With the 15th of the month approaching, it’s worth reviewing one of the most reliable monthly patterns I follow in $BTC .
Bitcoin’s close on the 15th relative to the monthly open has often been a reliable indicator of how the month will end.
Above the monthly open on the 15th, and the month has typically ended in the green.
Below it, and the month has typically ended in the red.
Of the 10 months completed this year, seven have followed that direction. A 70% hit rate.
Across my entire historical sample, that’s 144 out of 181 months, or 79.6%. So this isn’t just something that worked a few times this year.
In fact, it’s one of the most statistically reliable indicators I’ve come across.
Bitcoin is currently below the monthly open, which is around $77K.
If Bitcoin closes below this pivot on the 15th, which currently seems likely, the expectation is that November will end in the red.
$BTC
Bitcoin’s close on the 15th relative to the monthly open has often been a reliable indicator of how the month will end.
Above the monthly open on the 15th, and the month has typically ended in the green.
Below it, and the month has typically ended in the red.
Of the 10 months completed this year, seven have followed that direction. A 70% hit rate.
Across my entire historical sample, that’s 144 out of 181 months, or 79.6%. So this isn’t just something that worked a few times this year.
In fact, it’s one of the most statistically reliable indicators I’ve come across.
Bitcoin is currently below the monthly open, which is around $77K.
If Bitcoin closes below this pivot on the 15th, which currently seems likely, the expectation is that November will end in the red.
$BTC
