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JohnBitCo
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May 30, 2021, 11:50:58 AM
 #1

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.

When the volume is low, why don't whales interested in pumping the coins ?
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May 30, 2021, 11:55:05 AM
 #2

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.

When the volume is low, why don't whales interested in pumping the coins ?

Big players who pumps coin are having there day-off during weekends since they are closing all there positions before weekends and just open again during Monday which weekly opening that's why pump always happened at the start of the week. If you have a thorough fundamentals on TA. You will know this trading flow.

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May 30, 2021, 12:55:19 PM
 #3

Also, a lot of the larger fiat -> BTC exchanges don't move fiat on weekends.
I start a transfer from my bank to Coinbase ot Gemini anytime after noon on Friday I can't trade with it till Monday.
I do the same transfer Monday AM I can trade with it by Monday night.

YMMV based on account level and history but I'm sure that is also part of the slowdown.
Same with funds going out. I make a withdrawal from Coinbase Saturday AM, I get notification from my back Monday afternoon. I make the same withdrawal Monday AM I get the notification Monday afternoon. So I tend to do less trading over the weekend.

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May 30, 2021, 04:13:55 PM
 #4

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.

When the volume is low, why don't whales interested in pumping the coins ?

There are two reasons why I think whales rather dump the market than pump it up

1. Whales are those accumulate huge amount of coins.
Now since they already have the coins they have the only option to sell it. So they rather prefer to sell their coins and dump the market and create a panic in the market.
Then they buy back cheaper and enjoy their profits when the prices recover.

2. Many people set their targets upwards than downwards.
So if whales pump the price all the targets get achieved and people sell their bags on high prices.
So whales are left with bags and nobody to buy their bags at high prices.

May be I am wrong but this is what I think.

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May 30, 2021, 04:56:08 PM
 #5

maybe some of the reasons that the actual pattern for playing the pump is often done when we are not aware of the price movement from the point of the pump that will be carried out by the whales. it is very difficult to guess, because the question is when the value is low, they try to collect lots of bitcoins as if the traders thought that it was the end of the bull market. That way the whales are very free to take losses from stopping the stop loss in fact it becomes the ideal container for the whales. and that's where they manipulate the price according to the desired target.

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May 30, 2021, 05:16:30 PM
 #6

...When the volume is low, why don't whales interested in pumping the coins ?
You are talking about buy volume here right? I am far from a whale but it's common sense for a good trader not fight the trend. Why push for it when you know there are more sellers on a weekend? It's better to hold the support line and build a base first before pumping a coin prematurely.

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May 30, 2021, 05:27:29 PM
 #7

Whales already manipulated markets which has a result in Bitcoin price. Now it's time to accumulate more Bitcoin and pump it slowly. For Bitcoin, if you expect a sudden pump it wouldn't happen right now since there is few bad news around us. So it will take time to pump it back again. Weekends don't mean actually coin should pump or dump. It fully depends on demand (buy or sell). Bitcoin was dumped by very big whales, so if need a pump now, then need a very big whale as well. Manipulate Bitcoin price isn't too easy right now. And that's the reason why Bitcoin isn't pumping.

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May 30, 2021, 06:15:27 PM
 #8

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.
On the contrary it should be the opposite, no volume so what will the whales manipulate then?

Also it is observed that bitcoin usually dump on weekends and not pump.
Yes, so that answers your question, no manipulation on weekends.

When the volume is low, why don't whales interested in pumping the coins ?
Again, when volume is low means the price is just stalling, so whales are not interested in pumping it. Whales pump it when their is high volatility, and that only happens when trading (selling/buying) is very high and that usually happens on weekdays.

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May 30, 2021, 06:32:14 PM
 #9

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.
It is not always the case. For instance, today the BTC market has shown positivity with a recovery and possibly another spike towards 40K. While this may seem like a one off there isn't so much of a trend not even on weekends because to make money on something that you know it works you just don't stop because it is weekend.

This is my logic anyways, and as far as I've seen the crypto markets are moving quite aggressively even on weekends.

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May 30, 2021, 06:35:27 PM
 #10

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.

When the volume is low, why don't whales interested in pumping the coins ?
Because bitcoin is more of a bullish asset. At every point overall you will see 80-90% of the people bullish on bitcoin therefore it isn't a tedious task to pump up bitcoin as a lot of people would jump in immediately seeing it going up. But on the other hand, bringing it down is certainly difficult especially at the time of the bull run. This is why whales need to look for a weak volume day where they can easily move the market in their desired direction without much resistance. I think this trend isn't much prevalent when the market is moving sideways. This generally happens only at time of bull run when bitcoin is breaking new highs.

