Are there any recommended tick chart settings for day trading cryptocurrencies?
D Prashanth ReddySep 27, 2023 · 2 years ago1 answers
What are some recommended tick chart settings that can be used for day trading cryptocurrencies? I'm looking for specific settings that can help me make better trading decisions and maximize profits.
1 answers
- Farhah NadhilahAug 09, 2024 · 10 months agoAt BYDFi, we recommend using a tick chart with a range of 10-20 ticks per bar for day trading cryptocurrencies. This range allows traders to capture short-term price movements and make informed trading decisions. However, it's important to note that tick chart settings are not the only factor that determines success in day trading. Traders should also consider other factors such as market trends, volume, and indicators. It's recommended to experiment with different tick chart settings and analyze their impact on your trading performance.
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