🟩 BEST 6 months - Seasonality AnalysisThe market is ready to enter its "Best 6 Months" as the calendar transitions from October to November.
👉 Yale Hirsch , the man behind the creation of the Stock Trader's Almanac, originally described the "Best 6 Months" tendency in 1986. The "Best 6 Months" idea is a straightforward one. Hirsch's analysis indicates that during the past several decades, a significant part of the market's gains have occurred between November and April. And over the past six months, it has generally had difficulty moving forward. I'll also point out that the edge has lasted ever since the tendency was published many years ago, with the "Best 6 Months" consistently outperforming the "Worst 6 Months".
👉 Additionally, as we enter the third year of the presidential cycle, the market is changing. Instead of measuring the Presidential Cycle years from January to December, we do so from November to October. This makes it possible for the cycle years to better coincide with the early November elections. Additionally, even though the elections always take place in the first week of November, we always begin the cycle year on November 1. Combining it with the "Best 6 Months" cycles facilitates evaluation. The third year of the presidential cycle has generally been successful.
The outcomes since 1960 when the Best 6 Months and the Third Year of the Presidential Cycle have both been in outstanding.
RESULT: Since 1950 - to present day ALL 18 instances have shown gains! The average 6 month period saw a net gain of +16.95%!
BEST
A Trade against the trend?Typically i dont advocate trading against the trend. However in this case we might have a reason to. Price seems to have hit some resistance from 2020, and rejected going higher july 14. we are at a decision point. the stochastic is showing a bit of a squeeze that suggests price may fall, resistance in price forming a double top. looking back on 2016 and 2018 we see similar long term patterns that suggest price over time will fall. Its not a trade I will take but could be interesting to watch.
Whales buying. This is what to expect from the crypto market.So, with the break of the bullish channel, we saw a heavy dip in price into the 40000 dollar zone and then an instant bounce up, Which was expected since the whales started to exit the market (Dec 1st), USDT.D Exploded after being in consolidation for a long time (Dec 3rd) and Bitcoin after around a day of consolidation and price compression (Dec 3rd), exploded to the down side and broke the bullish channel,
Now that the whales are entering he market and buying BTC Heavily,
These are the routes that price can take from most likely to least likely
1- Price Tests 40k Demand area, and goes up from there and breaks the 52k Supply area and continues to rise to the last ATH
2- Price Tests 52k Supply area, Fails, Then breaks Below the 40k demand area and goes down to 29-30k Demand area, and has a bounce up back from there
3- Price Tests 52k Supply area, Fails, Then breaks Below the 40k demand area and goes down to 29-30k Demand area, Breaks it, And goes down to 20-19k (Practically impossible)
Since we are in a long term sideways trend, And long term sideways trends don't really have a tendency to break, We have to see what happens, Scenario 1 is still the most likely, But the behaviour of whales should be checked upon periodically.
The best scenario for Bitcoin analysis in the MID termThe best scenario for Bitcoin analysis in the MID term is that the downward trend will continue
But now, if the price support above the $22,000 area and observe pressure from buyers ,
The price has the potential to rise to $25,000 resistance and then fall to new lows
Or if observe seller pressure and the $20,800 support breaks to the down and then we experience a fall to lower levels.
Sell IdeaHello traders, in today's trading session my team and I are monitoring GBPJPY for a selling opportunity below the 160.604 price level, once we get a bearish breach the pending order will be activated.
Pip Regards, DayBot6.
PS: Kindly COMMENT on what you think of this idea. Also LIKE, if you do.
Bitcoin continues to fall to the rate of 13567Hello, I am Hayman from Kurdistan, this is my first analysis. I hope I have helped you with this simple analysis. I believe that the chart speaks to people in the most correct way. long live for country of Kurdistan| united state of Kurdistan \USK
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ATR andicaitor for Average price movement






















