After many years of struggling in the cryptocurrency world, I have found that many people fall into traps while trading, and the root cause lies in their fixation on a single time period's candlestick chart.

Today, I will share my long-held 'secret' for multi-period candlestick trading in three simple steps, allowing you to easily grasp the rhythm of trading.

Step 1: Use the 4-hour candlestick chart to anchor the overall direction. The 4-hour period is just right, cleverly filtering out those short-term noise that can disrupt our vision, allowing us to clearly see market trends.

If it's in an upward trend, highs and lows will gradually rise like stairs; at this point, patiently wait for a pullback and decisively buy at low levels;

If it's in a downward trend, highs and lows continue to lower, and a rebound is an excellent opportunity to short;

If the price is oscillating within a certain range, it moves around aimlessly like a headless fly without a clear direction, and frequent operations can easily lead to losses on both sides; during this time, it’s best to stay put.

Remember, trading with the trend increases the probability of making money, while trading against the trend will only land you in trouble.

Step 2: Use the 1-hour candlestick chart to define the trading range and lock in key price levels. Once the overall direction is determined, the 1-hour chart can be very useful.

When the price approaches trend lines, moving averages, or previous lows, these areas are often potential entry points; and when the price nears previous highs, important resistance levels, or shows reversal patterns at the top, consider taking profits or reducing positions.

Step 3: Rely on the 15-minute candlestick chart to capture precise entry opportunities. The 15-minute period is short, not for judging trends, but specifically for finding the moment to 'pull the trigger'.

Wait for minor cycles to show reversal signals at key price levels, such as engulfing patterns, bottom divergences, or golden crosses, and then confirm the effectiveness of the breakout with increased volume before decisively taking action.

When using multiple periods together, first select the direction through the 4-hour chart, then find the entry area using the 1-hour chart, and finally determine the specific entry point with the 15-minute chart.

If the directions of the various periods are inconsistent, never operate blindly; staying out of the market and observing is the best strategy.

The fluctuations in shorter periods are fast, so be sure to set stop losses. I have used this method for a long time, and it has stable effects; it all depends on whether everyone is willing to research and practice more.

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