goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
|
|
November 06, 2020, 10:43:38 PM |
|
Even though crypto-market is open 24/7 I've noticed that trading at certain hours (depending on time zone) is more active with more volatility. Sometimes it's right after US stock market opens, sometimes it's on weekends. What do you think the reasons?
In the stock market, there are considered busy hours, and trading activity is more active. In crypto, there is no accurate timeframe when the trading hours are active. That's how volatile crypto is, actions can happen anytime, 24/7, any day at any given timeframe.
|
|
|
|
Johnyz
|
|
November 06, 2020, 11:06:30 PM |
|
Our timeline is different and I’m not that too focus on time because my focus is on the price movement regardless of the timeframe and of course, you also need to take some rest so don’t stress yourself studying how volatile the market is, you cannot monitor that seriously. Traders are more active if they see opportunity on a specific project, that’s where the battle of traders begin.
|
|
|
|
xSkylarx
|
|
November 07, 2020, 06:50:11 AM |
|
From what I've experienced it's good to trade when US market is open. I live in asia and the pump often happens in the night where it's morning in the US. I think the reason for that is US is a progressive country and many people there know bitcoin and cryptos very well. Their country also are capable to affect the trend of bitcoin.
|
|
|
|
mersal
Member
Offline
Activity: 1204
Merit: 38
|
|
November 07, 2020, 07:01:11 AM |
|
There is no best hours to trade cryptocurrencies in a day, all day you need to be awake if you want to buy/sell at the perfect time.But have to mention that trading volume and transactions counts are considerably less over the weekend compared to weekdays so you can consider not many people were actively trading on weekends but it is not going to help in any way for individuals.
|
|
|
|
CryptopreneurBrainboss
Legendary
Offline
Activity: 2478
Merit: 4346
eXch.cx - Automatic crypto Swap Exchange.
|
|
November 07, 2020, 07:45:13 AM |
|
Cryptomarket is different to Forex so I don’t think its correlated but maybe in some places, many traders are active in cryptomarket and since we have a different time zone, we feel like the volatility is more active when the sun rise to US and European countries but for me its the same. Tradings hours are 24/7 and many things can happen, and volatility is always high in this market.
We know it isn't correlated but that doesn't mean what the OP highlighted isn't true although he/she most have used probably not the best example to emphasis his point still the high volatility can be felt in certain hours as a result of different time zone. I remember back in the 2017 when I open my trades in the early hours of the morning around 1-2 AM in the morning as that's when the Asia money was coming into the market. Although unlike the forex market, that iyf the cryptocurrencies is open 24 hours 7 days a week but it's certain there are some days the market is known to be more active like days the weekly candles opens while days the weekly candles close is less active as trading wait to see what the next week will be like before they open their order either to long or short the market.
|
|
|
|
Dorodha
Member
Offline
Activity: 252
Merit: 11
|
|
November 07, 2020, 09:10:41 AM |
|
Trading hours is not possible to determine the exact time of the business you have to be active in the market and analyze each of trading hours sites to determine the volatility of the market. Trading hours will usually depend on the trader trading markets are always open and trading is not possible to learn and master anything in one day. we have to try to understand its sections gradually. The exact time cannot be understood if one does not have to be very careful in buying and selling coins this can take up to a week or months during business hours.
|
|
|
|
traderethereum
|
|
November 07, 2020, 09:51:01 AM |
|
Maybe the reason is that crypto trading waiting for what happens in the US stock market opens, so after it's open, the crypto market will move aggressive, whether it's up or down. If you already found that there are more active markets after the US stock market opens, you can use that as your advantage to find a good time to buy and sell, so you can expect to make a profit from that. But in crypto trading, we can trade anytime we want and don't need to wait for other markets, and if you think that the crypto market now is in good movements, you can enter the market to trade. We can not always follow the US stock market because we have a different time to that market, so we need to adjust to find our best time to trade. Sometimes we will get morning, daylight, or even in the night to be the best time to trade because that will depend on how do you want to trade, and not because of the other reason.
|
|
|
|
BuNga_cute
|
|
November 07, 2020, 09:52:41 AM |
|
I also agree that the crypto market on weekends is much more active than usual, so crypto prices are more volatile on weekends. This is a good opportunity for trading, maybe on weekends many people who usually work so have spare time to spend on trading. So I often trade on weekends, but if you want to trade on weekdays it can be done, because the crypto market is open 24/7.
|
|
|
|
death69
|
|
November 07, 2020, 10:27:17 AM |
|
Never care of that issue. But I think the US has some power over the crypto market. Although the centralized economy and the decentralized market are not connected, they somehow interact with each other.
