In addition to that, for those who are involve in a daily trade on short term basis, i think morning (i'm on CET) is a good time to buy and evening it's a good to sell. The logic behind this is that just before the market get saturated (daily buying & selling begin's) you could buy cheaper & resell when buying and selling is very concentrated.
Thanks
Soldierwitlittlefaith
Topic: Monday is a good time to buy BTC? Is that proved one more time? - page 2. (Read 490 times)
February 12, 2020, 08:29:41 AM
February 11, 2020, 11:13:49 AM
Monday is a great time to buy only because it is the start of the work day, do not mistake that and start investing on a Monday that is a holiday for example, if one day Christmas hits on Monday for example, do not think Mondays are good and buy that day. Plus there are movements on bitcoin like crazy all the time by whales or other people, so in general Monday is a good day on average but there will be days where movements are crazy on weekends or any other day and be horrible on Monday, or maybe some whale will sell all of his coins on a Monday and make you lose money.
So in general, the average result is; yes Monday is a good day to buy btc, but that doesn't mean that it is like that 52 times a year, there are exceptions which changes this and knowing them is the real challenge.
So in general, the average result is; yes Monday is a good day to buy btc, but that doesn't mean that it is like that 52 times a year, there are exceptions which changes this and knowing them is the real challenge.
February 11, 2020, 09:45:24 AM
If you consider 1 day chart on tradingview or any other platform than you can see that for few coming days we might experience some dump. Maybe price would get close to $9500 before we could again experience the pump. Markets are in an ascending value and hence the graphs are moving towards higher targets. But, any of the graph can't just continue having a pump without considering the current situations.
There are dumps before pumps and vice-versa. The prices are much volatile which might make them counter your price in a glance of eye. Maybe after 2 or 3 days we could see a pump again which might eventually cross $12,000. I haven't considered $14,000 target for now as there is a strong resistance above $12,000 and once price starts climbing above it than we could expect a bull rally.
There are dumps before pumps and vice-versa. The prices are much volatile which might make them counter your price in a glance of eye. Maybe after 2 or 3 days we could see a pump again which might eventually cross $12,000. I haven't considered $14,000 target for now as there is a strong resistance above $12,000 and once price starts climbing above it than we could expect a bull rally.
February 11, 2020, 08:21:31 AM
I was able to engage with the previous post telling that Mondays are the best day to invest in Bitcoin. As I recap, I stated that I had experienced trying to analyze specific days, hours and even months that are best to invest in Bitcoin.
But for this week, that theory got it. However, it is not yet sure if it really is best to invest on Mondays. We will try to find out the next week. I will then try to invest in Mondays on the next week after that.
But for this week, that theory got it. However, it is not yet sure if it really is best to invest on Mondays. We will try to find out the next week. I will then try to invest in Mondays on the next week after that.
February 11, 2020, 08:08:46 AM
Until Sunday bitcoin prices seemed stable and calm; market did not show any significant movements; I kept checking on preev it showed most of the times $10070. But, suddenly today I see once $10050 and then after one hour I witnessed $9930 and then it seemed recovery in progress as I see again prices above $10k levels.
And now it's Tuesday and the prices are even lower, so, is Tuesday a good time to buy BTC?
Because right now Monday was a good time to sell!
But, what Mondays are we talking about?
Japan time or Us Pacific time?
Because Japanese dumping on Monday means the price is going down Sunday on the west coast
Monday's might show us some dump because people would prefer selling their coins after weekends to get into new coins but this is just a prediction.
If people are selling their bitcoins to get more other coins then somebody is also selling altcoins for bitcoins , right?
But if those that sell bitcoins are the majority then you would see the altcoins skyrocket, which didn't happen.
Also BTC <>alts wouldn't influence the USD value, right?
February 11, 2020, 07:57:45 AM
Monday was a decline for BTC and to buy into that is something of a gamble to hope that by the end of week it will have turned around. There is no rule its following that would make it bullish by any certainty.
Its better to wait for it to stabilize then buy into continuing weakness. Its near to the weekly average now which I generally expect to mark the boundaries to price remaining positive or negative in short to medium term. Also we have some channel that will mark off over the week whether it holds, if it fails then 8k could happen making a monday buy not the best as it was ignorant to larger factors.
I do not really think that days might affect the price of bitcoins. Monday's might show us some dump because people would prefer selling their coins after weekends to get into new coins but this is just a prediction. We might never know the actual reason why bitcoins keeps on dumping on Mondays. This week might be stable for bitcoins but at the end of this week we might experience some huge dump or pump.Its better to wait for it to stabilize then buy into continuing weakness. Its near to the weekly average now which I generally expect to mark the boundaries to price remaining positive or negative in short to medium term. Also we have some channel that will mark off over the week whether it holds, if it fails then 8k could happen making a monday buy not the best as it was ignorant to larger factors.
