Monthly analysis on the S&P500 (correlated to BTC) during July:
- From 2015 to 2021 we only make green candles in July.
- From 2001 to today during the month of July we had 7 red candles and 14 green candles.
- We can conclude that we have a 66% chance of having a green candle this month of July 2022 and 33% a red one, it remains only probabilities, the trend can be reversed and we will have several years only of red candles during the next months of July!!!
* Conclusion:
- The market always does the opposite of what the crowd thinks, so if we see circulating that we will have a month of July in the green, the liquidity that the whales will seek will be in the south and vice versa.
- I think we are at the end of the capitulation before arriving at the cycle of anger and depression, with more shorts than long and a very negative funding rate and a balance of BTC on the exchanges at the lowest historical.
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