BTC and ETH : getting ready for November.


I wrote a few programs a while back to help me figure out if Bitcoin and Etherum have a seasonal component. I didn’t look at this until the second week of October, and I wish I had done so sooner. To be prepared this month, I’m sharing this a few days early. October has not yet been updated due to the fact that it is a few days early. Seasonal charts for BTC and ETH may be found below.

As you can see, November has traditionally been a good month for Bitcoin, though not as good as October or December. Instead of utilizing point-to-point returns, I calculated this using average daily returns. As you can see in the second graph, it has a high hit rate with positive results. As you can see in the second chart, it has a high hit rate, with positive returns in more than two-thirds of the Novembers examined.

It’s a different story for Ethereum, with November being one of only two negative months over the study period. According to its hit rate, it only made money 1/3 of the time during the study period. Again, October hasn’t been fully updated, and this is based on daily returns rather than point-to-point comparisons.

This is not, as always, investment advice. I utilize data sources that I believe are reliable, but I cannot guarantee their accuracy, so please conduct your own research before making a choice based on this information.

Elikem Codda

One Click Away From Financial Freedom

Previous article

Farmable on Binance Launchpad, $DAR an Action Adventure Play-to-Earn Game on BSC.

Next article

You may also like


Comments are closed.