It's July 1st – the first day of Q3! 🫡
Did you know that even #Bitcoin has seasonality?
For example, the most profitable months of the year tend to be in winter. ❄️
👀 Historically, the strongest rallies have happened in Q4, while Q3 is usually the slowest — it's vacation time, good weather, school holidays, etc.
That said, July has historically been the most profitable month of Q3, and the S&P500 has closed every July green for 10 straight years — which could also be a positive signal for #BTC. 🤞
As I mentioned last week, we saw a small reaction from resistance and a local pullback on LTF… 📉
But after two months of consolidation, the odds of a breakout to the upside look really good! 🚀
Did you know that even #Bitcoin has seasonality?
For example, the most profitable months of the year tend to be in winter. ❄️
👀 Historically, the strongest rallies have happened in Q4, while Q3 is usually the slowest — it's vacation time, good weather, school holidays, etc.
That said, July has historically been the most profitable month of Q3, and the S&P500 has closed every July green for 10 straight years — which could also be a positive signal for #BTC. 🤞
As I mentioned last week, we saw a small reaction from resistance and a local pullback on LTF… 📉
But after two months of consolidation, the odds of a breakout to the upside look really good! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.