MTGOX:BTCUSD   Bitcoin / U.S. Dollar
557 3 7
Im sick of hearing people in chat always complaining about "weekend sell offs". Its a myth. It happened one weekend, and ever since people say weekend always drop. Who would take profits during the weekend when it takes 1 year to withdrawal from GOX anyway. The past 5 weekends have resulted in a 30% gain.
doesnt look like a 30% gain is in the near future based on the last hour. I agree with you though. I did some research on weekend trading several months ago and couldn't find a significant correlation with price. I think everyone gets thrown off because there is a significantly lower trade volume
It depends on who's weekend we're talking about though. For example, the weekend drop on 07-09 Dec-13 happened squarely in my Saturday around lunch time (Sydney, AU GMT+11). This correlates with Chinese Saturday morning (Beijing, GMT+9).

So moving your time windows a little to the left shows that 4 of 5 Chinese weekends have had a price drop.

Even this last weekend (14-15 Dec 13) was no exception.
ah, yes, I did not think about time zones. Pretty selfish of me actually. Still, I personally don't consider it a significant factor yet.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out