Traders sell on Fridays and buy back on Mondays?

First and foremost, this is just my observation and opinion, I'm neither a professional trader nor financial expert so I'm not telling you what to do, please make your decisions at your own discretion and after due research.

Having that cleared away, I'm sure I'm not the first to notice that there's more often than not that there's a larger than usual selling off when weekend approaches and more buying in as Monday nears on the crypto markets.

Is it that more traders cash out to take a break for the weekend? These traders could be banks, big organizations, and whales, basically, those who hold enough to make a difference when they sell or buy. I don't know for sure and most probably processing information with my little pea brain but most banks I know do take a break over the weekends and humans appreciate a break too.

So when a substantial amount is being cashed out causing a dip, more would be panic selling causing a deeper dip and the reverse happens when a spike happens near Monday.

Could that be part of the reason that there's usually a dip as the weekend approaches and a spike as Monday approaches?

Again, the above is just my own speculation and would most likely be explained way better by an expert so for your own safety and protection of your investments, DO NOT make any decision based solely on what you just read.

Any thoughts would be greatly appreciated :)

We are all on a journey, remember to enjoy the sights and sounds along the way, and do good as often as you can and as much as possible.

Alex

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