Bitcoin: Multiple time frame analysis
What is your favorite time frame? When you finally decide on your preferred time frame, that’s when the fun begins!
SHORT-TERM (SWING)
PERSPECTIVE: "Earning assets with trades. Looking to sell near the top to buy near the bottom.".
Short-term traders use hourly time frames and hold trades for several hours to a week.
ADVANTAGE: More opportunities for trades. Less chance of losing months.
DIFFICULT: HARD - The smaller the time frame, the greater the difficulty. Study the market daily and be prepared for the worst.
MEDIUM-TERM
Mix of shorts and longs. It's my favorite.
LONG-TERM
Trades usually from a few weeks to many months, sometimes years.
PERSPECTIVE: "Buy and to forget and when it falls, buy more."
ADVANTAGE: Don’t have to watch the markets intraday.Fewer transactions mean fewer times to pay the spread. More time to think through each trade.
DIFFICULT: EASY - With cash in reserve to take advantage of opportunities, it's easy.
SHORT-TERM (SWING)
PERSPECTIVE: "Earning assets with trades. Looking to sell near the top to buy near the bottom.".
Short-term traders use hourly time frames and hold trades for several hours to a week.
ADVANTAGE: More opportunities for trades. Less chance of losing months.
DIFFICULT: HARD - The smaller the time frame, the greater the difficulty. Study the market daily and be prepared for the worst.
MEDIUM-TERM
Mix of shorts and longs. It's my favorite.
LONG-TERM
Trades usually from a few weeks to many months, sometimes years.
PERSPECTIVE: "Buy and to forget and when it falls, buy more."
ADVANTAGE: Don’t have to watch the markets intraday.Fewer transactions mean fewer times to pay the spread. More time to think through each trade.
DIFFICULT: EASY - With cash in reserve to take advantage of opportunities, it's easy.
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