What is the best time to trade Australian cryptocurrencies?

3 answers

• Dec 21, 2021 · 3 years ago
  The best time to trade Australian cryptocurrencies is during the active trading hours of the Australian market. This typically occurs between 9:30 AM and 4:00 PM Australian Eastern Standard Time (AEST). During these hours, there is usually higher trading volume and increased liquidity, which can result in better price execution and reduced slippage. It's also important to keep an eye on any major news or events that could impact the market, as this can create additional trading opportunities.
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• Dec 21, 2021 · 3 years ago
  If you're looking for the best time to trade Australian cryptocurrencies, it's important to consider the overlap with other major cryptocurrency markets. The hours between 9:30 AM and 12:00 PM AEST coincide with the opening hours of the Asian markets, while the hours between 12:00 PM and 4:00 PM AEST overlap with the European markets. These overlapping hours can lead to increased volatility and trading opportunities. However, it's important to note that trading during these times also carries higher risks, as market movements can be more unpredictable.
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• Dec 21, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the best time to trade Australian cryptocurrencies is during the morning hours of the Australian market. This is when trading volume tends to be higher, resulting in increased liquidity and tighter spreads. Additionally, market sentiment and price movements are often influenced by news and events that occur during the morning hours. However, it's important to conduct your own research and analysis to determine the best trading strategy for your individual goals and risk tolerance.
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