Buy on Friday and Sell on Monday

[kentrolla]

I also think that this analysis and your theories can be useful in the future because it might not be a coincidence that it is good to buy in friday and sell on monday, so that you won't lose a lot of money and save a lot of money. But there maybe also times that it is not good to buy on friday and sell on monday.

None of the analysis reveals you to buy on Friday and sell on Monday, crypto is a long-term asset. These stuff works in rare scenarios neither this will work in regular basis nor in short term, previously the market situation was flipping up and down in that case it was working out. For me it was like an unexpected journey every week it won't favour you and guys don't think this as a smart move, believe me you will loose your hard-earned money just in this case.

[Reid]

Actually I was in plan to make use of this kind of short-term (within a week) trend to trade bitcoins to gain few dollars. But suddenly market reacted differently due to most probably Corona virus. But, I made use of the recent down fall of bitcoin market by buying some at $8500 levels. Still, I will not give up as I will keep on looking for studying the trend so that I could make some short-term trading even I am a true believer of long-term holding.

It did not come from that coronavirus trend.
It is the volatility of bitcoin that made it move.

We should stop from making excuses using the viral thing that is happening in Twitter or in other social medias.
It ain't because of that.
Bitcoin had been moving without any reason even from the start. Why should it have now?

[bassbity]

Actually I was in plan to make use of this kind of short-term (within a week) trend to trade bitcoins to gain few dollars. But suddenly market reacted differently due to most probably Corona virus. But, I made use of the recent down fall of bitcoin market by buying some at $8500 levels. Still, I will not give up as I will keep on looking for studying the trend so that I could make some short-term trading even I am a true believer of long-term holding.

It did not come from that coronavirus trend.
It is the volatility of bitcoin that made it move.

We should stop from making excuses using the viral thing that is happening in Twitter or in other social medias.
It ain't because of that.
Bitcoin had been moving without any reason even from the start. Why should it have now?

Well bitcoin moves because at its request not because of the corona virus situation I am sure this is not its influence with the bitcoin market because it only affects the stock market and the global economy, I'm sure bitcoin will go up in time or wait for halving to arrive.

It's right to buy bitcoin under $ 9,000, maybe in the next few weeks it can recover.

[el kaka22]

Last week was completely different from what we had in February and in late January. Because, last Monday bitcoin did not had any new downfall because market already fell down on last Friday itself. Fortunately, today market showed some green % of changes unlike what we had last 2 to 3 days.

Actually I was in plan to make use of this kind of short-term (within a week) trend to trade bitcoins to gain few dollars. But suddenly market reacted differently due to most probably Corona virus. But, I made use of the recent down fall of bitcoin market by buying some at $8500 levels. Still, I will not give up as I will keep on looking for studying the trend so that I could make some short-term trading even I am a true believer of long-term holding.

Because of volatility of bitcoin that always happens or it was because of corona, we do not have the reasons of every single person who has sold bitcoin in the past 10 days, since we do not have that kind of data we can't really show a proof of why bitcoin went down neither.

However, corona didn't have ANY involvement in the bitcoin price would be disingenuous because corona affected too many things in the world so why shouldn't it affect bitcoin as well? I am not saying bitcoin went down because of corona virus but all I am saying is corona "might" had "some" impact on it, it doesn't have to be 100% corona related but maybe 10% could be affected because of corona going out of china and going into other nations.

[stomachgrowls]

Last week was completely different from what we had in February and in late January. Because, last Monday bitcoin did not had any new downfall because market already fell down on last Friday itself. Fortunately, today market showed some green % of changes unlike what we had last 2 to 3 days.

Actually I was in plan to make use of this kind of short-term (within a week) trend to trade bitcoins to gain few dollars. But suddenly market reacted differently due to most probably Corona virus. But, I made use of the recent down fall of bitcoin market by buying some at $8500 levels. Still, I will not give up as I will keep on looking for studying the trend so that I could make some short-term trading even I am a true believer of long-term holding.

