Cryptocurrency Q&A Is the H4 timeframe good?

Is the H4 timeframe good?

charlotte_wilson_coder charlotte_wilson_coder Tue Nov 26 2024 | 5 answers 1081
I'm considering using the H4 timeframe for my analysis or trading strategy, but I'm not sure if it's a good choice. Can someone advise on the suitability of the H4 timeframe? Is the H4 timeframe good?

5 answers

JejuJoyfulHeartSoul JejuJoyfulHeartSoul Thu Nov 28 2024
The 4-hour and daily time frames present exceptional advantages for traders focusing on price action.

Was this helpful?

59
47
GeishaWhisper GeishaWhisper Thu Nov 28 2024
These lower time frames include charts like the 15-minute or 1-hour, which might not provide a comprehensive view.

Was this helpful?

375
96
TaekwondoMaster TaekwondoMaster Thu Nov 28 2024
I personally utilize both these time frames when engaging in Forex market trading.

Was this helpful?

379
65
CryptoWizardry CryptoWizardry Thu Nov 28 2024
Among the two, I prefer the daily time frame for making my trading decisions.

Was this helpful?

195
30
EnchantedDreams EnchantedDreams Thu Nov 28 2024
Many traders often make a common mistake by initiating their analysis on lower time frames.

Was this helpful?

73
75

Related questions

  1. Is the H4 timeframe good?

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts