Technical Analyst | Spiralcalendar.com
Christopher Carolan provides original, calendar-based, technical analysis at spiralcalendar.com. He is the author of the 1992 book, The Spiral Calendar. Mr. Carolan’s paper, “Autumn Panics: A Calendar Phenomenon” received the 1998 Charles H. Dow Award. He is a former member of the Pacific Stock Exchange, and holds a Masters in Fine Arts degree from Washington University in St. Louis.
Presentation Topic : The 2017 Bitcoin Mania as a Calendar Phenomenon
The bitcoin price series represents an extraordinary data set of human emotional and irrational behavior, containing the action of millions of bitcoin traders and investors at hundreds of exchanges. The data set is a nearly pure representation of fear, hope and greed; unencumbered by the statistical noise of interest rates, earnings, and other influences. The historic bitcoin rise of 2017 presents a unique opportunity to study human fear and greed behavior, and particularly cyclical and calendar phenomenon, as behavioral drivers. The 2017 bitcoin mania provides striking confirmation for the Spiral Calendar hypothesis, first outlined twenty-five years ago. The fact that human behavior on a mass scale followed a specific, calendar structure allows us to begin to understand how mass, irrational behavior is ultimately a calendar phenomenon.