Analysis from the crypto financial services platform Matrixport uncovered a Bitcoin Lunar New Year trading strategy that has worked every year since 2015.
Twitter user @tier10k explained that buying Bitcoin on Lunar New Year day, then selling ten days later, has yielded an average 9% return between 2015 and 2022. Further, this strategy has a 100% hit rate of positive returns to date.
The chart below shows following this strategy in 2017 yielded the most significant return, at 15%. By contrast, 2018’s result, although a positive return, was relatively negligible, paying back just 1%.
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