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Technical analysis by LiquidMafia about Symbol BTC on 12/24/2023

https://sahmeto.com/message/3348261
LiquidMafia
LiquidMafia
Rank: 5838
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12 statistics for 12 historical Decembers:December Marks pretty pivotable points in Bitcoin history. Typically the 19th-31st of December marks some decent moves, with either a slight pause for continuation or a major reversal.12 statistics for 12 historical Decembers:- AVG. Overall Returns +15.26%- AVG. Positive Returns +52.73%- AVG. Negative Returns -28.45%- 7/12 saw Red candle closes, 5/12 saw Green. (2023 will likely be 6/12)- 6/12 saw January close lower than Dec, whilst 6/12 did not.- 4/12 we never saw Dec low prices again.- 4/12 proceeded with a Jan-Feb monthly retraces (didn't close < Dec), whilst 4/12 continued higher.- 4/12 saw lower prices proceeding more than 6 months.- 3/12 were in mid bull markets (wave 3)- 2/12 marked ATH's and to date 2/12 marked ATL's.- 1/12 saw sideways action for 4 consecutive months- 1/12 marked false low reversal signal (COVID)In summary, for the 13th December close given the timing of cycles, this does mark a midterm turning point between cycles. Generally, at this point, it is more probable for a slight -25% retrace before continuation. Statistics on lower Dec ratios (<4/12) would suggest that in Q1 2024 we may just get the dip, but for how long will the Santa Rally continue? $48-50k high seems very likely but a close <31K in the coming months on the retrace would prove something else is at play.Sorry for rez, here is a better screenshothttps://www.tradingview.com/x/Wu1MKyV3/

Translated from: English
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Signal Type: Neutral
Time Frame:
1 month
Price at Publish Time:
$41,012.94
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