Personally, I prefer to watch the volume than trading hour. The high volatile can give you a massive liquidity, but its not always good in this market. Being disciplined and sagacious are more important.
|
|
|
|
Distinctin
|
|
November 07, 2020, 12:46:53 PM |
|
Maybe it varies from our different time zone. I've noticed also that the market is so active during the late evening in our place which makes me sometimes adopt the timezone and wake up just to trade. I often go along with the volatility because that is a big impact when you are actively trading and how you make a profit from it.
Maybe normal traders don't feel it but if you are very active in trading and spend a lot of time on computers they can certainly feel the changes and they are going to make adjustments.
|
|
|
|
samcrypto
Sr. Member
Offline
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
|
|
November 07, 2020, 01:05:18 PM |
|
Even though crypto-market is open 24/7 I've noticed that trading at certain hours (depending on time zone) is more active with more volatility. Sometimes it's right after US stock market opens, sometimes it's on weekends. What do you think the reasons?
Maybe because many traders are from those country and they believe on cryptocurrency that much compare to other countries especially on my country. Let's admit that US and European countries are more supportive compare to other nation and they are more knowledgeable about trading and that is why cryptomarket are more volatile on that period. I do watch the market during my free time and I also notice this one especially when you are analyzing the market.
|
|
|
|
stomachgrowls
|
|
November 07, 2020, 01:19:05 PM |
|
When i do still trade in forex then there is really a specific time on where you do make some intra-trade. https://www.investopedia.com/articles/forex/08/forex-trading-schedule-trading-times.asp#:~:text=Key%20Takeaways-,The%20forex%20market%20runs%20on%20the%20normal%20business%20hours%20of,is%20best%20for%20trading%20opportunities. https://www.babypips.com/learn/forex/session-overlapsI heavily agree on what had mentioned: The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.
Question is, does it really apply in cryptoccurency market? The answer is no.. This isnt something centralized like those markets mentioned above. There no market which do opens and closes and there are no windows between which country would open up their market and it do closes. Cryptocurrency market is open 24/7 so its up to someone on when he would decide to trade but there are circumstances which it is the best spot or situation to get in specially when the price is trying to peak out? Tending to sell or tending to buyback? those are next possible steps that you would think of.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Fredomago
Legendary
Offline
Activity: 3192
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
|
|
November 07, 2020, 02:49:04 PM |
|
Maybe it varies from our different time zone. I've noticed also that the market is so active during the late evening in our place which makes me sometimes adopt the timezone and wake up just to trade. I often go along with the volatility because that is a big impact when you are actively trading and how you make a profit from it.
Maybe normal traders don't feel it but if you are very active in trading and spend a lot of time on computers they can certainly feel the changes and they are going to make adjustments.
For me, it's also best to work while volatilities are more active, knowing that the chance your position will be hit is very possible. You have to manage this well and use it as a good advantage whenever you do your trading business. Taking note every experienced and observation that you noticed will simply guide you on how to work with your trading activities, there are many patterns better to build or create one when the trade are very active and there are lots of traders who are playing along with you. If they are really paying attention and they are treating it as advantage, they will adjust and try to work things out to their favor.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
lixer
|
|
November 07, 2020, 02:53:50 PM |
|
Even though crypto-market is open 24/7 I've noticed that trading at certain hours (depending on time zone) is more active with more volatility. Sometimes it's right after US stock market opens, sometimes it's on weekends. What do you think the reasons?
Trading hours ?? I thought that there was nothing like trading hours in cryptocurrency? Nah, I don’t know for you, but there is nothing like such, unless you have been trading the stock market and confusing it for cryptocurrency market. For the stock market, the market starts 9 AM and ends 4 PM. There is what is called pre-market trade hours and after trade. It’s only in these stock markets that they say all these things. Cryptocurrency is something else on its own, it is completely different and there is nothing like a time limit, you can trade at anytime and the market can fluctuate and move to any direction at any time.
|
|
|
|
TitanGEL
|
|
November 07, 2020, 03:29:37 PM |
|
Maybe it varies from our different time zone. I've noticed also that the market is so active during the late evening in our place which makes me sometimes adopt the timezone and wake up just to trade. I often go along with the volatility because that is a big impact when you are actively trading and how you make a profit from it.
