Seasonal Bitcoin Trading Strategy & Market Observations
So to start this off...
Every year from November to January, there's a sharp decline. Then, the trend slowly continues downward until around April. After that, individuals start receiving those income tax checks, and the flow of "currency" that went out to sea seems to head right back inland.
I've played this cycle every single year for several years now, without fail.
I only use 10-20x leverage
I trade Bitcoin only
Reason? My belief in Bitcoin's valuation and role in crypto
I see Bitcoin as the one holding the most value — especially since we've basically burned the dollar straight into electric bills. 🧾⚡
Ethereum, in my opinion, balances that out by just taking your dollar and handing you their version of a dollar.
But before I go too far off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
...
I'm curious:
Has anyone else tried this strategy?
I do it manually based on 4-hour and 1-day charts. Gives me something to analyze on my phone and lets me feel popular like everyone else scrolling through their feeds. 😄
My alternative to Facebook?
Lightweight gambling with charts and candles. 😅
---
Let’s hear your thoughts!
I'll try to get some backtested strategies posted on TradingView soon.
Only time it backfired?
About 4 years ago, when Elon Musk pulled off his "experiment" with Bitcoin —
Dumped a few hundred million in an instant sell, causing the coolest thing I've ever seen on aggr.trade. 🚀📉
Looking forward to hearing your takes!
So to start this off...
Every year from November to January, there's a sharp decline. Then, the trend slowly continues downward until around April. After that, individuals start receiving those income tax checks, and the flow of "currency" that went out to sea seems to head right back inland.
I've played this cycle every single year for several years now, without fail.
I only use 10-20x leverage
I trade Bitcoin only
Reason? My belief in Bitcoin's valuation and role in crypto
I see Bitcoin as the one holding the most value — especially since we've basically burned the dollar straight into electric bills. 🧾⚡
Ethereum, in my opinion, balances that out by just taking your dollar and handing you their version of a dollar.
But before I go too far off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
Off-topic
...
I'm curious:
Has anyone else tried this strategy?
I do it manually based on 4-hour and 1-day charts. Gives me something to analyze on my phone and lets me feel popular like everyone else scrolling through their feeds. 😄
My alternative to Facebook?
Lightweight gambling with charts and candles. 😅
---
Let’s hear your thoughts!
I'll try to get some backtested strategies posted on TradingView soon.
Only time it backfired?
About 4 years ago, when Elon Musk pulled off his "experiment" with Bitcoin —
Dumped a few hundred million in an instant sell, causing the coolest thing I've ever seen on aggr.trade. 🚀📉
Looking forward to hearing your takes!