It is necessary to check the created time frameHello?
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(BTCUSD chart)
(BTCUSDT chart)
(BTCUSDT.P chart)
(BTC1! chart)
(BTM1! Chart)
(BTCKRW chart)
The flow of the charts listed above is the same or similar.
However, the difference is the location of the M-Signal indicator on the 1M and 1W charts.
Part of it is that the M-Signal indicator on the 1M, 1W chart made a regular arrangement (1W > 1M).
I think that these forward and reverse alignments mean that the trend has begun to change.
Therefore, if it moves sideways or swings strongly up and down in the current price range, it is expected to gradually form a straight line on all charts.
Therefore, it may temporarily drop to around 23K (BTCKRW: around 29639000).
All we can do in this decline is decide when to buy.
The reason is that funds are continuously flowing into the coin market.
The next big volatility is expected around June 9-13.
When referring to the explanation of the analyzed chart, you should pay close attention to which time frame the analyst is explaining.
If you look at the analyzed chart without checking it, you should be careful because it may be recognized as a completely different text from the flow you think.
So, in my article, I have displayed 1M, 1W, 1D, and 1h charts, and the corresponding analysis is displayed.
For example, if you look at the analysis written on the 30m chart and mistake it for an analysis of more than 1 day and loose your response, it means that you are likely to lose money.
Therefore, analysis written on a time frame chart of 1D chart or lower requires a quick response, so you should keep looking at the chart.
Therefore, you must check the time frame in which the analysis was written, as you may mistake the article analyzed with the time frame chart below the 1D chart for the overall flow of the chart.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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BTCKRW
Don't Let Hope Get the Best of YouAbove I have listed the multiple stages of a trade.
A lot of the time it starts with a great buy, which leads to a logical selling point.
Rarely do people go through with this.
Why? because humans are full of emotion, which a lot of the time will get the best of us.
Even though that sell order should be placed, GREED takes over. We hold on just a while longer wanting to make that extra buck.
Then the worst happens, the chart reverses. We then hit the DENIAL stage, where we refuse to believe this is happening, we think that Technical Analysis has failed us and the price will somehow come back.
Eventually we hit a bit of support! This is the HOPE stage, where we hope that somehow the price will rise high enough just for us to break even.
This all eventually leads to the final stage of REGRET. Also known of the land of no recovery.
Do not let emotions get the best of you. Emotions are never a reliable way to predict price movements.
Emotion is something that we all must overcome, if we wish to succeed in the trading industry.
Above, REGRET sets at $4150.
This could be an excellent short opportunity for BTC.
After just about hitting a triple-top, the BTC rise was rejected, which was immediately followed by a break in the most recent trendline.
IF hope prevails we will likely retest the previous high.
IF hope fails we will likely hit our REGRET target of $4150 which rests on a previous trendline.
Always know that shorting in a BULL market is risky. I advise using caution.
If you are not a margin trader, $4100-$200 could be an excellent buy for you.
Wish you all luck!
DGBBTC-Psychological Stages of a Bubble MarketPsychological Stages of a Bubble Market
1. Stealth Phase
2. Awareness Phase
3. Mania Phase
4. Blow off Phase
POLONIEX:BTCUSDT BITSTAMP:BTCUSD BITFINEX:ETHUSD POLONIEX:ETHUSDT KORBIT:ETHKRW KORBIT:BTCKRW
POLONIEX:DGBBTC POLONIEX:ETCUSDT BITFINEX:ETCUSD