We can't know what exactly it would be but preferably we are waiting for pump. The graphs are showing us some signs than in few coming days bitcoins might experience something huge. We all should expect that it is a pump and not a dump because in case of a dump, we might see bitcoins on average of $8000 again.
February 11, 2020, 07:26:27 AM
It is very dangerous to believe that kind of thing. But there is something that has been leaving me to think a lot. I don't know if you noticed this, but in the last few months when these analysts posted some negative price prediction on their twitter accounts, hours later the price increased a lot. I have been observing these scenarios for 4 months, and it seems to me that this has become a standard. am I wrong? is it my imagination?
February 11, 2020, 02:51:21 AM
Monday was a decline for BTC and to buy into that is something of a gamble to hope that by the end of week it will have turned around. There is no rule its following that would make it bullish by any certainty.
Its better to wait for it to stabilize then buy into continuing weakness. Its near to the weekly average now which I generally expect to mark the boundaries to price remaining positive or negative in short to medium term. Also we have some channel that will mark off over the week whether it holds, if it fails then 8k could happen making a monday buy not the best as it was ignorant to larger factors.
Its better to wait for it to stabilize then buy into continuing weakness. Its near to the weekly average now which I generally expect to mark the boundaries to price remaining positive or negative in short to medium term. Also we have some channel that will mark off over the week whether it holds, if it fails then 8k could happen making a monday buy not the best as it was ignorant to larger factors.
February 11, 2020, 02:47:27 AM
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But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
You do not panic, we know that the decline in bitcoin is currently only a slight correction and this is a recovery and this is not a big dump after touching $ 10k, in the last few weeks they have a good movement they go up little by little then down again and up again I think it will continue like this until the price of bitcoin can reach $ 15k.
Your hope will not be destroyed I believe bitcoin this month will soon be reached in $ 12k for me this will be easy to achieve because the news is good enough bitcoin there is no fud that continues to negate bitcoin.
February 11, 2020, 12:43:16 AM
As i see yes Monday is a good time to buy crypto, because bitcoin price now drop and well save some money and buy more coins if tgeb buy it Sunday.
I don't get the logic that it would be good on mondays since as what I have observed, during mondays, the price is not that different from the price of other days within a week. It would be better to say that there is a 'period' wherein it is best to buy Bitcoin because the market prices do change a lot and there are times wherein the market price stays low, which is practically, an opportunity to invest.There is no consistency by the way so I won't believe there are specific days that would be "best" in this industry. The changes in the market prices in times of mondays might be just a coincidence. Because if it is really a good day to invest, it would be consistent, such that no mondays would be 'off' for an investor to make an investment.
February 10, 2020, 06:46:15 PM
Until Sunday bitcoin prices seemed stable and calm; market did not show any significant movements; I kept checking on preev it showed most of the times $10070. But, suddenly today I see once $10050 and then after one hour I witnessed $9930 and then it seemed recovery in progress as I see again prices above $10k levels.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
I could suggest that you'll have to show some charts that will correlate to your statement and everyone could see its difference, not only just in the last week or even just a month... But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
Yeah, it is really hard to say that it is right until proven cause we know the fact that the market is often to change every time. However, the market seems to be at good and it continues to move high that is why we can't really notice it dumps rather than focusing on its increase.
February 10, 2020, 06:28:18 PM
As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it.
It's funny. Years ago, everyone thought the opposite. BTC traders would always talk about "The Weekend Dip." Since bank deposits stopped flowing into exchanges on weekends, they speculated that price should drop. "New Money Monday" on the other hand, would bring fresh money into exchanges and cause prices to rise again.
In my experience, patterns like these aren't nearly consistent enough to profit from.
February 10, 2020, 05:53:06 PM
Until Sunday bitcoin prices seemed stable and calm; market did not show any significant movements; I kept checking on preev it showed most of the times $10070. But, suddenly today I see once $10050 and then after one hour I witnessed $9930 and then it seemed recovery in progress as I see again prices above $10k levels.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
I don't think that there is reason to panic just because prices have corrected.
Sure, $10k is a important psychological resistance but at the end of the day, this correction was due to happen.
The mood is still very bullish and sentiment is one of the best indicators of future price activity, especially when expectations ar that we are at the start of a bull market. I'd start dollar cost averaging while bitcoin is still below $10k, because honestly we could be saying goodbye to 4 digit BTC prices for a long time as we get closer and closer to halving.
