Based on international market sessions, this trading study reveals a high-probability pattern in Bitcoin price fluctuations. The main concept centers on how the London and New York trading sessions interact, which has a big impact on price action because of greater institutional engagement.
The New York session starts at 8 AM Eastern, and the London session starts at 3 AM Eastern. For traders, the price range (high and low) established during the London session serves as a crucial point of reference.
Data shows that 98.35% of the time over the last six months and 98.36% of the time over the last year, Bitcoin achieves either the London session high or the New York session low. This implies that after New York trade starts, the price nearly invariably rises above the earlier range.
Additional data shows that 58.36% of the time, Bitcoin violates at least one side of this range, and 40% of the time, it breaks both the high and the low. After the New York session opens, the price only stays in the London range 1.64% of the time, primarily on days with little activity, such as weekends or holidays.
Traders may benefit from this pattern. These levels can be utilized as trade objectives since the price regularly approaches them, enabling advantageous risk-to-reward ratios. However, traders must rely on their own tactics and analysis for entry points because the data does not show whether level (high or low) will be hit first.
Strong volatility, reversals, or unsuccessful breakouts might be indicated by the “double break” scenario, which offers more trading chances when both the high and low are broken.
All things considered, this statistical method offers a framework to enhance decision-making but does not ensure profits. In order to more accurately predict price fluctuations during periods of heavy trading volume, traders can include this pattern into their tactics.
