When you truly understand candlestick charts, making the first 1 million in the cryptocurrency world is within reach.
Many people have been in the crypto space for years but are still stuck in place, not because their skills are lacking, but because they are blindly guessing based on one timeframe.
Chasing when it goes up, panicking when it goes down, being educated by the market back and forth.
Those who are truly stable are looking at multiple timeframe candlestick charts.
My method is very simple, three steps:
Set the direction, find the position, wait for the opportunity.
First step: 4-hour candlestick chart, decide which side you are on.
This is the big picture perspective, used to filter out noise.
When highs and lows are synchronized and rising, only consider buying on pullbacks;
When highs and lows are consistently declining, only look for rebounds to sell;
In sideways fluctuations, it's easiest to get washed back and forth, better not to trade.
Remember this saying: if you choose the wrong direction, no amount of effort will help.
Second step: 1-hour candlestick chart, outline the "actionable area."
Once the direction is set, don't rush to place an order.
Use the 1-hour chart to find support, resistance, trend lines, previous highs and lows.
Approaching these positions is where the best risk-reward opportunities lie;
Orders far from key levels are mostly emotional trades.
Third step: 15-minute candlestick chart, do just one thing: pull the trigger.
This timeframe is not for analyzing trends,
it's only to wait for signals.
When a minor reversal occurs at a key level,
then combined with a volume breakout, only then act,
otherwise, it’s better to miss out than to force it.
The core logic of multi-timeframe analysis:
4-hour to choose direction,
1-hour to set range,
15-minute to catch entry.
Remember these three points:
Once timeframes clash, go flat;
Small timeframes must have stop losses;
Direction + position + timing is ten times stronger than blindly guessing while watching the charts.
I have used this method for over three years,
not to show off, but to be stable.
Whether you can make money ultimately depends not on indicators,
but on whether you are willing to follow the rules.
