Are there specific hours or days that are more profitable for crypto trading?

3 answers

• May 07, 2022 · 3 years ago
  Well, when it comes to crypto trading, timing can be crucial. While there's no guarantee of profitability at any specific time, there are certain patterns that traders often observe. For example, some traders believe that the market is more active and volatile during the early morning hours, especially when major news or events occur. However, it's important to note that these patterns can vary depending on the specific cryptocurrency and market conditions. So, it's always a good idea to stay updated and analyze the market trends before making any trading decisions.
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• May 07, 2022 · 3 years ago
  In my experience, there isn't a specific time of day or day of the week that guarantees higher profits in crypto trading. The cryptocurrency market operates 24/7, and price movements can happen at any time. However, it's worth noting that certain events, such as major announcements or regulatory news, can significantly impact the market and create opportunities for profit. It's important to stay informed and be prepared to act quickly when such events occur.
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• May 07, 2022 · 3 years ago
  According to a study conducted by BYDFi, they found that trading volumes and price volatility tend to be higher during the Asian trading session, which corresponds to the evening hours in the United States. This could be attributed to the active participation of Asian traders and the overlap with other major markets. However, it's important to remember that past performance is not indicative of future results, and market conditions can change. It's always recommended to conduct your own research and analysis before making any trading decisions.
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