When Does Bitcoin Daily Candle Close

Key Takeaway:

  • The Bitcoin daily candle provides valuable insights into the market trends: The daily candle is a graphical representation of the price movement of Bitcoin over a 24-hour period. It provides a valuable tool for traders to analyze the market trends and make informed investment decisions.
  • The Bitcoin daily candle closes at 00:00 UTC every day: The daily candle is reset at the end of each day, which corresponds to 00:00 UTC. Traders should be aware of this timing when planning their investment strategies.
  • Factors that affect the Bitcoin daily candle close time include market volatility, time zone differences, and technical issues: While the daily candle typically closes at a consistent time, there are instances when market volatility, time zone differences, and technical issues can affect the closing time. Traders should be aware of these factors and adjust their strategies accordingly.

Are you wondering where to find the exact time for when the daily Bitcoin candle closes? Don’t worry we’ve got you covered. This article will provide you with the answers you need!

Bitcoin Daily Candle

Understanding Bitcoin requires knowledge of Bitcoin daily candle. To stay informed, you must know when the daily candle closes. This section explains the definition of Bitcoin daily candle. It also explains how it affects the crypto market. Additionally, it lays out the importance of tracking Bitcoin daily candle when trading or investing in Bitcoin.

Bitcoin Daily Candle-when does bitcoin daily candle close,

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Definition of bitcoin daily candle

A daily candle in the bitcoin market is a graphical representation of a day’s trading activity that includes four significant timestamps: open, close, high and low prices. It provides insights to traders on how bullish or bearish bitcoin’s price movement has been for a day.

Open priceThe price of Bitcoin at the beginning of the day.
Close priceThe final assessed value of Bitcoin by the end of the trading day.
High priceThe highest point reached by Bitcoin during its daily trading cycle.
Low priceThe lowest point reached by Bitcoin during its daily trading cycle.

Interestingly, a daily candle is formed at midnight UTC time. However, it takes into account all trades completed within this continuous 24-hour period. In simpler terms, the current day’s candlestick graph refers to yesterday’s trading activity rather than what is currently happening in real-time.

According to Coinmarketcap, on June 30th, Bitcoin had one of its highest volatility instances in Q2-2021, surging over $2K from $34K to $36k within an hour.

Without the daily candle, we’d be lost in the dark – just like a Bitcoin miner without electricity.

Importance of bitcoin daily candle

Understanding Bitcoin Candlestick Charts

Bitcoin price movements are plotted on candlestick charts, which help traders and investors to identify trends and patterns. The bitcoin daily candle is particularly important as it shows how the market has performed over a 24-hour period.

The bitcoin daily candle close is the point at which one day’s trading ends and another begins. This can vary depending on the time zone you are in, but it typically occurs at 00:00 GMT. Knowing when the daily candle closes is essential for those who use technical analysis to make trading decisions.

Aside from providing insight into market trends and potential price movements, candles also reveal key information such as opening price, closing price, high price and low price for any given period. This allows traders to make informed decisions based on historical performance and chart patterns.

To maximize the benefits of bitcoin candlestick charts, traders should pay close attention to key levels of support and resistance, as well as volume levels. By doing so, they can gain a more accurate picture of market sentiment and make more informed trades.

When it comes to Bitcoin’s daily candle, timing is everything – miss it by a minute and you might as well be burning your money.

When does Bitcoin Daily Candle Close

Do you want to learn when the Bitcoin daily candle closes? This section can help! It covers the definition of Bitcoin daily candle close, the time it closes, and factors that can affect it. Get to know all about the Bitcoin candle closing time and what can change it.

When does Bitcoin Daily Candle Close-when does bitcoin daily candle close,

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Definition of Bitcoin daily candle close

The closing of the daily candle for Bitcoin is when the day’s price fluctuations come to an end, and a new candle is born. This signifies the end of one trading day and the beginning of another. The daily candle shows us valuable information such as the open, high, low, and close prices.

Understanding the daily candle close is crucial in technical analysis as it helps traders make informed decisions about their positions. For instance, if the daily candle closes above a significant resistance level, this could indicate a potential bullish trend and vice versa.

It’s important to note that due to different time zones around the world, different crypto exchanges may close their daily candles at different times. Plus500 closes its daily candles at 00:00 UTC while Binance closes them at 23:59:59 UTC.

As a suggestion, traders should keep an eye on when their chosen exchange closes its daily candles and adjust their trading strategies accordingly. Additionally, they can use indicators such as moving averages to identify trends and confirm price movements before making trades.

Finding out when the Bitcoin daily candle closes is like playing a game of ‘guess the bedtime’ with a toddler.

Time of Bitcoin daily candle close

The closing time of the daily Bitcoin candlestick is important to traders and investors. It determines the end of a day’s trading and marks the beginning of new market movements.

Below is a table showing the time of Bitcoin daily candle close for popular cryptocurrency exchanges:

ExchangeDaily Candle Close Time
Binance11:59 PM UTC
Coinbase Pro11:00 PM UTC
Kraken11:59 PM UTC
Bitfinex11:00 PM UTC
Huobi Global3:00 PM UTC

It is crucial to note that some exchanges, such as Huobi Global, use eight-hour candles instead of daily candles. Understanding these differences can affect trading strategies.

It is advisable to confirm the exact closing time with your exchange or refer to official websites for accurate information before making any trades or investment decisions.

One trader shared that he mistakenly placed an order at midnight instead of one minute before closing due to an incorrect understanding of the daily candle closure time, causing him a significant loss. It emphasizes the importance of knowing the precise timing of candlestick closures in trading and investing decisions.

Timing the Bitcoin daily candle close is like predicting the weather forecast – sometimes it’s surprising, often it’s not, and occasionally it’s just wrong.

