Example of creating a trading strategy chart
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To interpret the chart from a trend perspective, you can use the MS-Signal indicator.
The MS-Signal indicator consists of the M-Signal indicator and the S-Signal indicator.
Therefore, you can analyze the chart by checking the arrangement of the M-Signal indicator and the movement around it.
The most important thing in chart analysis is support and resistance points.
Therefore, if you do not indicate support and resistance points, it can be said that the chart analysis cannot be used for trading.
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So, Fibonacci retracement and trend-based Fibonacci extension are widely used in chart analysis.
I used the Trend-Based Fib Extension tool.
I selected and displayed the low and high points pointed by the fingers.
The selection of the candles pointed by the fingers corresponds to the inflection points of the StochRSI indicator.
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If you connect these, you get a trend line.
The important thing when drawing a trend line is to connect the high points of the StochRSI indicator by connecting the opening prices of the falling candles.
When connecting the low points, you can connect the low points regardless of whether it is a falling candle or an rising candle.
This is because I think it best expresses the trend and volatility period based on my experience using it.
When drawing the Fibonacci ratio and when drawing the trend line, the selection points are different, so you should draw it with this in mind.
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If it is drawn as above, you can see that the chart is ready to be analyzed.
Since the channeling most commonly used in chart analysis has been formed, I think chart analysis will not be difficult.
However, the above method is a drawing for chart analysis, so it is not suitable for trading.
This is an important point.
If you are good at chart analysis, but wonder why you lose money when trading, you should change the drawing of support and resistance points.
Do not trade with Fibonacci ratios, but mark support and resistance points according to the candle arrangement on the 1M, 1W, and 1D charts and create a trading strategy according to their importance.
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The chart above shows the support and resistance points drawn on the 1M, 1W, and 1D charts.
To display this, we used the HA-High, HA-Low, OBV 0, OBV Up, OBV Down, BW (100), Mid (50), BW (0) indicators.
To display the exact volatility period, we also need to draw a trend line on the 1M, 1W chart.
The indicators that are important for support and resistance points are HA-Low, HA-High, BW (100), BW (0).
Therefore, the point where the trend line intersects this point is likely to correspond to the volatility period.
It is not accurate because it is displayed only with the trend line that was created right away, but I think it explains well how to display the volatility period.
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If you display the volatility period like this and hide all indicators, you will have a complete chart that can be used for trading.
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Have a good time.
Thank you.
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HA-MS
The Coin Market is Different from the Stock Market
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The coin market discloses a lot of information compared to the stock market.
Among them, it discloses the flow of funds.
Most of the funds in the coin market are flowing in through USDT, and it can be said that it currently manages the largest amount of funds.
Therefore, unlike the stock market, individual investors can also roughly know the flow of funds.
Therefore, you can see that it is more transparent than other investment markets.
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USDT continues to update its ATH.
You can see that funds are continuously flowing into the coin market through USDT.
USDC has been falling since July 22 and has not yet recovered.
The important support and resistance level of USDC is 26.525B.
Therefore, if it is maintained above 26.525B, I think there is a high possibility that funds will flow in.
If you look at the fund size of USDT and USDC, you can see that USDT is more than twice as high.
Therefore, it can be said that USDT is the fund that has a big influence on the coin market.
USDC is likely to be composed of US funds.
Therefore, if more funds flow in through USDC, I think the coin market is likely to develop into a clearer investment market.
But it is not all good.
This is because the more the coin market develops into a clearer investment market, the more likely it is to be affected by the existing investment market, that is, the watch market.
This is because large investment companies are working to link the coin market with the coin market in order to make the coin market an investment product that they can operate.
In order for the coin market to be swayed by the coin-related investment product launched in the stock market, more funds must flow into the coin market through USDC.
Otherwise, it is highly likely that it will eventually be swayed by the flow of USDT funds.
Therefore, USDC is likely to have a short-term influence on the coin market at present.
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As mentioned above, the most important thing in the investment market is the flow of funds.
The flow of funds in the coin market can be seen as maintaining an upward trend.
Therefore, there are more and more people who say that there are signs of a major bear market these days, but their position seems to be judging the situation from a global perspective and political perspective.
As mentioned above, the funds that still dominate the coin market are USDT funds, which are an unspecified number of funds.
Therefore, I think that the coin market should not be predicted based on global perspectives and political situations.
The start of the major bear market in the coin market is when USDT starts to show a gap downtrend.
Until then, I dare say that the coin market is likely to maintain its current uptrend.
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(BTCUSDT 1D chart)
The StochRSI indicator is approaching its highest point (100), and the uptrend is reaching its peak.
Accordingly, the pressure to decline will increase over time.
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(1W chart)
The StochRSI indicator is also in the overbought zone on the 1W chart.
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(1M chart)
On the 1M chart, the StochRSI indicator is showing signs of entering the overbought zone, but it is not expected to enter the oversold zone due to the current rise.
The movement of the 1M chart should be checked again when a new candle is created.
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You can see that the StochRSI indicator on the 1M chart is the most unusual among the three charts above.
In the finger area on the 1M chart, the StochRSI indicator was in the overbought zone, but it is currently showing signs of entering the oversold zone.
Therefore, you can see that the current movement is different from the past movement.
