Buy on Friday and Sell on Monday

[AakZaki]

People who say buying on Friday and selling on Monday, in my opinion it is a trader who does not really understand about technical analysis or fundamental analysis, it's just that people judge in terms of the average decline on that day and may buy it by chance on the day  That friday.

Because basically the increase or decrease in the price of Bitcoin is not determined by a particular day, but because the highest or lowest point has been reached and sometimes due to news about the prohibition of Bitcoin in large countries around the world.

[shoreno]

I think this is only a co incident but won't occur at all weeks .  There are weeks that will be normal , no extra ordinary movement when it was already on friday but there are weeks that  prices are on hyped even if it not Friday  .

But this can also be true because some people have a money on normal days and they can buy coins but they save before  Friday because they want to chill out and spend the time on bars to party and stuff like that so they don't have the ability to buy a crypto .

[iv4n]

Every streak, winning or losing, will end, sooner or later. If you don't believe me you are free to try it. Gambling or trading, any kind of scheme you can think of will not work forever. People try to find patterns everywhere, a strategy that will work in a long run, but all they do is trying. Some strategy will work for some period of time, but losing streak can wipe out your balance when it comes.
Same is with this strategy, maybe you will make profit this and next week, maybe you will make profit entire month with this strategy, but next month losing streak is waiting for you if you continue with the same strategy, you can lose your profit and more.

[Asuspawer09]

If you would have done this in the week-end just passed, you would have bought at around 10240$ and sold at 9790$. Not a good business.
The morale of the story is: don't just go by various self-called specialists, some don't know sh*t and Bitcoin market is more volatile than the "rules" they want so badly to find out.

There was another expert a week ago telling us that is best to buy on Monday and sell on...I don't remember but I hope it wasn't Friday.
The biggest problem with those statistics is that even if they were 100% true the moment people would start following them and something like 10% of the buyers would really buy on Friday the prices will skyrocket during that period and dump even more on Monday so for some it would be a total loss.

Those things are like trying to guess the winning horse based on the winners's number from previous races.
You might hit the jackpot once but you're going to lose 3 times that when you draw the line.

The research is just getting the average price obviously it is not going to work all the time as you can see in the graph, it was just a statistics but it could be useful if we have statistics to compare.

Still, we need to analyze the whole market to understand the movement of the bitcoin market price but these statistics could be your basis in my opinion.

[carlisle1]

but according to the last dump it happens in friday and just tonight
 that market recovers.so i don't think it is appropriate to just rely
 on Days of buying and selling because market is not moving in
same direction weekly.
better always look or check the market before selling or consider
the semi longterm holding if we are talking about safer investing.
i have been checking market from time to time this year yet no
 indication that we can be sure of what the topic says so still invest
with our own risks.

[bering]

Just like i said before this method usually using by forex traders when they review their weekly profit on friday and starting to buy again on monday so that's why on friday the price are more likely to down because majority people sell their assets and on monday the price will goes up again because people are more likely to buy and although this method could works once or more if used but i don't think it can use repeatable because crypto market was different and more volatile than forex market

[sayaya17]

I think there are many who experience difficulties and losses in trading crypto even though they have done technical or fundamental analysis, even though this method is really helpful, but in the end there will be a day where we will lose and sometimes all profits will disappear instantly.

[flyer88]

I think there are many who experience difficulties and losses in trading crypto even though they have done technical or fundamental analysis, even though this method is really helpful, but in the end there will be a day where we will lose and sometimes all profits will disappear instantly.

I think this is just a coincidence that on Friday the price is cheap and Monday is expensive. We must not make it as a benchmark that Friday must be Buy and on Monday have to sell it. The world of trading really requires the good knowledge by learning technical and fundamental analysis techniques.

[lienfaye]

Its better to buy base on what you see in the market regardless what day it is because we cant pin point the usual day as the best time to buy. It can be a coincidence but it wont happen continuously as your guide on when to buy and sell.

This analysis that comes from "experts" are not reliable since no one can accurately predict the price. Conduct your own analysis to better understand the flow of the market, that would be much better rather than following their predictions without concrete basis.

[ampere]

I do not agree with investments been based on gambles
Because to me, buy on Friday, sell on Monday is more or less a prediction

If you have a working principle, i urge you to stick tobit and be better at your strategy
Dont fud
Dont fomo neither panic

[ethereumhunter]

That could happen, but that cannot be a sign for us to buy on Friday and sell on Monday because the market will not move the same every week. We still need to watch and analyze the market to find a good time and the best price to buy and sell even if the movement almost the same as a week ago. But if you still want to do that, I think you should analyze more to find by yourself because I am still not sure about that.

[el kaka22]

This is more of a short term trading goal and I do not mind it but bitcoin is something that can gain so much in the long run that looking at just a 3-4 day spread would really hurt your chances of making any profit at all. Normally if you buy bitcoin at the first day of the year and sell it at the end of the year there is a 90% chance you will make a profit, sure in the 2018 one that would mean you would lose a lot of money but aside from that year I can't remember a single year where it would be really hurtful for your profits.

