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Are some days better than others for trading @bitcoin and other #crypto?
If so, how does trading $BTC only on (historically) the best days compare to simply #HODLing?
Check out our full analysis here! tinyurl.com/y6z55ulw
[explanation continued in comments]
If so, how does trading $BTC only on (historically) the best days compare to simply #HODLing?
Check out our full analysis here! tinyurl.com/y6z55ulw
[explanation continued in comments]
2/ To answer the above, we started by calculating the average $BTC price returns for each day of the week, including weekends.
Here are the average log returns for Bitcoin from 2017 until present day:
Here are the average log returns for Bitcoin from 2017 until present day:
3/ We can see major differences between days:
Monday and Saturday emerge as clear winners, with average returns of +0.69% and +0.5%, respectively.
Wednesday, Thursday and Sunday all returned neg. values for the past 2 years. To date, Weds proved to be the worst performing day.
Monday and Saturday emerge as clear winners, with average returns of +0.69% and +0.5%, respectively.
Wednesday, Thursday and Sunday all returned neg. values for the past 2 years. To date, Weds proved to be the worst performing day.
