I statistically analyzed monthly candlesticks.
I asked ChatGPT to calculate the odds of appearing consecutive red candlesticks for both 5 months and 7 months, based on average and standard deviation.
2m consecutive red monthly candlesticks: 6
3m consecutive red monthly candlesticks: 4
4m consecutive red monthly candlesticks: 1
5m consecutive red monthly candlesticks: 0
6m consecutive red monthly candlesticks: 1
It looks like a power function. Therefore, the odds of appearing 5m consecutive red monthly candlesticks is much more than 7m. That's why I believe next month would be a recovery month for cryptos 🙏🫡
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