How Do I Read Cryptocurrency Day Trading with Different Bitcoin Chart Time-frames?

How Do I Analyze Cryptocurrency Day Trading with Different Bitcoin Chart Time-frames?

Day BTCUSD Traders

This group of bitcoin day trader holds on to their cryptocurrency trades for a few hours but not more than a day. With the aim of making quite a number of pips: 30 - 100 pips.

Day bitcoin trader trading 15 minutes crypto chart time frame wants to go long, checks 1 hour crypto chart time frame, which looks like the one below, since 1 hour crypto chart time frame shows market trend is going up, then decides from this cryptocurrency chart technical analysis it's okay to buy.

5 Minute Day Crypto Strategy - 15 Minute Day Crypto Trading Strategy - Crypto 15 Min Day Crypto Trading Strategy

Bitcoin day trader traders using technical analysis use cryptocurrency charts to try & attempt to predict the movement of bitcoin trading price on the bitcoin charts.

Bitcoin Day traders will sometimes use two or more crypto chart time frames so as to determine the long term bitcoin trend & short term cryptocurrency trend.

Trading Bitcoin Define A Bitcoin Price Trend for Day Bitcoin Trading

Using a cryptocurrency trading system that has 3 cryptocurrency technical indicators - Moving Average Crossover Bitcoin Trading System, RSI Cryptocurrency Indicator & MACD Cryptocurrency Indicator & using simple bitcoin trading rules to define the cryptocurrency trend. The bitcoin trading rules are:

Upward Bitcoin Trend

Both Moving Averages Moving Up

RSI Bitcoin Indicator above 50

MACD Bitcoin Indicator Above Center line

Downward BTCUSD Trend

Both Moving Averages Moving Down

RSI Bitcoin Indicator below 50

MACD Bitcoin Indicator Below Center line

Multiple crypto charts time frames analysis equals using 2 crypto chart time frames to trade Crypto Instruments - a shorter crypto chart timeframe used for trading and a longer crypto chart time frame to check the Bitcoin trend - crypto chart time frames that you choose for trading bitcoin trading price action with will depend on the type of trader you are: for day traders the crypto chart time frames used for trading will be example of 15 minutes crypto chart time frame and 1 hour bitcoin trading chart time-frame.

Since it is always good to follow the bitcoin trend when bitcoin Day Trading, in Multiple Bitcoin Chart Timeframe Analysis, the longer 1 hour crypto chart timeframe gives us the direction of the long term bitcoin trend when Day Trading using the 15 Minute Bitcoin Chart Time-frame.

How Do I Analyze Cryptocurrency Day Trading with Different Bitcoin Chart Time Frames?