Nenad
Nenad 5 minutes reading from Bitcoin

BTC Price Action: BTC Goes Down, BTC Up and Down

Let's check BTC weekend price action during the last 10 weekends

🧵

1st week BTC price action I am using an average value of an up and down movement.

BTC went down -3.1%, and it went up 1.4% on Sunday.

After the weekend, it went up 8%.

2nd weekend BTC price action BTC went down -7.7%. At one point it went up 1.4%.

After the weekend, it went up 6.1%.

3rd weekend BTC price action

BTC went up 3.2%. At one point it went down -1.8%.

After the weekend, it went up 5%.

4th weekend BTC price action

BTC went down -1.9%. At one point it went up 1.9%.

After the weekend, it went down -6%.

5th weekend BTC price action

BTC went down -3.4%. At one point it went up 1.1%.

After the weekend, it went up 4.8%.

6th weekend BTC price action

BTC went up 4.1%. At one point it went down -2%.

After the weekend, it went down -3.2%.

7th weekend BTC price action

BTC went up 4%. At one point it went down -3%. After the weekend, it went down -4.5%.

8th weekend BTC price action

BTC basically came to the same basic resistance line, consolidated.

At one point it went down -1.6% and went up 1.7%.

After the weekend, it went up 4.2%.

9th weekend BTC price action

BTC looks quite volatile during this weekend, which is unusual compared to the last 8 weekends. BTC went down -2.6%. During one point it went up 3.1% and went down -3.4% After the weekend, it went down -4.6%.

10th weekend BTC price action

BTC came to the same basic resistance line. At one point it went down -4.1% and it went up 4.4% After the weekend, it went down -8.2%.

In summary, BTC came down 5 times, and it went up 3 times and 2 times went down following at the start of the next week.

BTC came up 3 times, went down 2 times and one time went up following at the start of the next week.

It consolidated twice, once coming up and once coming down following at the start of the next week. BTC's weekend price action doesn't move a lot, and it usually comes with volatility at the start of the next week.

This is great if you want to chill during the weekends and not look at the Chart. However, be mindful that low volume during the weekends gives a Whale a chance to move the price in any direction they want.

Have a great weekend everyone, and watch out for those large wicks 😄

This post is based on this twitter thread.

Comments

Please login to comment.