the fourth quarter of the year normally determines whether that year is good or bad for the crypto market. if you look at the last year 2017 the cryptocurrency market started booming in the early October while nothing good happened in the last October yet the market is crashing very badly in November. i guest this year is not the good one for bitcoin and the cryptocurrency in general.
Just a couple weeks ago, everyone was insisting that Q4 is always bullish for BTC. Now we're seeing this "pattern" doesn't have much basis in reality. No surprise there since we only have a handful of years of price history!
It's probably best to assume the year after a bubble is going to be a bearish year. What comes up must come down.
Correct, this year debunk the myth that Q4 is always bullish and we can also say for now that past performance is not a good indication of future successes. Perhaps we just have a small sample size, but we need to take into account how volatile this market is. At least majority, specially those who joined in 2017 learned their lessons in a hard way. The price won't go parabolic and once it burst you need to be quick and should adjust your trading strategy. Otherwise you will be holding onto something that will less likely to happen and that could put a lot of stress on you as a trader.