Welcome, I hope you enjoy this little journey as we together explore the best times to trade Crypto.
It’s important to know when the market will be relatively quiet. Also, know when investors are most relaxed to maximize your potential. The cryptocurrency market moves like a pendulum, swinging up and down with different momentum whenever a major decision is made by the world’s leading countries. In this article, I will endeavor to equip you to understand the best times to trade crypto using this volatility as an opportunity for maximum profit.
What are the best times to trade Crypto for quick profit?
In general, the best time to trade is when there is a lull in the market. This lull can be easily identified by looking at the 24-hour chart for the volume of each currency and the time of day. Usually, you can find the low volume on all major crypto pairs between 01:00 UTC to 07:00 UTC (Wednesday to Friday).
The same goes for weekends when most people do not move money around during these periods. As a trader, you need to find the best time to trade. The most crucial time is when there is a pause in the market movement or at least a slowdown. As you analyze the patterns of price action day over day you will begin to see the time frames when the market is the quietest.
The Nitty Grittys
The next key to being a good trader is to find the best crypto for a quick profit. Again as you look at the currency pairs you will start to see the unique nuances of that pair’s personality. A key component here is; familiarity with the charts. Study the charts of a few of the most popular crypto pairs. I can’t stress enough to take note of the price action around the 1-7 UTC timeframe.
During this time of day, most institutional trading has stopped. When the big movers get out of the way and it is primarily just us retail traders, the markets seem to be more predictable. During this time most price movement will be slower and smaller. Consequently, a new trader can learn and adapt without missive market movement.
The Best Crypto Wallet for Beginners
In the beginning, we recommend you trade a demo account until you have confidence that you can trade profitably. For example, if you want to enter the crypto market, you don’t just buy Bitcoin or Ethereum (probably the best crypto for a quick profit). What you will want to do is to focus on 3 to 5 popular coins. Bitcoin and Ethereum are the foundation of your trading education. From there adding other popular altcoins will be your plan.
If you have not opened an account with a crypto exchange yet I recommend that you take that step now. It can sometimes take a few days to get your account security approved before you can start trading, Consequently, it is advisable to take those steps early.
The top two that I recommend are Coinbase and Binance. Both of these exchanges have cutting-edge secure wallets that are best for beginners. If you are unsure about this step make sure you read our Exchange reviews here.
Is Now the best time to trade crypto for quick profit?
Looking at historical data, there is no solid answer to this question. It all depends on the market and your strategy. As with all markets, trends can be analyzed and then used to make a profit. It is especially true when it comes to the volatile cryptocurrency market.
The market, however, is constantly changing. It all depends on the market, your strategy, and the time when you expect your profit will be realized.
You should find a trading strategy and time that fits your personality. Trading can be a fun and exiting way to make a very good living. However, be yourself don’t try to force yourself into someone else’s mold. Yes, you must learn from other traders but assimilate and adapt. Keep moving forward and you will find new skills that you never knew were buried deep inside yourself!
The five periods or fazes for getting into the crypto world
Between 1-5 years from now. The cryptocurrency market is still at the early stage of its life cycle. This implies that there are still plenty of opportunities for new traders to enter the market and make a profit, as there are plenty of people who are willing to invest in the latest, popular cryptocurrencies.
Between 5-10 years from now. The cryptocurrency market is not as young as it was 5-10 years ago. However, there will always be a lot of room for those who want to get into the market before it becomes too crowded with experienced traders who have gained the most knowledge through their experience. This also means that there is still plenty of room for new traders to enter the market, as this probably will not be the case for a long time.
Between 10-20 years from now. We are approaching the end of this cryptocurrency bull run. The market is finally maturing and becoming easier to access from both an investment and trading perspective. This means that there will be plenty of opportunities for those who want to get into the market before it becomes too crowded with experienced traders who have gained the most knowledge through their experience. However, the market will not be overcrowded.
Between 5-10 years from now. The cryptocurrency market is going to be much harder to get into once it has matured. This means that there will be plenty of opportunities for those who want to get into the market before it becomes too crowded with experienced traders who have gained the most knowledge through their experience. At this point, however, a lot of people will be actively involved in trading cryptocurrencies and making a profit from them. As a result, this is not the best time to make a profit from cryptocurrencies.
Between 10-20 years from now. The cryptocurrency market is going to be very crowded with experienced traders. This means that there will be plenty of opportunities for those who want to get into the market before it becomes too crowded with experienced traders who have gained the most knowledge through their experience.
Everyone wants to make profits, and when it comes to crypto trading even more so. That’s why everyone is trying to predict what will happen next in the crypto-sphere. Will we have better times? Will prices start going up or down? However, the bottom line answer to the question, “what are the best times to trade crypto?” I would have to answer that there is no better time than now!
We can’t tell what will happen in the future, but it’s always worth looking at past performance. So far, Bitcoin peaked in August 2011, November 2013, and December 2017 – no exact months though.