Bitcoin Trades 24/7. But Maybe the Market Makers Don't.

[hormozi]

I never added a session filter to my strategy.

The strategy is based on a personal methodology that tries to identify and follow market-maker moves.

Over the last 4 months it generated 61 trades, with approximately +30% return and 1.4% max drawdown.

What caught my attention is how differently those trades are distributed across trading sessions

New York: 29 trades — 83% win rate — 14.54% of total profit
Tokyo: 18 trades — 67% win rate — 10.35%
London: 8 trades — 88% win rate — 8.75%
Sydney: 3 trades — 33% win rate — -1.26%


NY: +0.50% / trade
Tokyo: +0.58% / trade
London: +1.09% / trade
Sydney: -0.42% / trade


I didn't optimize the strategy for any of these sessions beforehand.

So this raises an interesting question:

Does Bitcoin actually behave differently across trading sessions?

And more specifically:

Could the difference in strategy performance be related to changes in liquidity, volatility and market-maker activity across sessions?

I'm interested in hearing how others interpret this.

https://imgur.com/a/IEPXckY

[BitMaxz]

So this raises an interesting question:

Does Bitcoin actually behave differently across trading sessions?

And more specifically:

Could the difference in strategy performance be related to changes in liquidity, volatility and market-maker activity across sessions?

I'm interested in hearing how others interpret this.

The NY session seems to behave more than the other sessions.
But the volatility happens only every NY open session, and sometimes 2 hours before the volume increase during that time, it also happens when the NY session closes.

That is currently what I noticed for the NY session because I monitor them every NY opening session.

The London session seems right now; it is rare to see high volatility. 

Asia or Tokyo session I don't monitor them; I mostly trade between London and NY sessions.