What are the most active hours for day trading cryptocurrencies?
riteshDec 28, 2021 · 3 years ago3 answers
When is the best time to engage in day trading cryptocurrencies? I want to know the hours when the market is most active and volatile, so I can maximize my trading opportunities. Can you provide insights into the most active hours for day trading cryptocurrencies?
3 answers
- Dec 28, 2021 · 3 years agoThe most active hours for day trading cryptocurrencies typically occur during the overlap of trading sessions in different time zones. This is when the market experiences increased trading volume and volatility. For example, the hours between 8:00 AM and 12:00 PM EST are often considered the most active as it coincides with the opening of the European trading session and the continuation of the Asian session. During these hours, you can expect higher liquidity and more trading opportunities.
- Dec 28, 2021 · 3 years agoIf you prefer a more relaxed trading environment, you may consider the hours between 12:00 PM and 4:00 PM EST. This is when the European trading session is in full swing, and the American session is just starting. The market tends to be less volatile compared to the earlier hours, but there are still plenty of trading opportunities available.
- Dec 28, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the most active hours for day trading cryptocurrencies are typically between 9:00 AM and 11:00 AM EST. During this time, traders are actively reacting to news and market developments, leading to increased trading volume and price movements. It's important to note that market activity can vary depending on the specific cryptocurrency and current market conditions. Therefore, it's always recommended to stay updated with the latest market news and trends to make informed trading decisions.
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