What are the best times for crypto trading in India?
pocketsinfullDec 18, 2021 · 3 years ago3 answers
When is the most favorable time to engage in cryptocurrency trading in India? I want to know the specific time periods or hours during which the market is most active and offers the best opportunities for trading.
3 answers
- Dec 18, 2021 · 3 years agoThe best times for crypto trading in India are usually during the overlap of trading hours between major cryptocurrency markets such as the US and Europe. This is when there is increased trading volume and liquidity, resulting in better price movements and opportunities for profit. It is also important to consider the time when major news and announcements related to cryptocurrencies are released, as they can significantly impact market volatility and create trading opportunities. Additionally, it is advisable to avoid trading during weekends and holidays when the market tends to be less active and more unpredictable.
- Dec 18, 2021 · 3 years agoCrypto trading in India can be profitable at any time, but there are certain periods that offer better opportunities. One such period is during the morning hours (9 AM to 12 PM) when the Indian market opens and overlaps with the Asian market. This is when trading activity and volume tend to be higher, resulting in better liquidity and price movements. Another favorable time is during the evening hours (5 PM to 8 PM) when the Indian market overlaps with the European market. During these hours, there is increased trading activity and volatility, providing potential opportunities for traders.
- Dec 18, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the best times for crypto trading in India are during the morning hours (9 AM to 12 PM) and the evening hours (5 PM to 8 PM). These time periods coincide with the opening and overlapping of major cryptocurrency markets, resulting in increased trading volume and liquidity. It is important to note that market conditions can vary, and it is recommended to stay updated with the latest market news and trends to make informed trading decisions.
Related Tags
Hot Questions
- 86
What is the future of blockchain technology?
- 69
What are the advantages of using cryptocurrency for online transactions?
- 58
How can I minimize my tax liability when dealing with cryptocurrencies?
- 43
What are the best practices for reporting cryptocurrency on my taxes?
- 41
How can I buy Bitcoin with a credit card?
- 39
Are there any special tax rules for crypto investors?
- 38
What are the tax implications of using cryptocurrency?
- 33
How can I protect my digital assets from hackers?