How about the longer term downtrend?
Yup. I guess that's the main one. If by now people haven't figured out the boom and bust cycle, and you see evidence here every day that they can't bring themselves to embrace it, then gawd help them.
Topic: Trading patterns you have noticed (Read 93 times)
Yup. I guess that's the main one. If by now people haven't figured out the boom and bust cycle, and you see evidence here every day that they can't bring themselves to embrace it, then gawd help them.
How about the longer term downtrend? The lower highs have been very easy to short and the obvious main support level easy to long. The same applied to all the nonsensical ETF speculation, but it seems that it no longer plays a role of importance. I only focus on the easy to exploit events that usually take longer to settle and avoid everything related to day trading.
Right now I have a pretty large long position open around $6500 in anticipation of the October syndrome this market deals with year after year, and I expect some fireworks to happen.
I'll just let it happen and try to ride it out as long as I can.
Right now I have a pretty large long position open around $6500 in anticipation of the October syndrome this market deals with year after year, and I expect some fireworks to happen.
Past Q4 seasonality increases that started in October;
2014 $300 > $450 = 50% increase.
2015 $230 > $500 = 115% increase.
2016 $600 > $1100 = 80% increase.
2017 $4500 > $19,500 = 330% increase.
2014 $300 > $450 = 50% increase.
2015 $230 > $500 = 115% increase.
2016 $600 > $1100 = 80% increase.
2017 $4500 > $19,500 = 330% increase.
I'll just let it happen and try to ride it out as long as I can.
Are there any? Do you have any pet patterns? If you identified one, what was the longest lasting one?
There've been weekend dumps, then weekend pumps. There was the 'Tether pump' which turned out to be pretty hollow.
This one still stands up - https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/
TLDR - do exactly the opposite of what CNBC predicts.
There've been weekend dumps, then weekend pumps. There was the 'Tether pump' which turned out to be pretty hollow.
This one still stands up - https://www.tradingview.com/chart/BTCUSD/bwSjuQIC-CNBC-Bitcoin-Indicator-Gives-An-Insane-95-Accuracy-For-Bitcoin/
TLDR - do exactly the opposite of what CNBC predicts.
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