$BTC Bearer of Bad News
We have just opened our first red candle on the 5D chart. The last one we saw was March 2023. That was 18 months ago.
If Bitcoin doesn’t make a move soon, we are BUSTED.
I dont mean to scare you but this candle is a big deal. Staying in the Gaussian channel is as it is a big deal. But dropping below the median line is very problematic. We can stay below as along at 1 year.
2021 saw a momentary dip below, that kept us there for 20 days.
Assuming that Bitcoin is most bearish in September we can see us below for this month before rebounding in October
