Not entirely true... I have been following bitcoin prices for weeks every day and in fact sometimes the reverse happens.
When the drop starts on Friday, expect it to go further down even on Monday so this theory will only get you loses if the trend is bearish
Another i noticed is that there are certain hours throughout the day when there is high volatility and low volatility depending on the trend.
Topic: Buy on Friday and Sell on Monday - page 2. (Read 881 times)
seems legit eh ? what i like is that you provide a chart and some analysis and not just coming up with that theory . i think im going to try this one out and see if it works better on me because before i dont usually follow a strict pattern on when to buy or sell .
i only buy and sell whenever i like and sometime i ended up entering and exiting on wrong times or i cant make the most of my money . i think i can increase my earning potential if i follow some guides like this . well see .
i only buy and sell whenever i like and sometime i ended up entering and exiting on wrong times or i cant make the most of my money . i think i can increase my earning potential if i follow some guides like this . well see .
I also think that this analysis and your theories can be useful in the future because it might not be a coincidence that it is good to buy in friday and sell on monday, so that you won't lose a lot of money and save a lot of money. But there maybe also times that it is not good to buy on friday and sell on monday.
That's a very good prediction, but I think every day the development of crypto always gives something new, so whether it's Sunday or Monday, if there is a FOMO, or a strong FUD at that time, prices can go down or up quickly. Well, I probably won't determine to buy or sell from the day, I will determine it from the circumstances.
Of course, it can't be guaranteed that this will happen every weekend. This analysis only shows that it is statistically more likely that the price will increase over the weekend than during business days.
However, I was more interested in the fact that this principle is reversed at the time of bear market and bull run.
That's a very good prediction, but I think every day the development of crypto always gives something new, so whether it's Sunday or Monday, if there is a FOMO, or a strong FUD at that time, prices can go down or up quickly. Well, I probably won't determine to buy or sell from the day, I will determine it from the circumstances.
Of course, it can't be guaranteed that this will happen every weekend. This analysis only shows that it is statistically more likely that the price will increase over the weekend than during business days.
However, I was more interested in the fact that this principle is reversed at the time of bear market and bull run.
That's a very good prediction, but I think every day the development of crypto always gives something new, so whether it's Sunday or Monday, if there is a FOMO, or a strong FUD at that time, prices can go down or up quickly. Well, I probably won't determine to buy or sell from the day, I will determine it from the circumstances.
I do not think this technique will always work without proper analysis. Suppose if you buy bitcoin on friday and dump the price, will you be able to sell again at a loss? Now what if everyone follows the same strategy? Then on friday the market will pump huge because all traders will be in buy mode, and on monday the market will dump huge because everyone will be in sell mode. That way the market doesn't go away. If you are a day trader, you need the ability to do the right market analysis.
Buy Bitcoin on Friday and Sell it on Monday?
A new Analysis that is against in my recent thread "Monday is the best day for you to buy your bitcoin?"
The researcher found that the average lowest price of bitcoin was at 6 am UTC time on Fridays and the best time to invest or buy bitcoin.
The research tends to find the open, close, high, and low for every hour of every week.
They found out that the market price on Monday and Tuesday has the Bitcoin price averaged 170 dollars higher than on Fridays. Meaning that Monday and Tuesday is the best time to withdraw your investment. Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.
read the info here:
https://www.longhash.com/en/news/3272/Friday-Lows-and-Monday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour
My Recent thread:
https://bitcointalksearch.org/topic/m.53657784
A new Analysis that is against in my recent thread "Monday is the best day for you to buy your bitcoin?"
The researcher found that the average lowest price of bitcoin was at 6 am UTC time on Fridays and the best time to invest or buy bitcoin.
The research tends to find the open, close, high, and low for every hour of every week.
They found out that the market price on Monday and Tuesday has the Bitcoin price averaged 170 dollars higher than on Fridays. Meaning that Monday and Tuesday is the best time to withdraw your investment. Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.
read the info here:
https://www.longhash.com/en/news/3272/Friday-Lows-and-Monday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour
My Recent thread:
https://bitcointalksearch.org/topic/m.53657784
Monday is the best day for you to buy your bitcoin? 
Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/
In the graph, we could easily see and conclude that Mondays are the top average return of all days in a week. Also, we could see that Wednesday and Thursday that has average return of -0.09% and -0.23%.
In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.
What are your thoughts about this?
I have tried to do such research before and my was buying bitcoin 6pm and sell it 6am and it works for sometime but later it started to failed. It will take extremely carefull for one to make consistent profit from a single strategy. Bitcoin is always down at the weekend and buying bitcoin on Monday might be the right thing to do but most Friday I always see bitcoin extremely volatile. Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/
In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.
What are your thoughts about this?
If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
Ha, ha, ha funny.If something like this happens, maybe I won't be able to go home one week in the future, I have to go out on Friday and go home. I have to wait for Bitcoin $ 11,000 to take responsibility for my wife, where do I take the money with me.
OP, your mind is not in my mind, I think the strategy is too excessive, Friday is bought on Monday sold, not like that happened when I was trading on Bitcoin, I have traded within 5 hours of buying the price of 9,000 $ and selling it for 9,500 $ in 5 hours.
your strategy does not seem to apply to me, I have hours and days of experience, not weeks too long, the worst thing is to buy Friday for $ 11000 on Monday for 10,000 $, watch or wait. No, no.
I appreciate your efforts in coming up with thread as it might be helpful for many and some might use this logic when they are not sure about buy/sell period but we cannot be dependent on this everytime as crypto is a dynamic domain and this will change every minute so it's better to use these cases into consideration before buying or selling since there has been days when bitcoin have reached rock bottom on Mondays. This analysis might be based on recent fluctuations.
The researcher found that the average lowest price of bitcoin was at 6 am UTC time on Fridays and the best time to invest or buy bitcoin.
If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.
Really not a good business because bitcoin volatility does not depend on the days of the week, it is not always that Fridays are good days to buy bitcoin and same with monday. The days of the week doesn't have much effect on bitcoin because the price moves mysteriously.
I keep on seeing post like this that relates the movement in the price of Bitcoin from the days in a week. But, I don't really believe something like this because, there are really no laws and concepts that would prove that the value of Bitcoin or other crypto currency is high or low in a specific day.
No one totally proves the movement (a certain price) of every cryptocurrency unless it was a stable coin. The price of bitcoin is always being discussed here especially the time that it hit again 10,000$. Even if you speculate and do deeper analysis about its price, still the result will have a chance to change. If you're going to buy on Friday when the price is higher later on if the price went dump do you think you will sell it? I guess probably not because you already lose some portion of your capital. Don't rely too much on other speculation and analysis. It's always better to do your assumption about this and don't lose your sight on the price if you intend to enter and to exit.
The past week is a good case in point for why you should never put stock into these "patterns":
~
Buy on Friday, sell on Monday? I sure hope you didn't!
What a regretting situation you have there pal. ~
Buy on Friday, sell on Monday? I sure hope you didn't!
I dont know why there are people who do believe on patters on weekly basis.When they do observe that friday is the best day to buy and sell it on monday then they do already
stick out to that kind of pattern which doesnt even think twice that all things are just pure coincidence into this market which nothing is fix or guaranteed to happen from time to time.
Lucky for those who do buy on friday and sell on monday but this is just temporal.
Movements changed and no specific time when to pump or dump,those graphs might indeed but in some instances only because if this is true then for sure all of us is making money every monday?
And there will be no Longterm holders because there is simple way to profit.
And there will be no Longterm holders because there is simple way to profit.
That could happen, but that cannot be a sign for us to buy on Friday and sell on Monday because the market will not move the same every week. We still need to watch and analyze the market to find a good time and the best price to buy and sell even if the movement almost the same as a week ago. But if you still want to do that, I think you should analyze more to find by yourself because I am still not sure about that.
Maybe OP is pointing that there is a chance but no assurance,and besides we still need to watch market always for updates specially for our altcoins as well.
