Since BTC doesnt open/close what time of day is the price most active volitile?

[btc_angela]

According to one of the articles, "the most volatile period is 16:00 UTC / Noon EST / midnight CST on a Wednesday." During this particular hour, Bitcoin is said to be "36% more volatile than the average of all time periods." Moreover, Bitcoin is "least volatile period is 8:00 until 10:00 UTC on Monday."

Which means if one live in a different time zone, it will be affecting or crashing.
For them to conclude in this, I am guessing they might have monitored it for a year or more.
Personally, I feel this sort of thing is hard to monitor considering people's emotions are also a contributing factor and this have no timezone.

Of course, it's not that accurate though, the time zone and the percentage could be the ball park numbers. I also do monitor the price when I active in the forum and yes, it's hard to conclude what time and day it really peak as the market is open 24x7/365.

And as you have said, we also have the greed and fear index that might contribute to the sudden change in variable throughout the day.

[RealMalatesta]

According to one of the articles, "the most volatile period is 16:00 UTC / Noon EST / midnight CST on a Wednesday." During this particular hour, Bitcoin is said to be "36% more volatile than the average of all time periods." Moreover, Bitcoin is "least volatile period is 8:00 until 10:00 UTC on Monday."

Which means if one live in a different time zone, it will be affecting or crashing.
For them to conclude in this, I am guessing they might have monitored it for a year or more.
Personally, I feel this sort of thing is hard to monitor considering people's emotions are also a contributing factor and this have no timezone.

I think if you live in a world of global time zones and global deals that you do, you could sleep or wake up according to what you need to do. People need about 6-8 hours of sleep most of the time, sure you could live with less or you may want more but 6-8 hours is ideal and that is how it should be, meaning if you live in a timezone where you need to be awake from 1 AM after midnight to 7 am in the morning, you could do that, sleep at 8 am in the morning, wake up about 2-4 pm in the afternoon and just keep living like that forever, it is really not going to change too much of your life.

When you are hanging around with your friends that usually ends before 1 am anyway (and not even happening now because of covid) and people usually do not meet up early morning neither, so you could have all the things you want in life while still sleeping on early hours and even afternoon so time zone could be arrange according to whatever you need.

[STT]

End of the weekly bar is very unusual in that BTC is end of Sunday but within the first waking hours of Japan main markets coming back, I think this is what can create the biggest clash of waves in that weekend and main week meet here in this point around midnight UTC


Here is the weekly bar view, it is important because the largest time frame over rides other time frames as its including the bigger volume in consolidation with the surest conclusions in price.   The close price is always the most important on a line chart, its the only price shown in the end and years from now all people will see is the Sunday close price for that week.

We have uptrend still so relatively calm perhaps, for now.

[Reid]

@beamin, are you planning on trading?

I think he does, given he's handicapped and having a difficult time looking for a job.

I agree with some members here with Monday as a not much volatile day.
Tuesday is where they start heating up and Wednesday could be the most volatile of all.
Observed that before when I was too active (almost in a bad way) with trading. 
But you could not always rely on that. Just consider it first and have a look if the theory is somehow correct then align it with your timeline.

[jostorres]

End of the weekly bar is very unusual in that BTC is end of Sunday but within the first waking hours of Japan main markets coming back, I think this is what can create the biggest clash of waves in that weekend and main week meet here in this point around midnight UTC


Here is the weekly bar view, it is important because the largest time frame over rides other time frames as its including the bigger volume in consolidation with the surest conclusions in price.   The close price is always the most important on a line chart, its the only price shown in the end and years from now all people will see is the Sunday close price for that week.

We have uptrend still so relatively calm perhaps, for now.

Even though the most important one is always shown the first, the others play a big role as well, sure not the "biggest" role but it is still a big role. I have never believed in the time periods because even though there are times when btc is traded the most, or has the highest volume, that doesn't mean that with smaller volume all of that was done with the high volume could be overridden very quickly, all it takes is people who oversize in another direction.

So, let's say there is 50 billion dollars and it is 40-10 billion that buys so it looks like the price will go up a lot, well in the same sense 12 hours later when volume drops to 5 billion dollars it could be 1-4 on sell side and get it back again very quickly. It is not this simple of course but the logic stands, as long as there are not that many buyers or sellers, it all depends on the wave and momentum.

[beamin]

I havent taken note of volatility through out the day but on a slightly different note
but related I have noticed that the majority of price increases start on Wednesday (CET),
Thursdays I suppose in the Asian markets. Just my observation.

Here is an article which correlates to what Ive noticed

Theory 1
The demand for Bitcoin slows down during the weekends, pushing its price to be lower on Mondays.
On the contrary, Bitcoin price is assumed to be high on Fridays and Saturdays.

Theory 2
This theory suggests people decide to buy BTC during the weekends, and execute orders as soon
as the week begins. In this scenario, volumes are higher on Mondays and a more cautious behavior
expected as the week goes by.

Theory 3
Experienced traders would typically avoid buying bitcoin in dates 9-to-5 workers get paid, usually
in the middle and end of the month. The logic is simple: when people have money in their pockets
can buy bitcoin, driving demand, and its price higher.

@beamin, are you planning on trading?

I have been doing alot of trading I started around 6k in Dec and I'm up to 10,470 but I'm stalling out. Making and losing the same money. I have been trying to break 11k$USD this week but after about 6 trades tonight I broke even. I lost my trading tool due to a glitch on my phone so I was just trying to go off patterns.

[el kaka22]

People could trade at whatever hour they want, trying to trade on the most active period of the day or most active period of the week, or even most active period of the month, year will not really yield you any better or worse trades if you are not at the top of the game. Sure maybe there are very few traders who are so veteran and great at what they are doing that they end up with actually making a huge decision and change their trading according to time zone, but that is very rare and very few people.

Any regular human who makes regular trades should not care about it because the difference is just few pips and that should not matter to you unless you do 100x high risk leverage per minute. Of course there will be tons of people who will ignore this and keep on trying to find the best methods of trading instead of actually learning how to trade but that's okay, thanks to them we make a lot of profit.

[notblox1]

You can check out when fees are most high and that would probably be the part of the day or week when people are trading and sending coins most.
According to that I think that Saturday and weekend is the period with lowest volatility but entering and exiting weekend is probably with highest volatility.
In general there are no strict rules for this as we can see that one tweet or big news like with Elon Musk and Tesla will spike volatility very fast.

[beamin]

People could trade at whatever hour they want, trying to trade on the most active period of the day or most active period of the week, or even most active period of the month, year will not really yield you any better or worse trades if you are not at the top of the game. Sure maybe there are very few traders who are so veteran and great at what they are doing that they end up with actually making a huge decision and change their trading according to time zone, but that is very rare and very few people.

Any regular human who makes regular trades should not care about it because the difference is just few pips and that should not matter to you unless you do 100x high risk leverage per minute. Of course there will be tons of people who will ignore this and keep on trying to find the best methods of trading instead of actually learning how to trade but that's okay, thanks to them we make a lot of profit.

What are pips are they like the crypto version of basis points?

[STT]

Was looking at this just now and seems like the boring answer might just be that the change of the daily candle is when movement or pattern is set often so important to watch price at this point.   So simply today we had a low at around midnight forum time and price moved fast around that point.



A pin candle like that is considered bullish by many though its not normally how I look at the chart I dont disagree as to OP question the change of days is maybe a good time to expect some volatility or turn around can occur.