What is the best time to trade cryptocurrency in the EST timezone?
Jorge Cascajo GarcinuñoDec 25, 2021 · 3 years ago3 answers
When is the most favorable time to engage in cryptocurrency trading in the Eastern Standard Time (EST) timezone? I want to know the specific hours during which trading activities are more likely to yield better results.
3 answers
- Dec 25, 2021 · 3 years agoThe best time to trade cryptocurrency in the EST timezone is generally during the overlap of the New York and London trading sessions, which occurs from 8:00 AM to 12:00 PM EST. During this period, there is increased market activity and liquidity, which can lead to better trading opportunities. However, it's important to note that cryptocurrency markets are open 24/7, so there are always opportunities to trade at any time. It ultimately depends on your trading strategy and the specific cryptocurrencies you are interested in.
- Dec 25, 2021 · 3 years agoIf you're a night owl, you might find that trading cryptocurrency during the late-night hours in the EST timezone can be advantageous. The market tends to be less volatile during this time, which can make it easier to spot trends and make informed trading decisions. However, keep in mind that trading during off-peak hours may also result in lower liquidity and wider spreads, so it's important to consider the potential risks and adjust your strategy accordingly.
- Dec 25, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the best time to trade cryptocurrency in the EST timezone is during the early morning hours, specifically between 4:00 AM and 6:00 AM EST. During this time, there is often increased volatility and trading volume, which can present profitable opportunities for traders. However, it's important to conduct your own research and analysis to determine the best trading times based on your individual goals and risk tolerance.
Related Tags
Hot Questions
- 98
What are the tax implications of using cryptocurrency?
- 86
How can I minimize my tax liability when dealing with cryptocurrencies?
- 85
How does cryptocurrency affect my tax return?
- 73
How can I protect my digital assets from hackers?
- 70
What are the best digital currencies to invest in right now?
- 60
How can I buy Bitcoin with a credit card?
- 46
Are there any special tax rules for crypto investors?
- 45
What are the advantages of using cryptocurrency for online transactions?