Bitcoin and Market Secrets: Why Days of the Week and Dates Matter
Financial markets, including cryptocurrency markets, are far from random. Behind the apparent chaos, there are patterns that you can use to improve the effectiveness of your strategy. One such pattern is certain days and dates that statistically prove to be more favorable for buying or selling assets such as Bitcoin.
The myth of randomness
Many traders make the common mistake of reacting to short-term market fluctuations. They panic and sell on weak days, and buy on strong days, fearing to miss out. However, such an approach rarely yields the desired profit. Markets are not random, and proper statistical analysis can help avoid typical mistakes.
The magic of statistics
Interesting facts about Bitcoin over the last 1000 days:
On August 5, 2024 (Monday), Bitcoin lost $4167 in one day.
On November 11, 2024 (Monday), Bitcoin rose by $8275.
These events demonstrate that even within a single day of the week, for example, Monday, diametrically opposite results are possible. This reminds us of the importance of paying attention to details and historical data.
Dates that decide
Research has shown that certain days of the month are more favorable for trades:
Best days for buying: 4, 13, 19, 25, 29.
Best days for selling: 5, 9, 11, 18, 30, 31.
The unluckiest day for buying: the 30th.
This information is not a complete trading strategy, but it can be a great supplement to it, helping to minimize losses and increase profits.
Knowledge for those who are not afraid of effort
Studying statistics requires time and patience. But it is this knowledge that distinguishes successful traders from the majority. The market rewards those who are willing to analyze data and make decisions based on facts rather than emotions.
By using statistical patterns, one can make their trading approach more conscious. However, it is important to remember that the market remains a dynamic environment, requiring a comprehensive approach and continuous learning.
