Time zones and price behaviour? | Bitcointalksearch.org

Kakmakr

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Man, this will be a gigantic task, because some exchanges opened their doors to traders from different countries in different time zones, so you will have to monitor data from all the different exchanges. Tongue

The person who will be able to figure this out will surely get some merit from a lot of users that are curious about this. It will answer a lot of questions about the major players in the manipulation of the price. Roll Eyes

Nothing is stopping these people from using offshore funds to hiding their tracks. Angry

Renaldi blackspadeteam

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me too, I see people throwing a lot of bitcoin at a certain time, I think they are a group, organization or miner who throws a lot of bitcoin so that prices drop

Barcode_

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I did once try to keep track of trading time zones around the world and I analysed the crypto-currencies market trading graph based on it, I also did try to do some trading on the market based on my own analysis, but after a while, I realized the time zones does not really affect the whole trading market much in my perspective, I believe the whole trading market are much more reactive to positive and negative news about crypto-currencies.

tdrinker

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Quote from: kryptqnick on December 11, 2018, 01:36:47 PM

Quote from: Kprawn on December 09, 2018, 01:48:44 PM

Has anyone cross checked the time zones with the drop in the price lately?
Not all trading platforms are operating 24/7 and OTC transactions are more

likely to happen, when people are not sleeping. Undecided

{ https://www.tradingview.com }

Okay, that's a pretty interesting idea, but it is surely very problematic. The issue is that people can be expected to trade from about 10 am to 10 pm at their time zone, but that makes it almost impossible to cross out time zones. Let's take a look at coinmarketcap and see the recent price drops. November 14, 16-20 UTC +1; November 19, 3-10 UTC+1; November 20, 20-23 UTC+1; November 24 19:00 - November 25 10:00 UTC +1; December 7 19:00 - December 8 6:00. Firstly, even though it feel like the drops are happening very fast, it still takes hours in most of cases. Secondly, there seems to be no evidence that could help to determine any big panic sellers' time zone. Finally, since there is a really wide range of hours that are equally good for trading, this makes the task even harder.

You're right about trading hours being long and drops taking a long time. That's why I think you only really see it when a market first comes online. People have been sleeping and wake up to certain news and a certain price and then either pump or dump accordingly, after that the trades are all spread out.

kryptqnick

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Quote from: Kprawn on December 09, 2018, 01:48:44 PM

Has anyone cross checked the time zones with the drop in the price lately?
Not all trading platforms are operating 24/7 and OTC transactions are more

likely to happen, when people are not sleeping. Undecided

{ https://www.tradingview.com }

Okay, that's a pretty interesting idea, but it is surely very problematic. The issue is that people can be expected to trade from about 10 am to 10 pm at their time zone, but that makes it almost impossible to cross out time zones. Let's take a look at coinmarketcap and see the recent price drops. November 14, 16-20 UTC +1; November 19, 3-10 UTC+1; November 20, 20-23 UTC+1; November 24 19:00 - November 25 10:00 UTC +1; December 7 19:00 - December 8 6:00. Firstly, even though it feel like the drops are happening very fast, it still takes hours in most of cases. Secondly, there seems to be no evidence that could help to determine any big panic sellers' time zone. Finally, since there is a really wide range of hours that are equally good for trading, this makes the task even harder.

tdrinker

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There's always tended to be significant movement when certain major markets are likely to 'come online'. The 3 most noteworthy being the US, Europe and Asia. As for a specific direction of movement based on any particular market I don't see any correlation. It will depend day to day on market sentiment and the overall direction of the market.

ShadowBits

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Quote from: Kprawn on December 09, 2018, 01:48:44 PM

Has anyone cross checked the time zones with the drop in the price lately? I want to know if there are a direct correlation

between a significant drop in the price and a specific time zone? If we can link a specific time zone with a drop in the price,

then we can narrow down where the downward pressure are being applied. I think most of the pressure are coming from a

group of traders from a specific country. Huh

Not all trading platforms are operating 24/7 and OTC transactions are more

likely to happen, when people are not sleeping. Undecided

{ https://www.tradingview.com }

What do you think, is this possible?

It has never had any problems with me. I came across europe and went to asia and I have never had any problems with the prices of other cryptos.

3acaga

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I noticed that when Asia especially China wakes up, very often the price goes down.
But this does not prove that Chinese whales are reducing the price of bitcoin. Everything can come from another place on the planet.

dothebeats

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Quote from: coolcoinz on December 10, 2018, 05:20:30 PM

I don't know why, but I've noticed some significant waves of dumps at the same exact hour and you can really see a pattern if you look closely.
If you don't believe me open the charts, set 1h interval and take a look at the timing of the biggest red candles in November and December. They are almost exclusively at night (UTC).

The big slide on November 19 starts at midnight and continues through the night.
December 6 the recent big dump from 3600 to 3200 started an hour before midnight
And it had happened before too. October 10 brought a huge dump from 6500 to 6000 done at midnight UTC

We could argue that it's a coincidence, but a strangely high number of coins gets unloaded on exchanges around midnight.