Some people say so, and I commend the data provided. But still, I would more look into "season" for investment over day of investment since I am into long term holding than short term. This could be applicable in trading wherein prices are more monitored in order to come up with a good trade. But I do doubt that things will be consistent on both friday and monday market price.
I do thought of the same way at first but periods on the data provided have shown some point that it could really work that way for short term investors. Maybe it is not pure coincidence and if ever the price increase and decrease that way, trying it would be beneficial. Also , this topic is just a recommendation and it still depend to you whether to do the same thing or not.
Guys this is not a right way of buy and sell in crypto currency, just in two days you cannot expect a demand in the market. What if the market dumps suddenly on Monday? I will say this is purely depend on luck also you can even lose your money as well, First we need to analyse the market and then we have to plan according to it. Short term investment are always risky, so it's better to opt for a good time to sell.
It could work on short term investment, to be honest but I won't say that it would happen everytime. Consistency is absent in this industry. There could be instances that will prove the efficiency of this strategy but for sure it won't be all the time.I think there are many who experience difficulties and losses in trading crypto even though they have done technical or fundamental analysis, even though this method is really helpful, but in the end there will be a day where we will lose and sometimes all profits will disappear instantly.
I think this is just a coincidence that on Friday the price is cheap and Monday is expensive. We must not make it as a benchmark that Friday must be Buy and on Monday have to sell it. The world of trading really requires the good knowledge by learning technical and fundamental analysis techniques.
This analysis that comes from "experts" are not reliable since no one can accurately predict the price. Conduct your own analysis to better understand the flow of the market, that would be much better rather than following their predictions without concrete basis.
the problem is that the real experts will never waste their time spreading their "predictions" and analysis of the market to the public because there is no benefit in it for them. only those who have no skills in the market itself and need other ways to make money start releasing their so called "predictions" all over the internet.
otherwise if you could find a real expert and consult them you'll see how different your views of the market would become.
Guys this is not a right way of buy and sell in crypto currency, just in two days you cannot expect a demand in the market. What if the market dumps suddenly on Monday? I will say this is purely depend on luck also you can even lose your money as well, First we need to analyse the market and then we have to plan according to it. Short term investment are always risky, so it's better to opt for a good time to sell.
Its not that simple sadly, it has been the case strangely at times that a rule like this works. But its temporary or coincidence, a free market is self defeating (to simple speculation) in a way I cant properly describe but its part of why capitalism serves society not the other way round as some do argue and believe.
I would say we are negative and developing from here, stop 9700 to shorts. Overall I rate Weekends as a positive bias, there is a reason for that and it'd be lower volume. If any event occurs over those two days its not true and I guess lots of the world view these two days differently though its quite universal to do most main market deals on 5 main days of the week and all forex rates are fixed for sat and sun so far as I know.
I would say we are negative and developing from here, stop 9700 to shorts. Overall I rate Weekends as a positive bias, there is a reason for that and it'd be lower volume. If any event occurs over those two days its not true and I guess lots of the world view these two days differently though its quite universal to do most main market deals on 5 main days of the week and all forex rates are fixed for sat and sun so far as I know.
The past week is a good case in point for why you should never put stock into these "patterns":
Buy on Friday, sell on Monday? I sure hope you didn't!
Buy on Friday, sell on Monday? I sure hope you didn't!
This is more of a short term trading goal and I do not mind it but bitcoin is something that can gain so much in the long run that looking at just a 3-4 day spread would really hurt your chances of making any profit at all. Normally if you buy bitcoin at the first day of the year and sell it at the end of the year there is a 90% chance you will make a profit, sure in the 2018 one that would mean you would lose a lot of money but aside from that year I can't remember a single year where it would be really hurtful for your profits.
If you want to day trade that is fine but do not limit yourself to just couple of days, look at a bigger picture of what it could be and buy when it hits bottom and sell when you feel it peaked, that way you can remove all other data and just focus on the potential profits.
If you want to day trade that is fine but do not limit yourself to just couple of days, look at a bigger picture of what it could be and buy when it hits bottom and sell when you feel it peaked, that way you can remove all other data and just focus on the potential profits.
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