Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Additionally, there will be probably accusatory speeches this week (together with positive ones, no doubt).
Sell the news a few hours before the news?

Which ones could that be?

Quote

Overall, August is typically slightly bearish, followed by even more slightly bearish September, then bullish for the rest of the year.
It might play out just like that.

Not in past cycle top years, when July and August were monthly greens, so far.
I think i posted about this some days ago, IIRC?

Quote from: hisslyness on Today at 02:20:45 AM

are we poor again?

Since Bitcoin is "not real money" and "backed by nothing", we're even constantly broke, if not in debt. Wink

Us poor fucks... Tongue

1. US Congress will be debating 2-3 "crypto" bills. They don't differentiate between bitcoin and the rest. I am only interested in "taxation" bill, but Wall street is interested in CLARITY bill the most, it seems. The stablecoin bill should pass without much noise.

2. Re August-September- I referred to a graph that James (InvestAnswers) posted: https://youtu.be/maad4s7fRyE?t=233.
If we go up instead, so much for the better.

1. Thanks for updating me at the news front, i don't track US politics that much, even less so since i am working on two projects at office at the time.

2. Yes, indeed, over a whole cycle, in non-top years July/August/September are quite negative (red) in non-top years, which masks their greenishness in cycle-top years.
That said, i ain't sure about September being green overall in those top-years.
I just hit "All" on the timeframe and "monthly" on the chart and inspected the results myself, to my own surprise, wrongly memorizing Summer months as generally bearish.