Noticed this as well, and what's cool is that this is also the time in which most East Asian traders should be awake (Koreans, Chinese and Japanese). I'm not directly saying that they are the culprits on such big drops but since there's already this repeating pattern of huge market activity during midnight UTC, it could very well be them. The market and platforms are open 24/7 and it's time consuming to list down all the high activity hours but we could draw a line from there, and it might produce interesting results as well.

playboy654

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Quote from: davis196 on December 11, 2018, 02:16:40 AM

I don't think that the time zones matter that much,because most of the crypto trading is executed by trading bot.Or am I wrong?Cryptocurrency trading is active 24/7.It's not like the big stock exchange markets,that open and close at sertain hours every day.

Yes it is capable of working 24/7 overall but literally not all the traders are working 24/7 so this could effect the demand and supply and the prices of the crypto currencies.

But there is no perfect time zones for bumping and dumping happen it just happen all random in my opinion.

davis196

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I don't think that the time zones matter that much,because most of the crypto trading is executed by trading bot.Or am I wrong?Cryptocurrency trading is active 24/7.It's not like the big stock exchange markets,that open and close at sertain hours every day.

coolcoinz

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I don't know why, but I've noticed some significant waves of dumps at the same exact hour and you can really see a pattern if you look closely.
If you don't believe me open the charts, set 1h interval and take a look at the timing of the biggest red candles in November and December. They are almost exclusively at night (UTC).

The big slide on November 19 starts at midnight and continues through the night.
December 6 the recent big dump from 3600 to 3200 started an hour before midnight
And it had happened before too. October 10 brought a huge dump from 6500 to 6000 done at midnight UTC

We could argue that it's a coincidence, but a strangely high number of coins gets unloaded on exchanges around midnight.

exstasie

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Quote from: Kprawn on December 09, 2018, 01:48:44 PM

Has anyone cross checked the time zones with the drop in the price lately? I want to know if there are a direct correlation

between a significant drop in the price and a specific time zone? If we can link a specific time zone with a drop in the price,

then we can narrow down where the downward pressure are being applied. I think most of the pressure are coming from a

group of traders from a specific country. Huh

Not all trading platforms are operating 24/7 and OTC transactions are more

likely to happen, when people are not sleeping. Undecided

{ https://www.tradingview.com }

What do you think, is this possible?

I haven't noticed anything too specific, outside of loosely reflecting the 24/5 forex market: the opens and closes of the New York and London markets are often volatile while the Asian session is usually more boring. Bitcoin exchanges and brokers operate 24/7 and traders operate accordingly from around the world, so I wouldn't make any conclusions about country.

rickadone

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No matter how little amount of people are interested in USA (there is a good number but not as high as some third world countries that have 40%+ interest) the amount of money is the more important part of this discussion and USA has legalized and regulated crypto investments far earlier than any other major country and that has resulted with them having the most say in the price volatility.

One big whale in usa trying to get out would result with higher swings than thousands of people from another country trying to buy that. Hence, time zones of USA is the one we should be focused on a lot more than any other country. Another important part is that USA has different time zones but east side has Wall Street and New York which is the financial capital of the world and that means Eastern Standard Time is more important than any other time zones in the world.

Initscri

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Quote from: NeuroticFish on December 09, 2018, 01:53:13 PM

I also have the impression that on certain timezones there are more sellers and in certain timezones there are more buyers lately.
Actually that "lately" word is not the best. I've noticed this before too, but somehow the patters seem to have been changing. I mean that if at certain hours now there are more sellers, a couple of months ago, at those hours were more buyers (!).
So I encourage you make some graphs on that, but spread them over the whole year; we may find out more than we'd expect or we may find out nothing (or we may just don't understand how to interpret the data).

When I get the chance, I may write a script to track this.
I'm assuming there would be a direct correlation to amount of buy/sells obviously; but it'd be interesting to see if there's a consensus difference between various timezones/countries.

For example, North America may be more bullish on BTC (and other cryptos) than Europe may be, or vice-versa.

1Referee

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Time zones aren't a good indicator since those who intentionally dump could very well have all the incentive they need to make it look like the dumps happen when Asia starts waking up, while it's coming from a completely different part of the world. Also, traders will be able to adapt to these time zone related dumps and pumps, so that to me makes it even more likely to have it be a completely random event.

In recent times the dumps could have been driven by all sorts of motives. Miners dumping to make sure they can go on for a month or so without problems. Institutions lowering their exposure to risky assets. People all over the world being genuinely afraid of what's going to happen. Etc.

timotron

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I have seen a pattern, I have seen a lot of action at 07:00 - 08:00 UTC and 24:00 UTC some times. but I stopped my study end of summer, so not much to add...

NeuroticFish

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I also have the impression that on certain timezones there are more sellers and in certain timezones there are more buyers lately.
Actually that "lately" word is not the best. I've noticed this before too, but somehow the patters seem to have been changing. I mean that if at certain hours now there are more sellers, a couple of months ago, at those hours were more buyers (!).
So I encourage you make some graphs on that, but spread them over the whole year; we may find out more than we'd expect or we may find out nothing (or we may just don't understand how to interpret the data).

Kprawn

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Has anyone cross checked the time zones with the drop in the price lately? I want to know if there are a direct correlation

between a significant drop in the price and a specific time zone? If we can link a specific time zone with a drop in the price,

then we can narrow down where the downward pressure are being applied. I think most of the pressure are coming from a

group of traders from a specific country. Huh

Not all trading platforms are operating 24/7 and OTC transactions are more

likely to happen, when people are not sleeping. Undecided

{ https://www.tradingview.com }

What do you think, is this possible?

Topic: Time zones and price behaviour? (Read 293 times)