common-close-0
BYDFi
Trade wherever you are!

What are the best hours to trade cryptocurrencies in Taiwan?

avatarMukhamad Aziz FirmansyahDec 19, 2021 · 3 years ago6 answers

I am new to cryptocurrency trading and I want to know the best hours to trade cryptocurrencies in Taiwan. Can you provide me with some insights on when the market is most active and volatile in Taiwan?

What are the best hours to trade cryptocurrencies in Taiwan?

6 answers

  • avatarDec 19, 2021 · 3 years ago
    The best hours to trade cryptocurrencies in Taiwan are usually during the overlap of trading hours between Asia and Europe. This is when the market is most active and there is higher liquidity. Typically, this occurs from 8:00 AM to 12:00 PM Taiwan time. During this time, you can expect higher trading volumes and potentially more price movements.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to trading cryptocurrencies in Taiwan, it's important to consider the time zone differences. The market tends to be more active during the daytime in Taiwan, especially during the morning and early afternoon. However, it's worth noting that cryptocurrency markets are open 24/7, so there are always opportunities to trade at any time of the day.
  • avatarDec 19, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the best hours to trade cryptocurrencies in Taiwan are typically from 9:00 AM to 11:00 AM Taiwan time. During this time, there is usually higher trading volume and increased price volatility. However, it's important to conduct your own research and analysis to determine the best trading hours based on your trading strategy and the specific cryptocurrencies you are interested in.
  • avatarDec 19, 2021 · 3 years ago
    If you're looking for the best hours to trade cryptocurrencies in Taiwan, it's important to consider the global market trends and news. Major announcements or events can significantly impact the cryptocurrency market, leading to increased volatility and trading opportunities. Keeping an eye on the news and market sentiment can help you identify the best times to enter or exit trades.
  • avatarDec 19, 2021 · 3 years ago
    The best hours to trade cryptocurrencies in Taiwan may vary depending on the specific cryptocurrency you are interested in. Some cryptocurrencies may have higher trading volumes and price movements during certain hours of the day, while others may be more active during different times. It's important to research and analyze the trading patterns of the specific cryptocurrencies you are interested in to determine the best hours for trading.
  • avatarDec 19, 2021 · 3 years ago
    In general, it's recommended to avoid trading cryptocurrencies during late-night hours in Taiwan. The market tends to be less active and liquidity may be lower during this time, which can result in wider spreads and potentially higher transaction costs. It's best to trade during the hours when the market is most active and there is higher participation from traders around the world.