Eyes on post election price action
These 3 charts indicate that price is usually fairly stagnant pre election.
The historical data on these charts only go back to 2012 however the patterns are almost identical.
Chart number 1 rallies to an all time high in 392 days, and chart 2 rallies to another all time high in 399 days.
The blue vertical line is the date of election and the pink line shows us where price was at that time.
This tells me that historically post election and early into the following year a bull run occurs. The year of an election also correlates with the year of a halving which seems to deliver positive price action.
Could 2021 be the next big bull run?
BTC/USD Weekly Timeframe
The historical data on these charts only go back to 2012 however the patterns are almost identical.
Chart number 1 rallies to an all time high in 392 days, and chart 2 rallies to another all time high in 399 days.
The blue vertical line is the date of election and the pink line shows us where price was at that time.
This tells me that historically post election and early into the following year a bull run occurs. The year of an election also correlates with the year of a halving which seems to deliver positive price action.
Could 2021 be the next big bull run?
BTC/USD Weekly Timeframe
Penafian
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