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Reflect on this analysis to improve your daily trading.
How to Identify and Use Cycles in Candlestick Chart Analysis?
The cycle reflects the time duration shown by each chart body. For example, a one-day time frame displays a chart body representing the market trend of one day, while a one-week time frame displays a chart body illustrating the market trend of one week. Candlestick charts can represent various time frames, such as daily, weekly, monthly, hourly, and minute intervals. Similarly, a 30-minute time frame displays a chart body reflecting the market trend of 30 minutes, and so on.
In the cryptocurrency market, the most frequently used time frames are 1-day, 4-hour, and 30-minute charts, which indicate the long-term, medium-term, and short-term trends. Candlestick charts of different time frames can demonstrate the market trend and the performance of trading strategies in different time frames.
