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diversionlulu
Jan 3, 2020 5:56 AM

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

Bitcoin / United States DollarCoinbase

Description

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

Comment

Comments
senyor
crash moved to feb bidding at 9k all the way to 7200
diversionlulu
Some sources which supports this idea as a seasonal theory:

medium.com/@bitcurate/examining-chinese-new-year-effect-on-bitcoin-market-52c33d2ae8da
yuriysadoma
Great analysis
diversionlulu
BTW this mid January Drop happens because it's Chinese New Year
senyor
great more opportunity to buy..
BlockchainSon
Good point
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