What is the best time to trade Bitcoin during the London session?
qiye LIMay 06, 2022 · 3 years ago3 answers
During the London session, when is the optimal time to trade Bitcoin for maximum profitability?
3 answers
- May 06, 2022 · 3 years agoThe best time to trade Bitcoin during the London session is typically between 8:00 AM and 4:00 PM GMT. This is when the market is most active and liquidity is high, which can result in better trading opportunities and tighter spreads. However, it's important to note that market conditions can vary, and it's essential to monitor price movements and news events that may impact Bitcoin's price during this session.
- May 06, 2022 · 3 years agoIf you're looking to trade Bitcoin during the London session, I'd recommend focusing on the hours between 9:00 AM and 11:00 AM GMT. This is when the session overlaps with the opening of the New York session, creating increased trading volume and potentially higher volatility. Keep in mind that Bitcoin's price can be influenced by various factors, so it's crucial to stay updated on market news and trends.
- May 06, 2022 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the optimal time to trade Bitcoin during the London session is typically between 10:00 AM and 2:00 PM GMT. This is when the market experiences the highest trading volume and volatility, providing ample opportunities for traders to profit. However, it's important to conduct your own research and analysis to determine the best trading strategy that aligns with your goals and risk tolerance.
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