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as someone who follows crypto its crazy how much US dominates the prices during euro/asian hours price will go sideways or go down, then during US hours you ge
by 5350-uiop-1130 2y ago
as someone who follows crypto its crazy how much US dominates the prices
during euro/asian hours price will go sideways or go down, then during US hours you get the huge moves up or down
i'm guessing all financial markets are like that. it's like US is a behemoth
- smeej 2y agoThe big move above $100k happened after 9pm Eastern time.
- 5350-uiop-1130 2y agothat would be 6pm pacific time. still falls under reasonable US time. i think US accounts for 25% or over of global wealth, so it makes sense the big moves come from there.
- zadler 2y agoIf you are sure of this then congrats, you’ve spotted a pattern in the market that you can exploit and get rich off. Seems unlikely tho for this reason.
- 5350-uiop-1130 2y agowell the money comes from predicting the direction. this doesnt tell you the direction just that when US trading hours start the probability of a large move up or down increases
- ilija139 2y agoOne can make money predicting volatility.
- Wingy 2y agoWhat do you mean by that?
- ilija139 2y agoLike FooBarBizBazz says below. One can buy and sell multiple options at the same time such that the trade overall makes money if the price stays within a range or (with a different set of option trades) makes money if the price goes outside a range, regardless if it is up or down. Search for straddle and strangle options. Option trading for Bitcoin and all major crypto currencies is possible and it is where the majority of trading happens.
- FooBarBizBazz 2y ago"Reverse collar" (aka "long (iron) condor") options strategies would be one possibility, depending on the premiums people are charging. This is assuming that options trading for Bitcoin is possible and works the same as options trading on the ordinary stock market. Also, I am not an options trader.