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TagsWhat are some recommended tick chart settings for day trading in the cryptocurrency market?
Thakur Dilaawar SinghMar 16, 2022 · 3 years ago1 answersI'm new to day trading in the cryptocurrency market and I'm wondering what tick chart settings would be recommended for this type of trading. Can you provide some insights on the best tick chart settings to use for day trading cryptocurrencies?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends using tick chart settings that align with your trading strategy and goals. The tick interval can vary based on the cryptocurrency being traded and the desired level of detail. For day trading, shorter tick intervals, such as 1 or 2 minutes, are commonly used to capture short-term price movements. However, it's important to note that tick charts alone may not guarantee success in day trading. It's crucial to conduct thorough research, analyze market trends, and use other technical indicators in conjunction with tick charts to make informed trading decisions.Mar 16, 2022 · 3 years ago
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