Bitcoin Monthly Candle Close colour & Patterns since 2011Bitcoin / U.S. dollarBITSTAMP:BTCUSDOrriginalSeptemer Closes GREEN Where you see 2 Arrows is where we had a Green September after Red August Closes, as we have just had again. All had Green Octobers Following. Note those double arrows on the left are in the 2016 build up to 2017 ATH and the ones on the right are in the Current cycle. Past October closes are 10 Green to 4 Red, so the Odds are we will see another Green October close, though it may not be a large candle. InFacr, there are a few charts that point towards a Red start till around Second week, 12th - 15th October. This of course can change but it maybe worth understanding that we may get a bloody month start. However, given where we are in this Bitcoin cycle, assuming this one will continue as others have, we do not have a year plue left to reach ATH as the 2016 set of arrows would imply. So my eye is now drawn to the Dashed box that leads up to the 2021 ATH in March 2021. To many extents, that PA is very similar to that in 2023 (arrow) and if that is to be repeated, we could see a large recovery this month. One thing that reslly needs to be mentioned is also how small the candles are now. The pressure is on Bitcoin right now. Of the 4 Red Octobers, only 1 was in a Bull run. This months Candle Close Will certainly let us know where we are in a cycle. That is IF we are still in a Cycle. As mentioned in a number of posts now, the idea that Bitcoin will Drop away after the next ATH is possibly flawed. But we have to wait and see what happens. We can certainly look forward to a positive number of monthsd ahead for Bitcoin and this should take PA above a Long temm line of resistance that has rejected EVERY ATH since Bitcon started.( please refer to previous posts to learn more ) Happy October everyone and do not Panic if we do Dip further to start with