Start your analysis with the higher timeframes, not the smallest ones.
1D and 4H determine the direction and key areas: where price often bounces and where it often meets resistance. Use 1H and M15 only to find precise entry points.
Entries against the higher-timeframe trend can work occasionally, but they require a much stronger reason and more disciplined stop-losses. For $BTC or altcoins, the order is the same: start with the bigger picture, then look at the details.
Which timeframe do you usually start with?
Not financial advice. #TechnicalAnalysis
1D and 4H determine the direction and key areas: where price often bounces and where it often meets resistance. Use 1H and M15 only to find precise entry points.
Entries against the higher-timeframe trend can work occasionally, but they require a much stronger reason and more disciplined stop-losses. For $BTC or altcoins, the order is the same: start with the bigger picture, then look at the details.
Which timeframe do you usually start with?
Not financial advice. #TechnicalAnalysis