Bitcoin trading strategy avoid weekends indiaEZ Trade Options was created by a team of financial experts that have over bitcoin trading strategy avoid weekends India 50 years of experience with the Forex market as well as payment process and managerial tasks. Bitcoin works all the time. So you can trade Bitcoin on weekends or at night. Since its inception on January 3, , Bitcoin has had a remarkable availability rate of %. However, Bitcoin is no longer traded on weekends or at night on a market such as the CME (Chicago Mercantile Exchange). Jun 29, · If this week’s boom and bust trading didn’t scare you away, you might want to do so on a Saturday or Sunday. Bitcoin, which trades 24/7, tends to spike on weekends. Author: Vildana Hajric.
Bitcoin trading on weekendsBloomberg - Are you a robot?
I suspect this is the primary source of bitcoins for new investor demand, except during rapid price surges. The absence of buying demand from those HODLers on weekends can lead to a price drop as mined coins are continuously dropped onto the market. As an additional hypothesis, I bet that: 1 Price tends to increase on weekday mornings of the biggest Bitcoin buyers markets as many people make a decision to buy Bitcoin as an investment in the morning and execute their buys then.
I have noticed a big spike in price that happens regularly in the evening here morning for Chinese buyers. In an ideal world these kinds of patterns would be arbitraged away. However the bitcoin to fiat marketplace is very imperfect as many are quite justifiably! Now I just have to spend some time gathering exchange price data and see if they fit my casual observations. As for trading them - I'll leave that to others. My own bitcoins leave Coinbase as soon as they are eligible!
Erdogan Active Member. Aug 30, It doesn't. I'll have to figure out how to get a dataset, define "weekends" in a world clock, and then do some number crunching and post the results.
Bagatell Active Member. Aug 28, 1, I'll have a look later - off now to bury my dog. I am so sorry. We have horses, donkeys, dogs and cats and I know how hard it is to lose them. Take care. He showed me how to die with dignity. Life goes on. Reactions: Matthew Light. Thanks for posting that. Looks like someone else has seen at least some evidence of a difference in weekend trading, specifically Sundays, and weekday trading, specifically Wednesdays.
Jan 1, 0. I noticed this a few months ago and downloaded some price data to test the significance. I didn't save or plot anything; I just used ipython to get some p-values. It is real. I don't know if it's profitable enough to overcome costs. The reason, I believe, is that banks are closed at the weekends and so you can't send money to an exchange via a bank and buy bitcoins at the weekend.
You can very easily send bitcoins to an exchange and sell them, but you can't buy, unless you've left dollars on the exchange from earlier in the week. When bitcoin buyers send fiat to the exchange, it mostly arrives early in the week, with more fiat transfers arriving on Monday and Tuesday than Thursday or Friday. Deep Sea New Member. Mar 13, 0. Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors.
Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past.
Below are some of the main factors that can influence the bitcoin price: 1. Government Regulation Each time a government releases official statements about the regulation of digital currencies, the price of bitcoin is normally affected.
Even if the actions of that government are not related to the virtual currencies directly, the impact will still be felt. A good example of this can be derived from the Cyprus banking crisis, where the government seized funds.
This prompted discussions on whether Cyprus should adopt Bitcoins as their new currency. Media Influence The media can also influence the bitcoin price significantly. Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. For instance, news about bankruptcy or hacks on bitcoin-related websites and services can cause panic and disruption among bitcoin users, leading to price dips. Stability of the Bitcoin Network Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about.
Most people want a secure network where they will not lose their money. Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. The Bitcoin Demand and Supply The price of bitcoins is largely depended on the demand and supply. This means that high demand and low supply often leads to an increase in the price.
Note that bitcoins have a controlled supply whereby the total number of bitcoins in circulation must never be more than 21 million. Due to the limited supply, there are speculations that the bitcoin price will continue to rise with time. Wider Mainstream Acceptance This is another major factor that influences the price of this crypto-currency significantly.
Even if it has faced a number of challenges and detractors, many well-known companies and businesses have started accepting bitcoins as a means of transaction. Large Businesses Dumping to Fiat Currency Given that bitcoins are not widely accepted as a means of transactions or payment, not many people and institutions can accept them.
When trading on forex platforms Bitcoin is considered as an underlying asset. Therefore, you are not actually required to own the cryptocurrency. Though Bitcoin exchanges present scores of options, they are unstable and are prone to scams. A majority of these exchanges that have come up following the launch of Bitcoin have closed down. This has resulted in many investors losing their hard earned money. A few of these exchanges are of course reliable, but a vast majority of them are scams.
You may argue that the same things can be said about the online forex brokers as well. However, the fact is that the situation is much better as far as forex trading industry is concerned. This is because you can always choose to work only with regulated brokers. Such forex brokers are bound by the law to stick to certain stringent stipulations and meet capital adequacy norms.
In the case of online forex brokerages, all the costs related to trading are often built into the spread. The spread varies depending on volatility. In the case of Bitcoin exchanges , the spreads are usually tighter, but in addition to the spread commissions are also charged based on volume.
In many situations, the cost of trading the Bitcoin may be more or less the same. Leverage, which offers a lot of flexibility, gives forex brokers an advantage over exchanges. You can get a leverage of up to or on an exchange.
Forex brokers offer a leverage of Some brokers may offer even more on Bitcoin trades. In this regard, the exchanges may be superior compared to online forex brokerages.
However, the non-availability of coin variety is not really a cause for worry when you work with some of the best forex platform providers.
MetaTrader 4 and MetaTrader 5 trading platforms are offered by many online forex brokers. In fact, MT4 and MT5 are considered as the forex market standard. This is not just a random decision. The MetaTrader platform is technologically advanced and offers enhanced security to enable trader open and close positions without worrying about platform stability.
There are several other features as well that make MetaTrader platform the best choice for forex and Bitcoin trading. Having said this, here are some of the best Metatrader 4 and MetaTrader 5 forex brokers that offer Bitcoin trading:. FBS, an international forex broker, has a presence in over countries. The online forex company boasts of 2,, traders clients and , partners. For Muslim traders, the broker provides swap-free or Islamic accounts.
It is also European Union-registered forex broker.