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▶️ so, Monthly and weekly chart are providing Nature and Direction of position for get the advantage drawdown. My question to is regarding this situation which Timeframe of chart should monitor for decided the opening position of each trade?
CRYPTO MECHANIC
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Bitcoin is actually doing nothing on the monthly chart. The price has been ranging for the last four months took the highs, took the lows, and is now just trading in between.
In my opinion monthly chart is very high timeframe to look at it will remain bullish even if it drops down to $75k but you don’t have to hold through that big of a drawdown so we keep our focus on the weekly chart.
📌 Pro Tip: Enter on the breakout and keep a tight stop-loss!
💡 Why These Patterns Work ✔️ Fear & Greed drive price action. ✔️ Support & Resistance decide turning points. ✔️ Breakouts happen when pressure builds up!
Master the psychology, and you’ll trade with confidence!
🎯 How to Trade Patterns Smartly ✅ Wait for Confirmation – Enter only after a breakout with volume. ✅ Set Stop-Losses Wisely – Below support or above resistance. ✅ Follow Risk-Reward Rules – Aim for 2:1 profit vs. risk. ✅ Practice Before Trading Real Money – Backtest on past charts!
Patterns aren’t guarantees—but they give you a winning edge!
🔥 Learn These Patterns & Trade Smarter! Every pro trader knows them—now it’s your turn! Study, practice, and execute with discipline.
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