What's the Best Time to Trade Bitcoin CryptoCurrency?
Timing is one thing that will ascertain your success in the Bitcoin trading market and that is why it is essential to find the best time to trade Bitcoin, the best time with regards to activity and volume of BTCUSD trading transactions. This is what we call volatility, when the Bitcoin market is volatile it is more liquid - meaning there are more opportunities to trade Bitcoin.
When is the best time to trade Bitcoin Cryptocurrency? The most prominent time is undoubtedly the US and the UK trading sessions, accounting for more than half of the total online financial transactions.
If it comes to major trading sessions: London, New York and Tokyo take up 75% of market activities. And financial transactions volume is the heaviest when these major market sessions overlap; this is the best time to trade BTCUSD.
Market session overlaps are characterized by high liquidity and the probability of finding a profitable trade is very high. This is because the volume of financial transactions is determined by the number of markets that are open and the times during which they overlap with each other.
Best Time to Trade Bitcoin Market Based Upon Volume and Activity
The best time to trade Bitcoin is when markets sessions overlap - this is the time when the financial markets are highly liquid because there are more participants trading in the markets, which means more volume and momentum to fuel Bitcoin price trends and trend breakouts. This also tends to be when economic data is released, providing the triggers for the movements in the Bitcoin pair - BTCUSD.
European and U.S. Market Overlap: 13:00 - 17:00 GMT
The financial markets are most active when the two largest trading centers in the world overlap. 80 percent of the total average daily trade turnover usually occurs during U.S. And European market hours. Just these percentages alone tell day traders that they cannot sit in front of the screen all day: this time alone is enough to make a good profit trading in the financial markets, the best time to trade BTCUSD Cryptocurrency is - the U.S. And European overlap which is between 13:00 and 17:00 GMT.
Asian and European Market Overlap: 7:00 - 9:00 GMT
The next best time to trade Bitcoin is during the Tokyo and European Market Session overlap - when both the Asian and European traders have the opportunity to respond to European economic data. The London open market session is also volatile as European traders normally react to overnight developments.
These times when the market sessions overlap is the time you have to target to trade in order to make profits, it is the best time for trading the online Bitcoin trading markets.
THE ABSOLUTE BEST TIME FOR Bitcoin TRADING IS FROM 7:00 TO 17:00 GMT
The best time for Bitcoin trading is 7:00 to 17:00 GMT, this is because the volatility is much higher and opportunities for making a profit are much more frequent with bigger market moves, especially in these 10 hours. This is when you can make 100-150 pips Profit trading BTCUSD pair.
News Releases / Economic Data Releases
23:50 GMT Japan Fundamentals07:45 GMT Euro Fundamentals13:30 GMT USA Economic Figures
During Summer Time these news release times are 1 hour earlier because of day light saving hour.
Bitcoin prices will react more to USA economic data reports because Bitcoin is traded against the USD and therefore news reports released in the USA Market sessions can provide day traders with good opportunities to trade short term Bitcoin trends caused by these economic data reports.
Best Days to Trade Bitcoin
Although the online Bitcoin trading market is open on all these 5 business days there are certain days which are considered as the best days and trading during these days will give you the best trading results.
If you want the best time and the best days to trade Bitcoin, then statistics shows that Tuesday, Wednesday and Thursday are the best days to trade BTCUSD since the maximum number of BTCUSD transactions happens during these weekdays.
