šØ Market Analysis: Letās Shed More Light
Everyone is eager to pull the trigger and jump into the trade, right? Hold onārelax, relax, relax! The four-hour setup you spotted in BTC isnāt valid. Why, you ask? Letās break it down with two distinct charts for the same four-hour BTC time frame.
š Observation
Chart One
At the critical point weāre analyzing, three candles are visible. The third candle is green but shows weakness, evidenced by its small upper and lower shadows. This indicates uncertainty and a lack of strong momentum
Chart Two
On the same four-hour time frame, what might look like a hammer is actually not a valid hammer. Hereās why:
1. A proper hammer forms at the bottom of a trend.
2. Its opening price should not be higher than the previous candleās close.
When we factor in other time frames (8-hour, 12-hour, and daily), we see they are still struggling to produce clear signals. So, is the four-hour setup rushing ahead? Think about it: Can a car outrun a jet? Noāit was a trap.
š Tip
A proper signal should align symmetrically across multiple time frames. Ensure your analysis checks all the boxes before entering a trade.
ā Takeaway
Trading isnāt about rushing; itās about waiting for the right moment.
Patience is a virtue. In trading, it can be the difference between success and failure.
š Watch carefully, analyze thoroughly, and wait patiently for a confirmed signal. The market rewards patience, not haste!
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