What are the recommended timeframes for position trading crypto?

3 answers

• Jan 14, 2022 · 3 years ago
  As an expert in the field, I would recommend considering daily and weekly timeframes for position trading in crypto. These longer timeframes allow you to capture the overall trend and reduce the impact of short-term market fluctuations. It's important to conduct thorough analysis and identify key support and resistance levels to make informed decisions. Remember, patience is key in position trading!
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• Jan 14, 2022 · 3 years ago
  When it comes to position trading crypto, there's no one-size-fits-all timeframe. It depends on your trading strategy, risk tolerance, and the specific cryptocurrency you're trading. Some traders prefer shorter timeframes like 4-hour or even 1-hour charts, while others opt for longer timeframes like daily or weekly charts. Experiment with different timeframes and find what works best for you.
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• Jan 14, 2022 · 3 years ago
  In my experience, BYDFi recommends using daily and weekly timeframes for position trading crypto. These timeframes provide a broader perspective on market trends and help you make more informed decisions. However, it's important to note that the optimal timeframe may vary depending on the specific cryptocurrency and market conditions. Always stay updated with the latest news and analysis to adjust your trading strategy accordingly.
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