Does Valentine's Day in Crypto always lead to Red Charts?

[Lanatsa]

Valentine's Day is approaching, and it looks like every crypto user or trader will be wearing red this time due to the current red market conditions. Lol

Hopefully, there will be Valentine's Day crypto events or exchange promotions to lift our spirits. Although I've only seen this one event from my exchange and I would welcome more if there is any

I would  also appreciate opinions on Bitcoin's movement before Valentine's Day, perhaps based on historical charts from the same period.

Not all the time or we can simply say that it is really just that on coincidence because at the time or moment that we do see up some pricing on holiday season then it will be that normal that people will really be that attaching up such sentiment whenever on every year approaches. Just like into those times or moments like on Holiday season on which they've been assuming that there will be some huge sell off because investors will really be that trying out to cash out their positions due into this holiday on which its nor shocking but it didnt happen on the last year. This is why i dont really like to get attached up with these kind of situations whenever on regarding into the price.

If we do speak about patterns then it will be that giving out that kind of approach that it might be the same but there would really be no basis on whether these things will be that accurate but of course it will be that up to you on how you do make out those kind of options whether you do believe that it will be having some correction or would really be having that bullish sentiment. So it will be that up to you on whats your approach when it comes to this because holiday season will really be having no impact i should say and people will be just that loving on attaching things accordingly.

[btc_angela]

Valentine's Day is approaching, and it looks like every crypto user or trader will be wearing red this time due to the current red market conditions. Lol

Hopefully, there will be Valentine's Day crypto events or exchange promotions to lift our spirits. Although I've only seen this one event from my exchange and I would welcome more if there is any

I would  also appreciate opinions on Bitcoin's movement before Valentine's Day, perhaps based on historical charts from the same period.

I don't know if there are connection with holiday, the only one that I can think of is that maybe there are investors who are selling to celebrate it. But if you are a smart investor, doesn't make sense, I mean we all know that everyone should restrain themselves selling and just tell themselves on what we call delayed gratification.

So for me there should be none, unless we all look for connections during holidays and what will be the next one in the calendar? Also in addition, as I have said, just be smart and don't follow what others are thinking or doing. Just look for your investment in the long run because if you don't sell in this holiday and delayed everything, you might be very happy that you did that and maybe it's worth to sell during all time high.

[Prestongold]

I actually didn't predict that the market will be red during valentine's day.
I can say the first response to this thread was right because he/she suggested that the market will be red before today and might recover today or the next day.
Which seems to be happening currently.

The timing is also right during the holidays and usually the market on Saturday and Sunday is always in red condition and on the other hand boredom is also born when the BTC price position is still sideways. Previously, investors may have become too optimistic when there was an increase or panic when the price fell, resulting in impulsive decisions. Personally, now is not a good time to sell and HODL is better because the long-term potential of BTC investment is very large and those who try to play short will end up wasting their money.

The crypto market is a multiple-face asset and to be sure to make the right market speculation we need to put in a long time of endless search and analysis of charts and even at that we can still get the right market direction, some weekends can be bullish while other weekends can also be red bath all over the market, but in all, we have to hold an amount of coin that we can afford to hold for a little ng period without facing any financial burdens for whatever happens to the value of the coin.

[o48o]

~Snipped

I would  also appreciate opinions on Bitcoin's movement before Valentine's Day, perhaps based on historical charts from the same period.

I checked the charts on tradingview (daily timeframe) for 2022, 2023 and 2024 and in all those years, Bitcoin has ended the day in a green candle. Some years even have green candles for the remainder of the week.

But things are a lot different now and there's a new administration in the US + Bitcoin is at the highest price it has been in the years before (excluding late 2024).

I remember when people were trying to explain green candles during Valentine's Day back in day. Some rich guys buying bitcoin as a gift was a twitter rumor. I was newbie back then so i didn't really even think twice if they were joking or not. Retrospectively they probably were.

These days bitcoin has a different mainstream vibe to it, and i wouldn't see it as anything as miraculous or exciting. It would just be as trashy as giving money for valentine's day gift.

[nelson4lov]

I checked the charts on tradingview (daily timeframe) for 2022, 2023 and 2024 and in all those years, Bitcoin has ended the day in a green candle. Some years even have green candles for the remainder of the week.

But things are a lot different now and there's a new administration in the US + Bitcoin is at the highest price it has been in the years before (excluding late 2024).

I remember when people were trying to explain green candles during Valentine's Day back in day. Some rich guys buying bitcoin as a gift was a twitter rumor. I was newbie back then so i didn't really even think twice if they were joking or not. Retrospectively they probably were.

These days bitcoin has a different mainstream vibe to it, and i wouldn't see it as anything as miraculous or exciting. It would just be as trashy as giving money for valentine's day gift.

