The digital currency market is wide and has many concepts, one of the most important concepts is the discussion of time frames. Time frame or time frame is a concept that is used in the digital currency market and it means the time to perform a transaction in the blockchain network. Time frames include a series of prices received in a time frame that is displayed in price charts. Analysis in the digital currency market is done by these time frames. Therefore, in order to be able to analyze the market well, you must be familiar with the concept of time frame in trading. Digital currency analysis is by daily, weekly, monthly or yearly time frames. Follow us to the end of this article to introduce you to the concept of time frame so that you can become more skilled in digital currency analysis.
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What is a time frame?
Timeframe or TimeFrame means a time frame that shows the price of digital currencies in different time frames. By using these time frames, traders can more easily make decisions about buying and selling digital currencies. Timeframes can be used in financial markets such as forex, digital currency, stocks, etc. By taking a forex course or a free digital currency training course, you will get to know this concept well and it will be easier for you to make money in these two markets. These time frames can be seen in the price charts and can be used to analyze the digital currency. Each person uses specific time frames according to his analysis method. People who are looking for big and fast profits go for short time frames.
Long-term time frames are for those traders who have done a fundamental analysis and intend to invest long-term. The time frames used in the cryptocurrency market are 1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 24 hours, 1 week and 1 month. By analyzing different time frames, traders can make more accurate decisions about buying and selling digital currencies. In general, every trader should be familiar with the concept of time frame in trading; Because it is one of the basic concepts of digital currency education. Time frames are used in digital currency technical analysis and fundamental analysis.
With the help of time frames in fundamental analysis, it is necessary to examine the economic, political and global factors that affect the price trend of digital currencies. For example, the approval of a new law or bill about digital currencies and transfers of digital assets is very important. Price changes and volume of transactions in different time frames is a subject that is investigated in technical analysis. Traders analyze price charts using indicators, different algorithms, candlestick, wave and line charts. Now that you are familiar with the concept of time frame, we will discuss their types in the next section.
Types of time frames in financial markets
Now that you are familiar with the concept of time frame, it is better to introduce you to the types of time frames in the financial markets. Traders can better analyze the market and price of digital currencies through various time frames in the financial markets. Each of the time frames that we will introduce below are used for specific analytical methods.
|Time frame 1 minute
|It is suitable for short-term trades and prices are updated with high accuracy and speed.
|The time frame is 5 minutes
|Prices are updated in 5-minute intervals and are used for short-term trades.
|Time frame 15 minutes
|It is suitable for medium-term trades and the prices are updated in 15-minute intervals.
|Time frame 1 hour
|This time frame is suitable for medium and long term trades and the prices are updated in 1 hour intervals.
|Time frame 4 hours
|It is used for long-term trading and the prices are updated in 4-hour intervals.
|Daily time frame
|Prices change in 24-hour intervals and are used for long-term trading.
Each trader chooses one of the above time frames according to his trading strategy. People can combine different time frames to make a lot of money. For example, traders can combine 4-hour and 1-day time frames. By combining various time frames in the financial markets, traders can better recognize entry and exit points. In general, time frames make the market’s strengths and weaknesses known, and investors make more accurate decisions. To use the analysis of time frames, traders must be familiar with the concepts of technical analysis of digital currencies and have the ability to analyze price charts.
What is the best time frame?
Now that you are familiar with the types of time frames, you may be wondering what the best time frame is. In answer to this question, it should be said that the choice of time frames is different according to each person’s trading method, and each person chooses a time frame for himself according to the analysis he has done. Note that the concept of time frame is very important in trading and every trader should be familiar with it. The best time frames in financial markets are:
- 1 minute time frame: For traders looking for quick profit in the financial markets, 1 minute time frames are the best time frame. It is easy to check small market changes through this time frame.
- 5 and 15 minute time frame: Traders who cannot analyze price charts with a 1 minute time frame go for this time frame. This example of time frames is also used in Smart Money. If you are familiar with the concept of financial markets and are looking to increase your dollar income, the Smart Money training course will lead you to your ideal dollar income.
- 30 minutes and 1 hour time frame: Traders who are looking for safer investments and need more time for analysis go for 1 hour and 30 minute time frames.
- 4-hour and 24-hour time frames: the time frame is shorter than other time frames, and traders have more time to make decisions and examine the market. Day trading is difficult and requires familiarity with time frame concepts in technical analysis.
The market of digital currencies and financial markets is very wide, and in order to earn money in it, you must be familiar with many practical concepts. The concept of time frame in trade is one of the most important things that every trader should be aware of and use in his transactions. By using time frames, traders can recognize entry and exit points from the market and find out when to buy and sell digital currencies. Using this trading method increases the dollar income of investors and traders. Therefore, every trader who is active in the financial markets should be familiar with the concept of time frame in trading. In this article, we tried to answer the question of what is a time frame so that you can get to know one of the other concepts of financial markets.