I did not describe what this chart is saying so I`ll do it now. Basically, Bitcoin puts its either low or high of the year in January meaning that prices afterward either rise or fall for the rest of the year. Worked out each and every year so far for literally a 10/10 success rate. As a trader, I will take those odds every single day of the year.
What we have done yesterday with the move below January´s low is a clear invalidation of a historically accurate Bitcoin pattern.
This is a enormous cause of concern and suggests Bitcoin could experience a complete meltdown in the coming months with targets as low as 1000$ per Bitcoin.
We started doing something different here.
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I did not describe what this chart is saying so I`ll do it now. Basically, Bitcoin puts its either low or high of the year in January meaning that prices afterward either rise or fall for the rest of the year. Worked out each and every year so far for literally a 10/10 success rate. As a trader, I will take those odds every single day of the year.
What we have done yesterday with the move below January´s low is a clear invalidation of a historically accurate Bitcoin pattern.
This is a enormous cause of concern and suggests Bitcoin could experience a complete meltdown in the coming months with targets as low as 1000$ per Bitcoin.
We started doing something different here.