What is the significance of 90,000 minutes in days when it comes to cryptocurrency market analysis?

3 answers

• Dec 17, 2021 · 3 years ago
  The significance of 90,000 minutes in days when it comes to cryptocurrency market analysis lies in the ability to observe short-term price movements. By converting the time frame to days, analysts can gain insights into daily trends and patterns. This allows them to identify potential buying or selling opportunities based on the market's behavior within a specific day. It provides a more granular view of the market and helps traders make informed decisions.
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• Dec 17, 2021 · 3 years ago
  90,000 minutes is equivalent to approximately 62.5 days. This time frame is often used in cryptocurrency market analysis to capture medium-term trends. It provides a balance between short-term fluctuations and long-term trends. By analyzing price movements within this timeframe, analysts can identify trends that may not be apparent in shorter timeframes. It helps in understanding the overall market sentiment and can be useful for traders who prefer a medium-term trading strategy.
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• Dec 17, 2021 · 3 years ago
  When it comes to cryptocurrency market analysis, 90,000 minutes (or 62.5 days) is an important timeframe to consider. It allows for a comprehensive analysis of price movements, enabling traders to identify key support and resistance levels. This timeframe is particularly relevant for swing traders who aim to capture short to medium-term price swings. By analyzing the market within this timeframe, traders can make more accurate predictions and improve their trading strategies. At BYDFi, we also use this timeframe to analyze market trends and provide valuable insights to our users.
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