Hello Traders
I am sending this monthly cart so you can see the bigger picture of the possibilities on $BTC and for you to apply this to any pair, commodity, stock, or metals that you trade. Whilst I am also of the opinion that it may be impossible for bitcoin's price to deep. I am still paying attention to the Bullish Order Block, the monthly uptrend line and the Monthly Order flow that may just happen like a thief in the night. I learnt over time in my trading experience is never to say never, especially when my technical is telling me something that I need you to pay attention to.
As you can see, for the past 7 months, the monthly charts have been trading within its bearish order block and even making lower lows (LLs) signaling the possibility of a test of the bullish order block and trend line. You can also see, price already tested the top of the Bullish order block (the green zone in July and has not even been able to get to near the previous high. All I am saying is ... simply pay attention to what price is doing and not what you think that price is going to do and this is simply what PRICE ACTION is all about.
For now, I remain neutral and watching what price is doing....
Just play safe..... SIMPLE!!!!
