As a trader it would be very foolish to rely on a 'weekend dump' to happen unless it's an established reality which it is not. We've seen both dumps and pumps during weekends.
Well, so much on the foolishness Dumped $13 in 8 hours. There are few things more reliable then weekend dump, rarely fails.
This is simply not true. We actually had a little pump on Saturday to 256 after I bought and a little dump today. I bought at 246 on Friday and we're now at 245, so weekend dump has failed. And even if it hadn't failed it's easy to look at history and see that the weekend dump is a myth and therefore not reliable at all.
It actually is true. Price was $253 @ 02h UTC, and has fallen to $240 @ 10h UTC, at the exact moment I've written the post above. It actually went to $238, $15 difference but for only short period of time, while the staring and ending levels lasted for some period of time. I don't get while people constantly oppose the existence of weekend dumps, even when facts are presented to you in such a clear way as above you claim it hasn't happen. Weird.
You're wrong period, results speak for themselves. No sense in continuing this discussion, you can prove you're right by just trading this supposed weekend dump each week and I expect you at the top of the scoreboard soon. If not you're full of shit. Good luck.