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May 30, 2021, 06:52:54 PM
 #11

Bitcoin has no trading session although it's volatility is mostly higher during weekends and in the middle of the night, most cryto investors awaits Saturday nights with their pending buying and selling orders knowing fully well the market cap would be highly volatile causing either a dip or a pump I am thinking this might likely be a result of big investors but am trying hard to wrap my head around how this affects the cryto market that much.

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May 30, 2021, 07:05:25 PM
 #12

In these last two weeks I have noticed big downtrend on Saturday until Sunday afternoon and then I have seen Bitcoin price recovery through the week.I don't know what it means but maybe the whales are dumping coins at 40k and buying back at almost 30k which surely give them a good amount of money won.

So even if the volume is low these whales are making good profit and so far these last two weeks have shown this trend.

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May 30, 2021, 09:06:57 PM
 #13

Well! This issue is intrinsic to fees in a certain way because I always find it better to send on Mondays than on a weekend, it is not always like that, we already know, the same with volatility on any day we can have activity that indicates that the market has a unusual activity.

I have reviewed some weekends of this year 2021 and it has actually been more volatile from Monday to Thursday. Really no trend that says this is 100%.
e.g.
May 29, 2021:
Open: $35,684.16   H:$37,234.50   L:$33,693.93
Close: $34,616.07   
May 28, 2021:
Open:$38,507.08   H:$38,856.97   ::$34,779.04
Close:$35,697.61

Volatile(!?) from Monday to Thursday:
May 27, 2021
Open:$39,316.89   H:$40,379.62   L:$37,247.90   
Close:$38,436.97   

May 26, 2021
Open:$38,392.62   H:$40,782.08   L:$37,905.83   
close:$39,294.20   

May 25, 2021   
Open:$38,795.78   H:$39,776.35   L:$36,581.43   
Close:$38,402.22   

May 24, 2021   
Open:$34,700.36   H:$39,835.14   L:$34,551.08   
Close:$38,705.98

Source:CoinMarketCap


 


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May 30, 2021, 10:29:32 PM
 #14

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.

When the volume is low, why don't whales interested in pumping the coins ?

Big players who pumps coin are having there day-off during weekends since they are closing all there positions before weekends and just open again during Monday which weekly opening that's why pump always happened at the start of the week. If you have a thorough fundamentals on TA. You will know this trading flow.

But I feel as though I have been observing opposite trends. The start of the week has not been very profitable for some time it feels.

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May 30, 2021, 11:55:48 PM
 #15

The war between the US and China is causing the bitcoin price to move sideways too much, the whales of the countries are also subject to the government interest surges as China continuously creates bitcoin-related scams, because so the hype at this point will be more in the interest of governments than whales are at this point.

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May 31, 2021, 03:03:29 AM
 #16

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.

Also it is observed that bitcoin usually dump on weekends and not pump.

When the volume is low, why don't whales interested in pumping the coins ?

yes maybe the weekend is time to take a break, one or two group signal/trading telling me to not trade in weekend because of this crazy volatile. maybe its happen because most of trade is take a holiyeay  Grin since only cryptocurrency that doesn't have weekend

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May 31, 2021, 03:07:31 AM
 #17

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.
(....)
Big players who pumps coin are having there day-off during weekends since they are closing all there positions before weekends and just open again during Monday which weekly opening that's why pump always happened at the start of the week.(....)
For me, I really don't believe in this, since we can have a lot of reasons why there is volatility at a given time.
Like, on weekends -> there could be some trader anticipating on the weekly closing candle or that weekend is the monthly candle will close too.

There are also some "rumors", that there "are" some shitcoins are pumping on weekends, but I believe that there are also a lot of "shitcoins" pumping in any time of the day or date.

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May 31, 2021, 03:08:13 AM
 #18

It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.
People say all kinds of crazy things, it is easy to debunk by simply looking at the facts, in this case the bitcoin price charts.
Sometimes volume goes down on weekends and price becomes more stable (not volatile) and sometimes the volume goes up and price shoots up and sometimes volume goes up and price drops.
There really is no trend here based on day of the week.

Quote
Also it is observed that bitcoin usually dump on weekends and not pump.
Bitcoin is not a pump and dump so it doesn't do either of them.

Quote
When the volume is low, why don't whales interested in pumping the coins ?
Because they can't "pump" bitcoin. Whenever bitcoin becomes more stable they switch to the altcoin market and pump shitcoins.

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May 31, 2021, 03:21:34 AM
 #19

Bitcoin is fluctuated in narrow price range during weekends and has low volume as well. It only changes more in the Monday, with the come back of US traders but price usually does not change much in the Monday as well.

I made that one months ago and changes of price or volume have relations to lower transaction fee rates in weekends as well.

