The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead.
The scarce BTC supply suggests these are still early days and there’s a lot more ROI to go, potentially reaching prices of hundreds of thousands each in the future.
Bitcoin profits being taken and flowing into altcoins is just one of many reasons for the leading cryptocurrency by market cap to take a pause.
A doji is either a sign of indecision before a trend continues or is a signal a reversal is near.
The red candle in May must engulf at least 50% of March’s historic candle close to be confirmed.
While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.
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