ๅธๅๆขตๅคฉ
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It's time for a break for the brothers ๐งง
Let me summarize my trading experience for everyone
Why look at 4-hour, 1-hour, and 15-minute candlesticks?
Many people in the crypto world repeatedly fall into traps, and the problem lies in focusing on only one timeframe.
Today I'll talk about my commonly used multi-timeframe candlestick trading method, which consists of three simple steps: grasping the direction, finding entry points, and timing.
1. 4-hour candlestick: Determines the overall direction for going long or short
This timeframe is long enough to filter out short-term noise and clearly see the trend:
โข Uptrend: Higher highs and higher lows โ Buy on dips
โข Downtrend: Lower highs and lower lows โ Short on rebounds
โข Sideways movement: Price fluctuates within a range, easy to get whipsawed, not recommended for frequent trading
Remember this: Trading with the trend increases your win rate; trading against it only gives away money.
2. 1-hour candlestick: Used to delineate ranges and find key levels
Once the major trend is confirmed, the 1-hour chart can help you identify support/resistance:
โข Approaching trend lines, moving averages, and previous lows are potential entry points
โข Approaching previous highs, important resistance, or the emergence of top patterns means it's time to consider taking profits or reducing positions
3. 15-minute candlestick: Only for the final โtrigger actionโ
This timeframe is specifically for finding entry opportunities, not for trend analysis:
โข Wait for key price levels to show small-cycle reversal signals (engulfing, bullish divergence, golden cross) before entering
โข Volume must increase; breaks are only reliable if there's sufficient volume, otherwise it could be a false move
How to coordinate multiple timeframes?
1. First determine the direction: Use the 4-hour chart to decide whether to go long or short
2. Find entry zones: Use the 1-hour chart to outline support or resistance areas
3. Enter precisely: Use the 15-minute chart to find the final entry signal
A few additional points:
โข If directions conflict across several timeframes, it's better to stay out and observe rather than make uncertain trades
โข Small timeframe fluctuations are fast, always set stop losses to prevent being repeatedly stopped out
โข The combination of trend + position + timing is far more effective than randomly guessing at the charts
I've been using this multi-timeframe candlestick method for over 2 years; it's a foundational setup for stable outputs. Whether you can use it well depends on your willingness to analyze charts and summarize findings.
#Trader #Bitcoin #Investment #ๅธๅ
Let me summarize my trading experience for everyone
Why look at 4-hour, 1-hour, and 15-minute candlesticks?
Many people in the crypto world repeatedly fall into traps, and the problem lies in focusing on only one timeframe.
Today I'll talk about my commonly used multi-timeframe candlestick trading method, which consists of three simple steps: grasping the direction, finding entry points, and timing.
1. 4-hour candlestick: Determines the overall direction for going long or short
This timeframe is long enough to filter out short-term noise and clearly see the trend:
โข Uptrend: Higher highs and higher lows โ Buy on dips
โข Downtrend: Lower highs and lower lows โ Short on rebounds
โข Sideways movement: Price fluctuates within a range, easy to get whipsawed, not recommended for frequent trading
Remember this: Trading with the trend increases your win rate; trading against it only gives away money.
2. 1-hour candlestick: Used to delineate ranges and find key levels
Once the major trend is confirmed, the 1-hour chart can help you identify support/resistance:
โข Approaching trend lines, moving averages, and previous lows are potential entry points
โข Approaching previous highs, important resistance, or the emergence of top patterns means it's time to consider taking profits or reducing positions
3. 15-minute candlestick: Only for the final โtrigger actionโ
This timeframe is specifically for finding entry opportunities, not for trend analysis:
โข Wait for key price levels to show small-cycle reversal signals (engulfing, bullish divergence, golden cross) before entering
โข Volume must increase; breaks are only reliable if there's sufficient volume, otherwise it could be a false move
How to coordinate multiple timeframes?
1. First determine the direction: Use the 4-hour chart to decide whether to go long or short
2. Find entry zones: Use the 1-hour chart to outline support or resistance areas
3. Enter precisely: Use the 15-minute chart to find the final entry signal
A few additional points:
โข If directions conflict across several timeframes, it's better to stay out and observe rather than make uncertain trades
โข Small timeframe fluctuations are fast, always set stop losses to prevent being repeatedly stopped out
โข The combination of trend + position + timing is far more effective than randomly guessing at the charts
I've been using this multi-timeframe candlestick method for over 2 years; it's a foundational setup for stable outputs. Whether you can use it well depends on your willingness to analyze charts and summarize findings.
#Trader #Bitcoin #Investment #ๅธๅ
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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