onto highs, signaling the start of distribution (i.e., an upcoming bear market).

➡️ Long lower shadows, on the other hand, suggest that whales are actively buying the dip (i.e., the market is likely to go up).

📈By the way, we're currently seeing the second scenario. Another confirmation that the bull rally will continue✨

#BTC #bitcoin☀️ #BitcoinMonthlyChart #BTCanalysis #BTCReboundsAfterFOMC