Activision Blizzard (ATVI)Why is activision's ticker symbol ATVi? Couldn't it be better to be ACTB, or ABLZ?
What a bizarre chart to see. The premarket, most likely, or after hours trading causes loss in volume yet the price increases. I don't know much about these types of accidents. Is this what happens when a multi million dollar short loses? #tradecryptocurrency and never miss the blip.
Strange
This is nuts, or I'm nuts--or BOTHMaybe this is well known among the crypto community. I don't know. I'm kinda here in my own little bubble.
I was organizing and setting up a ginormous list of crypto charts when I noticed that there were a few odd coincidences about the 2021 rallies.
In my estimate, there were three major rallies last year (Spring, Summer, Fall) and two minor ones (January, December). Many--most--of the cryptos I was charting would start going on bullish rallies at the same time. Not much of a surprise there. Wherever Bitcoin goes, everyone follows.
I used the Date and Price Range tool to explore this curiosity. What I found interesting was that the rallies tended to start on the second-to-last week of the month. Not all of them did, but most did. The coins that followed these trends had been around for a while. New coins took a few months to find their sea legs, and then they follow the same flow. Some didn't have a rally in autumn. I kept seeing this pattern, so I set up a Google Sheet and crunched the numbers of 20 popular coins. Here was what I found.
Spring Rally Start - March 25 or 26 (37.5%) | April 25 or 26 (43.8%)
Summer Rally Start - July 21 (100%)
Autumn Rally Start - Sept 21 or 22 (16.6%) | Sept 29 (75%)
OTHER OBSERVATIONS
- Percentagewise, newer coins enjoyed greater gains than the more popular Bitcoin, Etherium, and Litecoin.
- For a majority of coins, the rallies lasted 40-50 days for summer and autumn rallies. I measured from the first to last green bars in definite reversals.
Out of the 20 that I checked, they ranked as follows:
SPRING RALLY TOP FIVE
MATIC 535.31%
LUNA 311.24%
XRP 274.79%
BNB 195.42%
DOGE 174.18%
SPRING RALLY BOTTOM FIVE
BTC 30.06%
ALGO 44.88%
AVAX 52.98%
ATOM 59.79%
ETH 62.41%
SUMMER RALLY TOP FIVE
SOL 737.22%
LUNA 638.88%
AVAX 531.77%
ATOM 382.08%
DOT 250.04%
SUMMER RALLY BOTTOM FIVE
BTC 76.76%
WBTC 79.69%
BNB 93.60%
DOGE 99.41%
UNI 109.44%
AUTUMN RALLY TOP FIVE
MATIC 175.74%
AVAX 152.27%
LUNA 118.76%
DOT 106.55%
SOL 100.17%
AUTUMN RALLY BOTTOM FIVE
UNI 41.97%
XRP 43.54%
DASH 60.07%
BTC 64.53%
LINK 64.95%
These were the percentage gains for the Spring, Summer, and Autumn Rallies. Those that didn't get rallies I just blanked them.
ATOM 59.79% 382.08%
DOT 65.52% 250.04% 106.55%
LUNA 311.24% 638.88% 118.76%
BTC 30.06% 76.76% 64.53%
ALGO 44.88% 226.58%
SOL 125.24% 737.22% 100.17%
LINK 105.31% 153.27% 64.95%
XRP 274.79% 162.94% 43.54%
WBTC 79.69% 65.83%
ETH 62.41% 125.60% 73.54%
BNB 195.42% 93.60% 98.74%
LTC 73.74% 121.38% 87.54%
MATIC 535.31% 160.93% 175.74%
ADA 116.96% 180.54%
AVAX 52.98% 531.77% 152.27%
DASH 135.27% 117.89% 60.07%
SUSHI 133.88%
DOGE 174.18% 99.41%
UNI 109.44% 41.97%
MY TAKEAWAYS
Maybe this is a psychological cycle. Many were expecting that January Bounce that the stock market usually gets, but that didn't happen. Crypto works on different cycles. So if this whackadoodle observation has any prophecy, anticipate seasonal rallies to start around the 21st to 29th of a month. Everyone's talking about Bitcoin and Etherium hitting major supports--I believe the supports that launched the Autumn Rally. If the rally starts, though, I wouldn't focus on the Crypto-Biggies like BTC and ETH. I'd watch SOL, AVAX, MATIC, and definitely LUNA.
BTC is it going to be the same?will bit coin move same as last time it reached 50400?
what i see is that it reached 50400 target then drop to 49300 area, showed that its stabilizing then trapped more people and dropped like hell.
same thing happened now, it reached 50400 then dropped to 49300 area and showing that its consolidating?
the question is will it drop again and trap bulls?
TESTING 1-2This is my first post, mostly just to test things out. BTC 2H - Currently sitting within the bottom Donchian Channel, above the 200ma and 50ma. Possible bullish set up forming if we close this hammer candle and then make a higher high sometime in the next 2 hours. Will update if that happens and then look for further confirmation before pullin the trigger.