The return of this strategy in Bitcoin has been 200% in the last 5 months

 What would be the result if the position was taken in the direction of selling at Asian trading hours and buying at American trading hours? The answer to this question has been plotted.

Those who follow Bitcoin closely have noticed that the price moves excessively, especially during some hours.

Many studies have been conducted on the relationship between bitcoin price movements and the time of day. According to the most variable work hours when the Bitcoin with Turkey clock 03:00 to 04:00 range. Specifically, 04.00 is a time when daily lows and highest price levels are seen more than any other time of the day. This is attributed to the fact that that hour is the beginning of the evening in North America and the beginning of the work day in Asia.

Recently, Bitcoin has frequently risen during the hours when Americans are trading, and decreases during Asian trading hours. So what would happen if the transaction was opened accordingly? The graphic shared by Avi Felman from the crypto money investment company BlockTower reveals the striking picture. Accordingly, if a trader had taken a short position during Asian hours since 2017, that is, in the short position, and during American hours in the long position, the total return would be over 800 percent. In recent months, the return of this strategy has been largely ahead of Bitcoin's price increase.

It is noteworthy that this trend is more pronounced in 2020. While the return of this strategy in 2017 was mostly negative, a significant positive has been observed especially in the last 5 months. Another inference that can be made on the chart is that Americans aggressively bought Bitcoin this year, and sales came from Asia. It is stated that the sales in Asia originate from Bitcoin miners.

Asian trading hours are considered to be between 02.00 - 11.00. American trading hours are in the range of 16.00 - 00.00.

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