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Understanding Bitcoin Weekend Behaviour
It’s the weekend, and there’s nothing better to do than… BTC chart- watching.
If you trade Bitcoin, it’s imperative you know how the cryptoasset behaves on weekends. In the past couple of months, Bitcoin price action has been behaving in a particular manner between Fridays and early Mondays. I observe how these weekend movements contain both clues for the upcoming week and trade opportunities.
The weekend PA (Orice action) was actually rather predictable, and there are some elements about it that we can take advantage of.
Ever since the Bitcoin ETFs launched, most Bitcoin activity moves on US hours and leaves no excitement outside of it (Except few Asian hours cases.) Last bull cycle, this was not the case, as the crypto market was a non-stop roller-coaster working 24/7.
Meanwhile, nowadays crypto market deserts weekends almost completely.
Below is the chart I made trying to confirm my suspicion. The blue circles are on weekends. You see how flat price actions are during these times.
Zooming in, there is more to analyze. More clues to notice.