February 10, 2020, 04:13:30 PM
I have seen bitcoin reached $10,100 but I didn't sell because I'm bullish and long term already. IIRC, someone posted this kind of observation that whenever we hit Monday, the market starts to be dumped and it's a sign of buying time.
Sometimes it's like that but let's see if the next Monday's will be the same with what we're thinking. But if it plummets by Monday or not, no need for the validation of this observation and think of yourself to buy before it recovers.
Sometimes it's like that but let's see if the next Monday's will be the same with what we're thinking. But if it plummets by Monday or not, no need for the validation of this observation and think of yourself to buy before it recovers.
February 10, 2020, 03:02:07 PM
Relax and take a chill pill - this short term correction was needed and expected.
The gains that were made were definitely unsustainable over the past few days and an adjustment was going to come as a matter of time - there's no if's and but's.
I'd actually expect prices to slip a bit further down before retesting the $10k resistance, which this time I think will turn into support for future rallies. With the halving upcoming I think that there is definitely reason for optimism, albeit a somewhat subdued sort.
The gains that were made were definitely unsustainable over the past few days and an adjustment was going to come as a matter of time - there's no if's and but's.
I'd actually expect prices to slip a bit further down before retesting the $10k resistance, which this time I think will turn into support for future rallies. With the halving upcoming I think that there is definitely reason for optimism, albeit a somewhat subdued sort.
February 10, 2020, 02:08:23 PM
As i see yes Monday is a good time to buy crypto, because bitcoin price now drop and well save some money and buy more coins if tgeb buy it Sunday.
February 10, 2020, 01:00:43 PM
Until Sunday bitcoin prices seemed stable and calm; market did not show any significant movements; I kept checking on preev it showed most of the times $10070. But, suddenly today I see once $10050 and then after one hour I witnessed $9930 and then it seemed recovery in progress as I see again prices above $10k levels.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
Too much monitoring can really lead a person to create an observation wherein they are the only ones who can understand. In other words, making things more complicated resulting in too much expectation.
You expect a $12,000 right away this big increase happens without considering other factors that might slow down the process.
And definitely, being on Monday doesn't correlate with the crypto price movement. Why this Monday mania just started to be noticed recently? What can they say about those previous Mondays before the rally to $10,000?
February 10, 2020, 12:18:36 PM
Until Sunday bitcoin prices seemed stable and calm; market did not show any significant movements; I kept checking on preev it showed most of the times $10070. But, suddenly today I see once $10050 and then after one hour I witnessed $9930 and then it seemed recovery in progress as I see again prices above $10k levels.
But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
Everything is just pure coincidence and theres no such thing about Monday buyouts because it turns out the price were cheap on Weekdays or starting of a new week.But, after 3 to 5 hours, right now trading below $9820 and all the faith which made me confident about reaching $12k got collapsed. As someone else mentioned in their topic, this must be another Monday where bitcoin suddenly turned cheaper to get into it. But, I am still confident about bitcoin prices reaching again above $10k and then testing short term target of $14k.
Btc price can anytime stabilize or moving sideways but it can change on a blink of an eye.This is where traders or investors do differ when it comes to risk management.
Theres no precise thing or patterns on when to buy or when to sell.All things will vary or depend on you.
February 10, 2020, 11:02:25 AM
Not really. Changes can pretty much happen any day, and solely blaming the drop of BTC to below $10k because its "Monday" Seems stupid to me. And another thing, we've seen small corrections such as this in the past month already though. When BTC reached $9k, $9.8k and so, it didn't always go on the rise continuously. It has had weeks where it went down a few hundred dollars, but it still managed to push through and break past the $10k, so nothing really weird about it IMO.
Plus, really? You were expecting BTC to reach $12k in this short span of time? You know that is close to impossible right? BTC has been at the $10k mark for at most a few days only. It's close to impossible for it to suddenly push for $12k without any notice to the market. And even if it were able to do that, just the fact that it jumped $2k from its current price is enough to cause a small - scale crash of the market.
Plus, really? You were expecting BTC to reach $12k in this short span of time? You know that is close to impossible right? BTC has been at the $10k mark for at most a few days only. It's close to impossible for it to suddenly push for $12k without any notice to the market. And even if it were able to do that, just the fact that it jumped $2k from its current price is enough to cause a small - scale crash of the market.
February 10, 2020, 10:59:26 AM
My confidence about going above 10k is not collapsed,,, unlike you;) For me, Monday is when normal traders get up and then decide they should take some profit now, hence the sell off. It was 100% to be expected with 10k. I am still very sure price will climb again as people are not thinking they could enter before 10k.
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