Helloooo out there in the world of Bitcoin and Crypto!
My name is Trevor and today I bring back another monthly edition of Bitcoin's Historical Monthly Chart!
Have you never seen this chart before?
I can explain but first, let's take a look at the updated chart now that we have the close of Bitcoin for the Monthly.
July has officially come to an end and we finally saw Fireworks in the price gains for Bitcoin towards the end of things here.
July opened at a Bitcoin price of $35,000 and just officially closed at $41,800
The closing price ended up being higher than the opening price turning this month Green instead of Red!
If you are new to this chart it should make more sense the more you look at it.
What you are seeing on this chart is a historical record of Bitcoin's Open and Closing prices for the 1st of every month since 2012.
Green represents Bitcoin closing Higher than when it opened at the start of a month.
Red represents Bitcoin closing Lower than when it opened at the start of the month.
While most people are used to looking at Bar graphs and Line Graph charts.
This chart, as you may have noticed, does not have either!
Looking at Bitcoin's price action from this chart helps us step back and get better insight into Bitcoin's habits.
Trading off of this chart alone without looking at anything else would actually net people very easy gains trading only on the 1st of every month.
Now I do have to preface all of this with the fact that this video is not professional financial advice for everyone watching.
This is free content on the internet people!
The wise decision-making with your money has to be left solely up to you and only you.
But now that we have that out of the way let's look back at our Bitcoin Historical Monthly Chart here.
If you read last month's post you would have seen that I predicted we would end up closing in the Green!
This is because by looking at my chart here, we could see that Bitcoin has gone Red for 3 gruesome months in a row.
The odds of us getting 4 Red months in a row during the middle of a Bull Market is hard to imagine.
Now that's not to say it isn't possible!
We dodged a bullet ending Green in July after Sentiment across the entire markets pushed us toward Bitcoin's new bottoms of $28k and $30k.
Now that we are confident in our prediction from last month and July closed Green.
Where does that leave us now?
Green is great news but we are not quite out of the Bear Market woods just yet.
I know that's hard to admit but we could still very easily get struck back down to pound town this month.
Do I personally think that is going to happen?
I personally think that is definitely not going to happen but I am still prepared for it to happen if it does.
Just like I predicted last month I believe that once we see our first Green month we won't see another Red month for about 2 or 3 months.
This Bull Market is ALMOST over ladies and gentlemen!
If you're on the sidelines waiting to jump into the action.
Let this chart be your guide into getting in at one of the best times of the month.
More eyes are on the price around the 1st of the month than any other time of the month.
Get ready for 3 possibly even 4 months of Green Monthly closes for Bitcoin!
What do you think will happen in the coming months for Bitcoin?
Do you think we will have 3 months of Green?
Or do you think we get one more Red month before things take off again?
Let us know in the comments and thank you, everyone, for reading or watching wherever you might be out there.
Stay safe out there and I hope everyone has another beautiful day in Crypto!
This is Trevor's signature 🦰
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