There are always people complaining that the market is like a roller coaster - it's not that the market is crazy, it's that the Candlestick you are watching is too short.
What can you see on a 30-second chart? It's all just noise. Staring at it, a big bearish candlestick comes down and you feel like the sky is falling; but when you switch to the hourly chart, it's just a tiny pullback. The reverse is also true; you get so excited on the hourly chart, but when you pull back to the daily or weekly chart — wow, it doesn't even count as a decent breakout.
The data is still the same data, but its significance varies greatly across different time dimensions.
In short cycles, there are only noise and false signals; only in long cycles can the trend be clearly seen. If your stop-loss points, trading rhythm, and even mindset are being led by minute-level fluctuations, then you will always see "huge shocks" in your eyes.
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HodlTheDoor
· 11-30 12:09
You’re right, I was tortured to death by the 30-minute chart like this before.
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MemeKingNFT
· 11-30 04:43
You are absolutely right, I am the kind of person who was completely wrecked by the 30-second chart.
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If I had known this principle earlier, I wouldn't have gotten liquidated during that NFT round, really.
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So the question is, how can I resist the urge to look at the minute chart? It's much harder than going with the trend.
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On-chain data is the same, there are so many false signals in the short term, and often I think it's a bearish signal, only for it to rebound the next day.
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I am now firmly sticking to the daily chart and weekly chart, blocking out all the noise, and my mindset is much more comfortable.
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This is something I've wanted to say for a long time, it feels like the current suckers are being brainwashed by the minute-level fluctuations.
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To be honest, the bottom consensus of blue-chip projects is often destroyed by this short-cycle anxiety.
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The weekly chart is the way to go, everything else is just bait for bearish signals.
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Rugman_Walking
· 11-29 20:38
Well said, I used to be the kind of fool who stared at the 30-second Candlestick, and my mindset would explode every day.
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GasFeeBarbecue
· 11-27 12:50
You're right, I used to torture myself by looking at the 1-minute chart every day.
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MerkleMaid
· 11-27 12:50
You hit the nail on the head. I used to have this problem too, staring at the 1-minute chart every day like a lunatic.
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MevHunter
· 11-27 12:49
You're right, I've been tormented by the 30-second Candlestick, but now looking at the daily chart is much more comfortable.
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AirdropHarvester
· 11-27 12:44
You're right, I've been someone who got mentally exploded by the 5-minute chart, haha.
This brother's words hit me, switching to the daily chart instantly made me feel relieved.
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MetadataExplorer
· 11-27 12:43
You're right, I used to have this problem, staring at the 30-minute chart every day, panicking whenever there was a fall.
Ugh, it's just that I didn't have the willpower, I had to be led by the Candlestick.
It was only when I switched to the weekly chart that I realized those scary falls are actually just minor drizzles.
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NotFinancialAdviser
· 11-27 12:43
You're not wrong, I'm one of those people who got wrecked by the 30-second Candlestick.
There are always people complaining that the market is like a roller coaster - it's not that the market is crazy, it's that the Candlestick you are watching is too short.
What can you see on a 30-second chart? It's all just noise. Staring at it, a big bearish candlestick comes down and you feel like the sky is falling; but when you switch to the hourly chart, it's just a tiny pullback. The reverse is also true; you get so excited on the hourly chart, but when you pull back to the daily or weekly chart — wow, it doesn't even count as a decent breakout.
The data is still the same data, but its significance varies greatly across different time dimensions.
In short cycles, there are only noise and false signals; only in long cycles can the trend be clearly seen. If your stop-loss points, trading rhythm, and even mindset are being led by minute-level fluctuations, then you will always see "huge shocks" in your eyes.