This is what the average Bitcoin return looks like depending on the day of the week over the past year 🔍
It is very interesting that the worst day for longs is Sunday. The best day to go long is Monday, but you should sell on Wednesday 🗓
It turns out that during the last year you could trade quite well just by repeating this scheme every week:
🟢Open long on Monday
🟢Close long on Wednesday
🔴Open short on Saturday
🔴Close short on Sunday
The reason why the crypto market falls so often at the end of the week on Sunday is that investors are preparing for the opening of the U.S. stock market
They expect a correction on S&P 500, and therefore sell crypto, which unlike stocks trades 24/7 🧠
