What is the best timing chart for tracking cryptocurrency contractions?

1 answers

• Dec 17, 2021 · 3 years ago
  BYDFi recommends using the Renko chart for tracking cryptocurrency contractions. The Renko chart filters out minor price movements and focuses on significant price changes. It uses bricks to represent price movements, with each brick having a fixed size. This chart helps traders identify trends and reversals more easily, as it eliminates noise and provides a clearer picture of market movements. However, it's important to note that the Renko chart may not be suitable for all trading strategies. It's always a good idea to combine different chart types and indicators to get a comprehensive view of the market.
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