The Bitcoin market doesn't rest. That's true even on weekends or at night or during the upcoming holiday season. It's always open.
Looking at your ranking I trust you are experience in the financial market. As long as Humans have been trading even as far back to the Japanese trade of rice I can say boldly there is no financial market that does not rest. I did not say you should agree with me but do well to fact check on this matter.
A market may be open 24/7 for all doesn't mean there is engagement. Once you see a Range and a consolidation for a period know that the factor I made mention is in effect. Parameters to check to confirm my assertion are; Volume, Volatility and liquidity. You will see a clear difference.
My rank doesn't actually mean much. Surely, there are members here who have lower ranks but have much more knowledge and wisdom than me.
Anyway, trading is probably as old as humanity. But we're talking of crypto here. Such market isn't the conventional market. Yes, we need to fact check on this. I'm interested to know the bases of your claim. As for mine, you can check the data here: https://data.bitcoinity.org/markets/volume/5y?c=e&t=b.
You will see there that the months of November and December, the closing months of each year, aren't necessarily the months when trading takes a rest. Yes, the year winds up in these months, but it doesn't mean lesser activity in the crypto market. As a matter of fact, the volume even increased in the past Novembers and Decembers.
Although the Novembers and Decembers in the past couple of years closed in the negative, we cannot accurately tell that it will be the same this year. And there isn't really a solid pattern from which we can generalize that the last two months of every year would be negative.
You are correct we cannot generalized. However, history repeats itself but I have not said or I will not say that it will end in negative. I only advice that we should be very observant pick your support or resistance carefully and profit from it.
If history repeats itself, then whether the price of Bitcoin in November and December is in red or in green, that's still history repeating as there were both red and green Novembers and Decembers in the past.
Yes, support and resistance are two of the most important things that traders need to locate. To those who aren't very good in charting though, keep hodling. Hodlers may be rewarded more than traders in the end.
