r S/D books and reading through all of your articles and blogs at the moment. I love the concept, how you’ve explained it and I am beginning to understand how banks and big players trade thank god.
I had a question in regards to timeframes (t/f) in crypto for S/D and support/resistance zones.
Since its a faster market than any other markets out there, do the same t/f’s apply in crypto too e.g. for 30min/1hr/4hr the S/D zones are valid for 20 days but how many days are considered for crypto? I presume not as many days for crypto as its a faster market.
I look forward to hearing from you.
You got the books, awesome!
Apologies for the late response, your email from last week slipped through the cracks.
Now, onto your question…
The specific cryptos you trade aren’t clear to me, but I’ve attached a quick graph below showcasing the time zones for Bitcoin, Ethereum, and Litecoin, the big three in the crypto world as far as I know.
- For 1 min/5 min/15 min, we’re looking at 1 day.
- 30 min/1 hour/4 hour? That’s 16 days.
- And the daily? It stands at 3 months.
The short timeframes stay put, matching the typical holding period of bank day traders. They don’t do the long haul over days, as seen in other timeframes, because of the brief time span.
The daily stays consistent too, based on my findings.
It’s just the mid timeframes that switch it up a bit, dipping slightly lower than their forex counterparts.
As for support and resistance zones, they don’t have an expiry date, but marking them requires a certain pip distance from the center.
Here’s the breakdown:
- 1, 5 or 15 min – 50 pips
- 30 min, 1 hour – 100 pips
- 4 hour – 150 pips
- Daily – 250 pips.
These are on par with forex times, so you can refer to the support and resistance zones post if you need a quick look.
That’s the rundown, Hamid.
If you’ve got more questions, fire away and I’ll respond as soon as I can.
Have a great day!