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A pattern seems to repeat each year. Each year since , Bitcoin made the low of the year in mid-Januari. This year, , the Chinese new year is on Februari Feel free to use and share my charts, but please mention this post as the source. This is no trading advice. There is absolutely no guarantee that this pattern will repeat.
I will remeber this for next year haha! I did not jknwo it was always in january lolz, thanks for showing me. I hope it will go up very soon.
WOuld be something if it trippled from here going forward to Q4 and than rallying up to 75K. Yes, I have seen many similar thoughts, and and analysts associate this behavior with the Asian New Year.
This year it's February 16, probably you have to forget about growth until March I was wondering what is going on. There's no real news instead many new investors joining. I hope the patty repeats itself. There does appear to be a trend emerging from that data. Let's hope it continues as it has in previous years. The volatility of Bitcoin doesn't bother me as much as how the majority of ALL other coins and tokens follow suit.
Even those cryptos that have valid and noteworthy projects behind them all suffer. This is so unlike the stock market where a "sector" might take a hit not affecting other unrelated sectors. Hoping for the best in ! I'm sure over time that this will change, but it is still very early days and it will drag the market up or down with it for a while.
Nobody really complains when it is moving up, it's the plug hole effect on the way down haha. What do you think , this is one of reason to down sbd?? How possibility to grow up bitcoin? Interesting pattern; I'm sort of hoping that will be more the "year of the alt coin" where some of the other coins start moving around more independently of BTC.
Let's watch how the years end with this trend Guess it is time to buy more Thanks for this information penguinpablo. I don't think this was thought through or analyzed. In my opinion, until I see a crypto like Steemit, or a gold or silver backed coin, coin for coin per oz. If there is something tangible behind it, that will be the ultimate coin s to hold.
Not sold on bitcoin trading by some people that short everything they can get their hands on. Not to mention, price went up based on hoarding of the coin and waiting to cash in. This is the other side of the story, not a historical chart. Ha, now we have the needed revelation!
This makes so much sense what you have shared here. It's a good time to buy bitcoin because if we buy bitcoin at this time we gain a good profit. We just feel like history repeats itself.
You ain't never going to see nothing brand new; you're only going to see when records are broken. And we're here to just set records and set trends and follow the footsteps that have been shown to us. This year the pattern is repeated but with an even sharper sharpness due to news and rumours about the regulation of cryptocurrencies in South Korea and the arrest of all money transfers related to cryptocurrencies of the Metropolitan Bank.
Now all we have to do is stay in expectation until this pattern is completed and the market recovers. Worth knowing this but I'd be interested to see what the drops looked like in previous years too! Reading this made me feel a bit more confident with my cryptos as they dropped a lot more than I thought they would.
Now I was going to make a post about this! P, calm all cryptocurrency investors! Really interesting analysis penguinpablo , their is definitely a pattern, as a mathematician I would love to do a some research in your empirical findings.
Since , Bitcoin's low of the year was always in mid-January. Bitcoin chart Bitcoin chart Bitcoin chart Bitcoin chart Disclaimer: Authors get paid when people like you upvote their post. This analysis is really intersting, and you found it.
Don't think the past really matters. Humans can find patterns in anything. Still giving good chance to buy more. Bitcoin in so far: Thanks for the info!
Somebody had better find the plug, and quick! We are all losing VP! Interesting, here's my take on bitcoins future: I trust the price will be ramping up really soon! Sell off to finance debt from Christmas. What is the explanation of this? How can be the low always in the same week? People paying there Visa Card bill from december. Interesting thanks for sharing!
Never heard about this before. Thanks for the information. Hopefully this happens again now.. I think we will still see some new lows. I hope it will be normal again. Could it have something to do with a lot of Asians celebrating new year at this time of year? It's a big spending event for them. If you have some money laying around, it might be a good time to invest.
Next year it will be January 11th. This seems to be a pattern that is repeated in January of every year, this is too coincidental.
Thanks very much for the information penguinpablo greetings: This is realistic analysis! Thank you so much for your effort!! I'm writing that down! Thank you, will buy on next Jan