Weekend disaster?

[khufuking]

Although it could be reinforcing its own pattern through past repetitions with no basis. ie previously it happened by coincidence, but after a few times in a row people had this psychological effect where they started trading the pattern, resulting in the dumps on weekends. Doesn't really concern the long term growth of BTC though.

I totally agree with this , it is just start by coincidence and then become a pattern , we all know that there is a lot of people use pattern to TA crypto market .

Have you noticed something mysterious in crypto price: weekend disaster.

I totally disagree with this , this is far far from disaster it is totally normal behavior in such a crazy market !

[Master Third]

I do not think this is happening just because weekend is a time for people to make have some fun for they are free from school and working days and so they need money for that. This reason is not convincing, because people can sell their cryptos before the weekend for early preparation for their vacation. Also there are times that during week days bitcoin is decreasing. Meaning weekend reason is obviously illogical, so it is not because of this why the price decrease, maybe because of the law demand of other cryptos since majority are converted into bitcoin when transaction made through investing and trading.

[Dodoymabs]

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

Yeah, I've noticed that trend and I think weekend is a rest day or some will be having fun. So, more will likely to dump some coins and  this is why it happens. And also, this is how the market behaves so if you are a wise trader then maybe that is your chance to buy some coins.

[teilwalL05]

I do not think this is happening just because weekend is a time for people to make have some fun for they are free from school and working days and so they need money for that. This reason is not convincing, because people can sell their cryptos before the weekend for early preparation for their vacation. Also there are times that during week days bitcoin is decreasing. Meaning weekend reason is obviously illogical, so it is not because of this why the price decrease, maybe because of the law demand of other cryptos since majority are converted into bitcoin when transaction made through investing and trading.

I really don't think that every weekend were gonna see a price drop because In my opinion this is just a coincidence that in every weekend we can see a price drop, Particularly with these, I think it is just a fluctuation that bitcoin mostly do, And I really think this is not severe that we can always experience.

[fulmetal08larz]

I don't think that every weekend is a disaster, it's just a coincidence that prices tend to drop but not that significant. The low volume being traded is due to traders needed to take some time-off and take profit for their expenses. It's not a big deal, unless news that affect crypto came out on a weekend. If you're seeing prices drop on any day, it is an opportunity to buy at a low price level you don't want to miss.

[aardvark15]

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I’m not sure what the reason is for this but the stock markets are closed on the weekends, so maybe more investors are paying attention to cryptocurrency markets on the weekend. That still would only explain higher trade volumes on the weekend but does not really explain why price tend to drop. I think it may just be a coincidence. It will be interesting to follow more closely though.

[talks_cheep]

Manipulation by whales and early adopters, pure and simple. They used to hide it pretty well but now it's like they don't even care.

[wxa7115]

Have you noticed something mysterious in crypto price: weekend disaster.

The most price drops tend to happen on weekends.

During weekends, price almost certainly drops, sometimes even crash. Price rarely goes up on weekends. Especially on Sundays. You may look at the price chart of major coins, BTC BCH ETH LTC .. in the last 3 months, which all seem to confirm this.

Why?Ａny explanation?

I have not noticed that but that may be because I'm not a trader and I do not keep an eye as close to the markets as some people here, however if that is the case that can be easy explained by the habits of most people, in many countries the weekend is the moment to take some rest from your work so even if you are a freelancer or a trader those will be the days most will choose to take a break and relax.

[naidray]

This has been discussed several times and every time you think there is a pattern, suddenly it starts rising before the weekend.

I think it tanks more then it rises though, so it may be worthwhile to try and profit from this.

It usually tanks for most of the cryptocurrency market. It may not be all of them, but virtually most of them usually tend to drop in value over the weekend. Some traders have always used it to their advantage and I have never missed it. Wait for Monday afternoon and you will be swimming in some good profit and you can just find other few ones that are yet to make move up and get into them. Been trading this strategy and trend for a while now.

Falling prices on weekend is not new and I really cannot say why except maybe some whales always like cashing out at weekends and coming back during the week to push the market back up.

I have always tried to pick the best prices from a market for the week by weekends and most times, this is the time I always get to see an oversold market and once the week gets in, i start seeing my sell order popping up on some of the alts. It is a trend for some time now, and I am not sure it is one that is about to end.