diversionlulu

BTC Crash every January (-15 to -50%)

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As you can check it out here:

1. 2015 (14 January) - Dump from 320$ to 150$, which is -50%
2. 2016 (16 January) - Dump from $460$ to $360$, which is -20%
3. 2017 (11 January) - Dump from $1120 to $770, which is -35%
4. 2018 (16 January) - Dump from 17500$ to $9700, which is -45%
5. 2019 (10 January) - Dump from 4000$ to $3500, which is -15%
6. 2020 (?)

In 10 days we will see how much % BTC will drop. My best is 30% = $5,000, reaching out the bottom at early Spring ($3,000) right before long trend reversal.

Comment: This mid January Drop happens because it's Chinese New Year

Comments

crash moved to feb bidding at 9k all the way to 7200
Reply
Great analysis
Reply
BTW this mid January Drop happens because it's Chinese New Year
Reply
great more opportunity to buy..
Reply
Good point
Reply