When do cryptocurrency traders usually start their trading day?

5 answers

• Dec 28, 2021 · 3 years ago
  As a cryptocurrency trader, the start time for my trading day usually depends on the market I am trading in. For example, if I am primarily trading Bitcoin, I tend to start my day around 8:00 AM UTC, as this is when the market is most active and volatile. However, it's important to note that different traders have different preferences and strategies, so the start time can vary. Some traders may start earlier to catch the opening of Asian markets, while others may start later to focus on European or American markets.
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• Dec 28, 2021 · 3 years ago
  Well, it really depends on the individual trader and their trading style. Some traders like to start their day bright and early, around 6:00 AM, to catch any early market movements and news releases. Others prefer to take a more relaxed approach and start around 9:00 AM. The important thing is to find a time that works best for you and aligns with your trading strategy.
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• Dec 28, 2021 · 3 years ago
  According to a study conducted by BYDFi, a popular cryptocurrency exchange, the majority of cryptocurrency traders start their trading day between 8:00 AM and 10:00 AM UTC. This is when the market tends to be most active and offers the highest trading volume. However, it's worth noting that there are also traders who prefer to start earlier or later, depending on their personal preferences and trading strategies.
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• Dec 28, 2021 · 3 years ago
  In my experience, cryptocurrency traders usually start their trading day around 9:30 AM UTC. This is when the market has settled down a bit after the initial volatility at the opening. Starting at this time allows traders to analyze the market conditions and make informed trading decisions. However, it's important to remember that the cryptocurrency market operates 24/7, so traders can start at any time that suits them.
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• Dec 28, 2021 · 3 years ago
  As a seasoned cryptocurrency trader, I've found that the best time to start my trading day is around 10:00 AM UTC. By this time, the market has usually stabilized after the initial rush of activity in the morning. Starting a bit later also gives me time to catch up on news and market analysis before diving into trading. However, it's important to adapt to market conditions and be flexible with your trading schedule.
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