What days should I avoid trading cryptocurrencies?

4 answers

• Osborne JonssonMar 15, 2024 · 2 years ago
  As a cryptocurrency trader, it's important to be aware of the best days to avoid trading. While the cryptocurrency market operates 24/7, there are certain days when trading volume and volatility are higher, making it riskier to trade. Generally, weekends and holidays tend to have lower trading volume and higher volatility due to reduced market participation. It's advisable to avoid trading on weekends and major holidays to minimize the risk of unexpected price swings and low liquidity. Instead, consider trading on weekdays when the market is more active and liquid.
  571

  286
• Tade StrehkOct 15, 2024 · a year ago
  If you're a beginner in cryptocurrency trading, it's recommended to avoid trading on weekends and holidays. These days often experience lower trading volume and higher volatility, which can result in unpredictable price movements. It's better to trade on weekdays when the market is more stable and there is higher participation from traders and investors. This will provide you with better opportunities to execute trades at desired prices and reduce the risk of sudden price fluctuations.
  490

  164
• Dowling RalstonJan 03, 2024 · 2 years ago
  According to BYDFi, a leading cryptocurrency exchange, it's generally advised to avoid trading cryptocurrencies on weekends and major holidays. These days often have lower trading volume and higher volatility, which can lead to unfavorable trading conditions. Instead, consider trading on weekdays when the market is more active and liquid. This will increase the chances of executing trades at desired prices and reduce the risk of slippage. Remember to always do your own research and analysis before making any trading decisions.
  532

  133
• dutsisSep 06, 2021 · 4 years ago
  When it comes to trading cryptocurrencies, it's important to consider the days with the highest trading volume and lowest volatility. Weekends and holidays are generally not the best days for trading as they tend to have lower trading volume and higher volatility. This can result in wider spreads and increased slippage, making it harder to execute trades at desired prices. If possible, try to trade on weekdays when the market is more active and liquid. This will provide you with better trading opportunities and reduce the risk of unexpected price movements.
  563

  113