Maybe normal traders don't feel it but if you are very active in trading and spend a lot of time on computers they can certainly feel the changes and they are going to make adjustments.
For me, it's also best to work while volatilities are more active, knowing that the chance your position will be hit is very possible. You have to manage this well and use it as a good advantage whenever you do your trading business. Taking note every experienced and observation that you noticed will simply guide you on how to work with your trading activities, there are many patterns better to build or create one when the trade are very active and there are lots of traders who are playing along with you. If they are really paying attention and they are treating it as advantage, they will adjust and try to work things out to their favor. In my own observation, the volatility happens when the stock market is closed because for me it is the time where other traders are switching into cryptocurrency market. I'm both stock trader and cryptocurrency trader, I trade the stocks because of the market hours which gives me more time in cryptocurrency trading. The cryptocurrency market is open 24 /7 but in our local market is only open 4 hrs every weekdays. In my country the pre open is at 9:00 am - 9:30 am and the market hours or the trading session is 9:30 -12:45 then 12:45 - 12:50 is pre close then 12:50 -1:00 is the trading at last. When I trade cryptocurrencies, I make sure that I'm monitoring the market because of the volatility, if I'm away with my desktop or monitor; it is the time where I will set automatic cut loss.
|
|
|
|
Oceat
|
|
November 07, 2020, 03:53:02 PM |
|
Isn't it tiring to watch the whole thing until you see how the market moves? Cause for me, I just randomly watch what is the current price especially these days when Bitcoin is surging too much and that makes the volatility less stable. I quite hodl for a few days waiting for the right time to sell if there's a chance. Although watching the market move is kind of helpful if you know exactly when it will gonna move but that's just work sometimes in crypto market.
|
3996
|
|
|
ice098
|
|
November 07, 2020, 04:11:21 PM |
|
Mostly I trade between 2am until 6am at GMT +8 I don't know why but it always happen for me that during these hrs there will be a big change in the price of my token, so I will sleep early and then wakeup at 2am. I will closely watch the chart for any changes so that I can't missed anything in my watch. After that I will convert it into xrp because for lesser fee and faster transfer to my wallet then I'll sleep. I don't know if I am only the one who are doing this.
|
|
|
|
Tingtong
Jr. Member
Offline
Activity: 490
Merit: 1
https://www.xsl-labs.io
|
|
November 07, 2020, 04:14:21 PM |
|
Even though crypto-market is open 24/7 I've noticed that trading at certain hours (depending on time zone) is more active with more volatility. Sometimes it's right after US stock market opens, sometimes it's on weekends. What do you think the reasons?
If you active 24/7 i hope you can make huge profits in crypto trade. But i think you don't need all time active. Have many apps that give you signal for price so you use it for coin price update
|
XSL Labs ◉ SECURITY OF PERSONAL DATA ◉ ▬▬▬▬▬▬ https://www.xsl-labs.io ▬▬▬▬▬▬
|
|
|
proTECH77
Member
Offline
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
|
|
November 07, 2020, 04:34:59 PM |
|
Since covid-19 came to collapsed the world economy, many trader find it difficult to understand the hour to trade in the country. Before, market use to change during the weekend to favour traders who trade during that period. Since all the trader started to they experience pandemic which changed the hour of trade in the market and make it hard for the trader to understand the hours of trading not to run loss from their trade in the market. Many traders have carry out research to see the right hour to trade in the market to make a good profit. According to some trader the best hour to trade is first day of the week where many traders will still put hope on weekend for them to trade their coins to make income not know covid-19 has change the hour from weekend to new week.
|
|
|
|
Kupid002
|
|
November 07, 2020, 06:03:40 PM |
|
Even though crypto-market is open 24/7 I've noticed that trading at certain hours (depending on time zone) is more active with more volatility. Sometimes it's right after US stock market opens, sometimes it's on weekends. What do you think the reasons?
I noticed this one before weekend there are big movement in the market. But it's not always happening but mostly it is, maybe the reason is because it is also the same time when forexx market will close. But do not base only on that since it will not always work if you will trade base on time . don't forget there are many big news that can also affect price of crypto currency every time they release it eighter it will help the price up or vice versa. When that things happen what ever time it is it will affect the price depend on how big the news it is.
|
|
|
|
|