$BTC Monthly Close . .786

Dec 1, 2022

Friends, I hope you are all having a wonderful week. Today marked a key candle close for BTC. And as luck would have it, it coincided with a "pivotal" Fed Day, sending equities screaming higher. For my crypto friends, we can gladly say that we have a candle BODY close over the key monthly .786 Fib! This is a BIG deal and gives Bulls a shot at much brighter things in the weeks to come. Along with a key candle close, we have an RSI sitting pretty, a VI indicator double top, and a new Histogram bar that made a higher print. All in all, this bodes well for future price action. Now while we certainly could have some back and forth over the next few days, the candle BODY is what was key for today. For now, take time to enjoy the technical feat that was accomplished.