Readcashers; The best time to spend Bitcoin

By Zak63 | Zak63 | 5 Oct 2020


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Most BTC investors and cryptocurrency traders are changing the way they trade in 2020 as trading in New York shares are highly volatile at around 9:00 PM before 22:00 GMT.

It should also be pointed out that the volatility of the market value of the world's major currency prices is closely related to the opening of the US financial market. Other trading hours, such as the London opening and the Asian financial markets, have little impact on the volatility of BTC prices.

Information obtained by a reputable Research Company from 4th July 2020 to 4th October 2020 shows that;

  • Bitcoin's headline news activity peaked between 9:00 p.m. and 10:00 p.m. GMT and only slightly dropped between 11:00 p.m. and 12:00 p.m. when the market closed.

  • The lowest time to speak hourly occurs between 12:00 AM and 11:00 AM GMT (3:00 AM to 4:00 AM on the West Coast of the United States).

Additionally, cryptoanalysis firm Skew.com found that the midweek volatility of the BTC market was greater than at the beginning or end of the trading week. It's also very quiet at weekends.

Price volatility shows an interesting trend. But we don't want a significant correlation to hourly speaking activity. As mentioned earlier, there is no relation.

If only the first and second half of each trading day were divided, the average performance of the second half was significantly better. From 12.00 to 12.00 GMT, the average yield was -006%. Average return is + 0.023%.

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Zak63
Zak63

I am a student at the University of engineering and technology in the department of industrial engineering and management | Blogger | Photographer


Zak63
Zak63

My name is Zakaria, an it specialist, i publish honest profit sites

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