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 timeframe used to check trend.

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

If the long term bitcoin trend direction supports the direction of the smaller bitcoin timeframe 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 will eventually save you. Also if you trade with the direction of bitcoin crypto currency trend, then mostly you will 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 best 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 illustrated and shown below.

Examples of how each type of Bitcoin Crypto Currency trader uses multiple BTCUSD Crypto Currency Chart Time-frames analysis trade strategy:

BTC USD Crypto Scalpers

Scalpers 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 profit, 5 pips to 15 pips.

A Scalper using 1 minute btcusd crypto chart time frame wants to open long, checks five minutes bitcoin crypto currency chart, that 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 Timeframe for Scalping Bitcoin - Best Chart Timeframe for Intra-day Trading - Best Chart Timeframe for Intraday Trading BTC

Best Chart Timeframe for Scalping Crypto

Best Chart Timeframe for Day Trading Bitcoin Crypto

Day bitcoin crypto currency 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, that looks like the one below, since 1 hour shows bitcoin trend is heading up, then decides from the trading analysis it's okay to buy

Best Chart Timeframe for Day Trading Bitcoin Crypto - Best Timeframe for Scalping BTCUSD Crypto

Best Chart Timeframe for Day Trading - Best Chart Timeframe for Intraday Trading 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 crypto currency chart time frame wants to open short, checks 4 hour bitcoin crypto chart, that looks like the example illustrated 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 Timeframe for Swing Bitcoin Crypto - Best Chart Timeframe for Intraday Trading BTCUSD Crypto

Best Chart Timeframe for Swing Trading - Best Chart Timeframe for Swing Trading Crypto

Position BTCUSD Crypto Traders

Position btcusd crypto traders are 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 currency chart, week resembles 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 Timeframe for Positional Trading Bitcoin

Best Chart Timeframe for Positional Crypto

How to Define A Bitcoin Crypto Currency Trend

Using a system that has Three btcusd crypto indicators - MAs Cross Over System, RSI Cryptocurrency Indicator and MACD Cryptocurrency Indicator - and uses simple rules to define the market trend. The rules are:

Upwards Bitcoin Crypto Currency Trend

Both Moving Averages Moving Up

RSI BTCUSD Crypto Indicator Above 50

MACD Bitcoin Indicator Above Center-Line

Downwards BTCUSD Crypto Trend

Both MAs Moving Down

RSI Bitcoin Crypto Currency Indicator Below 50

MACD Bitcoin Indicator Below Centerline

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