1 Hour (1hr)

The 1hr, or 1 hour, represents data collected over 1 hour plotted as a single data point.

In crypto trading, and charting specifically, 1 hour is a common time frame used by traders to review a digital asset’s price movements plotted in 60-minute intervals over some specific time period.

Each bar, candle, or column would represent price action for a specific 1 hour.

If we were to look at a single day on a chart for example, which is made up of 24 hours, we would see 24 bars or candles plotted on that chart.

The 1-hour time frame tends to move quicker than higher time frames like the 4 hour or the daily, so decision-making will have to be done much faster.

Additionally, trading on the 1 hour will mean you make and lose money several times throughout the day, which can be very difficult to handle, especially as a new trader.

You need time to formulate your strategy, even while in an active trade.

A faster pace time frame, like the 1 hour, may work against you by not giving you enough time to analyze what’s going on and make changes accordingly.

Related Terms

Daily (D)

Represents data from the past 24 hours plotted as a single data point. In charting specifically, the Daily is a common time frame used by traders to review a digital asset’s price movements plotted in 24-hour intervals. Each bar, candle, or column represents price action from the last 24 hours.

1 Minute (1m)

In crypto trading, the 1-minute time frame or chart is commonly used with scalping strategies to review a digital asset’s price movements plotted in 1-minute intervals over some specific time period. Each bar, candle, or column would represent price action for a specific 60 seconds

30 Minute (30m)

In crypto trading, and charting specifically, 30 Minutes is a common time frame used by traders to review a digital asset’s price movements plotted in 30-minute intervals over some specific time period. Each bar, candle, or column would represent price action for a specific 30 minutes

Weekly (1W)

The Weekly or 1W represents data from the past 7 days plotted as a single data point. In crypto trading, and charting specifically, the weekly time frame is commonly used by traders to review a digital asset’s price movements plotted in 1-week intervals, which provides a better perspective of the overall trend in the market. Each bar, candle, or column represents price action from a single week.

Pump

The price of a digital asset increases, often at a faster pace or in larger moves than normal. Actors, celebrities, social media influencers, professional athletes, and tweets from Elon Musk have all been involved in pumping the crypto market.