I was browsing the internet using my Brave Browser that pays me for my basic attention by earning BAT (Basic Attention Token). Anyway, I found this phase used by stockbrokers – Sell in May and Go Away. This is a well-known trade saying that warns investors to sell their holdings in May to avoid a seasonal decline in markets. If a trader follows the sell-in-May-and-go-away strategy, they would avoid the typically volatile May to October period. Investors may find this strategy more rewarding than staying in the markets throughout the year. As an crypto-investor, you may want to consider this strategy – Sell in February and Go Away… but Remember to Return in September. Here’s why?
The chart below shows the past five years of what happened to Bitcoin price at the beginning of September. In the last 5 out of 6 years, Bitcoin price starts to rise in September. This would be a 83% probability to happen. The only year Bitcoin did not increase was in 2014 due to Mt. Gox being hacked and filed for bankruptcy. If you disregard that event, bitcoin would have a 100% probability (shown with arrow) of increasing in September. With those odds, this is the big picture to get ready.
As a crypto-investor, Sell in February and Go Away… but Remember to Return in September to invest again.