Therefore, I think it is not right to predict the current flow by substituting past dates.
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I wrote down my thoughts on the recent comments from famous people who say that the coin market will enter a major bear market along with the stock market.
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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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Chart with trend(MACD), momentum(DMI), and market strength(OBV)
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BW+ indicator is an indicator that comprehensively evaluates MACD, DMI, and OBV indicators.
Therefore, knowledge of MACD, DMI, and OBV indicators is required.
I added the existing HA-Low and HA-High indicators to express the section to start trading more clearly.
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The indicators have changed and been supplemented a lot over the past 6 years of using TradingView.
It was not easy to express my trading method as an indicator.
Because of this, I think there are people who unintentionally interpret my writing differently from what I think.
So, to narrow this gap, I am explaining the indicators used in my article.
Since these indicators are automatically generated by a formula, no one can change them.
Therefore, I think anyone can look at the chart and interpret it from the same perspective.
However, there may be differences in interpretation depending on one's investment style or average purchase price.
However, since everyone talks about the same point, there will be no confusion.
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When talking to each other in the community, if you talk with the chart tool you drew, you may talk differently and there may be room for misunderstanding.
So, I think the conversation often goes in a strange direction because the conversation ends up talking about whether it is LONG or SHORT right now.
I think that charts drawn with chart tools are not very meaningful because they only show a part of the person's thoughts through chart analysis.
This is because they do not tell you the selection point using the chart tool, so interpretation or understanding is lacking.
Therefore, you cannot apply such content to your own chart.
So, since it can't be used as a trading strategy, I can't help but just say, "Oh, that could be possible."
However, if there is a chart that everyone can see and no one can change, I think it would be easier to talk and reflect each other's thoughts on my trading strategy.
I think that because of that, I can find out what I lacked and supplement it.
Not everyone sees the same thing and thinks the same, but if the basic point of the thought is the same, I think it can help me make other people's thoughts my own.
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Anyway, I hope that this chart change will help you create a clearer analysis or trading strategy.
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The MACD indicator added to the chart is an indicator with a modified formula from the existing MACD indicator, but the interpretation method is the same.
That is,
- If MACD > Signal, it is interpreted as an upward trend,
- If MACD < Signal, it is interpreted as a downward trend.
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The DMI indicator added to the chart simplifies the interpretation of the existing D+, D- indicators by expressing them as lines on the ADX line.
That is,
- The section expressed in Aqua color means a downward section,
- The section expressed in Orange means an upward section.
- When ADX is above 25, it means that the strength of the upward or downward movement is strong,
- When it is below 25, it means that there is a high possibility of forming a box section or sideways section.
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The OBV indicator added to the chart means an upward trend when each line is broken upward, and a downward trend when it is broken downward.
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The indicator that expresses the contents explained above is the BW v1.0 indicator.
In order to see this more intuitively, the BW (100), BW (0), and Mid (50) indicators were added so that they can be expressed in the price candle section.
In addition, there are also High (80 Down), Low (20 Up) indicators.
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It is never easy to interpret each indicator and evaluate it comprehensively.
It is especially difficult when trading in real time.
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When interpreting the BW v1.0 indicator, it is basically divided into rising and falling based on the 50 point.
Therefore, passing the 50 point increases the possibility of a significant change in the trend.
Therefore, it seems that trading can be done based on whether there is support near the Mid (50) line generated when the BW indicator passes the 50 point, but this is not the case.
The reason is that volatility is likely to occur when a change in trend occurs.
When volatility occurs, your trading point will go up and down, so psychological pressure will increase and you may proceed with an inappropriate trade.
Therefore, a good point to start trading is the BW (0), BW (100) or HA-Low, HA-High point.
Since these indicators are generated at the boundary of the low or high point range, if you start trading based on whether there is support, you are more likely to get good results.
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In any case, you should think in line with your average purchase price.
Otherwise, if you trade incorrectly due to psychological pressure when you get close to the average purchase price, you may end up with little profit or even a loss.
This means that when you start a new trade, it is better to start near the BW (0), BW (100), HA-Low, and HA-High indicators as mentioned above.
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Have a good time.
Thank you.
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Misconceptions and Truths about Paper Trading
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TradingView also supports Paper Trading.
For more information, please click the link below. www.tradingview.com
More flexibility: change your Paper Trading account currency :
www.tradingview.com
Even more seamless order design — directly on chart :
www.tradingview.com
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Paper Trading is thought to support trading practice for beginners.
However, this is a wrong idea.
If you lack prior knowledge about trading or have no concept of trading strategy, you should not do paper trading.
The reason is that the psychological burden is different.
The success or failure of a trade is thought to be the result of trading strategy or response ability, but in reality, it can be said that it is determined by the battle with oneself and psychological state.
This means that psychological state has a significant impact on trading.
Therefore, paper trading should be considered as a transaction that is conducted to confirm one's trading strategy and response strategy after completing chart analysis.
If you have completed some verification of your trading strategy or response strategy, you should continue to conduct actual trading even if you suffer a loss.
The reason is that you should not forget that you can only gain know-how in trading through actual trading.
Therefore, paper trading should not be used to practice mid- to long-term trading, but should be used to verify trading strategies or response strategies for short-term trading or day trading.
