⏱️ Which candlesticks do traders look at based on their strategy?
• Long-term investors (Hodlers / Position Traders)
• Style: They buy long for months or years. Daily price fluctuations do not bother them.
• Candlesticks they watch: Exclusively weekly (1W) and monthly (1M). Sometimes they open the daily chart (1D) just to find a better entry point.
• Medium-term traders (Swing Traders)
• Style: They hold positions from a few days to a few weeks. They aim to catch a medium-term market trend (momentum).
• Candlesticks they watch: Their foundation consists of daily candles (1D) and 4-hour candles (4H). These are ideal for trading your medium-term long setups.
• Intraday traders (Day Traders) & Scalpers
• Style: They close all trades within a single day (scalpers hold positions for mere minutes).
• Candlesticks they watch: They use 1-hour (1H) candles to analyze the broader context, but look for the actual entry point on 15-minute (15m), 5-minute (5m), or even 1-minute (1m) charts.
📈 How do they usually play long positions?
• Long-term investors (Hodlers / Position Traders)
• Style: They buy long for months or years. Daily price fluctuations do not bother them.
• Candlesticks they watch: Exclusively weekly (1W) and monthly (1M). Sometimes they open the daily chart (1D) just to find a better entry point.
• Medium-term traders (Swing Traders)
• Style: They hold positions from a few days to a few weeks. They aim to catch a medium-term market trend (momentum).
• Candlesticks they watch: Their foundation consists of daily candles (1D) and 4-hour candles (4H). These are ideal for trading your medium-term long setups.
• Intraday traders (Day Traders) & Scalpers
• Style: They close all trades within a single day (scalpers hold positions for mere minutes).
• Candlesticks they watch: They use 1-hour (1H) candles to analyze the broader context, but look for the actual entry point on 15-minute (15m), 5-minute (5m), or even 1-minute (1m) charts.
📈 How do they usually play long positions?
