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Comment by 5350-uiop-1130 | Hacker News Reader

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5350-uiop-1130·

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

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If 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.

well 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

One can make money predicting volatility.

What do you mean by that?

"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.

Like 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.

The big move above $100k happened after 9pm Eastern time.

that 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.

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