In order to do so, you must close the transaction by selling or cutting your loss.
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For more information on trading orders in paper trading, please refer to the explanation through the link above.
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You can proceed with Paper Trading by clicking the Trading Panel at the bottom menu of the TradingView chart.
If you connect to a Paper Trading account, you can start with an initial fund of 100,000.
If the Buy/Sell button is not activated, activate the chart settings to activate the Buy/Sell button before proceeding with the trade.
Right-click on the space in the price candle area to activate the window, and then hover your mouse over the Trade section to check the trading order or trading settings (when you click the Trading menu in the Chart Settings window).
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In addition, TradingView is linked to a real exchange and supports real trading.
It supports various exchanges, so I recommend you to check if there is an exchange that you are trading on.
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Have a good time.
Thank you.
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Example of Conditions for Starting Trading
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I will publish in advance due to an external schedule tomorrow.
Accordingly, I will take time to provide additional explanations on the ideas published today.
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I will talk about the basis for indicating the direction of progress shown in the chart above.
In order to differentiate from other people's analyses, I am trying to explain the basis for indicating the support and resistance points or sections on the chart.
I think that if you understand why those points and sections were set, you will eventually be able to understand them without having to read the explanation all the way through.
For this, more support and resistance points are needed.
This is because we can select the volatility period by additionally drawing the trend line.
However, since all of these processes are displayed on the chart, there are many complaints that the chart is messy and confusing, so we are trying to reduce them as much as possible.
Therefore, there are cases where the chart is displayed in two versions.
The chart below is a chart that shows many support and resistance points and draws a trend line to select the volatility period.
Therefore, since the support and resistance points may be displayed differently, it is recommended that you refer to the points or sections that I have written.
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The conditions for starting a transaction are simpler than they look.
However, when these conditions are met, the support and resistance points drawn on the 1M, 1W, and 1D charts must be displayed.
Therefore, even if the conditions for starting a transaction are met, if the support and resistance points are not displayed at the corresponding price, you cannot start a transaction.
Please read this carefully and thank you.
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(It would be good to see this as an example of how to find the conditions that fit you and how to utilize them.)
Conditions for starting a transaction are
1. Buying time conditions
- When the StochRSI indicator rises in the oversold range and maintains the state of StochRSI > StochRSI EMA
- When the BW indicator forms a horizontal line at the lowest point (0)
- When the OBV indicator rises below the 0 point
- When the DMI indicator rises below the 0 point
2. Selling time conditions
- When the StochRSI indicator falls in the overbought range and maintains the state of StochRSI < StochRSI EMA
- When the BW indicator forms a horizontal line at the highest point (100)
- When the OBV indicator falls above the 0 point
- When the DMI indicator falls above the 0 point
When the above conditions are met, check whether there is support at the support and resistance points drawn near the price. Confirmation is used to proceed with the transaction.
The current price position is 60672.0-61099.25.
Therefore, you can proceed with the transaction depending on whether there is support in this section.
Since it is currently falling below 60672.0, there is nothing you can do in spot trading other than cutting losses.
In futures trading, you can enter with a sell (SHORT) position.
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It is rare for all the conditions for starting a transaction mentioned above to be met.
Therefore, it is recommended to basically check whether the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), and then proceed with the transaction by checking the movement of the StochRSI indicator.
Also, it is recommended to select a split sell section to make a profit by calculating the fluctuation range while checking the strength of the rise or fall with OBV and DMI.
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In summary of the above,
Since the StochRSI indicator has not yet risen from the oversold zone and StochRSI < StochRSI EMA, it is recommended to check whether a reversal is occurring.
Also, you should check whether the BW indicator has fallen to the lowest point (0) and formed a horizontal line.
If the OBV and DMI indicators rise below the 0 point without meeting these conditions, you should proceed with an aggressive purchase (a transaction that requires a quick response similar to scalping or day trading).
If you do not proceed with an aggressive purchase, you should wait.
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It is not a good idea to enter a current sell (SHORT) position in futures trading.
However, if you proceed with an aggressive transaction (scalping or day trading), you can start trading.
The reason why it is not a good condition for trading is because the price is located in the 1. purchase timing condition section among the conditions for starting a transaction mentioned above.
Therefore, the profit is small or you may even suffer a loss.
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If you are not currently trading, I think the section where you should trade is when it rises around 61K.
Before that, it is highly likely that you will not be able to purchase because it seems like it will fall further.
I think this point, or the section where you actually trade, is the psychological volume profile section.
This psychological volume profile section is the section where psychology applies that you must trade even now.
Since this point is ultimately a low or high point, it is a section where you are likely to incur losses if you purchase.
The 61K section that I mentioned earlier is a section where it is highly likely to be a low point, so it is a section where you are likely to incur losses if you cut your loss or enter a sell (SHORT) position.
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If it shows resistance near 60672.0, there is a possibility that a sharp decline will occur momentarily and touch 59K and then rise.
This phenomenon can be a fake or a sweep movement, so you need to be careful.
In order to avoid losses from this phenomenon, auxiliary indicators are necessary.
Since auxiliary indicators are lagging, they are unlikely to show large movements in sudden price fluctuations.
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What I am talking about is not a method of chart analysis, but an example of how to set a standard for trading.
