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Why look at the 4-hour, 1-hour, and 15-minute candlestick charts?
In these years of struggling in the crypto world, I've seen too many people get rubbed raw by the market because they stubbornly cling to a single cycle of K-lines. Today, I'm going to share my secret technique - the Multi-Cycle K-Line Trading Method. It's just three steps, and you can directly grasp the trend, points, and timing!
4-Hour K-Line: The "Stabilizing Force" of Trends
This thing is like a GPS for the crypto world, helping you find the right direction amidst the vast fluctuations. Don't underestimate this 4-hour candlestick; it filters out the noise of the intraday movements, making the trend clear at a glance:
Uptrend: Highs and lows rise like steps, and during this time, a pullback is an opportunity for us to make money, so decisively buy the dips!
Downtrend: Highs and lows are sliding all the way down, rebounds are like crocodile tears, don't get carried away, finding opportunities to short is the right way.
Sideways Consolidation: The price is repeatedly bouncing around within a range, and frequent trading during this time only results in paying fees to the exchange. It is recommended to just lie back and watch.
Remember, in the cryptocurrency world, only by following the trend can you profit; going against the trend is like joking with real money!
1 Hour K-Line: Precisely Locate the "Battlefield"
The general direction has been set, and the 1-hour K-line is our "battle map." At this point, the focus is on finding support and resistance levels:
Trend lines, moving averages, and previous lows serve as the market's "moat"; when prices approach these levels, there is often support, making them potential entry points.
The previous high, key resistance level, combined with the top pattern, signals a retreat. It is time to take profits and reduce positions.
15 Minute K-Line: The "Last Second" to Pull the Trigger
The 15-minute K-line should not be used to determine trends; it is only responsible for helping you find the best entry timing! Just like a sniper waiting for prey to show a flaw, we need to wait for these signals:
The key price level shows engulfing patterns, bottom divergence, or golden cross signals; this is the right time to take action.
Pay attention to the trading volume! Breakouts without volume are just tricks, and they are likely false breakouts. You must see an increase in trading volume before entering the market.
Multi-timeframe collaboration practical mantra
Set direction: First look at the trend on the 4-hour chart to know whether to go long or short.
Drawing circles: 1-hour chart marks support and resistance areas, locking in entry range;
Signal: A reversal signal appears on the 15-minute chart, decisively pull the trigger!
Guide to Avoid Pitfalls for Blood Loss Summary
When several cycles are conflicting, don't force your way in; staying in cash and observing is better than losing money.
Short-term fluctuations are fast, so make sure to set your stop-loss well, otherwise you will be swept away in minutes.
Trends, position, and timing are all indispensable; don't rely on feelings to guess blindly, using this method is the way to go!
To be honest, there is no trading holy grail; the key is to review and summarize more, turning these methods into your own. #Gate Launchpad IKA上线# #以太坊重返3800# #美欧达成关税协议# #BTC# #ETH#