Studied candlestick charts, how to earn your first 1 million?

Why look at 4-hour, 1-hour, and 15-minute candlestick charts?
Many people in the crypto space keep falling into traps; the problem lies in focusing on only one timeframe.

Today, I will share my commonly used multi-timeframe candlestick trading method, simple three steps: grasp the trend, find entry points, and set the timing.

1. 4-hour candlestick: Determines the main direction of your long or short position
This timeframe is long enough to filter out short-term noise and clearly see the trend:
• Uptrend: highs and lows rise together → buy on dips
• Downtrend: highs and lows fall together → short on rebounds
• Sideways consolidation: price repeatedly moves within a range, prone to false signals, not recommended for frequent trading

Remember: trading with the trend increases win rate; against the trend only gives away money.

2. 1-hour candlestick: Used to define zones and find key levels
Once the main trend is confirmed, the 1-hour chart helps identify support/resistance:
• Approaching trendlines, moving averages, previous lows are potential entry points
• Near previous highs, important resistance, or top formations, consider taking profits or reducing positions

3. 15-minute candlestick: Only for the final “trigger”
This timeframe is dedicated to finding entry signals, not for analyzing the trend:
• Wait for key price levels to show small-cycle reversal signals (engulfing, bottom divergence, golden cross) before entering
• Confirm volume breakout; only then is the breakout reliable, otherwise it may be a false move

How to coordinate multiple timeframes?
1. First, determine the trend: use the 4-hour chart to choose long or short
2. Find entry zones: use the 1-hour chart to mark support or resistance areas
3. Precise entry: use the 15-minute chart to find the final signal

Additional points:
• If multiple timeframes conflict, it’s better to stay out of the market and observe, rather than take uncertain trades
• Small timeframes fluctuate quickly; always set stop-loss to prevent being repeatedly stopped out
• Combining trend, position, and timing is much better than blindly guessing by staring at charts