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The concept of time frame is one of the basic concepts in the analysis of cryptocurrency price swings. Any user who intends to profit from cryptocurrency price changes needs to choose a suitable time frame for this and pay attention to it. Time frames range from short-term time frames such as one hour or several hours to long-term time frames such as months or even years. By choosing each time frame, candlestick charts of cryptocurrency also change and help us to observe the price swings well and analyze the price trend in swings.
The short-term time frame is often used to analyze swings in daily; The medium-term time frame is used for more reassuring volatility and the long-term time frame is used to have a long-term view of the market and price trends. By choosing the right time frame, you can plan the best buying and selling strategies based on the price swings of each cryptocurrency.
The concept of “swing trading” is one of the popular strategies in the digital currency market. In this strategy, traders focus on checking price changes in a specific and limited time frame; And their goal is to profit from cryptocurrency price swings in that time period.
The time frames in the swing are usually chosen from daily to weekly.
Oscillation traders predict price changes in this time period using various tools including technical analysis and indicators and trade the desired cryptocurrency at the available buy and sell points. Swing traders use a variety of analytical tools, including indicators and candlestick patterns, to achieve profit from this strategy. Since the results of strong and reliable trends are usually determined in the long term, medium to long-term time frames are used to execute this strategy. Daily time frames are used less often in this strategy, but depending on the strategy used, different time frames may be used.
Hodel is a trading method in the digital currency market where the trader buys some digital currency and then holds it in the wallets for a long period of time regardless of short-term volatility or negative or positive fundamental news and market sentiment. The goal of this method is to earn profit in the long term.
On the other hand, in swing trading, attention is paid to swings in short periods of time. Traders try to get buy and sell signals by choosing the best time frame to fluctuate and analyzing the price trend in that time frame.
The best time frame for swing depends on the type of strategy and the strength or weakness of the price trend. For example, medium-term time frames of one month are a more reliable time frame for strong price trends. For this reason, it is not possible to determine a specific time frame as the most suitable time frame for all traders, and this choice depends on the belief and experience of each person.
According to your personality and feelings, how much ability do you have to sit at the computer and wait for the result? Paying attention to personal characteristics and individual reactions to market changes is very important. To choose the best time frame to swing, you need to consider whether your personality is more compatible with time frames that are shorter and have more risk or vice versa. For example, short-term time frames with higher risk are not recommended for sensitive oscillators.
Knowing what you are swinging for will help you a lot to choose the best time frame to swing. You may fluctuate with the aim of gaining profit in a short period of time; Or maybe you want to take a long-term view of volatility and delay your profits.
It is important to know that choosing shorter time frames increases the probability of making more profit. Of course, in choosing short time frames, you must use technical analysis correctly and be able to reach accurate signals for buying and selling using indicators. In this way, short-term time frames can bring you more profit and are considered as a suitable time frame for swinging.
In general, the time frames used by most oscillators include 15-minute, 4-hour, or daily time frames. One of the reasons for this choice is the presence of a large amount of data in each time frame, which helps oscillators to have a more accurate analysis; Therefore, one of the characteristics of the best time frame for swing is its popularity among traders.