You're not wrong. But imo, this "mainstream" vibe you spoke of is a good thing rather than a net negative one. For years, a lot of people wanted Bitcoin ETFs. We also wanted Bitcoin to get adopted and today, the adoption rate is insane that even countries are creating natural reserves backed by Bitcoin.

We won't get the same thrill as watching Bitcoin grow from a small speculative asset from years ago that was still finding it's place on the global markets.

Maturity is overrated when it comes to excitement, but in terms of adoption, it's early what people wanted.

[Hispo]

I think any holidays big holidays makes the market bleed, Valentine's day, Christmas and New year.
Most of the time when this holidays come the market bleed or drops down might just be a coincidence or maybe investors are just taking out a portion of their investment to celebrate.

That is exactly what I think it goes on with crypto markets, traders are not robots, we are people like anyone of us, so they need to close their positions in order to cover their needs, some of their needs increase during holidays: they need to buy plane tickets, buy gifts and have budget for their loved ones, etc.
There could also be some situations on which traders get some extra money from their bosses or from their family members and decide to buy Bitcoin or other coins with that money, but that is rather an election to the rule of them selling their positions, in my opinion.

Any red day may be just another opportunity to make out positions stronger if we are pointing for a long term cash out anyways.

[o48o]

You're not wrong. But imo, this "mainstream" vibe you spoke of is a good thing rather than a net negative one. For years, a lot of people wanted Bitcoin ETFs. We also wanted Bitcoin to get adopted and today, the adoption rate is insane that even countries are creating natural reserves backed by Bitcoin.

We won't get the same thrill as watching Bitcoin grow from a small speculative asset from years ago that was still finding it's place on the global markets.

Maturity is overrated when it comes to excitement, but in terms of adoption, it's early what people wanted.

Cost of mainstream / adoption is a double edged sword imho. Sure, it will rise the price via institutional investors, but what's the cost?
While crypto fundamentals stay same at their protocol level, price is basically in the hands of politicians now. And it's more centralized around governments then ever.

Whole idea of crypto was being resilient against governments oversight, and now we are relying them pumping the price and because it's traded against fiat money, FATF made sure that any pseudonymous fiat out ramps including paper cash, will be impossible to execute in the future in larger scale

So imho the whole concept has turned to a mockery of Cypherpunk movement. Which was the main reason and ethos why crypto is supposed to be valuable in the core.

[osasshem]

It's not a wrong view, when we see the market going reddish candles everywhere around the charts. World wide holidays do have it's effect in price movement, cause some big investors will need some funds to join the celebration, and this always have it's effect on the market, but for Bitcoin during the 2024 Christmas festive season, the price was on a surge. Unlike other years, the Christmas season is a season where the profit take outs for the year happens, but this time, it was a period everyone was expecting more better things.

[Tipstar]

Valentine's Day is approaching, and it looks like every crypto user or trader will be wearing red this time due to the current red market conditions. Lol

Hopefully, there will be Valentine's Day crypto events or exchange promotions to lift our spirits. Although I've only seen this one event from my exchange and I would welcome more if there is any

I would  also appreciate opinions on Bitcoin's movement before Valentine's Day, perhaps based on historical charts from the same period.

I have heard about selling pressure around Christmas and Chinese new year but I don't think any significant changes a Valentine's Day would make. Valentine's day have way less significance in fewer nations and smaller age groups. Buying expensive gifts through crypto could make selling pressure but it would be a very minute one as there are high volatilities due to political and other events and statements.
I just looked at historical price and found no specific trends on price around that time.

[TheUltraElite]

Not necessarily, holidays and special events through the year will have increased spending, so charts may or may not go red.

Just because two things happen parallelly does not mean they are both related to one another, if you try to find patterns in the market like this you will be lost and never be able to make money out of trading.

What you should observe is that market going red means it is your chance to buy.

[Bushdark]

Valentine's Day is approaching, and it looks like every crypto user or trader will be wearing red this time due to the current red market conditions. Lol

Hopefully, there will be Valentine's Day crypto events or exchange promotions to lift our spirits. Although I've only seen this one event from my exchange and I would welcome more if there is any

I would  also appreciate opinions on Bitcoin's movement before Valentine's Day, perhaps based on historical charts from the same period.

I have heard about selling pressure around Christmas and Chinese new year but I don't think any significant changes a Valentine's Day would make. Valentine's day have way less significance in fewer nations and smaller age groups. Buying expensive gifts through crypto could make selling pressure but it would be a very minute one as there are high volatilities due to political and other events and statements.
I just looked at historical price and found no specific trends on price around that time.

What does Valentine's Day have to do with the price of cryptocurrency falling? Or should we conclude that the price falls because of the pressure for people to sell part of their crypto portfolios so they can get gifts for their love once? I am still thinking what op actually means by the price of crypto falling during this day. There are so many reasons that can lead to price of cryptocurrency falling which is why it's not appealing to me to just conclude that price falls because of the Valentine that just past.