Therefore, I hope you do not misunderstand the above as about chart analysis.
Since chart analysis and trading are different, what you see on the chart is also different.
In order to complement this difference, what is needed is the support and resistance points drawn on the 1M, 1W, and 1D charts.
Since charts without support and resistance points are likely to be for chart analysis, there is no need to try to find a trading point on these charts.
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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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Activate the alarm function when touching the set indicator
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One of the good things about using TradingView charts is that you can use the alarm function.
This alarm function has a limit on the number depending on the plan you use, so please check it out.
I will take the time to explain the alarm function using my chart.
It is hard, boring, and tedious to just look at the chart until you meet the desired trading point or criteria.
If you do that, you may end up making a wrong trade or missing the trading period while doing something else.
If you create an alarm and change the Value section to the HA-MS_BW indicator, multiple indicators will be displayed.
The indicators currently activated on the chart are HA-Low, HA-High, BW, and M-Signal indicators on the 1D chart, so you can select BW or HA-Low, LH, LL and check if the alarm turns on when they cross.
When looking at the 15m chart, since it is moving sideways in the box section of the HA-Low indicator, if you set it to LH, LL indicator, the alarm will come when you touch the upper or lower point of the box.
Then, you can use it conveniently when you want to trade within the box section.
If you want to trade in a large trend, I think it would be good to set the alarm to turn on when you touch the 5EMA on the 1D chart.
Or, you can set the alarm to turn on when the OBV indicator breaks through the high (HH) or low (LL) line upward.
If you are a paid member of TradingView, I highly recommend using the alarm function.
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Have a good time.
Thank you.
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- Big picture
The real uptrend is expected to start after it rises above 29K.
The area 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 occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#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
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The key to starting a trade is support and resistance points
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As you study candles, you will learn about trend reversal sections.
Therefore, rather than learning the shapes or patterns of candles, when you study them, you will be able to see the support and resistance points and sections made up of the selling area and trend reversal sections in a big picture.
Therefore, rather than trying to memorize the shapes or arrangements of candles, it is important to see whether support and resistance points and sections are formed when such shapes, arrangements, and patterns appear.
The same goes for other studies related to charts.
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As you study candles, you will find that what you have studied appears in the sections where candles are gathered.
These areas are drawn as horizontal lines to indicate support and resistance points.
However, objective information is needed to conduct trading on the horizontal lines drawn like this.
Otherwise, even the support and resistance points you drew will likely become useless lines if you conduct barrack trading because you don't trust them.
Be careful because your psychological state will interfere with analyzing the chart.
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The easiest way to obtain this objective information is the Heikin Ashi chart and the Renko chart.
The Heikin Ashi chart and the Renko chart help you check the trend because they show fewer fakes and sweeps.
(Heikin Ashi chart)
(Renko chart)
Among these, you can immediately see that the Renko chart is a bit easier to find support and resistance points.
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You can think of the points near the end of the blocks on the Renko chart as having strong support and resistance points.
Therefore, among the horizontal lines drawn on the chart above, the 2800.0 and 4000.0 points are the end points of three blocks, so they can be seen as strong support and resistance points.
If you change the Renko chart to a regular candle chart, you can clearly see that it will form support and resistance points or sections.
However, since the Renko chart changes the price in blocks, it is difficult to trade at this point.
Therefore, the Heikin Ashi chart or Renko chart is good to use when analyzing the chart, but it is difficult to trade.
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To compensate for this, we created a horizontal line at the price position using indicators (StochRSI, OBV, CCI, RSI) that have been used for a long time.
The horizontal line connected to the current candle position plays the role of the current support and resistance point.
And, since the longer the horizontal line, the stronger the support and resistance role, you can see that it plays the role of support and resistance even if it is not connected to the current candle.
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The support and resistance points drawn on the Heikin Ashi chart or Renko chart are difficult to use for trading, but you can easily check the support and resistance section by looking at only the 1D chart.
However, in order to display support and resistance points with a general candle chart, support and resistance points must be displayed on the 1M, 1W, and 1D charts.
And, the order of charts with strong support and resistance is 1M > 1W > 1D charts.
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When you look at the 1M, 1W, and 1D charts using the HA-MS indicator, horizontal lines like the above are displayed.
You can display them by changing the line type or line thickness to make them easier to see and then proceed with trading.
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The above content corresponds to the method of finding support and resistance points included in general chart-related books.
Of course, it is different from the explanation in the chart-related book, but I explained how to use indicators to more clearly indicate support and resistance points.
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Even if you trade with the support and resistance points above, it will not work well when you actually trade.
This is because you are not familiar with the most important trading strategy in trading.
In conclusion, the most important thing is to create a trading strategy, rather than finding the support and resistance points explained above, looking at the trend line, or looking at indicators.
However, it is very difficult to create a trading strategy that fits your investment style from the beginning.
So, you should practice creating a trading strategy that suits you while trading based on the information of the objective chart.
In order to trade, you need to decide on the following three things:
1. Investment period
2. Investment size
3. Trading method and profit realization method
The above three things must be determined.
No. 1 and 2 are determined according to your investment style.
Therefore, it is recommended not to change No. 1 and 2 after you start trading.
3. Based on the information of the actual chart, the buy section, sell section, and stop loss point are determined.
In addition, the profit realization method can be determined according to the investment period.
