What are the most commonly used timeframe charts by professional cryptocurrency traders?

3 answers

• MalinadeJul 09, 2023 · 2 years ago
  Professional cryptocurrency traders often rely on a combination of different timeframe charts to analyze the market. The most commonly used timeframe charts include the 1-minute, 5-minute, 15-minute, 1-hour, and 4-hour charts. These charts provide traders with different levels of granularity and allow them to identify short-term and long-term trends. By analyzing multiple timeframe charts, traders can gain a comprehensive understanding of the market and make informed trading decisions.
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• Qing ChenAug 23, 2021 · 4 years ago
  When it comes to timeframe charts, professional cryptocurrency traders have their preferences. Some traders prefer shorter timeframe charts like the 1-minute or 5-minute charts, as they provide more detailed and real-time information. On the other hand, some traders prefer longer timeframe charts like the 1-hour or 4-hour charts, as they provide a broader perspective and help identify major trends. Ultimately, the choice of timeframe charts depends on the trader's trading strategy and preferences.
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• Kjeldsen BoesenApr 26, 2021 · 4 years ago
  According to a study conducted by BYDFi, a popular cryptocurrency exchange, the most commonly used timeframe charts by professional cryptocurrency traders are the 1-hour and 4-hour charts. These charts provide a good balance between short-term and long-term analysis and are widely used by traders to identify trends and make trading decisions. However, it's important to note that different traders may have different preferences and there is no one-size-fits-all approach when it comes to timeframe charts.
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