Apr 14, · While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons: Crypto trading is more volatile than stock trading. Bitcoin is traded 24 hours per day 7 days a week. Bitcoin allows for big trades /5(48). The potential gains are very limited during the quietest hours, when only one market is open at a time. Experts advise to stay away from trading during the sunday night sessions and friday afternoons. These are extremely quiet trading times and can cause price spreads to widen. Feb 09, · The best times for trading cryptocurrencies for those that hate surprises Very busy but not that risky. A significant amount of crypto trading takes place in South Kore, and so does a lot of Medium sized action when the focus is elsewhere. Forex .
Bitcoin best time to tradeWhat is the Best Time of Day to Buy Bitcoin? | Crypto Coin Society
Serious crypto adopters do not care about short term profits, and anyone eager to buy BTC also should not. Bitcoin is a revolutionary form of sound money, not a get-rich-quick scheme. The best thing you can do is to adopt three incredibly simple principles before buying any coins: educate yourself, buy the dips, and never sell. Do not frantically chase quick profits or parabolic price patterns. Nowadays, there are multiple resources available on the Internet including our website that can help you gain all the necessary knowledge.
Yes, it may take time. But this is the only right way to start crypto trading. Playing the price to find an ideal entry point burns more people than it benefits. And we, therefore, offer no opinions on when to buy it. Part of this philosophy also requires anyone buying BTC to only spend as much money as they are entirely comfortable losing completely. Some crypto investors only nominally accept this idea.
We recommend serious consideration. Why not sell and take profits? Because Bitcoin is a commodity in the process of monetizing. Trading Indicators are another great tool that can help to find entry and exit points.
We have several tools that investors and traders can use from the Fibonacci indicator, pivot points, and various other arithmetical indicators. Generally speaking, it is easier to know when to buy than to sell.
Every investor must have a clear exit point. You will have to use that exit point to determine when to close a trade to gain and also know when your investment has gone wrong. The challenging part is how to determine these levels for every trade. At the beginning of every trade, you ought to know your targets regardless of the direction.
The simple rule is not to be greedy. The school of thought in crypto trading and investment is to only buy as much as you can afford to lose entirely. That should be your number one consideration before investing in any crypto asset. Notwithstanding, holding Bitcoin for the long term is the best strategy because bitcoin is an asset; it is better to accumulate bitcoin and hold long term than to amass fiat profits that will end up valueless.
From all the theories on when is the best time of the day to buy Bitcoin, we can see that there is no such thing as a perfect market in the real world. Manipulation, human behavior, and the news can affect the price of bitcoin. Unlike other financial assets like stocks, mutual funds, and fiat, bitcoin is highly volatile, much more than the conventional investment. You can make quick money in a day and lose everything the next day.
I will encourage you to research deeply before buying bitcoin and make sure you invest what you can afford to lose. In the end, we hope that you can make decisions based on what is the best time of day to buy Bitcoin. Rebecca is a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this technology in the simplest language possible.
Is Kraken Safe? Is Bitstamp Safe? Share on facebook Share on Facebook. Share on twitter Share on Twitter. With last week's price move we updated this article to make sure you take advantage of this price action. There are tons of cryptocurrency trading strategies that promise to make you rich. That is the reason why we have put together the best Bitcoin trading strategy PDF. We also have a complete strategy article with a list of all of the best trading strategies we have created. The truth is that bitcoin is the hottest trading market right now.
It is hotter than stock trading, oil trading , gold trading and any other market at this point. The reason people believe this is going to continue to be a hot market is because of blockchain technology. This is what allows transactions to happen without a central exchange.
Here is another strategy on how to draw trend lines with fractals. Trading bitcoin for profit is actually a universal cryptocurrency trading strategy. It can be used to trade any of the plus cryptocurrencies available to trade as of today. The first thing you need to get started trading bitcoin is to open a bitcoin wallet.
If you do not have a bitcoin wallet then you can open one at the biggest wallet called Coinbase. Bitcoin traders are actively seeking the best possible solutions for trading and investing in bitcoin. We have some of the best methods explained right here in this article. We have learned this bitcoin wisdom by trial and error and we are going to show you what is working right now.
The methods we teach are not dependent on the price of bitcoin. They can be used whether bitcoin is going up or going down. Keep in mind that it is possible to lose money. Your capital is at risk while trading cryptocurrency because it is still trading at the end of the day. We always recommend that you demo trade before risking any live money. Also, read the trading volume guide. These bitcoin strategies can also be used for trading bitcoin cash as well as other cryptocurrencies.
In fact, you can use this as a trade guide for any type of trading instrument. Blockchain technology is a big step forward for how to access information. Many companies are starting to develop applications to use Blockchain in their favor. Remember that when trading digital currency, it may seem like it's not a real currency.
But it actually is real. This is not some Ponzi scheme. You must do your technical analysis just as if you were going to day trade any other instruments.
You can also read our best Gann Fan trading strategy. One of the reasons why Bitcoin is so popular among day traders is that there are many different Bitcoin exchanges available.
Finding the best Bitcoin exchange will depend on many different factors. These include your home country, the preferred method of payment, fees, limits, liquidity needs, and other factors. Here are some of the top cryptocurrency exchanges in the market:.
A cryptocurrency is really no different than the money you have in your wallet. They have no intrinsic value. And cryptocurrency is just bits of data while real money is just pieces of paper. Unlike fiat money, Bitcoins and other cryptocurrencies have no central bank that controls them. This means that cryptocurrencies can be sent directly from user to user without any credit cards or banks acting as the intermediary.
When you print lots of money, inflation goes up which makes the currency value going down. There is a limited amount of Bitcoins. This holds true for the majority of the other cryptocurrencies. We will use our best Bitcoin trading strategy. We also have training for the best short-term trading strategy. While long term traders prefer to hold their bitcoin positions for extended periods of time, day traders have discovered that Bitcoin is lucrative for many reasons:.
Because Bitcoin is more volatile than other tradeable assets, there will be a high number of profitable trading opportunities occurring each day. Like ordinary currencies, using technical indicators will make it easier to tell when price increases are likely to occur. Volume, relative strength, oscillators, and moving averages can all be applied to Bitcoin day trading. It is important to pay attention to technical indicators and developing trends. In this next step, we will talk about OBV trading and how to get started buying and selling cryptocurrencies.
This is a cryptocurrency trading strategy that can be used to trade all the important cryptocurrencies. Before we move forward, we must define the mysterious technical indicator. You'll need this for the best Bitcoin trading strategy and how to use it:. It is used to basically analyze the total money flow in and out of an instrument. The OVB uses a combination of volume and price activity.
This tells you the total amount of money going in and out of the market. How to read the information from the OBV indicator is quite simple. Here you can learn how to profit from trading. In theory, if Bitcoin is trading up and at the same time the OBV was trading down, this is an indication that people are selling into this rally. The same is true in reverse if Bitcoin was trading down and at the same time the OBV was trading up. What we really want to see is the OBV moving in the same direction as the Bitcoin price.