Happy Smile (OP)
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January 16, 2018, 03:55:27 PM |
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What time frame do you use on using technical analysis?
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crypt0heaven
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January 16, 2018, 05:25:38 PM |
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What time frame do you use on using technical analysis?
For Bitcoin I used the weekly timeframe. One some alts daily, anything under that is just noise for me and I dont have time to deal with that sort of noise. |
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nl247
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January 16, 2018, 05:49:57 PM |
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Daily time frame works for me coupled with some indicators to know my point of entry and exit on a trade. It does not really matter the time frame, as that depends on your style of trading, but for long term, 4h and above time frame is good enough unless you want to day trade.
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Crytptohack
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HodL!
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January 16, 2018, 05:58:43 PM |
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it depends on the type of trader you are. Day trader are typically looking at the shorter time frames like a 5 minute chart.
A swing trader may look at a 4 hour chart. The hold for a swing trade is 3 days to a week...
Position trade will most likely look at the daily chart. Holding for over a month...
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iarkusha
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January 16, 2018, 06:26:23 PM |
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It depends of different things. 1) How big you want to catch? 2) How long you want to be in the market? When the big news are coming? etc
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kolega
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January 16, 2018, 07:53:19 PM |
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For more accurate technical analysis need to watch multiple time frames, daily, six-hour, hour, thirty minute. Then the analysis will be more complete and accurate
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Happy Smile (OP)
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January 17, 2018, 01:01:49 AM |
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Thank you for your insights. 😀
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nc50lc
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January 17, 2018, 05:08:00 AM |
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You can't find anything but close to nothing in Time frames as a basement for Technical Analysis when it comes to Cryptocurrency exchanges.
These are not the Stock Market or the Forex Exchange.
I will tell you what I'm doing to get a "hunch" on when to buy or sell.
But take note that the exchanges available are not bound by regulations or strict rules making it a haven for whales and P&D groups.
The trick is, you must be updated with the news or forums and their movements, not by analyzing the time frame.
With time frames, you can only see the current and past behavior of the coin.
Always check the YTD Time frame for the behavior analisis and Daily Time Frame for the cue to "look for news".
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boboking
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January 17, 2018, 05:26:24 AM |
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What time frame do you use on using technical analysis?
Usually i use the daily and 4 hour time frame it suits my trading strategy, i know some people who use 1 hour to 1 minute as they do multiple trades in a day. If you can mention your trading strategy then perhaps people can able to give you an advise on what is the best time frame to use. |
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palle11
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January 17, 2018, 06:31:45 AM |
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I'm more of an hour type and by extension, four hours. Bitcoin is highly volatile and to me staying in the market for long is a bit risky.  Meanwhile, patience is always key to what ever time adopted. Therefore, it is better to stay outside when you are not certain of going in rather than jumping in and not being able to take profit . |
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Herbert2020
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January 17, 2018, 06:49:21 AM |
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i am not a fan of technical analysis in general even for bitcoin and i believe it is absolutely useless in altcoins.
in any case i still use it!
time frame i am using is weekly with 1-6 hour steps for bitcoin. because i find it more suitable for the kind of movements that bitcoin has which are most of the times slower to a 1 hour step.
and daily with 1 hour (or even smaller if the platform allows) steps for altcoins. because what i see is that altcoins move within a short period of time, sometimes it only takes a small amount of time (less than 2 hours for example) to get pumped and reach the top. and this is one of the reasons i believe TA is useless for them.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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bevpfb
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January 17, 2018, 07:34:35 AM |
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I think trading bit or alt coins is very different than normal trading with currencies, dollars, euro or something else. With Crypto coins you must have a look at news, ever. The news are the way to trading bitcoins. Timeframe is important but less important then normal. Anyway I take a look to dailiy and weekly timeframe
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yukinohana.htn
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January 17, 2018, 07:36:24 AM |
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I think it'll depend on your trading plan, short or long term. I normally use 30m for short and 2days for long on Binance!
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ladner
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January 27, 2018, 04:06:06 AM |
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What time frame do you use on using technical analysis?
I believe that if you are serious about your work then you spend all your time doing it. When starting up my career, I did my best not to notice anything other than work. I just let myself 5h to sleep, trying to work too many days I can not. At the beginning I was really busy, so far I was able to get myself a little rest after achieving my goals and goals. What about you ? |
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vk279
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January 27, 2018, 04:20:58 AM |
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it depends on the type of trader you are. Day trader are typically looking at the shorter time frames like a 5 minute chart.
A swing trader may look at a 4 hour chart. The hold for a swing trade is 3 days to a week...
Position trade will most likely look at the daily chart. Holding for over a month...
This is the best answer. I would like to add that I even look at tick, 1 minute and 3 minute charts when I am daytraing. |
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