Which time frame chart is most commonly used by professional cryptocurrency traders?

3 answers

• Jan 12, 2022 · 3 years ago
  Professional cryptocurrency traders typically use the daily time frame chart. This allows them to analyze the price movements and trends over a longer period of time, which can help them make more informed trading decisions. The daily chart provides a broader perspective and helps traders identify key support and resistance levels. It also allows them to spot longer-term trends and patterns that may not be as visible on shorter time frames. Overall, the daily time frame chart is considered the most commonly used by professional cryptocurrency traders.
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• Jan 12, 2022 · 3 years ago
  When it comes to time frame charts, professional cryptocurrency traders often prefer the 4-hour chart. This time frame provides a good balance between short-term and long-term analysis. It allows traders to capture shorter-term price movements and identify potential entry and exit points. The 4-hour chart also helps traders spot key support and resistance levels, as well as important trend lines. It's a popular choice among professionals because it provides enough detail without overwhelming them with too much noise from shorter time frames.
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• Jan 12, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the 1-hour time frame chart for professional cryptocurrency trading. This time frame allows traders to capture short-term price movements and identify potential trading opportunities. The 1-hour chart provides a good balance between short-term analysis and avoiding excessive noise from shorter time frames. It's important to note that the choice of time frame chart may vary among professional traders, and it ultimately depends on their trading strategies and preferences.
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