Blind Freddy could see that BTC is due for a decent retrace, when you consider 5 green monthly candles in a row, followed by weekly sideways movement. BTC needs at least a 20 - 30% retracement before it continues its upward trajectory. A 20 -30% retracement does not break the trend in the grand scheme of things.
Its a healthy a sign that BTC will continue upwards for at least another 4 or 5 months afterwards before the trend is broken if it retraces, as I expect will happen very shortly.
Blind Freddy could see that BTC is due for a decent retrace, when you consider 5 green monthly candles in a row, followed by weekly sideways movement. BTC needs at least a 20 - 30% retracement before it continues its upward trajectory. A 20 -30% retracement does not break the trend in the grand scheme of things.
