I did the math. Using stadistics from the last 5 years, best day of the week to buy BTC is Friday’s night and to sell is Wednesday’s night.
Hi guys,
This is what I did, I downloaded the daily prices from BTC from March 2018 until today (March 2022), using Investing data.
That gave me around 208 weeks.
Then I checked the end price of each day (end price of "currenct" day means start p´rice of "next" day)
That gave me the following results:
| Weekday | Total | Gain | Loss |
|---|---|---|---|
| Sunday | 209 | 109 (52%) | 100 (48%) |
| Monday | 208 | 99 (48%) | 109 (52%) |
| Tuesday | 207 | 105 (51%) | 102 (49%) |
| Wednesday | 209 | 118 (56%) | 91 (44%) |
| Thrusday | 207 | 96 (46%) | 119 (54%) |
| Friday | 209 | 112 (54%) | 97 (46%) |
| Saturday | 209 | 125 (60%) | 84 (40%) |
How to read it?
Saturday having 60% "Gain" means 60% of the Saturdays price ended up being higher at the end of the day than at the beggining (Friday night).
Thursday having 54% "Loss" means 54% of the Thursdays price ends being lower at the end of the day than tha the beggining (Wednesday night)
Don't know what to do with this info, but found it intesting. Maybe instead of daily traders we get weekly trades?
What do you think?
Note: This is using Investing data, so it's adjusted at their timezone.
submitted by /u/WorkingLime
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