Hello!
Today I found such an amazing analysis made by the twitter user @alphaazeta.
He/She, like most of us was wondering what happens to the Bitcoin price after a period where there is low volume trading (like the one we are now).
You can find the source of the data used here.
For this analysis the data selected are periods with low volume where the 30 day volume < 30%.
In addition it is represented what happens to the price after 30 days (marked with blue dots).
Here the results:
As you can see, the vast majority of blue dots are above the blue line, which means the 0% movement in price. All this dots are telling us that almost all of the times the break is on the upside.
Why I am sitting in cash if the data is screaming a BUY?
I don't know what to say, almost all of the crypto indicators that I am looking recently is telling me to buy. But all of the macroeconomic events are telling me to keep calm.
I know that I shouldn't try to time the market (It is proved to be a bad strategy). However if this time I am right I will be able to reach my goal of owning a single Bitcoin.
Enjoy! ??
