Topic: Why it's very boring to trade on public holiday's? (Read 341 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.

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.

This is just a basic idea about the market: based on your analysis of the projects, the market would bore you when a trade does not go as planned, but it will make you delighted when every trade you place that day hits its profit projections. The future of several projects in the foreign exchange market is frequently predicted using the holiday season. Like you indicated, the US CPI issued news either helps a trader or serves as a very significant aid in causing historic losses. The volatility of this news is very strong and it can either lead to a large dump or a huge pump.

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.

For me, it is really not reliable whether you are based it on holidays or not because sometimes the market is boring or volatile when there are some events, just like the US CPI release, which is very volatile sometimes, and another thing is when some news release that related with cryptocurrencies. The holiday is really not the one that matters here because that holiday is given and expected to come.

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.

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.

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.

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.

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 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.

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.

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 out
these 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.

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.

Bitcoin's value is only controlled by the people's actions. There are instances where the price is unpredictable and can sometimes go against our expectations but most of the times the OP is right that there are less action during the holidays or on weekdays, that is because this was the rest days of the people. They need to go out of the market for a while and do other things in life like visiting malls or going to the park, have a quality time for their family, and lastly to go the church to thank god for the blessings that he is giving to us.

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 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.

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.

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.

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.

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.

If we do speak about volatility then it would be totally in random because even on weekdays on which there are really times that movement isnt really that much which means it is really not that profitable
when you do tend to play with the waves. This is why always following these fundamentals or so called patterns wont really be that as precise but i cant really deny up that these kind of observation
in between weekends and weekdays are really that indeed true but of course there are really times which it do really oppose on things on what should happen.
This is where things make more challenging and wont be that simple.

It is weekend and everyone will love to spend some time with family and friends to have fun. Institution investors will be on holiday since they are the big boys in the market. If the big boys don't show up in the market, definitely the market wouldn't be profitable because traders like me and you don't have much. It is normal that when few people goes to market to buy and sell,you might end up not seeing what you want to buy,therefore it is better not to waste your time in going to the market. This is how the crypto market is especially during the weekend when few traders will be available.

Making money can never be boring unless you already made billions and not having enough days to spend even 1% of what you made and I hope you're not that much rich. Trading on weekends is quite profitable because institutional traders don't use those sessions much like others so we can see less trading activity while more individual traders who just trade on weekends either using more effective strategy than yours or you just don't like other than enjoying your weekend.

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.
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.

Third one I guess would be the best explanation unless there is a news positive and in relation to this industry, investors and traders would be focusing on market charts for sure. On the usual, ofcourse they'd choose not to or to set some rest days just like if you're employed. They do tend to trade still but most of their time is just observing unlike during week days wherein they tend to gamble on some patterns because of a more active indicators. The second reason is questionable; news on my country does not pause on any day of the week simply because it is necessary for everyone.

Best viewpoint here I guess, is domino effect. Most of the traders and investors chooses to rest on weekends to give themselves a break. This generates small candles since they are not that active.

Some factors to consider i you ask me are

1: Liquidty: The level of liquidity in the market plays a role in determining the size of candles and trading volume. on weekends and holidays, liquidity tends to be lower.

2: News and events: economic data releases, earnings announcements, and other important news events tend to be scheduled during regular trading days and not on weekends.

3: Market participants: trading activity on weekends and holidays is usually lower compared to regular trading days, exactly as you guessed, the institutional traders, who account for a large portion of the trading volume, are often not active during these periods

You have already pointed out the possible reason for this and I think you are right.
Since stock exchanges are working only on weekdays may be the traders are more active on crypto markets on those days too.
Besides that, if you are not finding enough volume on weekends then you should just stop trading too much probably.
Over trading can eat up your profits.

I think you are right it's because stock markets are closed on holidays so there is a good chance that the money from institutions flows from stock markets to crypto markets which in turn get better movements and better volatility thereby allow you to make better profits in just the same time frame. Othe than this we can even say a normal retail investor also is on holiday on Sunday so that also might effect this.

And aren't all markets, without exception, closed for weekends and holidays? After all, the fact is that all people should rest. It is impossible to trade without a break, because life goes on and you need to do other things. This is the condition of the markets. And I think that if a couple of them do not follow it, and will trade on the weekend, then as a result on Monday morning the quotes will be very different from those that were at the time of closing.

Because while crypto markets are always open 24/7, not everyone trades 24/7.  Most people — especially institutional traders/investors still follow a typical 8-6 schedule.

There are days for trading most especially with crypto, there are daily traders and weekly traders but from what you said here, I have come to see that you aren't good with the weekend trade. During week days there are lots traders and learners who don't seems to understand the market very well ending up feeding the other traders while people like you who scalps enjoys every single moment of it.
The institutional traders doesn't go on holiday during weekends, as a matter of fact, that is when most of them really engaged themselves the more but it depends on how you enters the market because you can't expect all days to be the same as last week. However, always try to use 30 minutes candle and 2hrs candle to determine your entry, 3 minutes candle or charts are always confusing so as a trader make sure to interchange the candles to foresee what would come next of the market. Although scalping is the easiest trading but it requires lots of capital to gain up with the short period entry or holdings.

Big and small candles indicate the volatility of the market and are caused by many factors such as high and low trading volume, volatility of price, market sentiments that are played by the news cycle, and much more factors on the list. Why are they big from Monday to Friday and small from Saturday to Sunday? Less trading volume can cause a big candle in working days, like traders from crypto markets and traders of institutional markets or from stock markets, all of them do trading in working days crypto traders are already adding trading volume, and let's say when in working days, things for stock traders go wrong and now they want to diversify their assets instead they sit free. So stock traders and financial market traders put their money in crypto to diversify their money to gain profits which ultimately increases the amount of trading volume in working days. which increases the size of a candle or vice versa.

Another factor could be that Saturday and Sunday are relaxations in which most traders do not put much in crypto trading volume, for institutional traders. so overall, in working days there are more traders in the market which causes more trading volume and which increases the size of a candle in Monday to Friday. well, I must say that is good for overall markets because it keeps a pattern that normal and traditional person can understand and figure out when to put assets in the market let's say out of 100 people ten uses this (big and small candles behavior on weekend and on working days) as an indicator and try to avoid to put money in the market in the weekend which also decreases the trading volume and 1 more thing most of the big transaction are also performed b/w Monday to Friday.

I also have a question why do these institutional traders not participate in the crypto market on weekends, while they participate on working days? maybe they are just tired of working the whole week and want to spend some free time for leisure. well, there could be many factors that I can relate but I must say there should be some survey done for this question too. 

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.

Cryptocurrencies aren't built around just one coin. An exchange has a huge amount of coins listed and each project has its own private and public investors, and the project teams themselves do their own market making and add liquidity to make their coins perform well in the market. And private investors and project teams take their holiday every week.  But public investors and traders like us never spend holidays that's why every coin is traded every day of the week but trade volume is slightly less during holidays. I think that's actually  happens.

How come the financial markets never close?
Stock exchanges and brokerage houses are closed on weekends and holidays.

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.

In short, it is very normal on weekends and holidays for the market to slow down a bit.

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,but financialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.