Buy on Friday and Sell on Monday

[jhonjhon]

The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.

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.

Really not a good business because bitcoin volatility does not depend on the days of the week, it is not always that Fridays are good days to buy bitcoin and same with monday. The days of the week doesn't have much effect on bitcoin because the price moves mysteriously.

[kentrolla]

I appreciate your efforts in coming up with thread as it might be helpful for many and some might use this logic when they are not sure about buy/sell period but we cannot be dependent on this everytime as crypto is a dynamic domain and this will change every minute so it's better to use these cases into consideration before buying or selling since there has been days when bitcoin have reached rock bottom on Mondays. This analysis might be based on recent fluctuations.

[YOSHIE]

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.

Ha, ha, ha funny.
If something like this happens, maybe I won't be able to go home one week in the future, I have to go out on Friday and go home. I have to wait for Bitcoin $ 11,000 to take responsibility for my wife, where do I take the money with me.


OP, your mind is not in my mind, I think the strategy is too excessive, Friday is bought on Monday sold, not like that happened when I was trading on Bitcoin, I have traded within 5 hours of buying the price of 9,000 $ and selling it for 9,500 $ in 5 hours.

your strategy does not seem to apply to me, I have hours and days of experience, not weeks too long, the worst thing is to buy Friday for $ 11000 on Monday for 10,000 $, watch or wait. No, no.

[okala]

Buy Bitcoin on Friday and Sell it on Monday?

A new Analysis that is against in my recent thread "Monday is the best day for you to buy your bitcoin?"
The researcher found that the average lowest price of bitcoin was at  6 am UTC time on Fridays and the best time to invest or buy bitcoin.
The research tends to find the open, close, high, and low for every hour of every week.
They found out that the market price on Monday and Tuesday has the Bitcoin price averaged 170 dollars higher than on Fridays. Meaning that Monday and Tuesday is the best time to withdraw your investment. Still the market price of bitcoin was volatile the study is justs getting the average so you cannot rely on this analysis all the time.



read the info here:
https://www.longhash.com/en/news/3272/Friday-Lows-and-Monday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour


My Recent thread:
https://bitcointalk.org/index.php?topic=5219260.msg53657784#msg53657784

Monday is the best day for you to buy your bitcoin?  

Source:
https://cointelegraph.com/news/new-analysis-finds-that-mondays-are-the-best-days-to-buy-bitcoin
https://www.cryptoglobe.com/latest/2019/11/monday-is-the-best-day-to-buy-bitcoin-data-shows/

In the graph, we could easily see and conclude that Mondays are the top average return of all days in a week. Also, we could see that Wednesday and Thursday that has average return of -0.09% and -0.23%.

In my opinion, I think for long term investment these days doesn't really matter anymore as long as we do buy low and sell high in the market, but I do believe that this analysis is on point in weekly investment or short term investment.

What are your thoughts about this?

I have tried to do such research before and my was buying bitcoin 6pm and sell it 6am and it works for sometime but later it started to failed. It will take extremely carefull for one to make consistent profit from a single strategy. Bitcoin is always down at the weekend and buying bitcoin on Monday might be the right thing to do but most Friday I always see bitcoin extremely volatile.

[ScamViruS]

I do not think this technique will always work without proper analysis. Suppose if you buy bitcoin on friday and dump the price, will you be able to sell again at a loss? Now what if everyone follows the same strategy? Then on friday the market will pump huge because all traders will be in buy mode, and on monday the market will dump huge because everyone will be in sell mode. That way the market doesn't go away. If you are a day trader, you need the ability to do the right market analysis.

[Farma]

That's a very good prediction, but I think every day the development of crypto always gives something new, so whether it's Sunday or Monday, if there is a FOMO, or a strong FUD at that time, prices can go down or up quickly. Well, I probably won't determine to buy or sell from the day, I will determine it from the circumstances.

[TheAndy500]

That's a very good prediction, but I think every day the development of crypto always gives something new, so whether it's Sunday or Monday, if there is a FOMO, or a strong FUD at that time, prices can go down or up quickly. Well, I probably won't determine to buy or sell from the day, I will determine it from the circumstances.

Of course, it can't be guaranteed that this will happen every weekend. This analysis only shows that it is statistically more likely that the price will increase over the weekend than during business days.
However, I was more interested in the fact that this principle is reversed at the time of bear market and bull run.

[whyrqa]

That's a very good prediction, but I think every day the development of crypto always gives something new, so whether it's Sunday or Monday, if there is a FOMO, or a strong FUD at that time, prices can go down or up quickly. Well, I probably won't determine to buy or sell from the day, I will determine it from the circumstances.

Of course, it can't be guaranteed that this will happen every weekend. This analysis only shows that it is statistically more likely that the price will increase over the weekend than during business days.
However, I was more interested in the fact that this principle is reversed at the time of bear market and bull run.

Of course, I do not have professional skills in this activity, but nevertheless I managed to notice a pattern in the reduction of cryptocurrency prices before the weekend and immediately from Monday new cryptocurrencies started to rise in price again.  But this trend was observed in past years, when the cryptocurrency market was more stable due to investor activity, because the cryptocurrency advertising campaign around the world had a very good result.  But since the beginning of 2018, the situation has changed dramatically and even under the current conditions of the cryptocurrency market, it is not always possible to buy cheap on Friday and sell on Monday profitably.

