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Topic: Trading base on market sessions (Read 357 times)

full member
Activity: 1303
Merit: 128
June 05, 2021, 05:48:08 PM
#31
Usually, during the Tokio session Chinese investors pump cryptocurrencies, and another factor I observed was new session continues the previous trend in all costs. If the end of the New York session is bearish, the new trading session will pressure to sell on the market bulls.
There's a lot of market sessions that many believe for but there's no proof on that I mean there's a different session and different trend most of the time so there's still no guarantee on this and the market is still unpredictable. We have to see the market based on its trend, is not that easy but its worth to analyze it.  We can see the market same on the other exchanges, there might be small difference but its tolerable.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
June 05, 2021, 04:26:34 PM
#30
Usually, during the Tokio session Chinese investors pump cryptocurrencies, and another factor I observed was new session continues the previous trend in all costs. If the end of the New York session is bearish, the new trading session will pressure to sell on the market bulls.

There's a lot of market sessions that many believe for but there's no proof on that I mean there's a different session and different trend most of the time so there's still no guarantee on this and the market is still unpredictable. We have to see the market based on its trend, is not that easy but its worth to analyze it.  We can see the market same on the other exchanges, there might be small difference but its tolerable.

I didn't understand what you mean but there are trends in each market session despite the general trend. Overall trend can be bearish but some big investors can pump the market to get higher liquidity on some pairs on their market session, it can be observed if you check the historical charts of top cryptocurrencies.
sr. member
Activity: 1479
Merit: 273
Seabet.io | Crypto-Casino
June 05, 2021, 04:21:31 PM
#29
To be honest i just know about this. Until now what i know is trading in night time of my country because in others mostly still afternoon so people already awake. And then avoid weekend and holiday because lower volume market than usual. But now i not really concern about that because market can move anytime since we know a lot of people already jumped into crypto trading and maybe will be good if we can stand by anytime in market.
sr. member
Activity: 2016
Merit: 283
June 05, 2021, 02:03:35 AM
#28
It's true, the time and place that differs between countries is one of the factors that can be said to affect the price of Bitcoin. it's just that to analyze it is not easy. because we cannot know in a particular market which countries are actively trading. especially in the biggest markets like Binance, Bitrex. etc. which provides information on the dominant activity on a massive scale.
i don't know if its possible to happen because we are  in the internet and perhaps most of it will be updated when there's a changes in the market in my personal opinion ..  What i mean is even in a different exchanges, site and etc it must be accurate right even in other countries ? Wherein unless if there's a delay and they can't update the information as soon as possible ,  Correct me if i'm wrong because to be honest i don't have such experience.
hero member
Activity: 2114
Merit: 619
June 04, 2021, 01:52:06 PM
#27
This is pretty useful information but these things aren't really holding true anymore in the markets except for that US Session. Instead, I have seen another sign of volume spikes in the crypto market. It's generally around the 4-hour close mark each day. Especially the ones that happen at 4 a.m. GMT in the morning and 4 p.m. GMT in the Evening. If you see on a 30 Minute chart every 30 min before the 4-hour close has some huge volumes. One reason for this that I can think of is the funding fees. Many people might close their positions before the candle closes and they open it back again to avoid the funding fee which is charged at exactly the close of a 4-hour candle in the futures market. But this time can be a great time for scalpers as volume and volatility is all what a trader really requires.
full member
Activity: 1330
Merit: 100
C O M B O
June 04, 2021, 01:23:18 PM
#26
It's true, the time and place that differs between countries is one of the factors that can be said to affect the price of Bitcoin. it's just that to analyze it is not easy. because we cannot know in a particular market which countries are actively trading. especially in the biggest markets like Binance, Bitrex. etc. which provides information on the dominant activity on a massive scale.
in my opinion there is no difference, we can see the price of bitcoin is the same as Bittrex, Binance and Bitfinex,
in this scope everything can be controlled and the price is the same but like in Zimbabwe or Africa Bitcoin prices usually tend to be more expensive,
so this is not dependent on the exchange, this is it depends on the country
legendary
Activity: 2030
Merit: 1189
June 04, 2021, 09:55:13 AM
#25
-snip-
There may be a correlation between increasing trading pairs on the platform based on time and individual activity, but trading bots make it possible to trade 24 hours.
So I also don't think that there is such a thing as a trading window in cryptos at all.
I agree, there is not much difference in orders and little difference between weekdays and weekends. For sure, this is not the case for the forex trading but that's the power of decentralisation - a 24/7 access to any market.

