It has been noticed that during the weekends there is a drop in cryptocurrency, often recovering at the beginning of the week.
But here is what the historical price analysis of Bitcoin showed:
if you buy on Sunday at 18 and sell on Monday at 18 - the delta over all time is $28,200
whereas if you do the opposite slightly -
buy on Monday at 18 and sell on Saturday at 21 -
the delta over all time is $86,323
I thought that the overall stats would show some correlation as well, but it turned out to be like this, a difference of more than 3 times. 16,713,079,561
I have very little experience in the markets, but I enjoy conducting data analysis. For those who have been in this business for a long time, I suspect this was obvious, but for a newcomer, I was somehow expecting something different :)
But here is what the historical price analysis of Bitcoin showed:
if you buy on Sunday at 18 and sell on Monday at 18 - the delta over all time is $28,200
whereas if you do the opposite slightly -
buy on Monday at 18 and sell on Saturday at 21 -
the delta over all time is $86,323
I thought that the overall stats would show some correlation as well, but it turned out to be like this, a difference of more than 3 times. 16,713,079,561
I have very little experience in the markets, but I enjoy conducting data analysis. For those who have been in this business for a long time, I suspect this was obvious, but for a newcomer, I was somehow expecting something different :)