Hello, traders.
Please "Follow" to get the latest information quickly.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
This decline created a new trend line.
This added a period of volatility around July 31st.
If the HA-High indicator is generated at the 115854.56 point, the key is whether it can be supported and rise around that point.
If it falls below the HA-High indicator, there is a possibility of a downward trend.
Therefore, it is necessary to look at which support and resistance points the price is maintained at as it passes the volatility period around July 18 (July 17-19).
-
Since the StochRSI 80 indicator is formed at the 116868.0 point, it is important to be able to maintain the price above 116868.0 if possible.
Therefore, assuming that the HA-High indicator will be generated at the 115854.56 point, the key is whether there is support around 115854.56-116868.0.
Next, since the M-Signal indicator on the 1D chart is rising above 116696.20, we need to check if it is supported by the M-Signal indicator on the 1D chart or around 116696.21.
-
So far, we have talked about how to maintain an upward trend by breaking through a certain point or section.
That is,
- The K of the StochRSI indicator should be below the overbought section and should show an upward trend with K > D.
- The PVT-MACD oscillator indicator should show an upward trend. (If possible, it should be above the 0 point.)
- The OBV indicator of the Low Line ~ High Line channel should show an upward trend. (If possible, it should be maintained by rising above the High Line.)
I said that when the above conditions are met, there is a high possibility that the upward trend will continue.
On the other hand, in order to change to a downward trend,
- The DOM (60) indicator should be created and show resistance near the DOM (60) indicator.
- When the HA-High indicator is generated, it should show resistance near the HA-High indicator.
- When the K of the StochRSI indicator falls from the overbought zone, it should switch to a state where K < D and show a downward trend. (However, caution is required as volatility may occur when K reaches around the 50 point.)
- The PVT-MACD oscillator indicator should show a downward trend. (If possible, it is better if it is located below the 0 point.)
- The OBV indicator of the Low Line ~ High Line channel should show a downward trend. (However, it should show a downward trend in the state where OBV < OBV EMA is present.)
When the above conditions are satisfied, there is a high possibility of a downward trend.
Among these, the most intuitive thing to know is whether the DOM (60) indicator and the HA-High indicator are generated.
This is because, in order to first switch to a downward trend, a signal that the current price position is a high point must appear.
The DOM(60) indicator is an indicator that indicates the end of the high point.
Therefore, if the DOM(60) indicator is generated, it is likely to be a high point.
However, since it can be supported and rise near the HA-High indicator, you should check whether there is support in the HA-High ~ DOM(60) section and respond accordingly.
The HA-High indicator is an indicator created for trading on the Heikin-Ashi chart, and if it falls below the HA-High indicator, it is likely to be a point where a downtrend will begin.
-
Since the same principle applies to any time frame chart you trade, it is easier to understand the chart and determine the timing of the start and end of the transaction.
However, the basic trading method must be a split trading method.
The reason is that if it rises in the HA-High ~ DOM(60) section, it is likely to show a stepwise upward trend, and if it falls in the DOM(-60) ~ HA-Low section, it is likely to show a stepwise downward trend.
This basic trading method, that is, buying near the HA-Low indicator and selling near the HA-High indicator, will eventually make you familiar with day trading, which will have an effective influence on finding a buying point when making mid- to long-term investments.
It is wrong to say that you are good at mid- to long-term investments when you are not good at day trading.
You were just lucky.
Unfortunately, this kind of luck cannot last.
-
Thank you for reading to the end.
I hope you have a successful transaction.
--------------------------------------------------
- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
------------------------------------------------------
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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.