What is the difference between tick charts and time-based charts for cryptocurrency trading on TradingView?

3 answers

• Cleberton LopesNov 18, 2022 · 3 years ago
  Tick charts and time-based charts are two different ways to display price movements in cryptocurrency trading on TradingView. Tick charts show the number of trades that occur, while time-based charts show price movements over a specific time period. Tick charts are more focused on market activity, providing a detailed view of trading volume and price changes. Time-based charts, on the other hand, show price movements over a set time interval, such as 1 minute, 5 minutes, or 1 hour. Traders can choose the chart type that suits their trading style and preferences.
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• Hung DuaJan 27, 2021 · 5 years ago
  Tick charts are particularly useful for short-term traders who want to capture quick price movements and identify market trends. By focusing on the number of trades, tick charts can reveal market volatility and help traders make faster decisions. Time-based charts, on the other hand, are more suitable for long-term traders who are interested in overall market trends and patterns. These charts provide a broader view of price movements and can help traders identify support and resistance levels. Both types of charts have their advantages and disadvantages, so it's important for traders to experiment and find the chart type that works best for them.
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• Ricardo Caeiro de AbreuOct 29, 2022 · 3 years ago
  Tick charts and time-based charts are both popular among cryptocurrency traders on TradingView. Tick charts offer a granular view of price movements, allowing traders to spot short-term opportunities and execute trades quickly. On the other hand, time-based charts provide a more comprehensive view of market trends and can help traders identify longer-term patterns. At BYDFi, we recommend using tick charts for day trading and time-based charts for swing trading or longer-term investments. However, it's important to note that the choice between tick charts and time-based charts ultimately depends on individual trading preferences and strategies.
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