What is the best chart for day trading?
5, 15, or 30?
1 min seems too short.
each of them give slightly different results and are kinda confusing.
what would you recommend for a beginner.
I am using EMA 13 and 34, MACD, and RSI.
Thanks.
I have three approaches when it comes to watching charts. Three of them are for three different situations.
1. Day trading or Scalping: Always go for 15 Min Chart. 15 min chart will give you a slightest idea what patter happened last day while will also make you aware about the things happening today.
2. Short trading: Always go for 4 hours chart. They are the ideal indicators better than any other charts. They give complete information about the movement and trends what the coin has been carrying in past.
3. Long term trading. Needless to say there is no chart required when it comes to this type of trading. Invest only in coins you think are worthy for it.