What is the difference between trading on the hourly, 4-hour, and daily timeframes: Choosing the timeframe determines your success!
In the world of cryptocurrency trading, selecting the timeframe significantly impacts a trader's strategy and results. The hourly timeframe (1H) is suitable for fast traders (Scalpers or intraday), as they look for short-term opportunities and quick movements in the market. The 4-hour timeframe (4H) combines daily analysis with a medium-term perspective, making it suitable for balanced traders. Meanwhile, the daily timeframe (1D) offers a broader and more stable view, relied upon by traders seeking long-term trends and avoidance of daily price noise. Understanding these differences can help you choose the most suitable style for you and achieve better results.