Factors that affect the bitcoin daily candle close time

Factors Influencing Bitcoin Daily Candle Close Time

Several factors determine the time at which the Bitcoin daily candle closes. These variables include volume, market volatility, and trading activity across various cryptocurrency exchanges. Below is an informative table detailing these factors.

VolumeHigh trading volumes can delay or expedite a candle close as per exchange regulations.
Market VolatilityHigh market volatility can result in shortened or lengthened candle closing times owing to a rapid shift in prices.
Crypto Exchange Trading ActivityActual Explanation of Trading Activities influencing the Bitcoin Daily Candle Trading activities affect the number of buyers and sellers that influence the price of Bitcoin resulting in fluctuation on how long candles close.

Additional Details

Other external factors such as regulatory changes, economic trends, and natural calamities can also impact the Bitcoin daily candle closing time. However, these events are not frequent enough to change it significantly.


One suggestion for traders looking to track Bitcoin’s candle close time is to monitor several cryptocurrency exchange platforms simultaneously. This will enable them to analyze data from different markets and arrive at accurate conclusions about when candles might close. Additionally, setting custom alerts for specific price points can help traders stay informed about how their trades are progressing without worrying unduly about the timing of daily candles.

Get ready to light up your trading game with these insights on Bitcoin’s daily candle close.

Understanding Bitcoin Trading Strategies Based on Daily Candle Close

Gain insights into the crypto market by understanding Bitcoin trading strategies based on daily candle close. Analyze patterns and develop your strategies. This will help you improve your success rate in trading. Strategies based on Bitcoin daily candle close patterns are key!

Understanding Bitcoin Trading Strategies Based on Daily Candle Close-when does bitcoin daily candle close,

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Analysis of bitcoin daily candle close patterns

Investigating the Bitcoin daily candle close reveals important insights into trading strategies. To understand these patterns, we can analyze the data in a table format that covers various aspects such as price movement, volume, and volatility. By examining this information, traders can make informed decisions about when to enter or exit positions.

Data analyzed from previous years indicates that there are specific time frames in which the Bitcoin daily candle usually closes. The closing times differ based on exchange location and time zone; therefore traders need to be careful when using this strategy across different exchanges. Nevertheless, understanding this pattern may help inform decision-making for those who engage in day-trading.

It is widely known within professional financial communities that the close of the daily candle offers valuable information to investors regarding market trends and movements. This knowledge has gained significant popularity among cryptocurrency traders due to its high volatility nature.

A true fact shared by Coindesk shows that “Bitcoin hit a new all-time high of over $64,000 in April 2021.” Such facts highlight the dynamic shifts within cryptocurrency markets and emphasize why understanding analysis techniques such as daily candlestick patterns is crucial for making informed investment decisions.

Get ready to read the tea leaves of bitcoin trading with these candle close patterns.

Trading Strategies based on bitcoin daily candle close patterns

For successful Bitcoin trading, analyzing daily candle close patterns is crucial in determining price trends. Understanding Trading Strategies based on these patterns can yield high-profit margins and minimize losses.

Below is a table highlighting some of the Trading Strategies based on bitcoin daily candle close patterns and their corresponding indications:

Bullish Pin BarReversal Trend
Bearish Pin BarReversal Trend
Inside Bar PatternContinuation or Reversal Trend
Outside Bar PatternContinuation or Reversal Trend

It’s important to note that although these strategies are useful, they are not absolute. Other factors such as news events and global market trends also affect Bitcoin prices.

One unique detail to understand when using these strategies is that they heavily rely on technical analysis which requires a robust understanding of chart reading skills.

A true fact worth mentioning from investopedia.com states that “Bitcoin’s value has increased by 336% over the last year (as of June 2021),” showcasing its potential profitability for traders who utilize effective strategies like those discussed above.

Five Facts About When Does Bitcoin Daily Candle Close:

  • ✅ Bitcoin daily candle closes at 00:00 UTC. (Source: TradingView)
  • ✅ The daily candle reflects the price movement of Bitcoin over a 24-hour period. (Source: Coinbase)
  • ✅ Traders and investors use the daily candle to analyze trends and make trading decisions. (Source: Investopedia)
  • ✅ The close of the daily candle is important to determine the price range for the next day. (Source: CoinMarketCap)
  • ✅ The daily candle price can impact the long-term trends of Bitcoin. (Source: Cryptopolitan)

FAQs about When Does Bitcoin Daily Candle Close

When does Bitcoin daily candle close?

The closing time for a Bitcoin daily candle depends on the time zone you are in. The majority of Bitcoin exchanges follow the Coordinated Universal Time (UTC) which means the daily candle closes at 00:00 UTC.

What happens at Bitcoin daily candle close?

At the daily candle close, the exchange converts the trading data for the day into a candlestick chart. This chart displays the open, high, low and close prices of Bitcoin for the day.

Why is Bitcoin daily candle close important?

The daily candle close is important because it gives an idea of how the market has performed throughout the day. Traders use the daily candle to analyze price movements and make informed decisions regarding buying and selling Bitcoin.

Can different exchanges have different daily candle closes?

Yes, different exchanges can have different daily candle closes depending on their time zone. Some exchanges also use their own custom time zone, which can lead to discrepancies in their daily candle close time.

How can I check the Bitcoin daily candle close time for my exchange?

You can check the daily candle close time for your exchange by visiting their website or contacting their customer support. You can also find this information on third-party websites that track exchange data.

What happens if I miss the Bitcoin daily candle close?

If you miss the daily candle close, it is not a major issue, as the next daily candle will begin immediately. However, it is important to keep track of the daily candle close times to stay updated on market performance.

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