Bitcoin / TetherUSEducation
What I think trading is...
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.
-------------------------------------
Thank you TradingBrokersView for the great article.
🚨 Bitcoin update! 🚨 BTC rejected at MA50 (4h) inside a Channel Down pattern. If history repeats, we could see a Lower Low at 95K (-10.7%), aligning with MA100 (1d) support. RSI (4h) is confirming bearish momentum.
🔥 Trading Plan: Sell now before further downside!
I was thinking about how to say it, and I came up with this idea.
Thank you again.
------------------------------------
#BTCUSDT 1M
As shown in the chart, it has risen a lot, so it is natural to feel downward pressure.
No one knows how big this downward pressure will be.
However, what I can tell you is the flow of funds.
To see a more detailed flow, you need to look at the gap occurrence status on the 1D chart, but when looking at the overall flow of funds, it is true that a lot of funds are flowing into the coin market.
Selling all of this inflow of funds means that you will not be able to overcome the volatility in the upcoming bull market and will rather increase the probability of suffering losses.
The reason is that the average purchase price is likely to be set too high and is likely to be located in the volatility range.
Therefore, you need to respond according to your investment style.
In other words, if your investment style is one that wants to trade quickly and urgently, a strategy that sells whenever it shows signs of falling would be appropriate to gain profits.
If not, if you have a longer-term outlook or trade mainly in spot transactions, I think it would be better to leave coins (tokens) corresponding to profits rather than selling all of them so that you can more easily purchase them in the future bull market.
Leaving a coin (token) corresponding to the profit means a coin (token) with a purchase principal of 0.
In other words, it means that when the price rises after purchase, the purchase principal is sold.
In that sense, when looking at the BTCUSDT 1M chart, you can see that the Fibonacci ratio point of 1.618 (89050.0) is a very important support and resistance area.
#BTCUSDT 1D
This volatility period is expected to continue until January 31.
Therefore, it is expected that the key will be whether there is support near 101947.24 after this volatility period.
If it falls without support near 101947.24, it is expected that the trend will be determined again by touching the M-Signal indicator on the 1W chart.
If you have been reading my ideas, you will understand that you should not try to create a trading strategy by analyzing charts.
As I mentioned earlier, you should create a trading strategy that suits your investment style with the information obtained from chart analysis.
That is why the opinion that it will fall now and sell everything can be interpreted differently by different people, so you need to be careful.
Some people are currently making profits and others are losing money.
Those who are making profits will have the luxury of waiting even if the price falls, and those who are losing money may be suffering from psychological pressure.
The information I am giving you is to provide information on how to respond to all of these people.
In that sense, you need to focus on the price that I am talking about, that is, the support and resistance points or sections.
If your average purchase price is below the support and resistance points or sections that I am talking about, you can check the downward trend and intensity and judge the situation.
If not, you need to create a response strategy based on how much cash you currently have.
If your current cash holding is less than 20% of your total investment and you feel unstable psychologically, it is a good idea to sell some of it to secure cash.
This will allow you to secure the ability to purchase more even if the price falls, so you will be able to secure a certain level of psychological stability even if the price falls.
I think trading is about responding to your investment style and psychological state in this way.
Therefore, you should calmly look at your current psychological state, check your cash holdings, and create a response strategy that suits your investment style.
This is the strategy I can tell you.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
Note
#DOGEUSDT.P 30m
If you want to experience or get used to mechanical trading, I recommend futures trading.
Since you cannot use a trading method that leaves the number of coins (tokens) corresponding to profit when trading futures, you need a response strategy to obtain cash profit.
Therefore, trading mechanically is an important key.
When trading futures, you also need support and resistance points drawn on the 1M, 1W, and 1D charts.
However, you can perform mechanical trading by utilizing support and resistance points or indicators on the trading time frame chart (the chart used in this explanation is a 30m chart).
For example, this is a method of starting a trade with a sell (SHORT) when the BW (100), HA-High indicator falls, and liquidating when it falls near the BW (0), HA-Low indicator.
At this time, you can choose whether to liquidate 100%, or liquidate partly when it touches the BW (0), HA-Low indicator and liquidate 100% near the trading price of the sell (SHORT) position.
Conversely, you can use a method of starting a trade with a buy (LONG) when the BW (0), HA-Low indicator rises, and liquidating when it rises near the BW (100), HA-High indicator.
However, once you liquidate, it is recommended to observe the situation for at least half a wave, usually one wave, before starting trading.
You can also trade continuously by switching positions during futures trading, but as I mentioned earlier, the best way to trade futures is to minimize the number of transactions, so you need to wait after one transaction is closed.
That's why it's a good idea to look at the charts of at least two coins (tokens).
If you can start trading another coin (token) when the transaction of one coin (token) is closed, it will not be a continuous transaction after liquidation, so I think you can reduce the risk.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
Related publications
Disclaimer
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.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
Related publications
Disclaimer
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.