How do the 4 hour candle close times affect cryptocurrency price movements?

3 answers

• Mar 22, 2022 · 3 years ago
  Yes, the closing time of 4-hour candlesticks can have an impact on cryptocurrency price movements. The closing price of a candlestick represents the final price at which the cryptocurrency traded during that time period. Traders and investors often use candlestick patterns and closing prices to make trading decisions. Therefore, if the closing time of the 4-hour candlestick aligns with important market events or trading patterns, it can influence the buying and selling decisions of market participants, which in turn can affect the price of cryptocurrencies.
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• Mar 22, 2022 · 3 years ago
  Definitely! The closing time of 4-hour candlesticks is an important factor that traders and investors consider when analyzing cryptocurrency price movements. It provides them with valuable information about the market sentiment and the strength of buying or selling pressure. For example, if a 4-hour candlestick closes near its high, it indicates that buyers were in control during that time period. On the other hand, if it closes near its low, it suggests that sellers dominated the market. By studying the closing times of candlesticks, traders can gain insights into the supply and demand dynamics of cryptocurrencies and make more informed trading decisions.
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• Mar 22, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can confirm that the closing time of 4-hour candlesticks does play a role in influencing cryptocurrency price movements. At BYDFi, we have observed that certain price patterns tend to occur around the closing time of candlesticks. This may be due to the fact that many traders use the 4-hour timeframe for their analysis and decision-making. However, it's important to note that candlestick patterns and closing times are just one of many factors that can impact cryptocurrency prices. Market sentiment, news events, and overall market trends also play a significant role in determining price movements.
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