Nov 24, · Based on the historical price data from cryptolabz.de, Bitcoin has experienced some wild swings over the weekends. The most significant and popular one was the all-time high of around $ on a Saturday in December A recent low of $ on a Sunday on November 15 was a weekend shake off after trading above $ for over 3 days. Dec 20, · No, Bitcoin or any other crypto prices don’t go down on weekends or any public holidays. Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors. Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. Jun 29, · Bitcoin, which trades 24/7, tends to spike on weekends. In fact, surges in weekend activity since the beginning of May account for about 40% of Bitcoin’s Author: Vildana Hajric.
Bitcoin trading weekendsWeekend Day Trading - Trading hours, Markets and Strategies
Thanks for posting that. Looks like someone else has seen at least some evidence of a difference in weekend trading, specifically Sundays, and weekday trading, specifically Wednesdays. Jan 1, 0. I noticed this a few months ago and downloaded some price data to test the significance.
I didn't save or plot anything; I just used ipython to get some p-values. It is real. I don't know if it's profitable enough to overcome costs. The reason, I believe, is that banks are closed at the weekends and so you can't send money to an exchange via a bank and buy bitcoins at the weekend. You can very easily send bitcoins to an exchange and sell them, but you can't buy, unless you've left dollars on the exchange from earlier in the week.
When bitcoin buyers send fiat to the exchange, it mostly arrives early in the week, with more fiat transfers arriving on Monday and Tuesday than Thursday or Friday.
Deep Sea New Member. Mar 13, 0. Bitcoin is the first most popular digital crypto-currency whose price is influenced by a wide range of factors.
Ideally, the bitcoin price is normally expressed as the exchange rate of the bitcoin in relation to other currencies. With an upsurge in the adoption and usage of this digital currency, the demand for bitcoins has significantly increased in the recent past. Below are some of the main factors that can influence the bitcoin price: 1.
Government Regulation Each time a government releases official statements about the regulation of digital currencies, the price of bitcoin is normally affected. Even if the actions of that government are not related to the virtual currencies directly, the impact will still be felt.
A good example of this can be derived from the Cyprus banking crisis, where the government seized funds. This prompted discussions on whether Cyprus should adopt Bitcoins as their new currency. Media Influence The media can also influence the bitcoin price significantly.
Media hype can easily lead to an increase in the price, while negative news can lead to a decline in the price. For instance, news about bankruptcy or hacks on bitcoin-related websites and services can cause panic and disruption among bitcoin users, leading to price dips.
Stability of the Bitcoin Network Stability of the bitcoin network is a major factor that most bitcoin enthusiasts are concerned about. Most people want a secure network where they will not lose their money.
Unlike the conventional currencies like euros and dollars, bitcoins are largely perceived as economic bubbles as they are only valuable when exchanged with other currencies, but do not have any inherent value on their own. The Bitcoin Demand and Supply The price of bitcoins is largely depended on the demand and supply. This means that high demand and low supply often leads to an increase in the price. Note that bitcoins have a controlled supply whereby the total number of bitcoins in circulation must never be more than 21 million.
Due to the limited supply, there are speculations that the bitcoin price will continue to rise with time. Wider Mainstream Acceptance This is another major factor that influences the price of this crypto-currency significantly. Even if it has faced a number of challenges and detractors, many well-known companies and businesses have started accepting bitcoins as a means of transaction.
Large Businesses Dumping to Fiat Currency Given that bitcoins are not widely accepted as a means of transactions or payment, not many people and institutions can accept them. Because most things still have to be paid for in fiat currencies, many businesses often sell large portions of bitcoins so as to pay for their business expenses. Bitterom Member. Jan 20, 8. I dont think the price goes down on the weekends.
This is a money market with decentralized behavior so there is no weekend on this market. Every new day is a new experience on the crypto market. The market is developing to grow mature and it will achieve the milestones sooner rather than later. Toros Banned. Dec 17, Hello Matthew Light. This is a very fascinating data you have observed.
Many people are still unable to understand the basics of cryptocurrency and you are analyzing such data. I do not know the reason of this occurence. Maybe the members can help you. Zolin Banned. Nov 26, 7. I don't have any evidence to say about the matter.
It maybe a case of coincidence. The market becomes slow at the weekends. Why do you think this happens? Maybe the people become sluggish at the weekends. Post your answers, please. It might just be a coincidence. I think that the market becomes slow on the weekend. People are happy to see the weekends out. There is a lot of trading on the weekdays.
There can't be fix reason for this. What do you think is the best reason for it? Bartab Banned. Sep 17, 0. As an additional hypothesis, I bet that:. If you see gaps in low-volume markets like on the weekends, there is a high chance they will close. Because you know the gap will close you have all the information needed to turn a profit. You know:. This strategy is straightforward and can be applied to currencies and commodities.
All you need is your weekend trading charts and you can get to work. You can even pursue weekend gap trading with expert advisors EA. This is an effective strategy to add to your weekend arsenal. This makes it the ideal foundation for your weekend strategy. These bands often yield the best results at the weekend. This is because in the week news events and big traders can start new movements, so the trading range varies more.
When the standard variation shifts, so do the upper and lower Bollinger Bands. Strong movements will stretch the bands and carry the boundaries on the trends.
This can render predictions useless. However, the reduced volume on the weekend makes the market more stable. The weekend is an opportunity to analyse past performance and prepare for the week ahead. So, consider spending the weekends pursuing the following:.
You can use those lazy Sunday hours to simulate market environments of the past to test potential strategies. Whilst it must be said past performance is no guarantee of future performance, it can be a strong indicator. Not to mention you can iron out any creases so your plan is ready to go when you head online at am on Monday morning.
When the markets are open you can often get caught in a whirlwind of emotions and trading activity. The weekends are fantastic for giving you an opportunity to take a step back. You can take a look back and highlight any mistakes. This will help you implement a more effective trading plan next week. Perhaps you may need to adjust your risk management strategy.
The weekend also gives you the opportunity to investigate any upcoming events that may impact your market. The DailyFX Economic Calendar, for example, allows you to identify important economic dates, like policy reform. You can then tweak your action plan to take into account upcoming events that are going to influence market conditions. For the switched on day trader the weekend is just another opportunity to yield profits. Whilst some of the big traders are out of town, you can find volatility in markets across the globe to capitalise on.
If you do want to trade, remember to amend your strategy in line with the different market conditions. Alternatively, opt for one of the weekend specific strategies above. If you want a break from the bustle of actual trading, you can still prepare for the week ahead.
You can utilise any of the educational resources listed above, or you can start back-testing and strategising for Monday. Weekend Brokers in Russia. With tight spreads and no commission, they are a leading global brand. Avatrade are particularly strong in integration, including MT4. You should consider whether you can afford to take the high risk of losing your money.