BTC Beginning of the Month Downward Volatility
BTCUSDT Seems we typically experience some downward volatility in the first week of each month since June.
I certainly have noticed a trend: July 4/5 bottom, Aug 5 bottom, Sep 6 bottom.
Let's see what the rest of the week has in store for us.
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Using the 50 period on the 12H for the ROC it seems we could be near a local top which has shown some tops/ bottoms in the past during this range.
The blue boxes represent the beginning week of the months.
YOY global liquidity is on the rise due to China easing significantly.
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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.