Re: Don't let the holiday catch you - if you are a day trader.
Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!
Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks
Holiday is the time when others spent their holiday or free time in family or going somewhere else which has a greater effect in the total market volume. Many of the day traders and scalpers were busy. It's not happening in every holiday but most of the time,good observation man, ilike this kind of thing that gives information to others who wants to know and not know some reasons why the markets volatility is becoming low for a certain time or day. I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!
Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks