Uptober flopped. Bitcoin fell 7.3 percent in October, and that changes how November must be traded. 📉
Bitcoin rose 7.27 percent in July, 25.05 percent in August and 6.37 percent in September, then October broke the streak with a 7.32 percent fall. The month started under 83,500 dollars, pushed over 87,000, fell below 80,000 on 15 October after hotter CPI and PPI data, recovered to 85,000 by 21 October, then hit a six week low near 76,100 on 30 October. Source: CryptoPotato, 1 November. The same report notes November history is split, November 2024 surged 37.36 percent, while last November fell 17.5 percent after a mid October crash. 📊 My reading is simple. Do not trade the word Uptober or November. Trade the levels in front of you.
Will this November look like the green one, or the painful one? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Uptober
Bitcoin rose 7.27 percent in July, 25.05 percent in August and 6.37 percent in September, then October broke the streak with a 7.32 percent fall. The month started under 83,500 dollars, pushed over 87,000, fell below 80,000 on 15 October after hotter CPI and PPI data, recovered to 85,000 by 21 October, then hit a six week low near 76,100 on 30 October. Source: CryptoPotato, 1 November. The same report notes November history is split, November 2024 surged 37.36 percent, while last November fell 17.5 percent after a mid October crash. 📊 My reading is simple. Do not trade the word Uptober or November. Trade the levels in front of you.
Will this November look like the green one, or the painful one? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Uptober