If you want to day trade that is fine but do not limit yourself to just couple of days, look at a bigger picture of what it could be and buy when it hits bottom and sell when you feel it peaked, that way you can remove all other data and just focus on the potential profits.

[exstasie]

The past week is a good case in point for why you should never put stock into these "patterns":



Buy on Friday, sell on Monday? I sure hope you didn't!

[STT]

Its not that simple sadly, it has been the case strangely at times that a rule like this works.   But its temporary or coincidence, a free market is self defeating (to simple speculation) in a way I cant properly describe but its part of why capitalism serves society not the other way round as some do argue and believe.

I would say we are negative and developing from here, stop 9700 to shorts.     Overall I rate Weekends as a positive bias, there is a reason for that and it'd be lower volume.  If any event occurs over those two days its not true and I guess lots of the world view these two days differently though its quite universal to do most main market deals on 5 main days of the week and all forex rates are fixed for sat and sun so far as I know.

[mahilchii]

Guys this is not a right way of buy and sell in crypto currency, just in two days you cannot expect a demand in the market. What if the market dumps suddenly on Monday? I will say this is purely depend on luck also you can even lose your money as well, First we need to analyse the market and then we have to plan according to it. Short term investment are always risky, so it's better to opt for a good time to sell.

[BrewMaster]

This analysis that comes from "experts" are not reliable since no one can accurately predict the price. Conduct your own analysis to better understand the flow of the market, that would be much better rather than following their predictions without concrete basis.

the problem is that the real experts will never waste their time spreading their "predictions" and analysis of the market to the public because there is no benefit in it for them. only those who have no skills in the market itself and need other ways to make money start releasing their so called "predictions" all over the internet.
otherwise if you could find a real expert and consult them you'll see how different your views of the market would become.

[Latviand]

Some people say so, and I commend the data provided. But still, I would more look into "season" for investment over day of investment since I am into long term holding than short term. This could be applicable in trading wherein prices are more monitored in order to come up with a good trade. But I do doubt that things will be consistent on both friday and monday market price.

Guys this is not a right way of buy and sell in crypto currency, just in two days you cannot expect a demand in the market. What if the market dumps suddenly on Monday? I will say this is purely depend on luck also you can even lose your money as well, First we need to analyse the market and then we have to plan according to it. Short term investment are always risky, so it's better to opt for a good time to sell.

It could work on short term investment, to be honest but I won't say that it would happen everytime. Consistency is absent in this industry. There could be instances that will prove the efficiency of this strategy but for sure it won't be all the time.

I think there are many who experience difficulties and losses in trading crypto even though they have done technical or fundamental analysis, even though this method is really helpful, but in the end there will be a day where we will lose and sometimes all profits will disappear instantly.

I think this is just a coincidence that on Friday the price is cheap and Monday is expensive. We must not make it as a benchmark that Friday must be Buy and on Monday have to sell it. The world of trading really requires the good knowledge by learning technical and fundamental analysis techniques.

I do thought of the same way at first but periods on the data provided have shown some point that it could really work that way for short term investors. Maybe it is not pure coincidence and if ever the price increase and decrease that way, trying it would be beneficial. Also , this topic is just a recommendation and it still depend to you whether to do the same thing or not.

[Reatim]

Movements changed and no specific time when to pump or dump,those graphs might indeed but in some instances only because if this is true then for sure all of us is making money every monday?
And there will be no Longterm holders because there is simple way to profit.

That could happen, but that cannot be a sign for us to buy on Friday and sell on Monday because the market will not move the same every week. We still need to watch and analyze the market to find a good time and the best price to buy and sell even if the movement almost the same as a week ago. But if you still want to do that, I think you should analyze more to find by yourself because I am still not sure about that.

Maybe OP is pointing that there is a chance but no assurance,and besides we still need to watch market always for updates specially for our altcoins as well.

[milewilda]

The past week is a good case in point for why you should never put stock into these "patterns":
~

Buy on Friday, sell on Monday? I sure hope you didn't!

What a regretting situation you have there pal. 
I dont know why there are people who do believe on patters on weekly basis.When they do observe that friday is the best day to buy and sell it on monday then they do already
stick out to that kind of pattern which doesnt even think twice that all things are just pure coincidence into this market which nothing is fix or guaranteed to happen from time to time.
Lucky for those who do buy on friday and sell on monday but this is just temporal.

[plvbob0070]

I keep on seeing post like this that relates the movement in the price of Bitcoin from the days in a week. But, I don't really believe something like this because, there are really no laws and concepts that would prove that the value of Bitcoin or other crypto currency is high or low in a specific day.

No one totally proves the movement (a certain price) of every cryptocurrency unless it was a stable coin. The price of bitcoin is always being discussed here especially the time that it hit again 10,000$. Even if you speculate and do deeper analysis about its price, still the result will have a chance to change. If you're going to buy on Friday when the price is higher later on if the price went dump do you think you will sell it? I guess probably not because you already lose some portion of your capital. Don't rely too much on other speculation and analysis. It's always better to do your assumption about this and don't lose your sight on the price if you intend to enter and to exit.