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Issue 32 – Gain an Edge Using the Daily Close


There’s nothing quite like watching a volatile market move on a 5-minute chart. It’s exhilarating and makes even the beginner feel like a professional trader.

The daily time frame, on the other hand, is boring. It’s slow to develop and doesn’t offer as many setups.

But what if I told you that boring is good. It allows you to slow down, destress, and make the most of every decision.

In today’s issue, I’ll share with you why the daily time frame matters and how you can use it to become a more profitable trader and investor. We’ll then finish up with a few charts.

Let’s start!

Why the Daily Close Matters

The daily close is critical in any market. Everything from stocks to currencies to cryptos has its own daily closing time, and each one is significant.

For the crypto market, the daily close occurs at 8 pm EST. You can use the countdown at dailyclose.com as a cheat sheet for daily, weekly, and monthly closing times.

Now, you may be thinking, “what is he talking about? Cryptos never close!”.

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Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

Bybit - My preferred exchange for trading crypto. Over 100 tradable assets, super competitive spreads, and the best mobile trading platform I've ever used. Use the link below to receive up to $4,000 USD in bonuses. Limited time offer! Note: US clients must use a VPN.

iTrustCapital - Where I invest in crypto for my retirement account. These are self-directed IRAs where you can invest in dozens of crypto assets and even gold and silver. Right now they're offering $100 in BTC when you fund an account with at least $1,000. Use the link below to claim this offer. 

TraderSync- The crypto trading journal I use and trust. Enter trades manually or import from dozens of brokers/exchanges, including Bybit! Track your win rate, average return, profit factor and identify mistakes to improve your trading. 

Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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