Quote from: xxxx123abcxxxx on February 18, 2018, 11:26:45 PM

Quote from: shunyata on February 18, 2018, 10:41:10 PM

Quote from: xxxx123abcxxxx on February 18, 2018, 02:47:46 PM

Bitcoin Weekends

https://i.imgur.com/LO6AECY.png

I like this chart a lot. However you conveniently left out 2/11 which was followed by a green candle and a run of over $2k. I think this chart applies aptly in a bear market, but are we in a bear market? I recall during the run up from October that every Monday morning price seemed to go up.

Looking back:

Sunday 11/12 - followed by a green candle and big rally
Sunday 11/19 - followed by a green candle and consolidation
Sunday 11/26 - followed by a green candle and rally
Sunday 12/3 - followed by a green candle and big rally
Sunday 12/10 - followed by a huge green candle

Then the pattern flips to bear starting with your first date of 12/17.

So this pattern may just as well tell us tomorrow will be a big green day if we are out of the bear and back in the bull. Looks like Mondays are trend confirmation days.

Correct, the weekend of 11-FEB-2018 did produce a rally.
However, 6 out of 8 weekends since the end of 2017 have been the start of major sell-off legs averaging 34% in declines.
The current 9th weekend has already started with a 10% decline. Statistically, this would equate to a 77% chance of a bear market underway.

Were you stopped out or are you close to being be stopped?
Seems that bounce is prolonging. Strange enough, still 11.600-800 zone probably will be tested.