Best time to day trade? How to create a trading schedule in a 24/7 crypto market

[cryptopimping]

Does the cryptocurrency market mimic forex trading sessions? (In terms of participant in markets) ie. What are the best times to day trade crypto? Or how do I develop a schedule around a 24 hour market place?

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[mk4]

What are the best times to day trade crypto? It differs from person to person. Some prefers to trade more when exchanges are somewhat being flooded by buy and sell offers; some prefers to trade more when the listings are somewhat calm, probably late at night on a dominant timezone.

Or how do I develop a schedule around a 24 hour market place? Again, it differs from person to person. Just test things out and trade a couple of hours a day, and stick with a schedule you're more comfortable with.

[13abyknight]

What are the best times to day trade crypto?

The best times for carrying day trade is throughout the day. Have a head up analysing prices at periodic intervals and choose the right time to jump in and out with your money. There is no time particular time window here like forex trading, you just need to make it work.

how do I develop a schedule around a 24 hour market place?

Try understanding the market trends everyday by analysing prices based on time of the day and you'll be able to figure out the rises and dips throughout the day. Base your schedule on the time you think you'll be able to derive most profit.

[cryptopimping]

Thanks. Both replies were very helpful.

[phreakk]

Does the cryptocurrency market mimic forex trading sessions? (In terms of participant in markets) ie. What are the best times to day trade crypto? Or how do I develop a schedule around a 24 hour market place?

There is no best time of the day. The market moves all day, all night.

The volatility differs throughout the day, though I'm not entirely sure about the exact statistics on that one. The opportunity to make a ton of money, however, is present at all times of the day.

If you're really interested in using differences in trading volume, price volatility and other factors throughout the day, I recommend creating a spreadsheet and noting down differences in everything throughout the day.
Others might have conducted some research to that already though, so it might be worth it to google some information about it too.

[alani123]

Crypto markets work 24/7, it's harder to track patterns in a market that is unregulated and has no closing times. The correlation between cryptos and stock markets is neither positive nor negative, it is close to zero actually. Cryptos are not connected to real world events much, if at all. It's all speculation in a free market. Buying low to sell high is the only reliable pattern you should apply to your own trades.

[dothebeats]

Since I'm back in my home country to celebrate the festivities, I alligned my trading activities to that of the Japanese and Koreans. They are the high-volume traders that are perfectly lined on my time so I follow them. There are no strict patterns to be precise since the market can go crazy at any random time and note that unlike traditional exchanges, cryptoexchanges are online 24/7. Just make sure that your trading activities fall down within high volume traders to get much action (and potential profits) during your time.

[kimochidesh]

There is no particular time for trading in crypto-market. As crypto-market is accessible all over the world so trading is open 24*7. It might be possible that when you go to sleep and you might have lost/gain 30-40-50% before you wake up in the morning. Trading 24*7 is the most hectic thing about crypto-market. There is no set rules and regulation for trading here, No particular trading hours, No buyer/seller freeze, No verification before an ICO launch/registration.

[TERA2]

The big moves can happen at any time. You have to be willing to stay up for them. You cant give up hundreds of percents of profits in the name of a schedule. Thats the price of being here. I had non 24 sleep disorder BEFORE crypto so I'm fine.

[adaseb]

Does the cryptocurrency market mimic forex trading sessions? (In terms of participant in markets) ie. What are the best times to day trade crypto? Or how do I develop a schedule around a 24 hour market place?

You might not realize this but the best time to trade forex is not when its most liquid.

They did a trading summary analysis of retail investors and it seems that the ones who traded during the London-NY most liquid hours, made less money.

Bitcoin is completely different since the exchanges are open 24h/7 days a week (except the futures)  so you should just trade whenever there is action.

Probably not a good idea to trade on New Years Eve and New Years Day however since most traders are taking the day off.

[Leopardon29]

Highly depends on price action and historical data on that specific coin. Since thr crypto market never closes, individual study is really needed here.

[omonuyak]

Does the cryptocurrency market mimic forex trading sessions? (In terms of participant in markets) ie. What are the best times to day trade crypto? Or how do I develop a schedule around a 24 hour market place?

If anybody tell you that this is the way to day trade before making profits it means you will lose. trading including day trading is a game of skills and you have to build the strategy yourself before knowing time to day trade or long-term investment. I have trade forex for quite some time and my advise is that you should not going to trade without good skills on trade.

[Low Sigma]

I'm agnostic of time. When the exploit appears, I execute.

[Pursuer]

I have tried in the past to figure out of there is any specific time when the market is most active or the time when most pumps take place. to this day I could not come up with a proper answer. there are too many exceptions that makes it impossible to say what time of day there are more traders and the pumps are most active.
I think there are two forces in the market, one over in Chinese region and that time line and another in US and that timeline. most of the pumps occur during their peak of trading so they nearly cover the whole 24 hours of the day.

[nominee]

Does the cryptocurrency market mimic forex trading sessions? (In terms of participant in markets) ie. What are the best times to day trade crypto? Or how do I develop a schedule around a 24 hour market place?

There are some patterns on the market. If the token of interest is Korea, Japan or China based, the trade volume increases in their working hours, so you may need to stay awake at that time intervals each day.

[Koadharber]

Does the cryptocurrency market mimic forex trading sessions?
When it comes on on trading system they are really the same but regarding on the things that do make them move then its entirely different.

 (In terms of participant in markets) ie. What are the best times to day trade crypto?
Trading crypto doesnt have an specific time which we can make it as a best trading times.

 Or how do I develop a schedule around a 24 hour market place?
Trading crypto is indeed 24 hours unlike on forex which is on 5/7.