How Do I Trade Bitcoin Price with Different Chart Time Frames?
Explanation of Different Bitcoin Chart Time Frames
Bitcoin traders using analysis use cryptocurrency charts to try and attempt to predict the movement of bitcoin price on the bitcoin charts.
Traders will sometimes use 2 or more chart time-frames so as to figure out the long-term bitcoin trend & short term cryptocurrency trend.
How to Define A Trend
Using a system that has Three indicators - MA Cross-over System, RSI & MACD & using simple rules to define the crypto trend. The Trading Rules Are:
Upward Crypto Trend
Both MAs Moving Averages Moving Up
RSI is above 50 Level
MACD Above Center-Line
Downwards BTCUSD Trend
Both MAs Moving Down
RSI below 50 Level
MACD Below Centerline
The bitcoin traders using different chart time-frames will need to testout various chart time frames so as to figure out the best chart time-frame for them to trade.
Multiple charts timeframes analysis equals using 2 time-frames to trade cryptocurrency trading - a shorter one used for trading and a longer one to check Bitcoin trend.
Since it is always good to follow the trend, in Multiple Chart Time-frame Analysis, longer time-frame gives us the direction of the longterm trend.
5 Minute Bitcoin Crypto Currency Timeframe
How Do You Trade Price with Different Time-frames?
1 Hour BTCUSD Time Frame
1 Hour Chart Time-frame - How Do I Trade Price with Different Time-frames?
4 Hour Bitcoin Timeframe
4 Hour Chart Time-frame - How Do I Trade Price with Different Time-frames?
Weekly CryptoCurrency Time Frame
Weekly Chart Time Frame - How Do I Trade Price with Different Time-frames?
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