Which charting method, candles or Heiken Ashi, is more commonly used by professional cryptocurrency traders?

3 answers

• amarosApr 06, 2022 · 3 years ago
  Professional cryptocurrency traders commonly use both charting methods, candles and Heiken Ashi, depending on their trading strategies and preferences. Candles provide a detailed view of price movements, including open, high, low, and close prices. They are widely used for technical analysis and offer a wealth of information for traders. On the other hand, Heiken Ashi charts smooth out price fluctuations and provide a clearer trend direction. They are popular among traders who focus on trend analysis and want to filter out noise. Ultimately, the choice between candles and Heiken Ashi depends on the trader's individual trading style and goals.
  650

  325
• Abdelrahman MohamedAug 09, 2020 · 5 years ago
  In my experience as a professional cryptocurrency trader, I have found candles to be more commonly used. Candles provide a comprehensive view of price action and are widely supported by trading platforms and charting software. They allow traders to analyze patterns, identify support and resistance levels, and make informed trading decisions. However, Heiken Ashi charts can also be useful in certain situations. They can help traders identify trends more easily and avoid false signals. It's important for traders to experiment with both methods and determine which one works best for their trading strategies.
  612

  204
• TetheugasMar 10, 2021 · 4 years ago
  As an expert at BYDFi, I can say that both candles and Heiken Ashi charts are commonly used by professional cryptocurrency traders. Candles offer a detailed view of price movements and are favored by traders who rely on technical analysis. Heiken Ashi charts, on the other hand, provide a smoother representation of price trends and are popular among traders who focus on trend analysis. Both methods have their advantages and disadvantages, and it ultimately depends on the trader's preferences and trading strategy. It's recommended for traders to experiment with both methods and see which one aligns better with their trading goals.
  636

  159