Multiple Time-Frame Bitcoin Analysis in Bitcoin Trading

Multiple time-frame bitcoin analysis equals using 2 bitcoin time-frames to trade bitcoin - a shorter bitcoin timeframe used for trading and a longer bitcoin time-frame used to check trend.

Since it is always good to follow the btcusd crypto trend when btcusd crypto trading, in Multiple Time-Frame BTC/USD Crypto Analysis, the longer btcusd crypto time-frame gives us the direction of the long-term trend.

If the long term bitcoin trend direction supports the direction of the smaller bitcoin time-frame then probability of opening a profitable bitcoin trading is greatly increased. This is because even if you make a mistake the long term btcusd crypto trend eventually will save you. Also if you trade with the direction of bitcoin crypto trend, then mostly you'll be on the winning side - this is what this Multiple Chart Time-frame bitcoin Technical Analysis is all about.

Remember there a popular saying by many btcusd crypto traders that says: "The btcusd crypto trend is your friend' - never go contra the bitcoin trend when trading.

There are 4 different types of bitcoin traders - all these various types of bitcoin traders use different bitcoin time-frames to trade as is illustrated & shown below.

Example illustrations of how each type of Bitcoin trader uses multiple BTCUSD CryptoCurrency Chart Time-frames analysis trade strategy:

BTC USD Crypto Scalpers

Scalper Traders hold onto their trades only for a couple of minutes. Scalper bitcoin crypto trader never holds onto a bitcoin crypto trade for more than 10 minute. With main objective of earning a small number of pips as trading profit, 5 pips to 15 pips.

A Scalper using 1 minute btcusd crypto chart time frame wants to open long, checks five minutes bitcoin chart, which looks like the one below, since 5 min show bitcoin trend is heading up, then decides from the technical analysis it's okay to buy.

Best Chart Time Frame for Scalping Bitcoin - Best Chart Time Frame for Intraday Trading - Best Chart Time Frame for Intraday Trade BTC

Best Chart Time Frame for Scalping Crypto

Best Chart Time Frame for Day Trading Bitcoin Crypto Currency

Day bitcoin cryptocurrency traders hold onto their open trade transactions for a couple of hours but not more than a day. With the objective of earning quite a number of pips profit: 30 - 60 pips.

CryptoCurrency day trader trading 15 minutes btcusd chart time frame wants to go long, checks 1 hour btcusd chart, which looks like the one below, since 1H indicates bitcoin trend is heading up, then decides from the trading analysis it's okay to buy

Best Chart Time Frame for Day Trading Crypto - Best Time Frame for Scalping BTCUSD Crypto

Best Chart Time Frame for Intraday Trading - Best Chart Time Frame for Intraday Trade Crypto

Swing Traders

Swing btcusd crypto traders hold onto their open trades for a couple of days to a week. With main objective of earning a big number of pips profit: 100 - 250 pips.

Swing trader using 1 H bitcoin chart time frame wants to open short, checks 4 H bitcoin crypto chart, that resembles the example shown below, since 4 hour highlights the btcusd crypto trend is heading down, then decides from the technical analysis it's okay to sell.

Best Chart Time Frame for Swing Bitcoin CryptoCurrency - Best Chart Time Frame for Intraday Trade BTCUSD Crypto

Best Chart Time Frame for Swing Trade - Best Chart Time Frame for Swing Trading Crypto

Position BTC USD Crypto Traders

Position btcusd crypto traders are online traders that hold onto their trades transactions for weeks or months. With main objective of earning a big number of pips profit: 300 - 800 pips.

Position btcusd crypto trader using the daily btcusd crypto chart time frame wants to open short, checks weekly bitcoin crypto chart, week looks like the one below, since weekly portrays the btcusd crypto trend is heading down, then decides from the technical analysis it's okay to sell.

Best Chart Time Frame for Positional Trading Bitcoin

Best Chart Time Frame for Positional Crypto

How to Define A Bitcoin Trend

Using a system that has Three btcusd crypto indicators - MAs Crossover Method, RSI CryptoCurrency Indicator and MACD Crypto Indicator - and uses simple trading rules to define the market trend. The Rules Are:

Upwards Bitcoin Trend

Both MAs Moving Up

RSI BTCUSD CryptoCurrency Indicator Above 50

MACD Bitcoin Indicator Above Center-Line

Downwards BTCUSD CryptoCurrency Trend

Both MAs Moving Down

RSI Bitcoin Crypto Currency Indicator Below 50

MACD Bitcoin Indicator Below Centerline

Study More Topics & Lessons:

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