How To Use Multiple Timeframes And Improve Your Trading Entries

[raynerjulian]

It’s no secret that Using multiple timeframes can improve your trading entries. But the problem is most traders are confused on how to do it?

[~Bitcoin~]

Even bitcoin market goes through heavy manipulation and for altcoin trading it is obivously manipulated harder than bitcoin. So looking at the trade chart with different timeframes wouldn't help for crypto trading as whole, going through the manipulation seem to be only option left for small traders like us.  

[bitcoinisfurture]

Certainly there is no question about it since your prices get an average and you can sell at better rate if its moving upwards or atleast stable. But since bitcoin is volatile and at current situation it is not preferred as price is moving either sideways and can turn out to be a loss in trading.

[yndye]

I guess using multiple time frames will only be useful when the pair you are trading has a stable price and has already established support and resistance which somehow reduces its volatility like in forex trading while in bitcoin, the price is still unstable and trading in multiple time frames to estimate when to buy or sell may not be the way to profit because of its volatility. A huge bitcoin or altcoin holder may pump or dump the price as he wills to because he has the volume that can move the market and using the multiple time frame will be useless in this situation.

[capoeira]

see multiple timeframes as the zoom of a camera.
for example, I want to observe this levels on BTCUSD, but the candels are getting to small to see what's going on on 15min:
so I switch to 30min:


your timeframe depends on which levels you want to observe