1/7
There are very few trading charts or patterns or market norms that I believe in.
But, one I cannot get past is Tuesdays.
Historically Tuesdays are the weakest day for the crypto market during Eastern trading hours.
There are very few trading charts or patterns or market norms that I believe in.
But, one I cannot get past is Tuesdays.
Historically Tuesdays are the weakest day for the crypto market during Eastern trading hours.
2/7
This statistic gets even higher if it is a Tuesday after the 10th of the month.
The rare times it is negated is when that Tuesday is the last day or first day of a month due to fund inflows.
This statistic gets even higher if it is a Tuesday after the 10th of the month.
The rare times it is negated is when that Tuesday is the last day or first day of a month due to fund inflows.
3/7
Now this isn't to say that all Tuesdays head down or close down.
But, Tuesdays are more likely to head down than almost any other day of the week, and head down into the open more often than not.
Now this isn't to say that all Tuesdays head down or close down.
But, Tuesdays are more likely to head down than almost any other day of the week, and head down into the open more often than not.
4/7
Honestly, this is no different than the weird behavior that had many Marches and Septembers be poor months for Bitcoin.
It seems without strong cause, and is likely just self-reinforcing mumbo-jumbo.
Honestly, this is no different than the weird behavior that had many Marches and Septembers be poor months for Bitcoin.
It seems without strong cause, and is likely just self-reinforcing mumbo-jumbo.
5/7
But, I still usually close up longs and switch to a short-term short on lots of assets on Tuesdays and its worked out for me decently well.
But, I still usually close up longs and switch to a short-term short on lots of assets on Tuesdays and its worked out for me decently well.
6/7
I've been trying to compare this trend to other data inputs, onchain data, exchange data, date trends; and I can't really find anything.
Which is why I'm throwing it out there.
I've been trying to compare this trend to other data inputs, onchain data, exchange data, date trends; and I can't really find anything.
Which is why I'm throwing it out there.
7/7
If you have any idea what might cause this trend, let me know and I'll dig deeper and share results.
If you have any idea what might cause this trend, let me know and I'll dig deeper and share results.
I should also note, that this trend may be more recent, its one that I've only noticed and been looking into in the past few months, need to pull in more historical back data to see how long its been the case.
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