So as far as I've noticed the different timezones for different markets is not something of concern for the crypto space.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
June 04, 2021, 08:15:30 AM
#24
It's true, the time and place that differs between countries is one of the factors that can be said to affect the price of Bitcoin. it's just that to analyze it is not easy. because we cannot know in a particular market which countries are actively trading. especially in the biggest markets like Binance, Bitrex. etc. which provides information on the dominant activity on a massive scale.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
June 02, 2021, 02:56:19 PM
#23
At the moment, I dont see any different of price action of crypto in different time session because everyone from around the world can trade it in 24/7. That trading market session only valid for forex market because many company or bank as Liquidity provider traded according to market sesion in each country.
The write up work well with forex trading, I was once a forex trader and I know the impact of London opening on the market and overlapping session there is increasein price volatility in those period. however market sessions don't work with cryptocurrencies trading because Price Action can be activated at any time a trader is expected to focus mainly on TA and FA appropriately, a crypto trader is also expected to monitor price 24/7 to catch the beginning of a trend.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
June 02, 2021, 12:54:12 PM
#22
In addition, one must also mention the arbitrage bots here. Even if there are differences in the different trading windows, this type of bots immediately takes advantage of the price difference, which leads to the prices being aligned again in the shortest possible time, especially for high-traffic coins like BTC.

So I also don't think that there is such a thing as a trading window in cryptos at all.
Arbitrage bots are making insane amount of money, they are making so much money on defi that it is basically not even real at this point. I have seen a bot working so fast that, as soon as someone trades on one pair, they handle all the other pairs and make that profit. It is really getting crazy at this point and that is why I think it is quite important to realize bots are what the real danger to the market and people are forgetting that.

We talk about Elon Musk, we talk about Tesla or amazon or Biden or paypal or whatever we want to talk about but the automatic parts of the crypto world are the real problem. Like for example people who get a loan from USDT collateral end up with losing all their money so their bitcoins are turned into USDT which causes bitcoin price to drop, billions of dollars with the same thing causes it to go down as well, all automatic.
legendary
Activity: 2296
Merit: 2721
June 02, 2021, 06:58:56 AM
#21
-snip-
There may be a correlation between increasing trading pairs on the platform based on time and individual activity, but trading bots make it possible to trade 24 hours.
In addition, one must also mention the arbitrage bots here. Even if there are differences in the different trading windows, this type of bots immediately takes advantage of the price difference, which leads to the prices being aligned again in the shortest possible time, especially for high-traffic coins like BTC.

So I also don't think that there is such a thing as a trading window in cryptos at all.
member
Activity: 462
Merit: 10
June 02, 2021, 12:32:56 AM
#20
At the moment, I dont see any different of price action of crypto in different time session because everyone from around the world can trade it in 24/7. That trading market session only valid for forex market because many company or bank as Liquidity provider traded according to market sesion in each country.
full member
Activity: 1848
Merit: 158
May 09, 2021, 03:27:22 PM
#19
You need more convincing evidence to prove that the Bitcoin price may be affected by the different trading sessions based on the countries, or it has a link with the traditional markets.
Bitcoin prices come from the price movement in the traditional 24-hour platforms or OTC markets, in which fluctuations are made based on supply, demand and liquidity movement, both of which are not specific to an accurate time basis.

There may be a correlation between increasing trading pairs on the platform based on time and individual activity, but trading bots make it possible to trade 24 hours.

