What are the recommended time frames for analyzing cryptocurrency charts?

1 answers

• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of different time frames when analyzing cryptocurrency charts. This allows you to get a more complete picture of the market and make more informed trading decisions. For example, you might start by looking at the daily chart to identify long-term trends and major support and resistance levels. Then, you can zoom in to the 4-hour or 1-hour chart to fine-tune your entry and exit points. By using multiple time frames, you can better understand the overall market context while still being able to take advantage of shorter-term trading opportunities. Remember, the key is to find a balance that works for you and your trading style.
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