Is there a correlation on day of week to BTC price?

This was fun. Looking at the past 9 weeks of BTC data, I can say that there is an apparent day of week trend on where the high and low price is going to be....though, looks are deceiving. Most all of this is during a bear market for BTC (starting with the alt-run to the total market cap dip now).

Disclaimer: I am not your financial adviser. I'm just a dude, doing some fun analysis.

Lets get started!

So, as the chart shows, if you buy BTC on Wed-Friday, then sell on Sunday, you are going to get the most bang for your buck. ..right? Nope. This is a case of misleading data. As an example:

Buying Wednesday and Selling Sundays:

Instead of this, we have to look at the profit day-to-day. In this case, as a simple exersize, we could actually buy on Friday and sell on Saturday...

If we want to go even deeper, we could buy on Wed, sell Thursday, buy Friday, sell Saturday.

So, from what you can tell, sticking to the plan of buying on Wed, sell Thursday, buy Friday, sell Saturday is by far the best (simple) way to get returns....maybe. If we look at the tables, the most guaranteed return is happening on Friday-Saturday. So, based on risk, its a higher risk but higher reward for doing it 4 days per week vs. 2.

By the end of the year (assuming that this 9 week trend continues), you would make the following increases:
Fri-Sat: 114%
Wed-Sat: 173%

What could you do with this data? If you are going long, use it to know what days to buy in. If you are going short, be aware of the strong day of week trends to make your time spend more efficient. Nothing is 100%...and this entire trend could change in the next 9 weeks...so, your results may vary.

What do you think? Let me know in the comments!