This is what also I am wondering here, because in crypto, everyone is free to trade 24/7 unlike in the traditional market. So how can the OP correlate those sessions in crypto market? Does he have any basis about those best times to trade, or he is just basing it from the traditional market? I believe it is harder to make a conclusion when it comes to crypto market as it is moving 24/7.
full member
Activity: 826
Merit: 100
May 08, 2021, 12:37:49 AM
#18
A knowledge of each trading session is an essential requirement for any trader who would love to gain from the high volatility the market has to offer. Without a proper knowledge of this one wouldn't understand the perfect time to place a trade.

If you trade by 2pmGMT when the bank of America would open for the day , both sydney and tokyo sessions would also be trading at that same time meaning a higher volatility from stocks.
in this case besides we are more effective in trading, so that we can determine which pair we will choose, it can also be more profitable because we know the big movements at that time. for example we are trading the European or American market in the morning, so I think it becomes less effective waiting
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
May 07, 2021, 05:11:48 PM
#17
In my opinion, two sessions overlap might affect the price of the bitcoin and the best navigation tool to know when to trade. But it doesn’t apply anytime as it is not just the trading platforms that are making the price of the bitcoin drive. You also have to consider the timezone of miners in China, you should know when are they usually dumping in Bitcoin to withdraw cash and continue mining with their hardware.
Sometime I just laugh of my skull when I see people trading without the knowledge of how the trading sessions work. All they notice is the market tend to be volatile at a particular period of time and suddenly every ease off. This had happened to me many time before I now discovered that sessions in trading are very important as watching your charts every single moment.

When two sessions overlap, their would be more participants in the market coupled with news which could also triggered volatility spike. In all we'll should endeavor to back test the trading sessions to see the differences. I come in peace!
legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
May 07, 2021, 01:30:50 PM
#16
A knowledge of each trading session is an essential requirement for any trader who would love to gain from the high volatility the market has to offer. Without a proper knowledge of this one wouldn't understand the perfect time to place a trade.

If you trade by 2pmGMT when the bank of America would open for the day , both sydney and tokyo sessions would also be trading at that same time meaning a higher volatility from stocks.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
May 06, 2021, 11:22:44 AM
#15
In my opinion, two sessions overlap might affect the price of the bitcoin and the best navigation tool to know when to trade. But it doesn’t apply anytime as it is not just the trading platforms that are making the price of the bitcoin drive. You also have to consider the timezone of miners in China, you should know when are they usually dumping in Bitcoin to withdraw cash and continue mining with their hardware.

Also, whales affect the price of the cryptocurrencies, we should know when do they dump and pump as most of them are privately trading and don't follow the regular timezone.
member
Activity: 1120
Merit: 68
May 06, 2021, 02:33:50 AM
#14
You can use bots to do automatic trades for you 24/7 although it will be problematic since you have to tweak it base on your preference but in the end all of the effort you put into that bot is pretty much worth since you can spend more of your time not on the screen because it automatically trades.
Bot can not decide price to buy and sell. You set it. I don't have money to buy bot scripts and don't actually believe in bots.

I want to get rich slowly but solidly. Bots do not give me safe feeling.
You can get open source ones that are free and no not a lot of bots aren't bad because there is gunbot for example. That's on you if you don't want to use a bot for trading, I am just giving you an option.
newbie
Activity: 8
Merit: 0
May 06, 2021, 02:24:23 AM
#13
You can use bots to do automatic trades for you 24/7 although it will be problematic since you have to tweak it base on your preference but in the end all of the effort you put into that bot is pretty much worth since you can spend more of your time not on the screen because it automatically trades.
Bot can not decide price to buy and sell. You set it. I don't have money to buy bot scripts and don't actually believe in bots.

I want to get rich slowly but solidly. Bots do not give me safe feeling.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
May 06, 2021, 02:22:11 AM
#12
Higher volatility entails more trading volume. I only trade by 1pmGMT when the market volatility tends to be higher. By this time three sessions would be open at the same time making the market more volatile.

During Sydney sessions NZD and AUD pairs are always doing well with respect to the market trend and this session resumes by 9pm GMT but I hardly trade during this session
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