After studying and learning about candlestick charts, you’ll finally understand how to make your first million in the crypto world!
Why should you look at the 4-hour, 1-hour, and 15-minute candlestick charts? Many people keep making the same mistakes in crypto trading because they only focus on a single timeframe.
Today, I’ll share my commonly used multi-timeframe candlestick trading method, which consists of three simple steps: identify the trend, find the key levels, and time your entry.
1. 4-Hour Candlestick Chart: Determines whether you go long or short This timeframe is long enough to filter out short-term noise and lets you see the trend clearly: • Uptrend: Higher highs and higher lows → buy the dip on pullbacks • Downtrend: Lower highs and lower lows → short on rebounds • Sideways: Price moves back and forth in a range; easy to get chopped up, so avoid frequent trades
Remember: Trading with the trend gives you an edge; going against it just gives your money away.
2. 1-Hour Candlestick Chart: Used to map out zones and find key levels Once the major trend is identified, the 1-hour chart helps you locate support/resistance: • Near trendlines, moving averages, or previous lows—these are potential entry points • Approaching previous highs, key resistance, or topping patterns—consider taking profits or reducing position size
3. 15-Minute Candlestick Chart: Only for the final “trigger pull” This timeframe is used specifically to time your entry, not to read the trend: • Wait for reversal signals on the small timeframe (engulfing pattern, bullish/bearish divergence, golden cross) at key levels before entering • Entry is more reliable when accompanied by a spike in volume; otherwise, breakouts are likely fake
How to combine multiple timeframes? 1. Set the direction: Use the 4-hour chart to decide whether to go long or short 2. Find your entry zone: Use the 1-hour chart to highlight support or resistance zones 3. Pinpoint entry: Use the 15-minute chart to catch the exact entry signal
A few extra tips: • If the directions of different timeframes conflict, it’s better to stay on the sidelines than to take uncertain trades • Volatility is higher on smaller timeframes, so always use stop-losses to avoid getting whipsawed • Combining trend, levels, and timing is far more effective than staring at charts and guessing
I’ve used this multi-timeframe candlestick method for years myself; it’s the foundation for consistent results. Whether you can make it work depends on your willingness to study charts and summarize your experiences.
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After studying and learning about candlestick charts, you’ll finally understand how to make your first million in the crypto world!
Why should you look at the 4-hour, 1-hour, and 15-minute candlestick charts?
Many people keep making the same mistakes in crypto trading because they only focus on a single timeframe.
Today, I’ll share my commonly used multi-timeframe candlestick trading method, which consists of three simple steps: identify the trend, find the key levels, and time your entry.
1. 4-Hour Candlestick Chart: Determines whether you go long or short
This timeframe is long enough to filter out short-term noise and lets you see the trend clearly:
• Uptrend: Higher highs and higher lows → buy the dip on pullbacks
• Downtrend: Lower highs and lower lows → short on rebounds
• Sideways: Price moves back and forth in a range; easy to get chopped up, so avoid frequent trades
Remember: Trading with the trend gives you an edge; going against it just gives your money away.
2. 1-Hour Candlestick Chart: Used to map out zones and find key levels
Once the major trend is identified, the 1-hour chart helps you locate support/resistance:
• Near trendlines, moving averages, or previous lows—these are potential entry points
• Approaching previous highs, key resistance, or topping patterns—consider taking profits or reducing position size
3. 15-Minute Candlestick Chart: Only for the final “trigger pull”
This timeframe is used specifically to time your entry, not to read the trend:
• Wait for reversal signals on the small timeframe (engulfing pattern, bullish/bearish divergence, golden cross) at key levels before entering
• Entry is more reliable when accompanied by a spike in volume; otherwise, breakouts are likely fake
How to combine multiple timeframes?
1. Set the direction: Use the 4-hour chart to decide whether to go long or short
2. Find your entry zone: Use the 1-hour chart to highlight support or resistance zones
3. Pinpoint entry: Use the 15-minute chart to catch the exact entry signal
A few extra tips:
• If the directions of different timeframes conflict, it’s better to stay on the sidelines than to take uncertain trades
• Volatility is higher on smaller timeframes, so always use stop-losses to avoid getting whipsawed
• Combining trend, levels, and timing is far more effective than staring at charts and guessing
I’ve used this multi-timeframe candlestick method for years myself; it’s the foundation for consistent results. Whether you can make it work depends on your willingness to study charts and summarize your experiences.
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