Bitcoin- THE HOLIDAY EFFECT
Here is some stats around the Holidays when buyers are most aggressive. As you can see labor day comes in 2nd. Buyers tend to buy within the week to hold long positions until the end of the year.
On the daily Bitcoin is in a symmetrical triangle. Could we break to the upside leading up to Labor Day? Lets see how it all plays out.
Holiday Buy two days before, sell at year end: Buy one day before, sell at year end:
President's Day -0.1% 12.2%
Good Friday 7.3% 17.8%
Memorial Day -4.7% 22.8%
Independence Day 13.3% 37.3%
Labor Day 16.8% 33.7%
Election Day 17.9% 4.6%
Thanksgiving 4.3% 1.1%
Christmas -7.1% 15.2%
New Year's 31.1% 19.6%
On the daily Bitcoin is in a symmetrical triangle. Could we break to the upside leading up to Labor Day? Lets see how it all plays out.
Holiday Buy two days before, sell at year end: Buy one day before, sell at year end:
President's Day -0.1% 12.2%
Good Friday 7.3% 17.8%
Memorial Day -4.7% 22.8%
Independence Day 13.3% 37.3%
Labor Day 16.8% 33.7%
Election Day 17.9% 4.6%
Thanksgiving 4.3% 1.1%
Christmas -7.1% 15.2%
New Year's 31.1% 19.6%
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