Cryptocurrency trading allows you to buy and sell cryptoassets on any day of the week, even on Saturdays and Sundays, which I will explain in this article. Unlike the foreign exchange market, the virtual currency market can be traded on Saturdays and Sundays, so it is also a highly recommended investment for people in other occupations, such as office workers. However, do the markets move well on Saturdays and Sundays? What trends are you seeing?
Saturday price movement
Among crypto assets, Bitcoin’s price drops on Sundays, and there is a lot of buying and selling from Monday to Friday, which causes price movements to be more volatile than necessary, making it easier to create trends. On Saturdays, the market tends to settle down and remain in a range without fluctuations. Sunday is the best time to trade Bitcoin. A gimmick is set on Sunday and an up or down trend occurs on weekdays. It is often featured in domestic and international news. We recommend starting on a Saturday or Sunday to reduce risk.
Also, as you can see from the market price below, the trend often changes between Saturdays and Sundays. In the chart below, the red line ends on Saturday and Sunday, but in the following week, it turned to the blue line, that is, the upward trend. This is just one example, but one of the characteristics of cryptocurrency price movements is that the flow changes at once on Saturdays and Sundays.
Source : BTC/USD 1day-leg 07-2023
Linked with other than Bitcoin
The movement of Bitcoin is characterized by the fact that other coins such as Ripple and Ethereum also move in a similar way. This is because Bitcoin is the key currency, so other coins move as if they were being dragged along. Therefore, it is important to watch the movement of Bitcoin when purchasing currencies other than Bitcoin. As explained above, it is often the case that weekends and weekends can change the situation, so be especially careful.
Will cryptocurrencies drop on Saturday?
As for whether the virtual currency will go down on Saturdays and Sundays, it tends to go down on Sundays. As a trading method, it tends to be easy to buy bitcoin when the price drops on Sunday and sell when the price rises on Monday, Tuesday, and Saturday. The reason why bitcoin goes down on Sunday is that investors and brokerage firms who don’t look at charts on holidays tend not to trade or sell bitcoin.
Also, other than that, on Saturdays and Sundays, there is a tendency for not much big news to come out. Therefore, there are many traders who take profits once in preparation for the beginning of the week. As a result, it is said that the virtual currency market, including Bitcoin, will be on the decline.
work on sunday evening
If you’re looking for trends, Sunday evenings are your target. On Saturdays and Sundays, although the market tends to fall, the market tends to be in a range, so it will be a period of accumulation before the next direction comes out. The standard pattern is to enter a high or low price during this period and wait for a large price movement on Monday. The virtual currency market will move greatly on weekdays.
Because of this trend, trend followers will put their entries in by Sunday and look for answers from Monday onwards. If you are aiming for a large price range, Saturdays and Sundays are the best timing to target.
Open an account
To actually start investing, you must first open an account. MEXC allows you to open an account for free, so you can easily open an account. The article below explains how to open an account, so please refer to it. The company’s services are available 365 days a year, regardless of the day of the week. It is secure and safe, and the advantage is that you can trade using the app. We also handle new altcoins that are attracting attention, so you can easily place orders.
World famous exchange
MEXC is recommended for beginners to start. The fees incurred when buying or selling are low. There is a lot of information on campaigns and bonuses, and deposits and withdrawals can be made using legal currencies. Therefore, it is a top exchange in the popularity ranking. In the future, it will become the world’s leading exchange. If you incur a loss and your balance becomes negative, you can rest assured that the management will take a zero cut.
Perfect security measures
Security measures are now in place, and wallet management is also monitored. Since the company has a high level of security, you can feel safe buying and selling the popular BTC, ETH, USDT, XRP, etc. You can trade 24 hours a day, even on holidays, so you can make efficient investments. Also check the terms of use. There is also support.
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