What is the significance of convex series 60m in the world of cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Convex series 60m is a significant concept in the world of cryptocurrencies. It refers to a specific type of price chart pattern that indicates a bullish trend in the market. When a cryptocurrency's price follows a convex series 60m pattern, it suggests that the price is likely to continue rising. This pattern is often used by traders and investors to identify potential buying opportunities and make informed decisions. It is important to note that the significance of convex series 60m may vary depending on other market factors and should not be the sole basis for investment decisions.
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• Dec 25, 2021 · 3 years ago
  Convex series 60m is a term commonly used in the crypto community to describe a price chart pattern that resembles a convex curve over a 60-minute time frame. This pattern is believed to indicate a strong bullish trend in the market, suggesting that the price of a cryptocurrency is likely to increase. However, it is important to approach this pattern with caution as it is not a foolproof indicator. Other factors such as market sentiment, news events, and overall market conditions should also be considered when making investment decisions.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the significance of convex series 60m in the world of cryptocurrencies. This price chart pattern can provide valuable insights into market trends and help traders identify potential opportunities for profit. However, it is important to note that convex series 60m should not be the sole basis for investment decisions. Traders and investors should conduct thorough research, consider other technical indicators, and stay updated with market news to make informed choices.
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