What are the best times to trade cryptocurrencies during the New York session in EST?
NEERAJ PANDEYDec 16, 2021 · 3 years ago3 answers
During the New York session in EST, what are the optimal times for trading cryptocurrencies?
3 answers
- Dec 16, 2021 · 3 years agoThe best times to trade cryptocurrencies during the New York session in EST are typically when there is high trading volume and liquidity. This usually occurs during the overlap between the New York and London sessions, which is from 8:00 AM to 12:00 PM EST. During this time, there is increased market activity and price volatility, providing more trading opportunities. It's important to note that individual cryptocurrency markets may have their own unique trading patterns, so it's always a good idea to research and analyze the specific market you are interested in trading.
- Dec 16, 2021 · 3 years agoIf you're looking for the best times to trade cryptocurrencies during the New York session in EST, it's generally recommended to avoid trading during the early morning and late afternoon hours. These periods tend to have lower trading volume and can result in decreased liquidity, which may lead to wider spreads and less favorable trading conditions. Instead, focus on the times when the New York and London sessions overlap, as this is when the market tends to be most active and dynamic.
- Dec 16, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the optimal times to trade cryptocurrencies during the New York session in EST are typically between 8:00 AM and 12:00 PM. During this period, there is a higher level of market participation and trading volume, which can result in increased price movements and trading opportunities. However, it's important to keep in mind that market conditions can vary, and it's always a good idea to stay updated with the latest news and market analysis to make informed trading decisions.
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