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Are there any timeframes in the cryptocurrency industry that use 90,000 minutes as a unit of measurement?

avatarNielsNov 26, 2021 · 3 years ago3 answers

Is there any specific timeframe in the cryptocurrency industry that utilizes 90,000 minutes as a unit of measurement? I'm curious to know if there are any time intervals or charts that consider this particular duration.

Are there any timeframes in the cryptocurrency industry that use 90,000 minutes as a unit of measurement?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Yes, there are timeframes in the cryptocurrency industry that use 90,000 minutes as a unit of measurement. This timeframe is equivalent to 62.5 days or approximately two months. It is commonly used in technical analysis to evaluate price movements and identify trends. Traders and analysts often use different timeframes, such as minutes, hours, days, weeks, or months, depending on their trading strategies and preferences. The 90,000-minute timeframe provides a medium-term perspective and can be useful for identifying longer-term trends.
  • avatarNov 26, 2021 · 3 years ago
    90,000 minutes may not be a commonly used timeframe in the cryptocurrency industry, but it can still be utilized by traders and analysts who prefer a longer-term perspective. While shorter timeframes like minutes or hours are more common for day traders, longer timeframes like 90,000 minutes can be useful for swing traders or investors who want to analyze price movements over a couple of months. It's important to note that the choice of timeframe depends on individual trading strategies and preferences.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers timeframes that use 90,000 minutes as a unit of measurement. These timeframes are designed to cater to traders who prefer a medium-term perspective when analyzing price movements. By utilizing the 90,000-minute timeframe, traders can identify trends and make informed trading decisions. However, it's worth mentioning that other exchanges may also offer similar timeframes, so it's always a good idea to explore different platforms and choose the one that best suits your trading needs.