  • Monday, Thursday and Wednesday probably best days to trade every week.
  • Friday, Saturday and Sunday are less volatile days and this fact somewhat is reflected with lower transaction fees on the network. As I pointed out the weekend effects
  • Those statements are true for ranks based on either median or interquartile range (iqr) -- on plots, iqr is represented by the Green box.
  • Pay attention on whiskers (outside boxes). Monday and Thursday have biggest gaps between whiskers. If you are good at tradings, you can take advantage of such
  • Of course, bullish and bearish market can have a bit difference and don't let you are obsessed with statistics.


Details
All years
Code:
* Ranks are based on median
     +-------------------------------------------------------------------------------+
     |      dofw     median        iqr         p25        p75         min        max |
     |-------------------------------------------------------------------------------|
  1. |    Monday    .255949   3.592846    -1.27665   2.316196   -19.80621    41.6811 |
  2. |  Saturday    .251333   2.399184   -.8964984   1.502686   -16.41167    14.6789 |
  3. |    Friday   .1802792   3.059987   -1.235891   1.824096   -20.42729   15.73781 |
  4. |   Tuesday    .122944   3.142102   -1.203938   1.938165   -18.16384   17.39172 |
  5. |  Thursday    .082507   3.592934    -1.51409   2.078844    -37.1869   33.31021 |
  6. | Wednesday   .0794501   3.242431   -1.553851   1.688581   -22.92834   19.86095 |
  7. |    Sunday   .0693629   2.536824   -1.040577   1.496247   -15.33058   14.13432 |
     +-------------------------------------------------------------------------------+

* Ranks are based on interquartile range (iqr = p75 - p25)
     +-------------------------------------------------------------------------------+
     |      dofw        iqr         p25        p75     median         min        max |
     |-------------------------------------------------------------------------------|
  1. |  Thursday   3.592934    -1.51409   2.078844    .082507    -37.1869   33.31021 |
  2. |    Monday   3.592846    -1.27665   2.316196    .255949   -19.80621    41.6811 |
  3. | Wednesday   3.242431   -1.553851   1.688581   .0794501   -22.92834   19.86095 |
  4. |   Tuesday   3.142102   -1.203938   1.938165    .122944   -18.16384   17.39172 |
  5. |    Friday   3.059987   -1.235891   1.824096   .1802792   -20.42729   15.73781 |
  6. |    Sunday   2.536824   -1.040577   1.496247   .0693629   -15.33058   14.13432 |
  7. |  Saturday   2.399184   -.8964984   1.502686    .251333   -16.41167    14.6789 |
     +-------------------------------------------------------------------------------+

In 2020 only
Code:
* Ranks are based on median
     +--------------------------------------------------------------------------------+
     |      dofw      median        iqr         p25        p75         min        max |
     |--------------------------------------------------------------------------------|
  1. | Wednesday    .8378724   2.618876   -.7242507   1.894625   -5.544591   12.73686 |
  2. |    Monday    .5560157   3.891994    -.556548   3.335446   -6.884572   10.96038 |
  3. |  Saturday    .2637979   1.688826   -.4005385   1.288288   -6.687685   3.859725 |
  4. |  Thursday    .2544709   3.238406   -1.167028   2.071378    -37.1869    18.0304 |
  5. |   Tuesday    .0488164   3.354167   -1.036243   2.317924   -6.230167   8.436751 |
  6. |    Sunday    .0117402   2.106423   -.9847237     1.1217    -8.98149    4.35372 |
  7. |    Friday   -.0321932   2.067744   -.9416836    1.12606    -6.00138   10.87881 |
     +--------------------------------------------------------------------------------+

* Ranks are based on interquartile range (iqr = p75 - p25)
     +--------------------------------------------------------------------------------+
     |      dofw        iqr         p25        p75      median         min        max |
     |--------------------------------------------------------------------------------|
  1. |    Monday   3.891994    -.556548   3.335446    .5560157   -6.884572   10.96038 |
  2. |   Tuesday   3.354167   -1.036243   2.317924    .0488164   -6.230167   8.436751 |
  3. |  Thursday   3.238406   -1.167028   2.071378    .2544709    -37.1869    18.0304 |
  4. | Wednesday   2.618876   -.7242507   1.894625    .8378724   -5.544591   12.73686 |
  5. |    Sunday   2.106423   -.9847237     1.1217    .0117402    -8.98149    4.35372 |
  6. |    Friday   2.067744   -.9416836    1.12606   -.0321932    -6.00138   10.87881 |
  7. |  Saturday   1.688826   -.4005385   1.288288    .2637979   -6.687685   3.859725 |
     +--------------------------------------------------------------------------------+

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
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