As you know, we usually post ideas from our algorithm, but today is diferent, I've been struggling with a crazy idea for some time and it's becoming more and more clear.
The bitcoin market has undergone significant changes over the past few years. In the past, it was known for its wild price fluctuations and was often associated with speculation and high risk. However, in recent years, the market has become much more stable and less prone to dramatic price swings.
There are several reasons that could potentially explain this shift.
One factor is that the market has become more mature and is no longer driven solely by speculation. As bitcoin has gained widespread acceptance and adoption, it has become a more legitimate asset class and is now being treated more like a traditional currency.
Another reason for the market's stability is that it is now being regulated more closely by governments and financial institutions. This has helped to reduce the level of risk associated with investing in bitcoin and has made it more attractive to mainstream investors.
Overall, the bitcoin market has become much more docile in recent years, with less volatility and fewer wild price swings.
But, how much more predictable?
Well, in the chart you can see the downtrend clearly moving inside a double channel, but take a closer look. Since top, we have a major support every -15% of price movement (green lines), so we could predict the next major support in the 13,500$ zone.
If this is not strange enough, we can also predict the time. During the last year we can observe cycles of 67 to 81 days drawn in blue. This projects the next peak in the second half of January before the next move.
As all models, this is not magic and will work until it doesn't work anymore but isn't it curious?
What do you think? Have you observed anything similar in BTC lately?
If you are looking for trading ideas in the short term/b], a simple system that is working nice is to buy if the price breaks upwards the resitances and sell if breaks down, it's a pretty clear ranging market, so it's much better than buy & hold right now. Buy and hold would be an option once we start to break the channel or important resistances and then we could see again a bullish market, not now.
The bitcoin market has undergone significant changes over the past few years. In the past, it was known for its wild price fluctuations and was often associated with speculation and high risk. However, in recent years, the market has become much more stable and less prone to dramatic price swings.
There are several reasons that could potentially explain this shift.
One factor is that the market has become more mature and is no longer driven solely by speculation. As bitcoin has gained widespread acceptance and adoption, it has become a more legitimate asset class and is now being treated more like a traditional currency.
Another reason for the market's stability is that it is now being regulated more closely by governments and financial institutions. This has helped to reduce the level of risk associated with investing in bitcoin and has made it more attractive to mainstream investors.
Overall, the bitcoin market has become much more docile in recent years, with less volatility and fewer wild price swings.
But, how much more predictable?
Well, in the chart you can see the downtrend clearly moving inside a double channel, but take a closer look. Since top, we have a major support every -15% of price movement (green lines), so we could predict the next major support in the 13,500$ zone.
If this is not strange enough, we can also predict the time. During the last year we can observe cycles of 67 to 81 days drawn in blue. This projects the next peak in the second half of January before the next move.
As all models, this is not magic and will work until it doesn't work anymore but isn't it curious?
What do you think? Have you observed anything similar in BTC lately?
If you are looking for trading ideas in the short term/b], a simple system that is working nice is to buy if the price breaks upwards the resitances and sell if breaks down, it's a pretty clear ranging market, so it's much better than buy & hold right now. Buy and hold would be an option once we start to break the channel or important resistances and then we could see again a bullish market, not now.
