Bitcoin: Green Monthly Streak Snapped

The easy ride was fun while it lasted. That doesn't mean good time are over, it just means the 4 month streak of green candles ended with August closing lower than its opening price.

All that means to me is September is a crap shoot as when looking back at prior monthly green streaks the next month was sometimes red, sometimes green. There was no definitive trend.

This may sound crazy...

But I wouldn't mind seeing price give us a red September and touch 95K. 1.) it will touch the uptrend line on the above chart and give what I think is a great buying opportunity. 2.) Going sub 100K will cause alot of price action and emotional trading from the market.

Anyway, it's a long short but anything can happen.

Posted Using INLEO