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What are the best times to trade cryptocurrencies during the London trading hours?

avatarSlayyy errDec 26, 2021 · 3 years ago3 answers

During the London trading hours, when are the most favorable times to trade cryptocurrencies?

What are the best times to trade cryptocurrencies during the London trading hours?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The best times to trade cryptocurrencies during the London trading hours are typically when there is high liquidity and trading volume. This usually occurs during the overlap of the London and New York trading sessions, which is from 8:00 AM to 12:00 PM EST. During this time, there is increased market activity and price volatility, providing more opportunities for traders to profit. It's important to note that individual cryptocurrency markets may have their own peak trading hours, so it's advisable to research and monitor specific coins or tokens for optimal trading times.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for the best times to trade cryptocurrencies during the London trading hours, it's generally recommended to avoid the early morning and late afternoon periods. These times tend to have lower trading volumes and less price movement, making it more difficult to execute trades and find favorable entry or exit points. Instead, focus on the mid-morning to early afternoon period, when trading activity tends to be higher and market trends are more pronounced. Remember to consider factors such as news releases and economic events that may impact cryptocurrency prices during these hours.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, the best times to trade cryptocurrencies during the London trading hours are between 9:00 AM and 11:00 AM GMT. During this time, there is typically higher liquidity and increased trading activity, which can result in better price execution and more opportunities for profitable trades. It's important to stay updated with market news and trends to identify potential trading opportunities during these hours. Additionally, consider using technical analysis tools and indicators to help inform your trading decisions.