Re: December Has always Proved to Be a Good Month For Cryptocurrency industry
Looking over the uncontextualized data, price has a good behaviour on only one out of the past four Decembers, being December 2020 structural the path to the subsequent 2021 ATH:
Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that were much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.
Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that were much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.
The data even proves that we shouldn't relay on it with our predictions.
For instance, if you followed the chart between 2013 and 2018 you'd say that out of the last 5 Junes 4 were good, you'd buy in May thinking the pattern would continue and you'd get a 14% loss. Then next year you'd probably think that last June was so bad you'll stay out of it for that month and you'd miss out on a 26% increase.
As for Decembers, there's a clear pattern. 2014 and 2018 were the first years after ATH and they were red. out of the winters that did not come in less than 12 months after ATH only 2019 had a very small 5% drop. All other Decembers were green. This time our December right after ATH was in 2021, so we already had our red month. If we follow the pattern, there's a high probability this one will be green.