‘Red september’ is coming - What should you expect?

The US stock market carries all the signs of an impending correction while Bitcoin is trading just shy of a new record. With those two data point as they are,, it seems to me that “red September,” traditionally one of the worst months for crypto (and the stock market) could become quite painful. Peter Brandt actually predicted this at the beginning of the year, so congratulations to him (if it turns out right). What do you think? Are you bullish or bearish for September?

Summer months

Stay away in May, but remember to come back at the end of September, says a legendary stock market proverb. It was formed when wealthier Americans would descend to their summer villas in May and only return at the end of September. Because they took their investments with them on vacation, the American stock market performed worse on average between May and September.

The profits they made between October and April were used to finance those summer months.

Traditionally, October through April are therefore the best months for the stock market, depending on how far back you look, of course.

September is just about the worst month for the stock market, and that actually applies to Bitcoin as well. That’s why articles like this are posted repeatedly, even on the more well-known crypto news sites, which naturally worsens sentiment of course.

Bitcoin has fallen by an average of 3.77% every September month since 2013 and has even crashed eight times, according to data from Coinglass. That doesn’t bode well for the next four weeks.