Did you know learning the multiple time frames is essential for success? If you have been mastering the different time frames, you can identify the best opportunity for trading. Many traders never grasp these time frames accurately. This tutorial is using the MCAD indicator and three different time frames, like 4 hours, 1 hour, and 15 minutes.
The above chart is based on a 4-hour time frame. Both lines of the MACD indicator are shown below the zero axis and cross each other multiple times. From a technical perspective, the present multiple golden crosses indicate bullish momentum.
If you change the 4 hours to 1 hour.
You can find that the MCAD lines cross the zero axis, but both have large differences. According to the above condition, it is the best time to open the position because, in both periods, the BTC price is in a bullish state. But this should be analyzed and confirm in the 15 minutes time period. If both MCAD lines are above the zero axis in the 15 minutes, it is the best time. If it creates another golden cross above the zero axis in 15 minutes, then you should not wait.
By opening the position in 15 minutes, you may expect a swing profit. If the trend is not continued anymore, it can lead to correction within 1 hour or even 4 hours. Depends on this condition, you can open the long and short position. Thanks for reading this tutorial.
No comments:
Post a Comment