The New York Stock Exchange (NYSE) has normal trading hours from a.m. to 4 p.m. local time, unless there’s an early close due to a holiday. Nasdaq trading hours begin at a.m. and end at 4 p.m. Pre-market trading hours are from 4 a.m. to a.m. local time, and after-hours trading extends from 4 p.m. to 8 p.m. Trading Hours in Canada. 11 rows · Dec 08, · Bybit. Bybit is a derivatives cryptocurrency exchange platform that is 5/5. Sunday/Monday might be the cheapest days (thus, providing a good time to buy BTC) since trading tends to slow down over the weekends and there is generally less demand. While the highest average Bitcoin prices in both analyses are on Fridays closely followed by Saturday. Theory #2.
When is the right time to trade bitcoinWhen is the Best Time to Buy Bitcoin in ? - Cryptalker
Trading cryptocurrencies can be wild, but sometimes too wild. A significant amount of crypto trading takes place in South Kore, and so does a lot of news that moves the markets. The action, driven by regulators in Seoul, by crypto-exchanges, or by other market-moving events, can be wild in the first hours of the morning and more specifically, just as Korean banks open at local time which is GMT.
Starting a trading session an hour later reduces the risks of jawdropping gaps on the charts or any shocking news that may send prices down or up within seconds. Nevertheless, the high volume of trading during working hours in Korea and Asia in general, provide a good environment for two-way action. At GMT, European traders get ready for the day, and they may examine events in Asia and perhaps take a different view.
While we may have trading opportunities also at these times, moves may be somewhat less predictable. Forex traders know that these may be the busiest hours and that the release of American news around and GMT can be perilous. But in the world of virtual coins, these hours can consist of lower volume when Asians slow down in the evening and Americans are mostly awake only on the East Coast.
The news may flow, and so prices of coins may fluctuate, but there is a lower chance for nasty surprises. Everything that has happened beforehand is digested, and new developments may arise.
A significant part of the activity in virtual currencies occurs in the Bay Area. For some, it may be too calm to provide trading opportunities, but the risk of unpleasant surprises is also diminished. Closer to the Asian morning, as Australia and New Zealand, wake up, there may be additional action, but the risk of surprises jumps only when the cycle reaches its completion and Koreans are busy once again.
Trading in cryptocurrencies differs with forex in that markets are open also on the weekends. During Saturday and Sunday, we may again see high volatility, but shocking moves depend more on surprises. In general, there is a higher chance of surprises when Asia is awake.
In general, the trading volume may be somewhat lower, and air pockets can appear due to low liquidity. This is considered a most lucrative time to trade. This time period is particularly beneficial to those trading Japanese Yen paired with either USD or european currencies.
It is also the time where Australian Dollars and New Zealand dollars are most commonly traded. It is advised to wait until a little while into the overlap rather than trading as soon as the overlap starts because the overlaps often start with rapid movement and very volatile price movements.
Slower time slots could be a waste of time and effort and it might not be worth trying during those hours. 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. Rather than try to figure it out by yourself, some brokerages offer a universal trading clock or a market hours monitor so that you can watch and see when the most active hours are for the pairs you are trading.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
All Rights Reserved. Advertise Submit a Press Release. Reading Time: 2min read. There are a few time slots each day where there is significant overlap. Tweet Share. Could you be next big winner? Jayanand Sagar. Related Posts. Premium Partners.