Bitcoin has nearly always closed Q4 in the Green. Only time it didn't was in 2014 where the price initially dumped 28%, then went higher from where Q4 started and then lower fell even lower. All other time it has been positive, but that doesn't mean that Q4 was starting smoothly.
For the first 4 years there was initially a dump and then a pump. Even in 2010 there was a big spike down. The average drop was about 25-30%, with the two exceptions in 2010-2011 were the drops were much bigger. Time wise the 2014 would say that Bitcoin would dump near 4800 on October 22nd.
Important dates as we are overextended in this 'bear market' which has lasted nearly 300days. 17th CBOE futures expiration. 22nd Fractal local bottom. 24th Full moon. 27th CME futures expiration. Bears have about 2 weeks to do something imho. If we go down we are going to go down hard and fast.
Based on this data imho the best thing to do is: buy some Bitcoin now and keep some to buy lower. Don't dump in any case because the market could reverse very quickly. I can't see a scenario where we don't go near 10-11k by the EOY (not higher than that for now).
hey man, nice catch, the graphs dont lie, and the whales like to eat the weak fish's lunch before doing their surface launches, :P wonder what it will be this time. tether/SEC/bitfinex or just a no-reason dump.
ChristofBlock
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statistically a complete nonsence. to less data, wrong method. as you saw it, we are like year 2014. so with knowing nothing, not considering any data, nor your phantasy and wishful outcome, what is the right answer?
opposite of what you are saying. good job. good luck, apply for becoming NASA analyst, send yourself to the moon, so earth is saved.
BitcoinMacro
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@ChristofBlock, I love how retarded bears like you (who have been trading for 9 months) come out of the woods and say their stupid shit. It's ok man, nobody gives a f*ck about how much money have you lost trying to short 6500 and getting rekt every single time hoping to go to 5k.
Q4 has always given money to those that took long trades in these months. What is so f*cking hard to understand? Plus people like you are going to get broke 100% guaranteed. Cause I just put and idea out, you come out to bash it as if you know the future... Ok Bro, learn how to draw few lines, this isn't kids school
'Statistically a complete nonsense' Cool story bro... Cool story. So the sell in May and go away kind of stuff has been random and there is no seasonality. Sure sure!!!