Many market participants have not yet returned from the realm of Peter Pan and despite their age still believe in fairy tales, one of those fairy tales invented specifically for hamsters is patterns 😀 (not to be confused with market cyclicality)

You have probably come across videos, posts in TG, statements from 'experts' like:

"The New Year is coming, last year before the New Year there was a rise in Bitcoin, let's stock up because everything is cyclical" - the 'expert' mixes apples with oranges, and sometimes due to misunderstanding, sometimes intentionally, they pressure psychology and juggle facts, mixing them with nonsense.
Let me explain:
For the overwhelming majority of people who do not delve into it and are new to the market, the version with pre-New Year growth sounds like an argument, but in reality, it is not so.

We have a fact - before the New Year last year there was growth, if you don't delve into it and don't explore, you might think that Bitcoin just decided to make a New Year gift to everyone, and on the eve of this holiday, we can expect the same gift this year.
But in reality, everything does not work that way; growth has reasons, as I noted above, it may be a reaction to one of the events that took place last year, such as the release of important data, a Fed meeting, or the purchase by a large fund, or it could be everything together, and due to this, there was growth, and at the same time, there was the New Year holiday 😀
This year, before the New Year, there may be an outflow of funds, an exchange crash, or, for example, a stablecoin scam, which will serve as a reason for a decline, and all the patterns will go to one place) Or perhaps this year, something positive will happen, an influx of money from the outside, or news about the acceptance of something important, for example, and the price will also rise; in that case, the pattern will work, reinforcing in the minds of hamsters that it works, but in fact, the growth will be influenced not by the New Year but by another influx of money that can happen at any time throughout the year.

To prove that patterns exist in the market but never work and are not a metric, I want to suggest two experiments.

1. During the next pump of Bitcoin or any other coin, observe what happens to your body at that moment; for example, if your ear itches, note it down, and carry on. Then, the next time your ear itches - open the chart, and in a certain percentage of cases, at that moment, there will be a pump 😀 because there are constantly recurring events like a pump and an itchy ear, and if you overlay one on the other, it will match about 50% of the time))) So all the genius minds who shout about patterns to their audiences can add one more - I GIFT YOU.

2. Open the Bitcoin chart or any other coin, for example, on a daily timeframe, and look at the candles for the same day one year ago, two years ago, and three years ago)) In a certain percentage of cases, they will be approximately the same - hooray, another pattern. The same can be done with the same date of each month, and this can also be done on a 15-minute timeframe every 10 hours))

Stop suffering from nonsense, delve into studying the market and how it works; every local and global pump or dump has a reason, and the pump or dump itself is a consequence. If you have decided to spend time figuring it out, seek true reasons instead of tying growth or decline to random events.

Now about cyclicality - it exists in the market just like in life; in financial markets, it is the change from bear markets to bull markets, trends have changed, are changing, and will change, but just like any local or global change, the shift of cycles has reasons, and the change itself is merely a consequence. Year, day, month, hour, it's just time; cycles do not rely on it; a coin does not watch the calendar to give growth or decline on schedule; the coin changes in price due to something specific.

The end.