What do the terms 'h' and 'w' signify in the context of cryptocurrency trading?

4 answers

• Dec 15, 2021 · 3 years ago
  In cryptocurrency trading, 'h' refers to the highest price that a particular cryptocurrency has reached within a given time period, while 'w' refers to the lowest price it has reached. These terms are commonly used to analyze price movements and identify trends. For example, if a cryptocurrency's 'h' has been steadily increasing over time, it may indicate a bullish trend, while a decreasing 'w' may suggest a bearish trend.
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• Dec 15, 2021 · 3 years ago
  When it comes to cryptocurrency trading, 'h' stands for the highest price and 'w' stands for the lowest price. These terms are used to track the price range of a cryptocurrency within a specific time frame. Traders often look at the 'h' and 'w' to identify potential support and resistance levels. By understanding the historical 'h' and 'w' of a cryptocurrency, traders can make more informed decisions about when to buy or sell.
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• Dec 15, 2021 · 3 years ago
  In the context of cryptocurrency trading, 'h' refers to the highest price and 'w' refers to the lowest price. These terms are important for technical analysis, as they help traders identify key levels of support and resistance. For example, if a cryptocurrency's 'h' is significantly higher than its current price, it may indicate a potential resistance level that could be difficult to break. On the other hand, if the 'w' is close to the current price, it may suggest a strong support level. Understanding the 'h' and 'w' can help traders determine entry and exit points for their trades.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that in the context of cryptocurrency trading, 'h' represents the highest price a cryptocurrency has reached within a specified time period, while 'w' represents the lowest price. These terms are commonly used in technical analysis to identify trends and potential price levels. Traders often use the 'h' and 'w' to set stop-loss orders or determine profit targets. By understanding the significance of 'h' and 'w', traders can make more informed decisions and manage their risk effectively.
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