The profit realization method is:
1. How to get cash profit
2. How to increase the coin (token) corresponding to the profit
There are methods 1 and 2 above.
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In order to create a trading strategy, it is important to display all the information you want on the chart before starting the transaction.
If you do not, and then display lines on the chart after starting the transaction, psychological factors will be added and displayed, so the possibility of not trusting the lines drawn after starting the transaction increases.
To prevent this, it does not matter if you use the indicator added to the HA-MS indicator.
The reason is because it is objective information.
You should increase profits or reduce losses by adjusting the investment ratio while conducting the transaction using this objective information.
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Have a good time.
Thank you.
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Basic example of starting a trade
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Please click "Boost" as well.
Have a nice day today.
-------------------------------------
This is an example of starting a trade, explaining that you should objectively define the basics that are right for you.
Therefore, I hope that this will be an opportunity to reexamine your trading judgment criteria rather than judging it as right or wrong.
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It is showing a downward trend without breaking through the sell line of the superTrend indicator.
Accordingly, the key is whether it can receive support near the M-Signal indicator (approximately 59953.52) on the 1W chart and rise above 60672.0-61099.25.
If not, you should check whether it is supported near the MS-Signal (M-Signal on the 1D chart).
Therefore,
1st: 59053.55
2nd: 57889.10
You should check whether it is supported near the 1st and 2nd above.
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Usually, there are many cases where you trade impulsively based on your psychological state.
To prevent this, it is good to have an objective trading method according to your investment style.
This objectification is best done at the support and resistance points drawn on the 1M, 1W, and 1D charts.
Therefore, it is good to trade based on whether it is supported near 59053.55 or 60720.0-61099.25.
However, judging whether it is supported only by sight can lead to an incorrect judgment depending on psychological factors that occur during trading, so it is good to have objective information as the basis for judgment.
It refers to indicators added to the chart as objective information.
The MS-Signal indicator is used as a trend-related indicator, which is the M-Signal indicator of the 1M, 1W, and 1D charts.
As a trading-related indicator, the HA-Low, HA-High indicators and their corresponding box sections, superTend, and volume profile are used.
As a trading-related reference auxiliary indicator, the BW indicator and StochRSI indicator are used.
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If we explain the current movement by referring to these indicators,
- The superTrend indicator, which is passing around 60672.0-61099.25, has failed to rise above the sell line,
- It is showing a downward trend below the M-Signal indicator of the 1W chart,
- The StochRSI indicator is showing a trend of changing from an upward to a downward slope in the overbought section. However, since the StochRSI indicator has not yet fallen from the overbought zone and is not in a state where StochRSI < StochRSI EMA, it is difficult to see it as a downward turn.
Therefore, an aggressive sell (SHORT) is possible between the M-Signal indicator of the 1W chart and the 60672.0-61099.25 range.
Afterwards, when the StochRSI indicator falls from the overbought zone and becomes a state where StochRSI < StochRSI EMA, if it shows resistance near 59053.55 or the MS-Signal (M-Signal on the 1D chart) indicator, you can sell (SHORT).
If it is supported at the point mentioned above, you can buy (LONG).
However, it is recommended to check whether the state has been changed to StochRSI > StochRSI EMA.
If not, it can pretend to rise and fall right away.
-
Have a good time. Thank you.
--------------------------------------------------
- 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 the 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
-----------------
Chart Analysis: Establishing Trading Strategies
---------------------------------
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When you start studying charts, the first thing you learn is about candles.
However, you start studying about the Open, Close, High, and Low of candles.
When you start studying about the Moving Average, you start to think that you understand the charts.
However, when you actually start trading with the Moving Average, you realize that nothing works properly.
So, you start studying other indicators.
-
The above is based on my experience. When you study various charts, you may think you know them, but when you actually start trading, you realize that they don't apply at all.
Where on earth did I go wrong?... What I learned after a long time is that I was wrong from the very beginning.
-
In other words, I realized that my subsequent chart studies were not done properly because I lacked understanding of candles.
When you start studying candles, you study candles of various shapes and patterns.
At this time, you should not be too obsessed with the names of candle shapes or patterns or the conditions that occur and try to memorize them.
It is important to read it repeatedly several times until you can grasp the concept of the arrangements formed by the combination of candle shapes or patterns, that is, the support and resistance points.
Eventually, when the candle shapes or patterns are combined, you can find the volume profile section formed around it, that is, the section where trading volume occurs.
By drawing and marking the support and resistance points you find in this way on 1M, 1W, and 1D charts, you can create a trading strategy on the charts you mainly trade.
That's all the experts in chart analysis say.
In the end, everything is about looking at the combination of candles that make up the chart, finding the corresponding support and resistance points, and trading according to your trading strategy.
A trading strategy is to create a response strategy at the corresponding support and resistance points based on the three things above:
1. Investment period
2. Investment size
3. Trading method and profit realization method
However, since most books do not include trading strategies, you will only learn about the timing of trading and closing of trading using various indicators.
Because of this, there are many cases where you cannot respond to the volatility that occurs after starting trading and end up losing money.
Even so, it is difficult to specifically define the contents of trading strategies.
This is because the investment period, investment size, and trading method are different depending on the individual's investment style.
