Member-only story
BEST TIMES TO BUY AND SELL CRYPTO CURRENCIES
MUST KNOW THESE 2 RULE IF YOU ARE A TRADER.
High Market Activity Times:
Although cryptocurrency exchanges are open 24 hours a day, trading activity is often stronger at specific times. Generally, the strongest trading periods fall between 12 PM and 8 PM UTC, corresponding to average weekday hours in the United States.
This time is often characterized by increased liquidity and trade volumes, which might result in more favorable pricing.
More trading activities are not carried out in the early morning hours and late nights; you may even end up getting more advantageous prices because of it.
Off-peak times are good to engage in the activity if you are looking for some deals that might materialize during the less busy periods of trading.
Dollar-Cost Averaging [DCA]:
Instead of perfectly timing the market, dollar-cost averaging is a method wherein tiny quantities of cryptocurrencies are purchased regularly for a long time. This strategy may alleviate the impact of volatility as well as the risk associated with incorrect timing decisions.
