“The rear view mirror is always more clearer than the windshield.”
No one can predict the future with 100% certainty, but we can learn from the past. Looking back at how the markets have performed during previous months and years can give you an idea of what may be in store for the future.
January 2022 closed as a red month and near its historical red average of about -16%. Bitcoin has now had 3 consecutive red months. Can we hope that the month of February can turn things around?
February is know for the most romantic holiday, Valentine’s Day. Love however isn’t really seen in the stock market… In the stock market, February isn’t typically a good month. In fact, from the year 2000 to 2020, February saw an average decrease of -0.65%. February might be a good time to purchase stocks then if the market is down.
What about the cryptocurrency market? Historically, how has Bitcoin performed during the month of February? Bitcoin could certainly use some love…
Surprisingly, February has historically been a good month for Bitcoin! As a matter of fact, seven of the last ten February months have been green, with an average monthly return of 24.5%! When February has been red, the average returns were -15%.
Investors and traders should be cautious this month. The months of April, May, November and December have historically been green months, but 2021 decided that they all would be red last.
The Greed and Fear Index has settled at “Extreme Fear” for weeks now… Today the sentiment is at “Fear.”
Bitcoin has continued to follow this downward trend that started back in November 2021. There is a possibility that Bitcoin could see a retest of $28,000.
HOWEVER…. Things could still get better. I’m not 100% that Bitcoin is finished. Zooming out and looking at the macro timeframe Bitcoin is still in an uprising trend. As long as Bitcoin does not close the weekly BELOW $32,000, then we are still in an uptrend.
Anything can happen. Always expect the unexpected. Stick to your plan. Take profits. Set your stop losses. Don’t get greedy.
Thank you for your time! If you found this article interesting or helpful in any way please let me know in the comments below. Feel free to follow me for more articles on how I invest or how I earn other free rewards such as crypto, stocks, or gift cards.
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*Disclaimer- I am not a certified financial planner/advisor, certified financial analyst, economist, CPA, accountant, or lawyer, or anything important for that matter. The contents of this article are for informational, educational, and entertainment purposes only and do not constitute financial, accounting, or legal advice. Always do your own research.*