Therefore, what I can tell you is that you need to set the buy, sell, and stop loss points according to the support and resistance points obtained through chart analysis and wait for a while.
Due to price volatility, you may not touch the buy, sell, and stop loss points or may move past them.
You should learn how to create a trading strategy by modifying the way you respond to these things according to your investment style.
-
One important thing here is that you should mark the support and resistance points in advance through chart analysis before starting trading.
Otherwise, if you start trading and then mark support and resistance points, psychological factors will come into play, which will likely lead to an unexpected transaction.
Don't forget this, and you should practice marking support and resistance points in advance before starting a transaction.
Also, you should avoid analyzing charts after listening to various articles, news, or community content.
The reason is that psychological factors can come into play.
-
I think trading is a response to the movement of prices that fluctuate in real time.
Therefore, waiting and determination are necessary.
If you wait too long or do not make a decision and pass it by, there is a high possibility that you will suffer losses or make little profit, so you need something to refer to when waiting or making a decision.
That is the support and resistance points I mentioned above.
-
However, support and resistance points alone do not solve everything.
Therefore, you should add trend lines and various indicators to ask for a method of responding to price fluctuations.
However, since the trend line is formed by a diagonal line, there is a lack of countermeasure strategies using the trend line.
Therefore, the trend line is used to literally find out what the current trend is.
-
Therefore, when it deviates from the trend line, the movement at the support and resistance points is checked and the corresponding response is made.
When trading with a chart consisting of the above two support and resistance points or only the trend line, there are often cases where the transaction cannot be properly conducted due to fakes or sweeps.
Therefore, in order to counter these fakes or sweeps, various indicators are added to the chart.
The most commonly used of these is the price moving average.
Even if you add the price moving average, you realize that it is a curve, just like the trend line, and is therefore not suitable for countermeasure strategies.
So, the price moving average is also used to check the trend, just like the trend line.
-
In that regard, the indicator I recommend is the StochRSI indicator.
The default settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
The value of the Signal line (EMA) of the StochRSI indicator is 7.
If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a buying period.
On the other hand, if the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a selling period.
However, you should trade depending on whether there is support or resistance at the support and resistance points formed at that location.
Even if there is movement in the StochRSI indicator, it is recommended not to trade if you do not have support and resistance points drawn on the 1M, 1W, and 1D charts.
The reason is that you may feel psychologically anxious, so there is a possibility that the trade will proceed incorrectly.
-
If you can trade with only what I mentioned above and make an average profit, it is because you have established a trading strategy according to your investment style.
-
We need objective information to establish a trading strategy according to your investment style.
We think that this is the only way to minimize the psychological factors that arise when starting a trade.
If you can add various indicators to the chart to obtain objective information and receive support and resistance point information according to them, you can create a trading strategy according to them at any time.
To do this, we used the StochRSI, OBV, CCI, and RSI indicators to display support and resistance points on the price candle part.
And, we added the StochRSI and BW indicators as auxiliary indicators.
The StochRSI indicator added as an auxiliary indicator is not the StochRSI indicator provided by default, but an indicator with a modified formula, so you can share the chart and use it or copy and paste the TS-BW UP indicator to your own chart and use it.
There is no problem using the basic StochRSI indicator.
However, there is a slight difference from what I said, so there may be a slight problem in understanding.
-
As above, since the support and resistance points of the 1M, 1W, and 1D charts are drawn on the chart to create a trading strategy, my chart is very confusing and not easy to understand when you first look at it.
And, since there are many indicators that I have not explained, it may be even more difficult to see the chart.
Therefore, to resolve the difficult parts, share the chart, hide the indicators added to the chart, and activate them one by one while looking at them, and you will be able to understand the chart.
If you share the chart, you can use it normally, so you can check the chart from various angles.
-
Have a good time.
Thank you.
--------------------------------------------------
Finding a section to start tradingHello, traders.
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-------------------------------------
The BW indicator included in the TS - BW indicator is an indicator expressed by synthesizing the MACD, StochRSI, CCI, PVT, and superTrend indicators.
When the BW indicator
- records a high point, it is time to sell, and
- When it records a low point, it is time to buy.
The BW indicator in the price candle section is the same as the BW indicator included in the TS - BW indicator, but it is an indicator that is expressed in the price candle when a horizontal line is formed at the highest or lowest point.
If you look at the position of the BW indicator expressed in the price candle section, you can know when to proceed with a trade.
I think you can be confident about starting a trade by referring to the status of the MS-Signal (M-Signal on 1D, 1W, 1M charts) indicator that can confirm the trend.
If you add the HA-Low, HA-High indicators here, you can create a more detailed trading strategy.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section that is 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: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#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
-----------------
My interpretation of the superTrend indicatorHello, traders.
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-------------------------------------
I think the superTrend indicator is a good indicator for checking trends.
Also, when the superTrend indicator shows a horizontal line, it can act as support and resistance, so I think it is an even better indicator.
However, it is difficult to use it in trading by adding it to the chart.
Therefore, I think it is one of the indicators that is not used much when actually trading.
In my chart, it is used to construct the BW indicator, but this is the reason why it is not displayed near the actual price chart.
The superTrend indicator creates a buy line and a sell line.
