A Merry Bitcoin Xmas
12 statistics for 12 historical Decembers:
December Marks pretty pivotable points in Bitcoin history. Typically the 19th-31st of December marks some decent moves, with either a slight pause for continuation or a major reversal.
12 statistics for 12 historical Decembers:
- AVG. Overall Returns +15.26%
- AVG. Positive Returns +52.73%
- AVG. Negative Returns -28.45%
- 7/12 saw Red candle closes, 5/12 saw Green. (2023 will likely be 6/12)
- 6/12 saw January close lower than Dec, whilst 6/12 did not.
- 4/12 we never saw Dec low prices again.
- 4/12 proceeded with a Jan-Feb monthly retraces (didn't close < Dec), whilst 4/12 continued higher.
- 4/12 saw lower prices proceeding more than 6 months.
- 3/12 were in mid bull markets (wave 3)
- 2/12 marked ATH's and to date 2/12 marked ATL's.
- 1/12 saw sideways action for 4 consecutive months
- 1/12 marked false low reversal signal (COVID)
In summary, for the 13th December close given the timing of cycles, this does mark a midterm turning point between cycles. Generally, at this point, it is more probable for a slight -25% retrace before continuation. Statistics on lower Dec ratios (<4/12) would suggest that in Q1 2024 we may just get the dip, but for how long will the Santa Rally continue? $48-50k high seems very likely but a close <
31K in the coming months on the retrace would prove something else is at play.
Sorry for rez, here is a better screenshot
https://www.tradingview.com/x/Wu1MKyV3/
December Marks pretty pivotable points in Bitcoin history. Typically the 19th-31st of December marks some decent moves, with either a slight pause for continuation or a major reversal.
12 statistics for 12 historical Decembers:
- AVG. Overall Returns +15.26%
- AVG. Positive Returns +52.73%
- AVG. Negative Returns -28.45%
- 7/12 saw Red candle closes, 5/12 saw Green. (2023 will likely be 6/12)
- 6/12 saw January close lower than Dec, whilst 6/12 did not.
- 4/12 we never saw Dec low prices again.
- 4/12 proceeded with a Jan-Feb monthly retraces (didn't close < Dec), whilst 4/12 continued higher.
- 4/12 saw lower prices proceeding more than 6 months.
- 3/12 were in mid bull markets (wave 3)
- 2/12 marked ATH's and to date 2/12 marked ATL's.
- 1/12 saw sideways action for 4 consecutive months
- 1/12 marked false low reversal signal (COVID)
In summary, for the 13th December close given the timing of cycles, this does mark a midterm turning point between cycles. Generally, at this point, it is more probable for a slight -25% retrace before continuation. Statistics on lower Dec ratios (<4/12) would suggest that in Q1 2024 we may just get the dip, but for how long will the Santa Rally continue? $48-50k high seems very likely but a close <
31K in the coming months on the retrace would prove something else is at play.Sorry for rez, here is a better screenshot
https://www.tradingview.com/x/Wu1MKyV3/
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