What are the recommended time frames for long-term cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  For long-term cryptocurrency trading, it is recommended to use higher time frames such as daily, weekly, or even monthly charts. These time frames provide a broader perspective of the market trends and help filter out the noise of short-term price fluctuations. By focusing on longer time frames, you can identify and capitalize on major trends in the cryptocurrency market.
  374187
• Nov 26, 2021 · 3 years ago
  When it comes to long-term cryptocurrency trading, it's all about patience and a big-picture view. I would suggest using weekly and monthly time frames to analyze the market trends and make informed decisions. This allows you to ride the major trends and avoid getting caught up in the daily market noise. Remember, long-term trading requires a different mindset compared to short-term trading.
  394132
• Nov 26, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, long-term cryptocurrency traders should primarily focus on the weekly and monthly time frames. These time frames provide a more reliable and accurate representation of the market trends, allowing traders to make well-informed decisions. By analyzing the long-term charts, you can identify key support and resistance levels, as well as major trends, which are crucial for successful long-term trading strategies.
  466117