Topic: Why it's very boring to trade on public holiday's? (Read 342 times)
Don't think it is a very good trade on holiday.I have tried trading on holiday and encounter lots of losses.There are lots of manipulation during holidays so it is better to keep out till the holidays are over in order to stay safe and keep your funds secured.
I trade bitcoin regularly,
my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this: https://ibb.co/Syqzwxc
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this: https://ibb.co/jVFq39F
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,butfinancialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.
my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this: https://ibb.co/Syqzwxc
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this: https://ibb.co/jVFq39F
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
This is due to the majority of the traders getting profits on Fridays and enjoying the weekend time. Then they will start to trade again on Monday. Did you notice that Ethereum gas fees on the weekends are lower than the gas fees on the weekdays? Why? Most users are not doing any transactions on those days.
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
Who Want To Take Little Profit From Crypto Trading Than Her/Him Need To Wait Good Entry Time When Market Conditions Are Good And Public Holiday’s Not Perfect Moments That's Why Feel Boring.
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,butfinancialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
I think there is a difference between public holidays and weekends. At least in my country public holidays are holy and nobody is going to work. By law it's not allowed to be working, so every family tries to do something special on this day. That's why you won't find many traders on the market. There are some people who have limit orders on the market, but due to the low trading volume prices won't change that much. On weekends things are different, you have the professional day traders who trade during the week and will probably take a break on the weekends. Against that you have the part time traders who spend their week in their normal jobs and will be more active on the weeks. The difference is that institutional and professional traders have much more capital at hand and will influence prices stronger during the week. It's good to be aware of the pattern and include it in our trading strategies.
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but financialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.
share your thoughts why this candle differences, and very low volume.
Yea but institutional investors are not at work so they dont trade/invest. Retail investors like you and me knows abot that and stop trading to avoid getting caught in the trap of a false breakout on low volume in the absence of the biggest players. Scalpers see lower volume so they also quit trading.
This way, whether we like it or not, it's a weekend, even though crypto is open for trading, 95% of the time nothing happens. You can either deny it, or fight it, or adapt and go on a picnic with your family, touch the grass at least 1-2 days a week.
I have read where people complain that the movements of charts during weekend is not as it used to be during the week days. I am not surprised about this because if I am a day trader I will not trade weekends because it is weekends that people have to be with their loved ones and not face the computer screen.
Again, someone mentioned the institutional traders, we all know that they are the market movers. If they are 'nt there, the market will not move as expected. It is common to understand that institutional traders don't trade weekends.
I trade bitcoin regularly,
my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this:
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this:
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,butfinancialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.
You answered your own question, markets like the stock market are not active during the weekends so traders and investors can take a break, and while this is not true on this market it seems many traders still take a break anyway, this reduces the money moving on the markets during those days and this is reflected on the price action of bitcoin and other coins.my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this:
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this:
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
And since I assume this is a trend that will continue then you have only two options, which are to just accept it and deal with it or follow their example and relax during the weekend as well.
You may be too complicated in dealing with Bitcoin trading, especially with the scalping method, which means buying and selling in a short time. It's a shame that the price of Bitcoin is rising so quickly that most of us are reluctant to do so. Because basically for us Bitcoin remains a long term option. Maybe you should use altcoin options for scalping trades and collect those profits by collecting Sats bit by bit.
Regarding trading on holidays or rather depending on which exchange you trade. If global exchanges are used, it is certain that trading volume will continue to run and move quickly.
Regarding trading on holidays or rather depending on which exchange you trade. If global exchanges are used, it is certain that trading volume will continue to run and move quickly.
Yes, I noticed the same thing a long time ago, I expect that this is somewhat logical, although the cryptocurrency markets do not close on holidays, but there is a kind of interdependence between the cryptocurrency markets, financial markets, banks, and the like. It is therefore normal for the crypto market to be affected during the holidays due to the closure of these services.
I also find it appropriate that crypto markets are closed one day a week, the holiday gives people a little rest and gives new activity the following week.
I also find it appropriate that crypto markets are closed one day a week, the holiday gives people a little rest and gives new activity the following week.
I usually don't trade on weekends because I feel that the market price often corrects on weekends, and I decided to go back to the market on Monday.
If on Friday I get stuck at a high price, I usually exit the market because I find it difficult to follow the movement, especially if a correction comes earlier than usual.
The crypto market never rests and I suspect that even if it looks slower than usual, it still has a lot of traders looking to make a profit.
So if you feel that the market conditions are quiet, you may need to rest for a few days and return to the market next week.
If on Friday I get stuck at a high price, I usually exit the market because I find it difficult to follow the movement, especially if a correction comes earlier than usual.
The crypto market never rests and I suspect that even if it looks slower than usual, it still has a lot of traders looking to make a profit.
So if you feel that the market conditions are quiet, you may need to rest for a few days and return to the market next week.
I trade bitcoin regularly,
my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this: https://ibb.co/Syqzwxc
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this: https://ibb.co/jVFq39F
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,butfinancialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.
my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this: https://ibb.co/Syqzwxc
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this: https://ibb.co/jVFq39F
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
Lol, how did you say that all traders on Saturday and Sunday are on vacation? As if you know all the traders on the holidays you speak of. Why are you close to all the traders every weekend?
