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What are the differences between tick charts and time-based charts in cryptocurrency analysis?

avatarAmbeDec 25, 2021 · 3 years ago1 answers

Can you explain the key differences between tick charts and time-based charts when it comes to analyzing cryptocurrencies? How do these two types of charts affect the analysis process and the insights we can gain from them?

What are the differences between tick charts and time-based charts in cryptocurrency analysis?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    Tick charts and time-based charts are two different approaches to analyzing cryptocurrency price movements. Tick charts focus on the number of trades executed, providing a more detailed view of price changes. This can be useful for identifying short-term trends and making quick trading decisions. On the other hand, time-based charts display price changes over a specific time period, such as minutes or hours. This allows for a broader view of price trends and can help identify long-term patterns and market trends. Both types of charts have their merits, and it's important to consider your trading strategy and goals when choosing which one to use.