I've heard that when the Asian, London, and New York markets kick off, there's a ton of volatility in the bitcoin scene. That's when day traders and scalpers can rack up some serious profits (or take some nasty hits).
Does anyone know the precise times when these markets open, and is it really worth jumping in and trading during those hours?
The only time bitcoin volatility might reduce is just during the weekends when some traders may not be trading. But during bull run, there are weekends that will be like the weekdays in a way that there will always be volatility also during the time.
Do not think bitcoin is like the traditional markets that open and close. The market for crypto is not closing and time is not what you can consider to know when the price of bitcoin will be more volatile. Just neglect that because it is not right.
The opening times of stock markets isn't difficult to find. A simple Google search shows the following information:
- Tokyo Stock Exchange: MON to FRI from 9:00 am to 11:30 am and 12:30 pm to 3:25 pm Japan Standard Time.
- Hong Kong Stock Exchange: MON to FRI from 9:30 a.m. to 12:00 pm and 1:00 p.m. to 4:00 p.m.
- London Stock Exchange: MON to FRI from 8:00 am to 4:30 pm GMT.
- New York Stock Exchange: MON to FRI from 9:30 am to 4:00 pm EST.
Whether or not that's the perfect time for trading is up to you to decide.
bitcoin doesnt have any opening or closing time like stocks do but yeah if specific traders overlap you can take advantage of this because it might also affect the bitcoin market
most likely if something huge like an event or news happen and it affects the stock market it will also affect the bitcoin market
note the timezone is in gmt:
tokyo 12-9am
london 8am-5pm
new york 1pm-10pm
as per is it worth it? it depends how well you can navigate through both markets its going to be tough but if you can do it well then sure why not?
I remember in 2017 there was a price difference between East Asian platforms and global Bitcoin platforms which led to arbitrage trading but with daily trading volumes increasing to more than $50 billion the closing and opening price of Asia/London/New York markets will not affect on BTC price.
A few months ago there were attempts to prove that there is a correlation between the US stock market and the price of Bitcoin, and by denying this correlation we can say that there is no effect of closing/opening.
Are you referring to physical market trading or what likely because I haven't learnt about these regional economy markets volumes haven to be determined of bitcoin volatility.
If this market system can't be specifiof it opening going to increase the price of bitcoin or decrease as to be precised, then I'll doubt if it's true that the market has such potential influence on bitcoin because already we know bitcoin has an up and down volatility of fluctuation.
If you are lazy with the time math, and it's giving you a headache, Tradingview has over a dozen indicators and community scripts that visualize the session times on the chart. All you have to do is click on indicator, search up "sessions" and a lot of indicators will be displayed.
Try each of them until you find one most suitable to you