Will Bitcoin Benefit From the Halloween Effect? $BTC
The Halloween Effect, Halloween Indicator, or Halloween Strategy, is trading on a belief that assets typically perform better from October through May. This is also where the "Sell in May and Walk Away" idea comes from.
This post looks at past performance in Bitcoin starting back from Bitcoin's last bull market, to get an idea of what sort of gains we can expect to see after this Halloween. On average, Bitcoin has gained nearly 50% from Halloween through May 1st. The big difference this time around, is that May 2020 is Bitcoin's halving. What will happen this year?
This post looks at past performance in Bitcoin starting back from Bitcoin's last bull market, to get an idea of what sort of gains we can expect to see after this Halloween. On average, Bitcoin has gained nearly 50% from Halloween through May 1st. The big difference this time around, is that May 2020 is Bitcoin's halving. What will happen this year?
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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