Setting a Bitcoin Schedule - Example of Written Trading Schedule

The BTCUSD Crypto Currency trading market is a market that's global in nature. The global nature of the market means that it is opens around the clock throughout the week. Traders thence have a lot of flexibility when it comes to selecting when to trade BTCUSD cryptocurrency online. However, not all times are suitable for placing and opening Bitcoin trades.

BTCUSD Crypto Currency traders should set up a trading schedule based on the most active Bitcoin trading hours which are the best market hours to help maximize profits and return on investment. USA, London and Asian market sessions are the most active times suitable for Bitcoin. These three market sessions make up the biggest volumes of transactions from across the world on a daily basis, although Asia session is one of these 3 market sessions it is best not to trade during this particular Asian session.

There are also market overlaps in the between the 3 market sessions, where two sessions are open at the same time, these market overlaps are the most active trading periods. These overlaps provide a great opportunity to trade in multiple markets at once and maximize your potential profits when trading Bitcoins online.

The best overlap is the one that occurs between the US & London sessions. This is when the financial transactions are the most active and more trading opportunities present themselves.

Asian session is the least active of the three major market sessions. Bitcoin prices move slowly or consolidate at a single point throughout the Asian session. This isn't a good time to be in the market - this is the best moment to take a break. Even Asian investors avoid trading at this time and wait until night time to trade when the Europe & USA markets are open.

Because the trading day lasts all day and night & it is not possible to stay up all night long, Bitcoin investors should set up a workable Bitcoin trading schedule. By gaining an understanding of these market hours, a trader can set appropriate hours to increase chances of maximizing their profits when it comes to trading Bitcoins online.

When setting up a Bitcoin trading schedule, it should accomplish the following goals:

1. Familiarize yourself with various sessions.

These are: New York session, the London session, & the Tokyo market session.

London 3 a.m. To 12 p.m. EST (8:00 GMT 1700 GMT.)New York 8 a.m. To 5 p.m. EST (1300 GMT 2200 GMT.)Tokyo 7 p.m. To 4 a.m. EST (00:00 GMT-9:00 GMT.)

2.Trade during this time when Bitcoin prices are most active.

3.Plan a workable Bitcoin trading schedule. So as to keep a balance between your time to get adequate rest. The best time to trade is between 3a.m. To 5p.m. EST

Characteristics of the 3 Major Sessions: Tokyo Session, London Session and New York Session

Bitcoin Session - When To Trade Bitcoins During Market Session Overlaps

When the USA and UK market sessions are both open - prices of Bitcoin will generally trend up or down and move a good number of points in one direction. As a trading analysis trader, this time the technical indicators will provide good and profitable signals that catch the trend.

When the Bitcoin prices are trending and moving fast traders will find it much easier to make money if they open and close trades during these times.

On the other hand, during the other times for example the Asian session, the prices will be in a range bound sideways movement and traders using indicators will have a hard time making profits as the trading indicators will generally tend to be more prone to fake outs. One will find it difficult to make money in this range bound - sideways market where the price action movement is sideways.

It is 10 times easier to make money when the market is moving up or moving down than it is to make money when the market is moving sideways.During the best times to open BTC USD Crypto Currency trading orders, i.e. 800 GMT & 1800 GMT the Bitcoin Crypto Currency prices will trend in one direction, during other times like Asian Session, the Bitcoin prices likely to be range bound, move sideways or start to consolidate.

London session 08:00 GMT -17:00 GMT.USA session 13:00 GMT - 22:00 GMT.

Asian session is a relatively slow for all Bitcoin price movements and not suitable at all for Bitcoin

Basically your plan should target 8:00 GMT and 18:00 GMT as the time that you trade Bitcoins online.

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Setting a Bitcoin Schedule - Example of Written Trading Schedule