Cryptocurrency Q&A
What is the day of the week effect in the cryptocurrency market?
What is the day of the week effect in the cryptocurrency market?
BitcoinBaronGuard
Tue Dec 03 2024
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5 answers
1003
I've heard about a certain effect in the cryptocurrency market related to the days of the week. I'm curious to know more about this day of the week effect and how it impacts the market.
5 answers
Bianca
Thu Dec 05 2024
The strategy involves opening long positions on Monday.
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KimchiQueenCharmingKissWarmth
Thu Dec 05 2024
Bitcoin exhibits a unique pattern related to returns on Mondays.
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SeoulSoul
Thu Dec 05 2024
These positions are then closed at the end of the same day to lock in profits.
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ZenFlow
Thu Dec 05 2024
This phenomenon is known as the day of the week effect, where returns are significantly higher on Mondays compared to other days of the week.
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Dario
Thu Dec 05 2024
Given this anomaly, a specific trading strategy can be employed to capitalize on this trend.
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