Bitcoin February seasonality

in bitcoin •  10 months ago

For the last 4 years, bitcoin was up 4 years.

Most human activities have seasonal cycles. That behaviour shows up on markets too. We already know many adages about stocks seasonality like: Sell in May and Go Away.

Unfortunately we don't have too much data about cryptocurrencies, so we can see long term effects of seasonality. From coinmarketcap I could get February data for the last four years, 3 of them were bullish.

Seasonality aligns with technical analysis. Based on EW analysis, bitcoin correction is getting near and we might have another bullish February.

Please check my previous post:

https://steemit.com/cryptocurrency/@ctyptouniverse/bitcoin-poised-to-test-8-000-before-rebounding-to-new-all-time-highs

Follows and upvotes are appreciated :)


Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. This is not a financial advice. It should not be regarded as investment/trading advice.

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a very important graph.
thanks for the information @ctyptouniverse

That has struck a chord , nice technical analysis . you have grabbed an up vote and a follower for your skill .

Valuable post ...
Resteemed and followed u
Thanks for the update
Keep sharing

Thanks for sharing. I don’t think the market will turn bullish before the Chinese New Year mid-February. Afterwards i hope you’re right!
Pls also read similar content in my article here:
https://steemit.com/bitcoin/@ghaaspur/bitcoin-in-2018-and-related-topics

I think you are correct that we are most likely looking at a bullish February. Thank You for sharing this information👍

Alright, you flag my posts about my favorite music but this post of yours is special? This info was posted on several sites already. Please undo what you did, it's about having fun here, too.