12-27-2022, 02:20 PM
2022 will likely be the second worst year in Bitcoin’s history, yet the only year
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/zvwfsc/2022_will_likely_be_the_second_worst_year_in/"> <img src="https://b.thumbs.redditmedia.com/K0QCQi8nW2641zUF9Xw6VVVyGXyVPxd47VBTiUUAe3c.jpg" alt="2022 will likely be the second worst year in Bitcoin’s history, yet the only year with four consecutive red quarterly candles" title="2022 will likely be the second worst year in Bitcoin’s history, yet the only year with four consecutive red quarterly candles" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>At the time of writing, Bitcoin is $16.7k. There no doubt that this will be a red year, given that at the start of the year, Bitcoin was $47K (so sad...). Three observations + questions from my side knowing that the yearly close is in a few days:</p> <p><strong>(1) With this yearly close, Bitcoin completes the typical cycle of "three green years --> one red year".</strong></p> <p>​</p> <table><thead> <tr> <th align="left">?2011</th> <th align="left">?2015</th> <th align="left">?2019</th> <th align="left">2023?</th> </tr> </thead><tbody> <tr> <td align="left">?2012</td> <td align="left">?2016</td> <td align="left">?2020</td> <td align="left">2024?</td> </tr> <tr> <td align="left">?2013</td> <td align="left">?2017</td> <td align="left">?2021</td> <td align="left">2025?</td> </tr> <tr> <td align="left">?2014</td> <td align="left">?2018</td> <td align="left">?2022</td> <td align="left">2026?</td> </tr> </tbody></table> <p><em>The question is, what about 2023, 2024, and 2025? Will the cycle continue?</em></p> <p>​</p> <p><strong>(2) Bitcoin is looking to have the second worst year in history, with ~65% on a year to year basis. Only 2018 was worse with -73%.</strong></p> <p>Or will we dump more and beat 2018? Given the macro, is it not a miracle that this year was not the worst one in history?</p> <p><a href="https://preview.redd.it/tnf34mxewa8a1.jpg?width=1237&format=pjpg&auto=webp&s=456598caf7ddf9f10a7d4cc795d96dba242e1013">https://preview.redd.it/tnf34mxewa8a1.jpg?width=1237&format=pjpg&auto=webp&s=456598caf7ddf9f10a7d4cc795d96dba242e1013</a></p> <p>​</p> <p><strong>(3) This will likely be the very first time Bitcoin has four consecutive red quarterly candles</strong></p> <p>To avoid this from happening, we need a close above $20K. Note that we did have three quarterly candles in a row before, highlighted with a circle in the graph below.</p> <p><a href="https://preview.redd.it/fdxojm1fva8a1.png?width=1821&format=png&auto=webp&s=31a01032973c1cc95aa0819659128c0c875490ba">Bitcoin quarterly chart</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zvwfsc/2022_will_likely_be_the_second_worst_year_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zvwfsc/2022_will_likely_be_the_second_worst_year_in/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/zvwfsc/2022_will_likely_be_the_second_worst_year_in/"> <img src="https://b.thumbs.redditmedia.com/K0QCQi8nW2641zUF9Xw6VVVyGXyVPxd47VBTiUUAe3c.jpg" alt="2022 will likely be the second worst year in Bitcoin’s history, yet the only year with four consecutive red quarterly candles" title="2022 will likely be the second worst year in Bitcoin’s history, yet the only year with four consecutive red quarterly candles" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>At the time of writing, Bitcoin is $16.7k. There no doubt that this will be a red year, given that at the start of the year, Bitcoin was $47K (so sad...). Three observations + questions from my side knowing that the yearly close is in a few days:</p> <p><strong>(1) With this yearly close, Bitcoin completes the typical cycle of "three green years --> one red year".</strong></p> <p>​</p> <table><thead> <tr> <th align="left">?2011</th> <th align="left">?2015</th> <th align="left">?2019</th> <th align="left">2023?</th> </tr> </thead><tbody> <tr> <td align="left">?2012</td> <td align="left">?2016</td> <td align="left">?2020</td> <td align="left">2024?</td> </tr> <tr> <td align="left">?2013</td> <td align="left">?2017</td> <td align="left">?2021</td> <td align="left">2025?</td> </tr> <tr> <td align="left">?2014</td> <td align="left">?2018</td> <td align="left">?2022</td> <td align="left">2026?</td> </tr> </tbody></table> <p><em>The question is, what about 2023, 2024, and 2025? Will the cycle continue?</em></p> <p>​</p> <p><strong>(2) Bitcoin is looking to have the second worst year in history, with ~65% on a year to year basis. Only 2018 was worse with -73%.</strong></p> <p>Or will we dump more and beat 2018? Given the macro, is it not a miracle that this year was not the worst one in history?</p> <p><a href="https://preview.redd.it/tnf34mxewa8a1.jpg?width=1237&format=pjpg&auto=webp&s=456598caf7ddf9f10a7d4cc795d96dba242e1013">https://preview.redd.it/tnf34mxewa8a1.jpg?width=1237&format=pjpg&auto=webp&s=456598caf7ddf9f10a7d4cc795d96dba242e1013</a></p> <p>​</p> <p><strong>(3) This will likely be the very first time Bitcoin has four consecutive red quarterly candles</strong></p> <p>To avoid this from happening, we need a close above $20K. Note that we did have three quarterly candles in a row before, highlighted with a circle in the graph below.</p> <p><a href="https://preview.redd.it/fdxojm1fva8a1.png?width=1821&format=png&auto=webp&s=31a01032973c1cc95aa0819659128c0c875490ba">Bitcoin quarterly chart</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zvwfsc/2022_will_likely_be_the_second_worst_year_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zvwfsc/2022_will_likely_be_the_second_worst_year_in/">[comments]</a></span> </td></tr></table>