How Do You Trade Bitcoin Price with Different Chart Time Frames?
Example of Different Bitcoin Chart Timeframes
Bitcoin Crypto Currency 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 determine 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 and MACD and using simple rules to define the crypto trend. The rules are:
Upward Bitcoin Crypto Currency Trend
Both Moving Averages Moving Up
RSI above 50 Level
MACD Above Center-Line
Downwards BTCUSD Crypto Currency Trend
Both MAs Moving Down
RSI below 50 Level
MACD Below Centerline
The bitcoin traders using different chart timeframes will need to testout various chart time-frames so as to determine 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 timeframe gives us the direction of the longterm trend.
5 Minute Bitcoin Crypto Currency Timeframe
How Do I Trade Price with Different Time-frames?
1 H BTCUSD Crypto Currency Time Frame
1 H Chart Time Frame - How Do You Trade Price with Different Time-frames?
4 H Bitcoin Crypto Currency Timeframe
4 H Chart Time Frame - How Do You Trade Price with Different Time-frames?
Weekly Bitcoin Crypto Currency Time Frame
Weekly Chart Time Frame - How Do You Trade Price with Different Time-frames?
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