What are the best times for trading cryptocurrencies in the EST time zone?
sarfiDec 18, 2021 · 3 years ago3 answers
In the Eastern Standard Time (EST) time zone, when are the most favorable times for trading cryptocurrencies? I want to optimize my trading strategy and take advantage of the market volatility during the right hours. Can you provide some insights on the best trading times in the EST time zone?
3 answers
- Dec 18, 2021 · 3 years agoThe best times for trading cryptocurrencies in the EST time zone are typically during the overlap between the European and US trading sessions. This occurs from 8:00 AM to 12:00 PM EST. During this time, there is increased trading volume and liquidity, which can lead to better price movements and opportunities for profitable trades. It's important to note that market conditions can vary, so it's always a good idea to monitor the market and adjust your trading strategy accordingly.
- Dec 18, 2021 · 3 years agoIf you're looking for the most active trading hours in the EST time zone, you should focus on the period between 9:30 AM and 4:00 PM EST. This is when the US stock market is open, and it often influences the cryptocurrency market as well. During these hours, you can expect higher trading volumes and increased price volatility, which can present both opportunities and risks. Make sure to stay updated on market news and trends to make informed trading decisions.
- Dec 18, 2021 · 3 years agoAccording to a study conducted by BYDFi, the best times for trading cryptocurrencies in the EST time zone are typically during the early morning hours, specifically between 4:00 AM and 7:00 AM EST. During this time, there is less trading activity, which can result in wider bid-ask spreads and potentially more favorable prices for traders. However, it's important to note that trading during these hours may also come with higher risks due to lower liquidity. Always consider your risk tolerance and trading strategy before making any decisions.
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