$BTC The current monthly low to high is still relatively small (~12%).

Monthly candle generally see a bigger disclacement than that. This happens in 92.3% of months.

With that, the current second pivot (P2) is set on the 9th of December, when the current high was set. It would also be pretty unlikely that both the current high and low stand from a time perspective. The monthly low AND high set on or before the 9th of the month only happens in 4.3% of months.

With that data we can assume that we are still very likely to see the monthly high or low taken out. Obviously this does not say much about which direction we go to, but it can help you measure out a specific move.

For example, if I were to have a clear bias for the remainder of December (which I don't have as we speak), I would at least target the high or low and more. As it's likely we take out either of those still in the next 2 weeks.

Seeing we're now right in the middle, it makes it more likely to expect a larger move at some point this month still. As it's at least a 5%+ gap from here to the high or low.

Just wanted to share that data seeing how it's set up and where price is at right now. Might be useful for some of you :)

Hope you've all had a good day.