So what kind of trader are you apart from sometimes being a scalper? So you can't really say what will happen in the market because crypto is volatile. And traders are not the same as crypto dudes.
I doesn't happen in all weekends i have traded BTC/USD on a weekend and the market was still has volatile has it was during week days. Maybe you might have meet the market in some of the weeks where crypto activities reduces or maybe the market has lesser trading volume but in general the crypto market is open 24 hours and if the big companies closes before weekends individual traders still keep the market busy.
Yes its true which it would really be totally random but there are weeks which it seems that it is really just the same when it comes to price movement behavior and this is where people would really be making outthese presumptions that there is some sort of pattern but eventually they would really be able to realize that it wasnt really that precise at all. You could notice it out on all of the upcoming weeks.
We do know that there are different possible factors which would really make the entire market move or would remain silent basing up on what the community been doing
on trading up their coins.
I doesn't happen in all weekends i have traded BTC/USD on a weekend and the market was still has volatile has it was during week days. Maybe you might have meet the market in some of the weeks where crypto activities reduces or maybe the market has lesser trading volume but in general the crypto market is open 24 hours and if the big companies closes before weekends individual traders still keep the market busy.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
We as traders, determine when we have a holiday. I have a friend who only trades for a few days and then takes the day off to enjoy the profits and keep other profits. But if he felt that there was a target he wanted to achieve, he could just continue trading until he could get the profit he wanted.
The crypto market never rests because there are lots of people who want to profit from the market. And maybe that's why the crypto market is more volatile and riskier than other markets. And if you already have time when to trade, you can continue while you can take a vacation outside of that time. So that you can refresh your mind from trading and when you return to trading, your mind will be comfortable and you can look for profits again.
The crypto market never rests because there are lots of people who want to profit from the market. And maybe that's why the crypto market is more volatile and riskier than other markets. And if you already have time when to trade, you can continue while you can take a vacation outside of that time. So that you can refresh your mind from trading and when you return to trading, your mind will be comfortable and you can look for profits again.
and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this: https://ibb.co/jVFq39F
First, Bitcoin does not follow a specific time pattern during short-term trading, and therefore the normal situation is the randomness of the price movement.like this: https://ibb.co/jVFq39F
Sometimes, when the price stabilizes, trading volumes during holidays or weekends increase, and the reason for that is that traders like you and me have more free time in those days, and the closing of stock exchanges makes risk-loving users a good opportunity to try Bitcoin.
Again, everything I say is theoretical, and it is when the price is stable, and it is better to follow the support and resistance levels.
When the price stabilizes, there must be lesser actions but not when the price is highly volatile because this is where traders can buy low and sell high or make a profit in short.
The difference is in the crypto market, where exchanges are open 24 hours a day, every day. In turn, institutional traders are usually not working on those days. And on the other hand, private traders, on the weekends also slow down their activities a little, to be with family and friends.
The slow down of institutional traders and normal traders in weekends are reflected on demands to move bitcoin. That in turn is reflected on lower transaction fees during weekends and early of Monday.In weekends, usually you don't have much interesting to play with the market. Let's enjoy weekends with your family and recharge energy for a new week to work and buy more BTC.
Full details from my discovery are in Guide to check fees: Taker, maker, deposit, withdrawal, transaction fees
Briefly, it looks like this.
...my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,butfinancialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
Holidays are not created for trade, but for recreation. Accordingly, many market participants are resting, which leads to a reduced trading volume and, accordingly, liquidity decreases. Therefore, many traders try to stay away from the manipulations that occur on such days.
my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but
share your thoughts why this candle differences, and very low volume.
Crypto market is never on a holiday but whale traders have like normal trader since they usually trade on the stocks too. Traders itself has a holiday and only those trader that doesn’t have a social continue to trade nonstop which is the reason why the volume on holidays is always low compared to regular day.
This is self explanatory. People on crypto is still the same person that trades on the regular stocks that do holiday.
Seems to me perfectly normal. Depending on your country must be feeling the difference actually. Whenever you are in the trading market remember that most of the western world drives the trading chart because most of the heavy investors are from those lands themselves. If you are working on the weekend then it is by nature the perfect holiday for westerners. They would care less about their work or job and thus they will be enjoying their lives to the fullest. You can always see peak hours are on weekdays because all the individual to institutional investors would be making their important decision and investments during the weekdays. I am pretty confident this is the prime reason you are seeing such slow movement on the weekends/holidays.
The market is open 24/7 but traders are not like that. These people had also time to relax from crypto trading and spend time on other stuff like family bonding. That is why it was very usual to see the market movement if very low during weekends and holidays. But it was not the reason we feel bad about the situation, we can relax as well. Besides, it was not healthy anymore for us to do looking for money every day, so why not give ourselves a break and enjoy life? Perhaps, we can resume trading the next day and let out minds and time focus during that time. Jump to: