Nov 24, · Based on the historical price data from 24crypto.de, Bitcoin has experienced some wild swings over the weekends. The most significant and popular one was the all-time high of around $ on a Saturday in December A recent low of $ on a Sunday on November 15 was a weekend shake off after trading above $ for over 3 days. Dec 20, · No, Bitcoin or any other crypto prices don’t go down on weekends or any public holidays. 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. Jun 29, · Bitcoin, which trades 24/7, tends to spike on weekends. In fact, surges in weekend activity since the beginning of May account for about 40% of Bitcoin’s Author: Vildana Hajric.
Bitcoin trading weekendsWeekend Day Trading - Trading hours, Markets and Strategies
Search Advanced search…. Everywhere Threads This forum This thread. Search Advanced…. New posts. Search forums. Why does bitcoin price go down on the weekends?
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.
If you see gaps in low-volume markets like on the weekends, there is a high chance they will close. Because you know the gap will close you have all the information needed to turn a profit. You know:.
This strategy is straightforward and can be applied to currencies and commodities. All you need is your weekend trading charts and you can get to work. You can even pursue weekend gap trading with expert advisors EA.
This is an effective strategy to add to your weekend arsenal. This makes it the ideal foundation for your weekend strategy.
These bands often yield the best results at the weekend. This is because in the week news events and big traders can start new movements, so the trading range varies more.
When the standard variation shifts, so do the upper and lower Bollinger Bands. Strong movements will stretch the bands and carry the boundaries on the trends. This can render predictions useless. However, the reduced volume on the weekend makes the market more stable. The weekend is an opportunity to analyse past performance and prepare for the week ahead. So, consider spending the weekends pursuing the following:.
You can use those lazy Sunday hours to simulate market environments of the past to test potential strategies. Whilst it must be said past performance is no guarantee of future performance, it can be a strong indicator. Not to mention you can iron out any creases so your plan is ready to go when you head online at am on Monday morning. When the markets are open you can often get caught in a whirlwind of emotions and trading activity.
The weekends are fantastic for giving you an opportunity to take a step back. You can take a look back and highlight any mistakes. This will help you implement a more effective trading plan next week. Perhaps you may need to adjust your risk management strategy.
The weekend also gives you the opportunity to investigate any upcoming events that may impact your market. The DailyFX Economic Calendar, for example, allows you to identify important economic dates, like policy reform.
You can then tweak your action plan to take into account upcoming events that are going to influence market conditions. For the switched on day trader the weekend is just another opportunity to yield profits.
Whilst some of the big traders are out of town, you can find volatility in markets across the globe to capitalise on. If you do want to trade, remember to amend your strategy in line with the different market conditions.
Alternatively, opt for one of the weekend specific strategies above. If you want a break from the bustle of actual trading, you can still prepare for the week ahead. You can utilise any of the educational resources listed above, or you can start back-testing and strategising for Monday. Weekend Brokers in Russia. With tight spreads and no commission, they are a leading global brand.
Avatrade are particularly strong in integration, including MT4. You should consider whether you can afford to take the high risk of losing your money.