Bitcoin Morning Trade
Morning bitcoin trades offer the best profits in the BTCUSD market.
In the bitcoin trading the most active bitcoin trading times are during the times when banks in Europe are open (London bitcoin trading time) and the time when the USAUS bitcoin trading banks are open (New York bitcoin trading Time). But for most businesses around the globe most of their activities is carried out early in the morning, very few trade positions are carried out by global corporations in the afternoon.
This observation has been frequently noted by traders active in the BTC/USD market. Traders often observe that upon the opening of the London session, the Bitcoin market moves steadily for several hours, after which it typically initiates a retracement or consolidation phase. Subsequently, during the initial hours of the New York morning session, the BTC/USD price moves significantly again, only to often start consolidating or retracing for the majority of the remaining time, frequently lasting until the onset of the next London morning session.
Generally these two times are when 70 - 80% of all market movement will occur. These are
- London bitcoin trading morning trade time
- New York bitcoin trading morning trade time
So in GMT time what are btcusd morning trade times of these two markets?
From the chart above, focus on the London Bitcoin morning trade and New York Bitcoin morning trade only.
- London bitcoin trading morning trade time - 8:00 - 11:00 GMT
- New York bitcoin trading morning trade time - 13:00 - 16:00 GMT
Our bitcoin morning trade lasts just three hours. Close it before prices pull back or flatten out.
So as a bitcoin trading morning trader these will be your bitcoin trading time for opening & closing trades. For a morning trade, close it within three hours. Big institutions finish most moves then. Liquidity drops in BTCUSD, and price slows after.
Bitcoin Morning Trade - Trade Opening Hours
A graphical representation showcasing Bitcoin trading activity during typical morning session hours, covering both the London and New York trading periods.
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