Near-term market direction is uncertain currently. BTC appears stuck in a consolidation range of $60,000 to $74,000.
Which way will it break out?
A number of factors could move the market:
Will US and Iran reach an agreement?
Will macro data trigger sharp market swings?
Will the Fed adjust its policy stance?
Could another Trump’s tweets spark volatility?
With so many unknowns, many traders are focusing on lower time intervals. Instead of trading on a daily (1D) time interval, they trade on 15M, 1H or 4H intervals.
That's because trades on daily (1D) interval can take several days or weeks to play out. And much can change during that time!
Meanwhile, trades on 15M, 1H or 4H intervals only last for several hours.
One of the easiest ways to generate trading ideas on lower time intervals is using altFINS' AI Chart Patterns, which automatically detect 26 chart patterns across 1D, 4H, 1H, and 15M time intervals.
We're talking channels, Inverse Head and Shoulders, wedges, resistance breakouts, etc.
Check it out yourself! Go to Chart Patterns and change the time interval:
The advantage of lower time intervals is that there's less risk of outside factors like macro news or Trump tweet disrupting the trade signal.
And you get faster results because trades last just a few hours.
Disadvantage of trading on lower time intervals is that it requires more attention to monitor trades with shorter duration. And the profits are usually smaller than swing trading on 1D interval.
But the success rate could be higher.
Example: ICP Approaching Support (1H Interval)
TIP: You can create an alert for Chart Patterns and receive them on iOS or Android mobile app! Don't ever miss another trading opportunity. Here's how.
altFINS’ AI chart pattern recognition engine identifies 26 trading patterns across multiple time intervals (15 min, 1h, 4h, 1d), saving traders a ton of time.
You can filter chart patterns by type, profit potential, success rate, buy or sell direction, exchange, and more.
