I'm trying to understand candlestick time in the context of cryptocurrency. Could someone explain what it is and how it's relevant in crypto trading?
5 answers
Isabella
Sat Dec 07 2024
The duration depicted in a candlestick chart can differ significantly.
ZenMind
Sat Dec 07 2024
Coinbase Pro, as an example, has a default setting of six hours, where each candlestick signifies a period of five minutes.
GeishaWhisper
Fri Dec 06 2024
Users of Coinbase Pro have the flexibility to adjust this timeframe according to their preferences, making it either longer or shorter.
Stardust
Fri Dec 06 2024
It's crucial to mention that, unlike traditional stock markets, cryptocurrency markets operate continuously for 24 hours a day.
HallyuHeroLegend
Fri Dec 06 2024
This round-the-clock availability of crypto markets allows for trading at any time of the day, providing traders with greater flexibility and convenience.