Bitcoin Diamond (BCD)

Current price: $ 0.37

24 hours price change: $ -0.004221 (-1.12%)

Daily analysis of Bitcoin Diamond (BCD) - 1 month

The performance of Bitcoin Diamond regarding the price differs every day. To make the best decision to buy Bitcoin Diamond, we are analysis in this article the performance of Bitcoin Diamond on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 6th, 2019 to December 5th, 2019.

In the barchart below, the weekdays and average performance of Bitcoin Diamond are shown side by side.

Average daily change in price of Bitcoin Diamond per weekday between 11/06/2019 and 12/05/2019.

According to the performance of Bitcoin Diamond between November 6th, 2019 and December 5th, 2019, Bitcoin Diamond performed the best on Wednesdays. On average, the price of Bitcoin Diamond increased 36.08% on Wednesday.

The weekday on which the Bitcoin Diamond performed the worst, is Friday. On Fridays, the Bitcoin Diamond declined in value on average by -4.15%.

Bitcoin Diamond weekday performance

On an average Sunday the Bitcoin Diamond shows an increase in value of 2.87%. However, the change of Bitcoin Diamond on most of the Sundays is between -2.04% and 7.79%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bitcoin Diamonds.

On Mondays, the Bitcoin Diamond decreases in value on average with -0.94%. On most of the Mondays the Bitcoin Diamond decreases in value between -2.60% and 0.72%. The uncertainty (1.66%) is higher than the average decline percentage (-0.94%). Therefore, expected range of price changes of the Bitcoin Diamond on Mondays is large.

The increase in value of the Bitcoin Diamond is 7.40% on an average Tuesday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Tuesdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Tuesday cannot be predicted. The standard deviation for Bitcoin Diamond on Tuesdays is high, namely 11.80%. This means that the expected range of value change for the Bitcoin Diamond is -4.39% and 19.20% on 68% of the Tuesdays.

The increase in value of the Bitcoin Diamond is 36.08% on an average Wednesday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Wednesdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Wednesday cannot be predicted. The standard deviation for Bitcoin Diamond on Wednesdays is high, namely 73.72%. This means that the expected range of value change for the Bitcoin Diamond is -37.65% and 109.80% on 68% of the Wednesdays.

Bitcoin Diamond increased in value on an average Thursday only slightly. The average increase in value of the Bitcoin Diamond was 0.27%. Allthough the Bitcoin Diamond closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.79%). This means that on 68 percent of the Thursdays, the change in price of the Bitcoin Diamond is expected to be in the range of -0.52% and 1.06%.

The decrease in value of the Bitcoin Diamond is -4.15% on an average Friday. The uncertainty of the average change is high for the Bitcoin Diamond on Fridays. This means that it is hard to tell whether the Bitcoin Diamond will decrease or increase in value on an average Friday. If we look at the 68% range of the Bitcoin Diamond, we see that on 68% of the Fridays, the expected change of the Bitcoin Diamond is between -9.28% and 0.98%.

Historical performance on Saturday do not show an increase in value of the Bitcoin Diamond on which a prediction can be made. The Bitcoin Diamond increased in value on average on an average Saturday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Diamond on a Saturday is between -0.43% and 1.88% (see also the table below).

Bitcoin Diamond weekday performance details

Find below the details of the performance of Bitcoin Diamond per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 2.87% 4.91% -2.04% to 7.79%
Monday -0.94% 1.66% -2.60% to 0.72%
Tuesday 7.40% 11.80% -4.39% to 19.20%
Wednesday 36.08% 73.72% -37.65% to 109.80%
Thursday 0.27% 0.79% -0.52% to 1.06%
Friday -4.15% 5.13% -9.28% to 0.98%
Saturday 0.72% 1.16% -0.43% to 1.88%