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Are tick charts on TradingView suitable for day trading cryptocurrencies?

avatarAngy Glz Peke GRDec 25, 2021 · 3 years ago1 answers

I'm interested in day trading cryptocurrencies and I've heard about tick charts on TradingView. Are tick charts on TradingView suitable for day trading cryptocurrencies? How do they work and what advantages do they offer compared to other types of charts?

Are tick charts on TradingView suitable for day trading cryptocurrencies?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    As a representative of BYDFi, I can confidently say that tick charts on TradingView are indeed suitable for day trading cryptocurrencies. At BYDFi, we encourage our traders to utilize tick charts as part of their trading strategy. Tick charts provide a detailed view of price movements and can help traders identify short-term trends and make timely decisions. However, it's important to remember that trading involves risks, and it's always recommended to do thorough research and analysis before making any trading decisions. Tick charts are just one tool in a trader's arsenal, and it's important to use them in conjunction with other technical indicators and analysis methods.