As I am researching the daily charts I noticed the time zones have an impact on the trading volumes sell/buy.
As I am located in Europe we have a ~time difference of -6 hours. This means by the time US goed asleep we ~wake up and at around 3pm US wakes up again.
The tradition trade exchanges tend to open and close on business hours around the world. But the cryptocurrency is always open for business!
In Europe we can see a drop of activity during the times US sleeps and when they awake you see a small spike in volume and stock price. Taking the time difference into account, we can use this to our own benefit by trading in the hours US sleeps and sell again after the spike. This short was of trading is highly speculative and I don’t recommend investing/trading what you can’t afford to loose.
I would love to learn more, do you use time zones in your advantage? Please share your thoughts in the comments below.
As always, thank you for reading.
Sander
