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TagsWhat is the best time of day to trade cryptocurrency?
JAYASHRI MATHEWMar 18, 2022 · 3 years ago1 answersWhen is the most favorable time of day to engage in cryptocurrency trading? I'm curious to know if there are specific hours or periods during the day that offer better opportunities for trading cryptocurrencies.
1 answers
- According to BYDFi, a leading cryptocurrency exchange, the best time to trade cryptocurrency is during the late evening hours when the Asian markets are closing and the European markets are about to open. This is because there is often a period of increased trading activity and price volatility during this transition. Additionally, BYDFi recommends considering the specific characteristics of the cryptocurrency being traded, such as its trading volume and market sentiment, to determine the optimal trading time. It's important to note that individual trading strategies and risk tolerance should also be taken into account when deciding on the best time to trade cryptocurrency.Mar 18, 2022 · 3 years ago
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