When the buy line forms a horizontal line, it can be interpreted as a buying period if it shows support.
On the other hand, when the sell line forms a horizontal line, it can be interpreted as a selling period if it shows resistance.
However, when the buy line or sell line is created by breaking, it can be used as an opposite concept.
Therefore, when the buy line -> sell line changes, it should be interpreted as a loss-cutting period.
On the other hand, when the sell line -> buy line changes, it should be interpreted as an (aggressive) buying period.
Therefore, when the lines intersect, you should draw a separate horizontal line and create a response strategy.
As explained above, you can see that there are two ways to interpret the supperTrend indicator.
Therefore, you should look at how the buy line or sell line is created.
You should look at whether the buy line or sell line is connected by a line or created by intersecting each other, and create a response strategy accordingly.
It is also better to use the superTrend indicator with other indicators rather than using it alone.
In my chart, I recommend looking at it with the MS-Signal indicator (M-Signal on 1M, 1W, and 1D charts).
The reason is that the superTrend indicator is also a trend indicator.
If you use the MS-Signal indicator, you may wonder if you really need to use the superTrend indicator, but I think it is worth using because the superTrend indicator also has areas that play the role of support and resistance.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is 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: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#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
-----------------
Trend lines are also lagging(?)Hello, traders.
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-------------------------------------
I think trend lines are drawn to find out the trend that appears when candles are formed.
Therefore, since they are drawn after candles are formed, they can be called lagging.
However, since there is a characteristic of moving along a trend that has been formed unless there is a special issue, chart analysis is done by referring to trend lines.
To draw trend lines, you need to understand the arrangement of candles.
If not, there is a high possibility that it will be a meaningless line, so you need to study candles in advance to draw trend lines.
The point to use as a reference when drawing trend lines may vary depending on your investment style.
When drawing a trend line, I draw it according to the following rules.
1. Connect the opening price of the falling candle among the price candles corresponding to the high point of the StochRSI indicator (indicated by the blue line)
2. Connect the low point of the price candles corresponding to the low point of the StochRSI indicator (indicated by the light green (#00FF00) line)
The setting values of the StochRSI indicator are 3, 3, 14, 7 (K, D, RSI, Stoch).
However, the source value is the value of the Heikin-Ashi candle (Open + Close) / 2.
The difference can be confirmed by the StochRSI indicator and the Stoch RSI indicator of the TS - BW indicator on the chart.
1. Use the high point formed when the StochRSI indicator rises above 80,
2. Use the low point formed when the StochRSI indicator falls below 20.
Exclude any low or high points formed other than these.
The trend line connecting the low points can be connected by connecting the low points of the price candles.
However, the trend line connecting the high points must connect the opening price of the falling candle among the price candles, so when the price candle where the high point of the StochRSI indicator is formed is an upward candle, the opening price of the first falling candle among the right candles is specified and used.
Therefore, since there is a difference between the StochRSI indicator of the TS -BW indicator and the general StochRSI indicator, it is recommended to use the StochRSI indicator formula of the TS - BW indicator if possible.
When the StochRSI indicator entered the oversold zone and formed two low points, the trend line was not drawn by connecting the two low points.
Therefore, the trend line is drawn as shown on the chart.
Both the most recently drawn trend lines (1) and (2) are down, so it seems likely that a change in trend will occur.
However, since it is virtually impossible to know with just the trend line, it is recommended to comprehensively evaluate by adding auxiliary indicators.
Therefore, it is recommended to refer to the BW indicator, which displays MACD, StochRSI, CCI, PVT, and SuperTrend indicators.
If the BW indicator is rising from the 0 point, it means that the trend is rising.
On the contrary, if it is falling from the 0 point, it means that the trend is falling.
Since the BW indicator is currently above the 0 point, we can see that the trend is rising.
Therefore, when looking at the trend line and the BW indicator comprehensively, we can respond by selling when it falls from the recently drawn trend lines (1) and (2).
However, since the BW indicator is in an upward trend, it is recommended to respond with a split sell rather than a 100% sell.
It is still difficult to determine the timing of trading with the trend line alone.
Therefore, it is recommended to select the timing of trading by indicating the support and resistance points.
In that sense, it is a good idea to add HA-Low, HA-High indicators and use them to select the trading period.
Even if you do not use HA-Low, HA-High indicators, you should draw support and resistance lines according to the arrangement of candles on the 1M, 1W, and 1D charts and mark them on the chart to select the trading period.
The good thing about using indicators that indicate support and resistance points is that the support and resistance points do not change depending on your psychological state.
When you start trading, your psychological state may become unstable due to price volatility, and if you are in an unstable psychological state, you may draw a line incorrectly, which may result in an unreliable line.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The next expected range to touch is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
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
-----------------
Introducing another way to display volume profile sectionsHello traders!
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-------------------------------------
The indicators activated in the settings are those created by trading volume.
Therefore, this indicator represents the volume profile section.
The indicator that the arrow points to is the indicator I mentioned earlier.
By looking at this indicator together with volume candles, you can more clearly identify the volume profile section and support and resistance sections.
In addition, you can verify the start of trading by checking the movement of the BW indicator, which consists of five indicators, namely MACD, StochRSI, CCI, PVT, and superTrend indicators.