[Blackdeath]

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.

[imstillthebest]

seems legit eh ? what i like is that you provide a chart and some analysis and not just coming up with that theory   .  i think im going to try this one out and see if it works better on me because before i dont usually follow a strict pattern on when to buy or sell   .

i only buy and sell whenever i like and sometime i ended up entering and exiting on wrong times or i cant make the most of my money   . i think i can increase my earning potential if i follow some guides like this   . well see  .

[logfiles]

Not entirely true... I have been following bitcoin prices for weeks every day and in fact sometimes the reverse happens.
When the drop starts on Friday, expect it to go further down even on Monday so this theory will only get you loses if the trend is bearish
Another i noticed is that there are certain hours throughout the day when there is high volatility and low volatility depending on the trend.

[ice098]

Not entirely true... I have been following bitcoin prices for weeks every day and in fact sometimes the reverse happens.
When the drop starts on Friday, expect it to go further down even on Monday so this theory will only get you loses if the trend is bearish
Another i noticed is that there are certain hours throughout the day when there is high volatility and low volatility depending on the trend.

Fluctuations always happened in an unexpected scenario, that's why bearish market will normally occurring on that opportunity. You can't do buy and sell if the market changes isn't capable within your timeframe. Being a trader, it's difficult to plan in accordance to your desire to achieve profit, we really need to manage our asset seriously and focusing on strategic analysis.

[Mahanton]

Not entirely true... I have been following bitcoin prices for weeks every day and in fact sometimes the reverse happens.
When the drop starts on Friday, expect it to go further down even on Monday so this theory will only get you loses if the trend is bearish
Another i noticed is that there are certain hours throughout the day when there is high volatility and low volatility depending on the trend.

Fluctuations always happened in an unexpected scenario, that's why bearish market will normally occurring on that opportunity. You can't do buy and sell if the market changes isn't capable within your timeframe. Being a trader, it's difficult to plan in accordance to your desire to achieve profit, we really need to manage our asset seriously and focusing on strategic analysis.

Lots of factors that do really affect your trades and as said it would really be need some serious handling of your asset and proper planning if you do like
to succeed.

I dont really believe on saying or telling that there are particular days which do really need for you to buy and sell yet any day would be the possible day
for you do buy and sell depending on the situation of the market.Lots of people do keep always do tell that there are patterns or somewhat similar movements
which they do apply their basis and use it as their signal.

[rodskee]

Not entirely true... I have been following bitcoin prices for weeks every day and in fact sometimes the reverse happens.
When the drop starts on Friday, expect it to go further down even on Monday so this theory will only get you loses if the trend is bearish
Another i noticed is that there are certain hours throughout the day when there is high volatility and low volatility depending on the trend.

Just like this week,the price drops in Friday and until now Sunday prices is still falling so i
guess until tomorrow value will continue to fall like what happened last week.
I think there i no really specifics but in bullrun maybe there are similar situation when at Friday
 market is falling and increasing at Monday.
Anyway still the best way is to be ready to absorb the Falling whenever we risk to buy so at least
whatever happens in Monday we will not be surprised.

[bitbunnny]

That can't be set as a rule. Maybe in some cases it was best strategy to buy on.Friday and sell on Monday but that can't be proven to work all the time, it's not a proven best option.
Price doesn't have some proven patteen how it changed through the days in the week so if that worked the best for you I guess it was a coincidence.

[bitgolden]

Yeah, I totally agree that the best case for this type of situation is to not make it a rule. Sure there are many times buying on Friday and selling on Monday would be a great idea and so forth but when it comes down to making it a rule and doing it EVERY Friday to Monday that would be a lot riskier because it can't be true every single week and eventually you would lose money as well.

I personally do this time to time and I do get good results as well as bad results too so I am basically a great example of why you should not consider this a forever thing and constantly do it since I can provide it with my trading history that it doesn't always help you get more profit.

[logfiles]

Just like this week,the price drops in Friday and until now Sunday prices is still falling so i
guess until tomorrow value will continue to fall like what happened last week.

True, i have a very high feeling the drop might just go further in a few hours to come to prove that this Method or analysis isn't accurate. If one is doing margin trading, and they decide to buy on Friday then sell on Monday. They are in for big losses. Maybe a spot trading chap afford to take a hit

[boltz]

This actually worked in 2015-2016 right ? Nowadays it won't work so much as the volume seems to swing from a position to another and you might be caught in this and lose a lot instead of making some but if somehow you know a trick for weekend trading then do it , no one should stop you.

I think the best that work is still buy on prins , sell on summer , buy again when vacations are over and patiently wait for winter to sell again and then repeat next year...this worked also pretty good for previous years.

[TheAndy500]

This actually worked in 2015-2016 right ? Nowadays it won't work so much as the volume seems to swing from a position to another and you might be caught in this and lose a lot instead of making some but if somehow you know a trick for weekend trading then do it , no one should stop you.

"Buy on Monday, sell on Friday" worked in 2017 - during the bull run. Here we have an example "buy on Friday, sell on Monday", which looks like it works statistically more often during the bear market.

I think the best that work is still buy on prins , sell on summer , buy again when vacations are over and patiently wait for winter to sell again and then repeat next year...this worked also pretty good for previous years.

Buying at certain seasons of the year is a long-term investment on the cryptocurrency market Here we are talking about a method used more by daytraders.

[tbterryboy]

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.