Bitcoin Morning Trade
The bitcoin trading morning trades are the most lucrative trades when it comes to trading 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 USA 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 transactions are carried out by global companies in the afternoon.
This is the observation that's has been made by most traders who regularly trade the btcusd trading market. Trader will observe that at London market open the btcusd trading market will move quite a number of pips steadily for few hours, then after these hours the btcusd trading market will begin to retrace or consolidate. Then comes the New York Morning time and during the first few hours the btcusd trading market will then move quite a significant number of pips and then after these hours the btcusd trading market will then begin to consolidate or retrace most times until the morning time of London market.
Generally these two times are when 70 - 80% of all market movement will take place. These are
- London bitcoin trading morning trade time
- New York bitcoin trading morning trade time
So in GMT time what are bitcoin trading morning trade times of these two markets?
From the above chart the only Bitcoin Morning Trade we want is the London bitcoin trading morning trade and New York Bitcoin Morning Trade:
- London bitcoin trading morning trade time - 8:00 - 11:00 GMT
- New York bitcoin trading morning trade time - 13:00 - 16:00 GMT
Now the Bitcoin Morning trade for our trading will only be 3 hours because for the morning bitcoin trade as a trader you want to close your trade before bitcoin price starts to retrace or consolidate.
So as a bitcoin trading morning trader these will be your bitcoin trading time for opening and closing trades. If you decide to open a bitcoin trading morning trade you should close it within the 3 hours morning time because after these morning hours most trades by financial institution will already have been executed and therefore after these few hours the liquidity in the btcusd trading market goes down and the bitcoin price movement will slowdown.
Bitcoin Morning Trade - Trade Opening Hours
A chart of bitcoin trading morning trade times for both the London bitcoin trading morning trade and New York Bitcoin Morning Trade.
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