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IMPORTANT CRYPTO MARKET SESSION ( GMT+7, WIB)
1. Open Daily Candle (WIB)
opens at 7 AM WIB, this is important because it marks the start of the daily market reset.. technically, confirmation on the daily chart is quite strong, suitable for intraday up to scalping levels, so this is indeed an important part..
Many traders wait until 7 AM to update ( including myself)
This is called the "RESET MARKET"
meaning the market resets here, ALL NOISE formed will start to be cleaned,
Example: previously there was a fake dump on the smaller timeframe before the daily close, and at the daily open, it usually really dumps ( rebalancing all noise)
No wonder many rise for a day, fall a few minutes after the daily reset..
2. OPEN ASIAN (around 06:00 - 14:00 WIB )
Asian open is quite close to the daily open, a difference of 1 hour » usually we assume Asian open = daily open for easier calculation
Between 06:00-14:00, there is a midpoint at 11:00 WIB
This part at 11:00 WIB is also sometimes important because it marks the 'half-session' of Asian open, also the OPEN CANDLE 4H ( first 4-hour candle formed that day) —> remember the 7 AM WIB daily open » 11:00 WIB Open 4H candle
3. LONDON SESSION: around 14:00-22:00 WIB
This is usually COUNTER to Asia, but not always
Some things that don't appear in the ASIA session can appear here, EXAMPLE:
Morning analysis: rising wedge » expected drop ( technically)
In the Asian session: PRICE RISES ( manipulated)
In the LONDON SESSION: PRICE NEWLY DROPS ( counter from Asia)
4. US SESSION ( this is the most important from 19:00 until dawn WIB)
Honestly, this is when many Indonesians get liquidated while sleeping, because the night hours here are crucial in the global context
This is the CLOSING session, usually the highest volume
compared to US and EUR/LONDON sessions
—
These times are the regular market open-close hours, NOT AND HAVE NOT INCLUDED CPI HOURS, NEWS RELEASE HOURS, ETC.