Trading Insight_DN
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“SELL IN MAY” seems like we have forgotten this slogan, haven't we? :)))
🔸Somewhere last year, Sell In May and friends dived into shorts, only for it to rise from 56k$ to a whopping 70k$ in just one month :)))
🔸It’s not necessarily that Sell In May means you have to sell in May. But the breakdown effect during the same period is quite significant. Pay special attention to the period before the end of April.
I hypothesize that the ATSM scenario might coincide with 2024 BTC in the 2 days it dropped from 64,000$ to 56,000$ , which is a drop of 12.5%. If compared to the current situation, there are still a few days left to drop 12.5%, which is over 11,000 in price :))))
So, going back to around 82,000$ and then uptrend sounds reasonable, right? 😁
🔸Somewhere last year, Sell In May and friends dived into shorts, only for it to rise from 56k$ to a whopping 70k$ in just one month :)))
🔸It’s not necessarily that Sell In May means you have to sell in May. But the breakdown effect during the same period is quite significant. Pay special attention to the period before the end of April.
I hypothesize that the ATSM scenario might coincide with 2024 BTC in the 2 days it dropped from 64,000$ to 56,000$ , which is a drop of 12.5%. If compared to the current situation, there are still a few days left to drop 12.5%, which is over 11,000 in price :))))
So, going back to around 82,000$ and then uptrend sounds reasonable, right? 😁
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