Whether to challenge the ATH is the point of interest
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(BTCUSDT 1D chart)
It is showing an upward breakout of the 1st section.
Accordingly, the key is whether the price can be maintained above the 68393.48-69031.99 section and rise to around 71280.01.
If it shows a sharp rise, it is expected to touch around 73000.0.
If it rises above 70148.34, the StochRSI indicator is expected to rise to around 50, so you should be careful about volatility.
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(BTCUSDT.P 1h chart)
When viewed with the Linear Regression Channel indicator that automatically draws parallel channels, it shows an upward breakout of the upper part of the channel.
Accordingly, when entering the channel, we need to check at what point support and resistance will be shown.
Currently, it is expected to check whether support is found by touching the 69020.1-69332.4 section or the 70168.8-70320.3 section.
The 5EMA of the 1D chart is rising to around 68447.9.
The next volatility is likely to occur when touching the 5EMA of the 1D chart.
If it touches the 70168.8-70320.3 section and falls, the 68447.9 point is expected to be the liquidation point.
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Have a good time. Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Note
#BTC.D 1M
If BTC dominance continues to rise, altcoins are likely to gradually move sideways or show a downward trend.
Therefore, I think a good time to trade altcoins is when BTC dominance turns downward or falls below 55.01 and remains there.
If BTC dominance rises above 62.47, it seems likely that a strange market will form where only BTC rises.
Accordingly, caution is required when trading altcoins.
Note
#BTCUSDT.P 1D
The StochRSI indicator appears to have passed the 50 point.
Therefore, volatility is likely to occur.
It is necessary to check in which direction it deviates from the 69020.1-70320.3 section.
An example of a trading strategy when a long is made around 65568.1-65922.3,
If it rises, the area around 71363.0 corresponds to the first partial liquidation section.
The area around 68447.9 also corresponds to the partial liquidation section.
The complete liquidation section is 66662.8.
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If possible, it seems good to receive support and rise around the upper point of the HA-High indicator box (69566.0).
If not, you should touch around 69020.1 and see if it goes up.
Since the Standard Error line is passing around 69020.1, you can see that the area around 69020.1 is a meaningful support and resistance point.
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I hope you can see this as an example of where you can select a trading point when trading based on the content explained in the idea.
Trading must be done according to your investment style.
No matter how good the advice is, if it does not fit your investment style, you should not refer to that advice and trade.
Note
The key to futures trading is to avoid being forced to liquidate.
To protect this, you must first think about how to proceed with the transaction.
Note
(When trading in spot)
It is recommended to first check whether the coin you want to trade is in a regular array or a reverse array.
No matter how much it is currently rising, if it is in a reverse array, there is a high possibility that the increase will be returned.
Therefore, when trading a coin in a reverse array, a short and quick response is required.
Note
#BTCUSDT.P 1D
As it rises to the 71363.0 point, the StochRSI indicator is showing an increase of more than 50.
Accordingly, when the price is maintained in the 71363.0-73127.6 range, we should check whether the StochRSI indicator rises to the overbought range.
If not, if it entered the overbought range when it rose above 73127.6, I think it is likely to continue to rise further.
If not, it is expected that the potential for an increase will decrease.
From the current price position, the important sections for the decline are
- 67392.1
-65992.3
-61149.5
The three points above.
If it goes up a little more, the BW indicator is expected to touch the 100 point again, so the key is whether there is support at the BW (100) line when it is created.
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Then, we need to think about when we can proceed with a SHORT.
Since there is no indication to trade with a SHORT yet, we should see the situation when the BW (100) line is created.
Note
You can gain power in trading by classifying the support and resistance points drawn on the 1M, 1W, and 1D charts by importance and checking how the price moves at those support and resistance points.
In order to classify the support and resistance points by importance, you need to understand the movements of other factors, such as the price moving average, HA-Low, HA-High, BW (0), BW (100), StochRSI, and BW, and classify the support and resistance points by importance.
It is not easy, but if you practice, anyone can do it.
If you explain it yourself as I explain the idea, it will come naturally.
Note
The midpoint of the StochRSI indicator is 50.
However, I said that there is a possibility of volatility near the midpoint, but I don't know how far to select the midpoint.
So, I decided to arbitrarily consider the 40-60 range as the midpoint range.
I think that volatility is likely to occur when the StochRSI indicator
1. falls from the overbought range
2. is in the midpoint range
3. rises from the oversold range
It is likely to occur when it shows the above three movements.
Therefore, since it is currently in the midpoint range, I think that volatility is likely to occur.
Accordingly, it is likely to fluctuate up and down, so I think it is not a good time to trade.
Therefore, caution is required when trading.
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