If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart) There are indicators that are paired with indicators that show support and resistance points.
The HA-Low and HA-High indicators and the BW (0) and BW (100) indicators are paired.
- HA-Low, BW (0) indicators show the low range, - HA-HIgh, BW 100) indicators show the high range.
Therefore, if it touches HA-HIgh or BW (100) and starts to decline, it is likely to touch HA-Low or BW (0), and you should think about a countermeasure.
If it encounters resistance at the HA-High indicator (67414.39) on the current 1D chart and starts to decline, it is likely to touch the HA-Low indicator (currently 56204.13) on the 1D chart.
However, you should be aware that the HA-Low indicator may move and be created as the price falls.
Since the BW (50) indicator exists between the BW (100) indicator and the BW (0) indicator, it cannot be said that a decline in the BW (100) indicator will necessarily touch BW (0).
Accordingly, the BW (50) indicator can replace the role of the BW (0) indicator.
The above explanation is the information required when utilizing the indicators on this chart.
- The 65920.71-67414.39 section is a section composed of HA-HIgh indicators.
Therefore, the key is whether it can receive support and rise in this section.
If not, and it falls below 65602.01, there is a possibility that it will fall to around 61099.25.
However, since the M-Signal indicator on the 1W chart is passing around 62791.03, it is highly likely that it will touch around 62791.03 and rise, and you should consider a response plan.
- Since the M-Signal indicator on the 1D chart is passing around 65920.71, it can be interpreted that it is currently shaking.
However, if it fails to rise above 67414.39, it is expected to eventually fall below 65602.01, so caution is required when trading.
- We need to check whether the StochRSI indicator will enter the oversold zone with this decline.
If the STochRSI indicator has entered the oversold zone, there is a high possibility that the downward force will be strong, so it may lead to an additional decline.
Therefore, whether there is support around 65602.01-65920.71 is significant.
- Based on the above, we can see that it is not the time to conduct a new transaction.
Therefore, in order to conduct a new transaction, we need to check whether the StochRSI indicator turns upward when it shows support around 65602.01-65920.71.
If not, and it falls, it can be seen that it is time to start trading when the HA-Low indicator or BW (0) indicator is newly created or when it is confirmed to be supported around 61099.25-62791.03.
- If you create a trading strategy and start trading and the movement is in the opposite direction, then you should check the movement of the support and resistance points or indicators.
(SOLUSDT.P 1D chart) That is, let's assume that you started trading by selling (SHORT) when the arrow indicating the appearance of the BW (100) indicator was created and the BW (100) line was created when it showed a downward trend, as in the SOL chart.
However, as the price rose, the BW (100) line disappeared and rose to around 171.63.
We should also think about countermeasures for this movement and start trading.
Even if you didn't think about it, you can see that the STochRSI indicator has entered the overbought zone, so it will eventually fall over time.
Therefore, you just need to decide whether to proceed with additional selling (SHORT) in the current rise or wait.
Since it is a futures transaction, the forced liquidation point is close, so you should consider this first and think about a response plan.
Since the StochRSI indicator touches the highest point (100), it cannot be said that the decline will begin immediately, so it is better to check the movement a little more.
Fortunately, the BW (100) line of the 1M chart currently exists at the 171.63 point, so it is expected that you can create a response strategy by checking whether there is support near 171.63.
-------------------------------------------------
You should continue trading even if the transaction fails.
Otherwise, you will lose your trading sense and it may not be easy to start trading again.
However, you should not start trading at any time.
You need to be able to wait for the right time to start trading, and when it's time to start trading, you need to start trading boldly.
(BTCUSDT.P 1D chart) I started trading with the previous indicator chart, so it's a bit low entry price, but I'm maintaining a sell (SHORT) position at 68293.8.
Unlike the BTCUSDT chart, the BTCUSDT.P chart has a volume profile section formed at 66750.0.
Therefore, it is expected that it will be important whether it receives support or resistance around 66750.0-67392.1.
These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward.
We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.
#BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55
-----------------
Note
If USDT continues to rise, I think the coin market is likely to continue to rise.
I think the decline of USDC will have a short-term impact on the coin market.
However, if USDC falls below 33.399B, it is likely to have a negative impact on the coin market, so we should watch closely.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.