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What is the best time to trade cryptocurrencies on Friday?

avatarMessielDec 26, 2021 · 3 years ago3 answers

As a cryptocurrency trader, I want to know the optimal time to trade cryptocurrencies specifically on Fridays. Can you provide some insights on when is the best time to execute trades on Fridays?

What is the best time to trade cryptocurrencies on Friday?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The best time to trade cryptocurrencies on Fridays is during the overlap of the European and US trading sessions, which is typically between 12:00 PM and 4:00 PM UTC. During this time, there is higher trading volume and increased liquidity, which can result in better price execution for your trades. It's important to note that market conditions can vary, so it's always recommended to monitor the market and adjust your trading strategy accordingly.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more specific answer, based on historical data analysis, the best time to trade cryptocurrencies on Fridays is usually between 2:00 PM and 4:00 PM UTC. During this time, there tends to be higher volatility and price movements, providing potential opportunities for profitable trades. However, it's crucial to conduct your own research and analysis to make informed trading decisions.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, the best time to trade cryptocurrencies on Fridays is during the early morning hours, between 6:00 AM and 9:00 AM UTC. During this time, there is less market noise and increased price stability, allowing traders to execute trades with reduced risk. However, it's important to consider your own trading strategy and risk tolerance before making any trading decisions.