Thread: What is the best time format for cryptocurrency graphics?

I asked this question a while ago and I didn't get many answers, so I hope to have more luck now.Is it better to use graphics software that has trading opening time at 00:00 GMT instead of 22:00 GMT?I think that the patterns of the daily and 240 -minute graphics can change depending on the opening time.What impact do you think it has the difference in the technical analysis of cryptocurrencies?

Do you really think that changing from 00:00 GMT to 22:00 GMT will change your luck in the market?Please!What you need is a good system, not walking the clock.

Good question, the truth is that I had never considered it.The patterns should be similar, but I am not sure if the technical analysis would really affect, unless you are using a very sensitive strategy to the opening time of the market.

It is more important to use a consistent format and follow the standard that most traders use.Many professionals use 00:00 GMT as a reference.That allows you to better compare your analysis with the consensus of the global market.

I do not believe that the patterns change significantly, except in the 4 -hour candles, which could be seen something different depending on the opening time you are using.But the general structure of the market and trends should be the same.

Go!It seems that some believe that a 4 -hour candle has the power to change the fate of its operation.As if that were what makes the difference.

I always frame the 00:00 GMT in my graphics because it is the one that most traders follow.4 -hour candles can be different if you use another format, but in general, price patterns will not change much.Just make sure you are using the same format as most traders to be aligned.

Totally agree.In addition, using a standard schedule like 00:00 GMT allows you to better align your strategies with historical data, volumes and key market events.It is crucial to be in tune with most.

What matters more than the opening schedule is consistency.Choose a time format and keep it so you can recognize patterns consistently.If you are changing from one time format to another, you could confuse and lose important signs.

That "stay with a format" sounds very nice, but if you keep wrong with one, change the schedule will not save you.Better improve your analysis, that there is the real problem.