What are the best times to trade OTC in the cryptocurrency market?
Bill LeeDec 17, 2021 · 3 years ago3 answers
Can you provide some insights on the most favorable time periods for OTC trading in the cryptocurrency market? I'm interested in knowing when there is high liquidity and less price volatility.
3 answers
- Dec 17, 2021 · 3 years agoThe best times to trade OTC in the cryptocurrency market are typically during the overlap of major trading sessions, such as when the Asian and European markets are open. During these times, there tends to be higher liquidity and more market participants, which can lead to better pricing and execution. It's also important to consider any major news events or economic releases that may impact the market. Overall, it's recommended to trade during periods of high activity and avoid times when the market is relatively quiet.
- Dec 17, 2021 · 3 years agoWhen it comes to OTC trading in the cryptocurrency market, the best times can vary depending on the specific cryptocurrency and market conditions. However, in general, it's often advantageous to trade during the weekdays when the market is more active and there is increased liquidity. Additionally, it can be beneficial to avoid trading during weekends and holidays when trading volumes tend to be lower. By monitoring market trends and staying informed about any relevant news or events, you can identify the optimal times for OTC trading in the cryptocurrency market.
- Dec 17, 2021 · 3 years agoAccording to a recent analysis by BYDFi, the best times to trade OTC in the cryptocurrency market are typically during the early morning hours (UTC) when the Asian and European markets are active. During this time, there is usually higher liquidity and increased trading volume, which can result in better pricing and execution. It's important to note that market conditions can vary, so it's always recommended to stay updated with the latest market trends and news to make informed trading decisions.
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