There’s nothing quite like watching a volatile market move on a 5-minute chart. It’s exhilarating and makes even the beginner feel like a professional trader.
The daily time frame, on the other hand, is boring. It’s slow to develop and doesn’t offer as many setups.
But what if I told you that boring is good. It allows you to slow down, destress, and make the most of every decision.
In today’s issue, I’ll share with you why the daily time frame matters and how you can use it to become a more profitable trader and investor. We’ll then finish up with a few charts.
Why the Daily Close Matters
The daily close is critical in any market. Everything from stocks to currencies to cryptos has its own daily closing time, and each one is significant.
For the crypto market, the daily close occurs at 8 pm EST. You can use the countdown at dailyclose.com as a cheat sheet for daily, weekly, and monthly closing times.
Now, you may be thinking, “what is he talking about? Cryptos never close!”.
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