$BTC
"Sell in May and go away!"
One of the most famous phrases that is always said in the stock market...
But does this phrase apply to Bitcoin?
Let's explain it simply...
Traditional stocks indeed perform poorly between May and October, which has led many to consider it a sacred rule.
But Bitcoin?
That's something completely different!
The market here operates 24 hours, has no holidays, no mercy, and no fixed rules!
In some years, we've seen Bitcoin soar in May, and in other years, it takes a sudden drop.
So there's no such thing as just following the wisdom and that's it!
You need to monitor indicators like:
MACD
RSI
Trading volumes
And most importantly: the monetary policies of the US Federal Reserve.
Those who play it right in crypto are the ones who follow the data, not the sayings.
Always keep your eye on the market, and be prepared for every scenario.
And the most important? Make sure you're trading on a reliable platform.