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January 06, 2017, 01:59:01 PM |
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It is interesting what I have seen over the past couple days. I just might take a look deeper in the past when there have been major price fluctuations in BTC. I am sure that this is either a complete coincidence or has to do with the demographics. I live in the eastern United States and I went to bed last "night" at about 4 AM. I am not sure about that particular time, but the earlier morning hours saw the highest prices of the day it seemed. Now, four to five hours later, it is at the lowest. This seemed to be also be true of yesterday, although I did not look specifically I do know that the passing daylight hours here showed the increase.
If this is keyed into the demographics it would be concerning the countries that are trading and how they are trading OR the people that are trading at certain hours of the day. For example, going by the above stated trends(not tested or researched at all), it would seem that the daylight business hours for the USA and other time zones in that area show a buy trend, raising the price as the day goes on and then stabilizing after business hours. Then, as the Asian countries hit daylight, the selling starts and continues with Europe, bringing the price back down. Again, this is a high level of speculation based upon a simple two second observation.
Taking one region by itself, such as the USA. The daylight hour traders buy and the wee morning people sell, causing these trends.
It may be something to watch a little as time passes, might have just been two similar days. But, if there is any validity to this, then the key would be, for a place like the USA, to buy in the morning, like right now, and then sell in the evening. Other time zones would have to shift this as needed. Lets see what the next 24 hours brings.
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