Bitcoin Forum

Curious about peoples thoughts on important times throughout the day ?

IE IT's always important to remember that EU Markets open at this time, Dow Jones closes at this time, etc

I appreciate any thoughts

I've thought it more interesting to see when times overlap. For example, most stock markets are open between 13:00 and 17:00 UTC (1pm and 5pm) so if I'm avoiding volatility, I'll try and close trades in stocks and forex by then and not open new ones just in case (if I think there's a good chance they'll be volatile without good predictability like a volume pickup).

This is probably the time most traders are looking at the charts too and placing their trades.

Your broker should indicate when stuff opens and when stuff closes, I think a lot of large capital moving into trades (cfd or physicals) are probably not ones who change their mind about something or do things differently because another market is closed (eg liquidity and slippage will still likely be the same).

Thank you for those thoughts.

I am going to reveal how noobish I am here but if youll allow me to retort-

(Attempts to paraphrase in my own words:)

You want to trade while the other folks are looking at their charts because things are more predictable. Which is (for sake of the theory or point) when the most markets are simultaneously open.
You want to have safe, predictable waves to trade in-- like a fish going with the flow of the ocean.
Is this correct or at least somewhat?

I don't think it's as clear-cut in crypto market as it is in the stock markets but yes, there are certain peak hours during the day when the prices are so volatile if you trade very often. You will see some pattern

Yes some strategies are good for a lot of volatility/traders like trading based on the RSI or on some simple technical analysis.

Some strategies don't do well with a really high change in volume and volatility though too. If a news article mentioning bitcoin gets published at 3pm by an international news agency, for example, you can expect a lot more movement and people in crypto will follow much more niche sources (like certain twitter accounts or alternative media outlets that aren't mainstream - I don't follow either so it's safer to just close a position and wait sometimes).

If you're trying to work this out for yourself you can pick it up by looking at charts.

High volatility and high volume is a golden opportunity. High volatility and low volume is really bad (Sundays are like this in both crypto and forex - most btc crashes are on a Sunday).

right, in the stock market there are hours of asia, europe and america. usually when these hours are high volatile, as people trade. But I don't see that in cryptocurrency, where the price can fluctuate very quickly at any time. therefore we must be more careful when trading in the crypto market

It is not timestamps but rather the times when some decisions may be made that may affect the price.
The more you can access these news correctly and quickly, the greater your ability to make more profits.
For example, keeping track of the times when musk tweets may be good to get some gains from Dogecoin.
Therefore, the theory is not related to times, but rather to time before some decisions.

Well this becomes even complex when you shift the timeline to asia/pacific and break the day and night barrier. I mean when market is trading in the India, NSE and BSE opens and closes based on the previous days world news! This always helps us give some heads up for the market prediction.

I mean not entirely perfect but you get little idea what can happen next day. Since asian country like India is over-powered by the US and European countries so the effect is seen from them to us.

Well, companies like 63 moons and ticker are the biggest one in India to control the data transfer on the live feed even when the world's clock are different.