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Bitcoin is about to have its 3rd green monthly-candle and has already achieved the highest 3-month gain since January 2021. Also, after each third green monthly-candle there has ALWAYS been a fourth.

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by COINS NEWS 94 Views

Bitcoin is about to have its 3rd green monthly-candle and has already achieved the highest 3-month gain since January 2021. Also, after each third green monthly-candle there has ALWAYS been a fourth.

I think after 2022 and the bitter-cold bear market we had, it is high-time that we also lay back and enjoy once we got a small victory and that time is now. We should not really spend all of our time debating whether this is just a “bear market rally“ or an actual reversal. Let‘s just look at some hopium-filled stats:

Picture and observation by BTC_archive on Twitter

One of them is looking at our monthly candle chart. Here we can see how we are just on the brink of having a 3rd consecutive green month. Obviously half of the month is still left but a close above $23.1k would guarantee it, which seem very likely currently.

Another very interesting fact is that if you just take ANY three consecutive green candles, you will realize that there has never been ‘just‘ three green months but always at least four green months.

From my TradingView

This one here shows the 3-month candle which is barely used but can be a good indication for a rough trend overview. Here we are about to have our best 3-month candle since January 2021, the very beginning of the last bull market, which had a massive 100% gain in three months.

I hope I was able to give you all some cool stats on the way (and of course some optimistic hopium). Let‘s enjoy the positive effects for a bit and not just debate.

submitted by /u/partymsl
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