What Is The Best Time To Trade Cryptocurrencies?
The crypto market is open 24/7, but that doesn’t mean you should trade cryptocurrencies all day long. There are optimal times to trade and certain times of the day where you should be cautious.
This article will go over what each day of the week has to offer and will explain how to profit from these trends.
What Are The Best Times To Trade Crypto?
A common mistake traders make when they enter the world of crypto trading is to think that they need to be watching charts all day long because the market never sleeps.
In reality, this isn’t true and it’s actually a good thing, because most people don’t have endless time on their hands and it can be stressful to sit in front of a screen all day.
So, what are the best times to trade cryptocurrency, then? A lot of it comes down to personal preference, but there are some general trends that may help you optimize your trading time.
This article is taken from the Crypto Watch blog at https://www.cryptowatch.com/blog/2019/03/05/what-is-the-best-time-to-trade-cryptocurrencies
This isn’t a guide to trading cryptocurrency, but a general overview of what times are best to trade cryptocurrency
A lot of people get into crypto because they know there is money to be made and they can see that other people are making it. They have heard things like “buy Bitcoin when it is low, sell when it is high” or “watch the news and invest when you hear something good” or some variation on those themes.
What they often don’t realize though, is that you can’t just buy and sell at any time and make money. You have to buy and sell at the right time. The same goes for other cryptocurrencies as well, not just Bitcoin (BTC).
So how do you know the best time to buy or sell? Well, there are a bunch of factors. In this article we will discuss some of them and show how you can use a tool like Cryptowatch to help you with your decisions.
The first thing to say about cryptocurrency markets
In terms of the best time to buy cryptocurrencies, it is often said that the weekend would be a good time for buying as during this period, there is lesser volatility so you can buy your coins at a lower price.
Since most crypto trading is done online, security is of utmost importance. This means that if you are going to engage in crypto trading, you need to ensure that you have a strong antivirus and firewall.
The best time to trade will vary according to a number of factors, including your experience as a trader and your personal circumstances. The time of day may also have an impact on trade volumes and the likelihood of finding willing counterparties to trade with. For example, the forex market is active throughout the day and night due to differences between time zones; however, not all hours are equally good for trading.
The best time depends on what type of trader you are or what kind of strategy you use. To make money through trading, one needs to understand why markets move in certain directions and how they behave during different parts of the day. This knowledge can help traders identify when prices may rise or fall so they can make informed trading decisions about which assets are better suited for their portfolios and which ones may not be worth investing in at all times.
How do you know when to trade cryptocurrencies?
Many cryptocurrency traders have the same dilemma: When is the best time to trade? This often leads them to the following questions: What should I be looking for, what indicators should I use, and what time of day will give me the best results?
There is not a single correct answer for this. The best time to buy or sell crypto depends on a variety of factors. In this post, we will look at some of those factors as well as how you can determine what is best for you.
Some Crypto Traders Make Money Trading 24/7
There are some traders who are willing to trade 24/7, and they make money doing just that. The trick is that they aren’t actually trading all 24 hours. Some traders will actually do nothing but observe their trades over the course of 24 hours. They use this time to check out the trends and see if there are any changes that could affect their investments. Others may take an hour or two off during the day to eat lunch or take a break from trading.
The cryptocurrency market can be really unpredictable and volatile. That is why it requires a lot of research, market analysis and planning to make the best out of trading. The first thing that you should consider when deciding on the best time to trade cryptocurrencies is the type of trader you want to become.
There are two types of traders, one that buys coins at a low price and waits for their value to rise before selling them again, and another type who wants to make profits from short term trends in the market. If you are someone who wants to get into a long-term trading, then it is best for you to buy coins during bear markets. This is because this kind of market allows you to purchase coins at a significantly lower price than when the market is bullish.
However, if your goal is short-term trading, then it would be better if you invest during bull markets. During this time, cryptocurrency prices are high and they are likely to continue going up as more people buy them. However, bear markets can also be profitable for short-term traders because they can sell their coins when prices fall so they can avoid losing money on their investment.
The best time to invest in cryptocurrencies depends mainly on your goals as a trader. If you are someone who doesn’t
“This is not to be taken as financial advice”
The majority of cryptocurrency trading volume comes from Asia. As a result, the Asian trading session is where most of the action happens for cryptocurrencies. Due to the time difference, however, Asian markets are open at night in Europe and North America.
Asian Session (Tokyo)
The Asian trading session starts at 6:00pm EST during winter hours with Tokyo’s market hours being from 7:00pm to 4:00am EST. With so much activity happening in the Asian markets, this period is considered one of the best times to trade cryptocurrencies.
The cryptocurrency market is probably the most volatile market that there is which makes it an ideal place for day trading if one knows how to do it properly.
Cryptocurrencies are getting more and more mainstream, especially Bitcoin. However, most people still ask the question if you can really make money with cryptocurrencies. The short answer would be yes. The long answer is that it depends on a lot of factors.
First of all, we have to define what day trading is. Day trading can mean holding a position in any financial instrument for a very short time, usually no longer than a day but it can also be as short as a few minutes or seconds. So you are always “trading” even if you hold a position at the end of the day.
Second, we have to discuss volatility and liquidity. If a market is not liquid enough or just too volatile then day trading could be difficult in those markets. We will show you which currencies are best suited for day trading and why these are the ones that we recommend trading against Bitcoin (BTC).