Why look at multiple time frame candlesticks? Because the market is three-dimensional! Trading on a single time frame can easily lead to losses; fixating on the daily chart may cause you to miss short-term opportunities, while being addicted to the 15-minute chart often results in being harvested.
4-hour candlesticks: Determine trends and prevent counter-trend trades. In an uptrend, higher low points indicate buying on dips; in a downtrend, lower high points suggest selling on rallies; observe during sideways movement. As long as the trend is intact, don’t fear fluctuations in smaller time frames.
1-hour candlesticks: Identify support and resistance, plan ranges. Buy at support levels (previous lows, trend lines, etc.) and sell at resistance levels (previous highs, Fibonacci levels, etc.). Breakouts without volume are traps; when bullish on the 4-hour chart, buy on dips at support on the 1-hour chart, and conversely, if bearish, sell on rebounds.
15-minute candlesticks: Precise entry points. Rely on candlestick reversal patterns (like engulfing), indicator divergence, and volume breakout confirmation signals. It is only used for finding entry points; if the signal is unclear, it’s better to miss out than to make a wrong move. #币安Alpha上新 #币安钱包TGE #以色列伊朗冲突 $BTC $ETH