$pippin $FHE Study and learn about candlestick charts, and you will understand how to earn the first million in the cryptocurrency circle?

Why look at 4-hour, 1-hour, and 15-minute candlestick charts?

Many people in the cryptocurrency circle repeatedly fall into traps, the problem lies in focusing on just one cycle.

Today, I will talk about my commonly used multi-timeframe candlestick trading method, a simple three-step process: grasp the direction, find the points, and time the entry.

1. 4-hour candlestick: Determines your major direction for going long or short

This timeframe is long enough to filter out short-term noise, clearly showing the trend:

• Upward trend: Highs and lows rising together → Buy on dips

• Downward trend: Highs and lows declining together → Sell on rebounds

• Sideways fluctuation: Prices oscillate within a range, easily leading to losses, not recommended for frequent trades.

Remember this: Following the trend increases your win rate; going against the trend only leads to losses.

2. 1-hour candlestick: Used to delineate ranges and find key levels

Once the major trend is confirmed, the 1-hour chart can help you find support/resistance:

• Approaching trend lines, moving averages, and previous lows are potential entry points

• Approaching previous highs, significant resistance, or the emergence of top patterns indicates consideration for taking profits or reducing positions.

3. 15-minute candlestick: Only for the final “trigger action”

This timeframe is specifically used to find entry timing, not for trend analysis:

• Wait for key price levels to show small-cycle reversal signals (engulfing, bottom divergence, golden cross) before entering

• Volume increases, and breakout reliability increases; otherwise, false moves can occur.

How to coordinate multiple timeframes?

1. First define the direction: Use the 4-hour chart to choose between going long or short.

2. Find the entry zone: Use the 1-hour chart to outline support or resistance areas.

3. Precisely enter: Use the 15-minute chart to find the final signal for entry.

A few additional points:

• If the directions of several timeframes conflict, it is better to stay on the sidelines rather than taking uncertain trades.

• Small timeframe fluctuations are fast, always use stop-losses to prevent being repeatedly stopped out.

• The combination of trend + position + timing is much stronger than blindly guessing at the chart.

This multi-timeframe candlestick method has been my stable foundational setup for several years. Whether it can be effectively used depends on your willingness to look at the charts more and summarize your findings.