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What is the best time to trade cryptocurrencies in the Japanese market?

avatarEvans - Snaveware TechnologiesDec 29, 2021 · 3 years ago3 answers

When is the most favorable time to trade cryptocurrencies in the Japanese market? I'm interested in knowing the specific time period during which trading activities are more active and the market is more volatile. Are there any specific hours or days of the week that are considered better for trading cryptocurrencies in Japan?

What is the best time to trade cryptocurrencies in the Japanese market?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    The best time to trade cryptocurrencies in the Japanese market is during the Asian trading session, which typically starts at around 7:00 AM UTC and ends at 4:00 PM UTC. During this time, there is usually higher trading volume and increased market volatility, which can present more opportunities for traders. It's important to note that market conditions can vary, so it's always a good idea to monitor the market and stay updated with the latest news and trends.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for the most active hours in the Japanese market, you might want to focus on the overlap between the Asian and European trading sessions. This occurs from around 7:00 AM UTC to 9:00 AM UTC. During this time, there tends to be increased trading activity as traders from both regions are active. However, it's important to keep in mind that market conditions can change, and it's always recommended to do your own research and analysis before making any trading decisions.
  • avatarDec 29, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the best time to trade cryptocurrencies in the Japanese market is during the early hours of the Asian trading session. This is when trading volume tends to be higher, and there is usually more price movement. However, it's important to consider your own trading strategy and risk tolerance before making any decisions. Remember to always do your own research and consult with a financial advisor if needed.