Because of volatility of bitcoin that always happens or it was because of corona, we do not have the reasons of every single person who has sold bitcoin in the past 10 days, since we do not have that kind of data we can't really show a proof of why bitcoin went down neither.

However, corona didn't have ANY involvement in the bitcoin price would be disingenuous because corona affected too many things in the world so why shouldn't it affect bitcoin as well? I am not saying bitcoin went down because of corona virus but all I am saying is corona "might" had "some" impact on it, it doesn't have to be 100% corona related but maybe 10% could be affected because of corona going out of china and going into other nations.

Its either a reason or not and we cant be sure and its always been like that and as said there are factors which cant be known on why it do decrease its price.

I dont also believe in sayings about Selling on monday and buying on weekends because its all coincidence when people do able to observe that it do behave that way.

I actually thought this one also in the past but due to this perception i lost up some capital because things didnt go as planned.

[Hippocrypto]

Actually I was in plan to make use of this kind of short-term (within a week) trend to trade bitcoins to gain few dollars. But suddenly market reacted differently due to most probably Corona virus. But, I made use of the recent down fall of bitcoin market by buying some at $8500 levels. Still, I will not give up as I will keep on looking for studying the trend so that I could make some short-term trading even I am a true believer of long-term holding.

It did not come from that coronavirus trend.
It is the volatility of bitcoin that made it move.

We should stop from making excuses using the viral thing that is happening in Twitter or in other social medias.
It ain't because of that.
Bitcoin had been moving without any reason even from the start. Why should it have now?

We can't associate any of the major factors to link corona virus here, because the situation was really rigid even if that epedimic virus wasn't happening. Sighting for any reason, many speculation had been rising but it still remain unpredictable for such a long period of time. The more issues concerned for bitcoin's volatility, social media information will be trending all over the world and will probably help adoption become more frequent.

[JoMarrah Iarim Dan]

I think there is no such pattern like that. I can't believe this. Maybe there are information published on the internet but how can we be so sure about those information? It is still better to prove it to yourself. Observe its price everyday or even every friday and monday only. You'll see youself that no pattern like that exist.

[michellee]

This time we don't see if we buy on Friday and sell on Monday is not work because the bitcoin price now is deeper than what we saw on Friday. But this time, we have a good time to buy more bitcoin because the bitcoin price now reaches a lower price than before. We don't know what will happen tomorrow and we can hope that the price will bounce to the higher price so we can sell it for some bitcoin for what we buy today. That is plan A, and I think we need to have another plan to see where the market will go in the next day.

[FanEagle]

Some sort of parallels could be made with corona when it was going down because we knew that there was a global epidemic that affected the whole world economy and that reflected on bitcoin as well and the price went down.

I am not saying the drop was because of corona virus but all I am saying is, if anyone wanted to say that we couldn't really proved them with any data that it wasn't.

However, when the stock markets are crashing and economy collapsing, bitcoin recovered a bit and now over $9k once again, which could be used to prove that corona has nothing to do with bitcoin anymore. I mean look at bitcoin markets (or crypto in general) and tell me that it is not getting better. While the markets are getting better, corona is still out there killing more and more people.

[logfiles]

I just came back to this thread to show OP how unreliable this method is 
It's almost Monday and the BTC price is nowhere near the price recorded on Friday. In fact the downtrend still seems to be in play




Looking at the price history on Friday

Open - 9,078.31
   
High - 9,167.70
   
Low - 9,032.08
   
Close - 9,122.55
   

Whoever, followed this method is already counting losses.

[STT]

Its impossible to copy other peoples trades, this OP theory isnt proved incorrect.  What could still be true is there is an ongoing bias for the weekend that on average but not always, that weekends are more positive.   In context that fits the current pricing, I was viewing price action until we opened in Japan as doing well, however we've just lost the 50 day MA challenge & finding it to be a top then crashing through 200 day MA losing a well observed positive.

It does seem now that negatives have to be considered ongoing, serious and repeatedly a threat.   The ghost of Tone Vays haunts this price action, his haircut was too powerful and he is a true warlock able to command whales at will it seems :p