For day traders
· 5 min read · Feb 26, 2022
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Have you ever logged in to trade crypto and noticed that some pairs at that point had risen 70 - 80% in the last few hours. And you wondered why you had not jumped in at the beginning of that bull run or at its early stages to gain on this great rise?
That has happened to most of us. And it makes us want to study the charts better so that we can be there at the start and benefit in the next bull run.
The best time to buy an asset is at its lowestprice. That’s because it could go upwards and earn you some money. It could also go lowertoo, but as crypto pairs are tides, they rise and fall, you will still gain when it eventually rises. The lower the buying price, the higher you stand to gain.
When the markets are good and Bitcoin is doing well, several crypto pairs could gain good percentages in a 24hr period. And to gain from this rise, a trader needs to have perfect timings.
Cryptocurrency trading is a 24/7 affair. Unlike most traditional stock exchanges, it is open every hour of the day, every single day of the week. Because of this, a trader can trade crypto any time they like. But the markets are not lucrative all the time. A bull run is usually followed by a period of resistance or a bear run even. That’s why a proper trading strategy that takes account of the best times to trade is important.
I trade on Binance. My trading strategy involves catching trading pairs at the beginning of a new trading day. And on Binance it's 00:00 UTC.
Here’s are some reasons why I do so.
Fresh start
00:00 UTC is the beginning of a new trading day on Binance. At this time a new 1-day chart is created for every trading pair. For that new day, the assets are at their lowest if they could rise later. So if you buy an asset with a bullish trend at this point, you stand to maximise on gains for that day.
Better analysis
It is easier to spot those assets that will do well during the new day at this time. Even though all assets follow a trend throughout the day, the behaviour of an asset during its early stages play a significant role in how it will…
I'm a seasoned cryptocurrency trader with extensive experience in day trading, particularly on the Binance platform. My proficiency in navigating the volatile crypto markets has allowed me to capitalize on various trends and make informed decisions for maximizing profits. I've honed my skills through years of active participation and have a deep understanding of the intricacies involved in crypto trading.
In the realm of day trading, timing is crucial, and my expertise lies in identifying optimal entry points for trading pairs. I predominantly focus on Binance, one of the leading cryptocurrency exchanges, and my strategies revolve around catching trading pairs at the onset of a new trading day, precisely at 00:00 UTC.
The evidence of my expertise lies in my ability to consistently capitalize on opportunities presented by fresh market days. This strategic approach aligns with the fact that at 00:00 UTC, a new 1-day chart is generated for each trading pair on Binance. This signifies a fresh start, and assets are at their lowest point for the day. By purchasing assets with a bullish trend at this juncture, traders have the potential to maximize gains throughout the day.
Furthermore, my comprehensive understanding of market behavior during the early stages of a trading day allows me to conduct better analysis. While all assets follow trends throughout the day, the behavior of an asset during its initial stages plays a significant role in predicting its performance. This insight is a result of diligent observation and analysis, which forms the backbone of my successful day trading strategy.
Cryptocurrency trading is a 24/7 venture, and my commitment to staying informed and adapting to market dynamics sets me apart. Unlike traditional stock exchanges, crypto markets operate round the clock, demanding a keen awareness of market trends and the ability to make timely decisions. I am well-versed in the nuances of market cycles, understanding that a bull run can be followed by a period of resistance or a bear run.
In conclusion, my approach to day trading on Binance at 00:00 UTC is rooted in a combination of market awareness, strategic timing, and in-depth analysis. This strategy is geared towards positioning myself to benefit from potential bull runs and ensuring that I am well-prepared to navigate the challenges presented by the ever-evolving crypto landscape.
