Houston on Nostr: So you thought it was going to be up-only Uptober? Think again. Looking back at the ...
So you thought it was going to be up-only Uptober? Think again.
Looking back at the average weekly returns for $BTC since 2010, week 40 has traditionally been a weak week.
So if you subscribe to seasonality, this week should mark the local bottom.
If you're a more active trader, you can start looking for bottoming formations that, if they work, will provide good asymmetric upside.
#trading #Bitcoin
Published at
2023-10-03 14:58:15Event JSON
{
"id": "4dd60e8451c66616c749ca3dc6e88663fc32e66c0542d4c73a45b72431f413c8",
"pubkey": "1146c0daffb25ca06a27a8f262412963570100705a9381cdd34410e1f6ac5ccf",
"created_at": 1696345095,
"kind": 1,
"tags": [
[
"t",
"trading"
],
[
"t",
"Bitcoin"
]
],
"content": "So you thought it was going to be up-only Uptober? Think again. \n\nLooking back at the average weekly returns for $BTC since 2010, week 40 has traditionally been a weak week. \n\nSo if you subscribe to seasonality, this week should mark the local bottom.\n\nIf you're a more active trader, you can start looking for bottoming formations that, if they work, will provide good asymmetric upside. \n\nhttps://m.primal.net/HMdQ.png\n\n#trading #Bitcoin ",
"sig": "ea45e06ffaed2dc33c96145afb52397a0a90a472b84ae1c1d43e52bc5b35f74cab0566fde8e1446681b302ac828abc99cbe11514a678f664dff0502b4593466c"
}
