Important BTC chart pattern

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Sometimes the healthiest thing you can do in Bitcoin is zoom out and take a look at the big picture. It's only then that you'll realise that a rather fundamental pattern has been repeating throughout 2018...

Following the hype at the end of 2017 and consequential bubble, January 6 marked the beginning of a huge drop removing more than 60% of BTC's value. The turning point? February 6... which took Bitcoin's value up until March 6 and the beginning of a steady decline.

When did that finish? April 6... and the start of another nice consistent climb, only interrupted on May 6, but the beginning of yet another decline. Human behaviour moves in some incredible patterns (and have led to numerous invaluable charting tools, such as Elliott Waves and Fibonacci Retracement ).

The question is, was this just five coincidences in a row, or will June 6 mark the beginning of another month of healthy Bitcoin growth?

Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Comment: So today is the day and... remarkably little is happening so far. At the time of writing we're only $15 away from today's opening price.

Then again, the Bitcoin market always did do the opposite of what is expected.
Comment: Will be interesting to see if anything happens today... the 6th of the month has almost always proved pivotal throughout 2018.


You didn't make any mention of it in your description the 6th of each month is the rollover date for BTC futures on CME. I only found out this information myself recently.
Great pattern detection there - thanks for sharing! But do you think that now you've discovered the pattern it will affect future predictions?
Ahh what fun.

6th time on the 6th of the month ... gotta break $6k?
Devils in the details.
Mega dump incoming.
gary-fry tradewizz
@tradewizz, how did u know?
tradewizz gary-fry
@gary-fry, the recovery was very weak. looked like a typical bounce/bull trap.
gary-fry tradewizz
@tradewizz, either you got amazing intuition or you got lucky - how do you measure a good recovery?
+1 Reply
shakeosm tradewizz
@tradewizz, please share your feeling or analysis.. really love to see it so we can educate ourselves ...
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