Bitcoin and the Sunday Effect
I’ve noticed that Sunday night and Early Monday morning Bitcoin OFTEN sees a pullback when the volume is weaker and the US and Europe markets are closed. This is being uploaded in May 2020 and this macro trend or pattern has been occurring quite a lot this year and even in late 2019 I noticed it.
In this video I go back about 8 weeks and show you the price charts to demonstrate what I mean...
Perhaps Sunday’s are the best times to go short on average or sell your Bitcoin and buy lower? I will let you make up your own mind, but definitely do your research and check out this fairly often occurring phenomenon in Bitcoin.
Enjoy the video! Peace ✌🏼
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Disclaimer: I am not a financial consultant in any way, while I have studied cryptocurrency and the crypto space for years now, I cannot predict the exact future, as some companies or regulations may change the course of any of my recommendations and research findings.
Therefore, please use due diligence and make up your own mind about all cryptocurrency investments as they offer excellent rewards, but are not backed by any deposit or federal insurance, so invest wisely and in small amounts after a good review of the best, sound companies out there.
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