BW-MACD, BW-StochRSI, BW-CCI, BW-PVT, and BW-superTrend indicators are displayed separately to help you understand the indicators.
Once your trading timing has been selected, you need to create a trading strategy that suits your investment style.
What is important in creating a trading strategy that suits your investment style is the investment period and investment size.
Once the investment period and investment size have been decided, you must create a trading method and profit realization method using the information obtained from chart analysis.
Trading methods include buying, selling, and stop loss methods.
The purchase method should focus on how to lower the average purchase price by purchasing in installments.
At that time, when the price falls below the stop loss point and shows resistance, you need to think about how to proceed with selling.
When taking a stop loss, you must proceed according to the investment period you have set.
For example, if you decide to trade within one wave as a short-term trade and proceed with the trade, but the price falls below the stop loss point, you should be able to sell 100% and then watch the situation.
If the price rises after purchasing, you must proceed with selling according to the selling method.
The selling method must also be carried out according to the investment period.
However, the method of increasing the number of coins (tokens) corresponding to profit by selling the amount equal to the purchase amount can be continued into mid- to long-term trading even if the transaction was done through day trading or short-term trading.
The reason is that the average purchase price of coins (tokens) corresponding to profits is 0.
If you add other indicators to help you conduct split transactions based on price fluctuations, the chart will look like the one above.
If the chart is unfamiliar to your eyes,
It is recommended to view only the HA-Low, HA-High indicators and the M-Signal indicators of the 1D, 1W, and 1M charts.
Have a good time.
thank you
--------------------------------------------------
- The big picture
A full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-----------------
Establish a trading strategy that suits your investment styleHello traders!
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-------------------------------------
(QIUSDT 1M chart)
The key is whether it can receive support and rise around 0.01550-0.01939.
If not, it is highly likely that the flow is to create a middle section in the form of a bottom.
(1W chart)
Since the HA-High indicator is formed at the 0.02464 point, it is highly likely that the price will continue its upward trend if it rises above 0.02464 and maintains the price.
However, since a psychological volume profile section has been formed up to the 0.03732 point, a full-fledged upward trend is expected to begin only when it rises above this point.
If it falls below 0.01550 and shows resistance, it is likely to fall near the HA-Low indicator.
Currently, the HA-Low indicator is formed at 0.00736.
However, as the price falls, there is a possibility that a new HA-Low indicator will be created, so support near the HA-Low indicator is important.
(1D chart)
The HA-Low indicator is formed at 0.01560.
Accordingly, the key is whether it can receive support and rise in the important area around 0.01550-0.01939.
If the price falls below the HA-Low indicator and shows resistance, there is a high possibility of a cascading decline, so a countermeasure is needed.
Since a volume profile section is formed at the 0.0122 point, you need to check whether you can receive support around this area.
The HA-High indicator is formed at 0.02715.
Since the HA-High indicator on the 1W chart is formed at the 0.02464 point, the 0.02464-0.02715 section is likely to be a resistance zone.
If it receives support in the 0.02464-0.02715 range and rises, it is likely that an upward trend will begin.
However, since the 0.03549-0.03732 section may again serve as a resistance section, a countermeasure is needed.
-------------------------------------------------- ----
To trade by looking at this chart, you need to choose what is most important to you and decide on an appropriate investment period.
If the investment period does not suit your investment style, it is better not to trade.
The reason is that once you start trading, your psychological influence is likely to have a big impact on your trading.
In day trading or short-term trading, it is recommended to buy when support is confirmed in the 0.01550-0.01939 range and sell around 0.02464-0.02715, the first split selling range.
At this time, you must decide whether to sell 100% and receive a cash profit, or whether to sell the purchase principal amount and leave the number of coins (tokens) corresponding to the profit.
For medium to long term trading, I don't think it's time to trade yet.
The reason is that, as mentioned earlier, if it falls below 0.01550-0.01939, there is a high possibility of creating an intermediate section in the form of a bottom.
Therefore, it is recommended to proceed with a split purchase when support appears near the HA-Low indicator of the 1M chart or the HA-Low indicator of the 1W chart.
Therefore, it is most important to create a trading strategy that suits your investment style.
1. Investment period
2. Investment size
3. Trading method and profit realization method
You need to create a trading strategy based on 1-3 above.
Numbers 1 and 2 are to determine the investment period and investment size according to your investment style, so you can make your decision by analyzing charts and checking other coin ecosystems.
Number 3 is to decide on the detailed trading method when you decide to trade, so you must select the buying, selling, and stop-loss method and decide how to realize profits accordingly.
It is useful when conducting mid- to long-term transactions to reserve the number of coins (tokens) corresponding to profit rather than 100% selling.
This is because the purchase price of the coin (token) corresponding to profit is 0.
Have a good time.
thank you
--------------------------------------------------
- The big picture
A full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-----------------
Intuitive chart: Volume Candles chartHello traders!
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-------------------------------------
(Candles chart and Volume Candles chart)
Usually, you see price and volume displayed separately on the chart.
Displaying it this way has the advantage of showing the overall flow, but since it must be viewed separately, it may be difficult to interpret when a quick judgment is required.
In order to trade based on movements in real time, you need to be able to quickly interpret charts.
Therefore, I think it is best to check charts intuitively.
TradingView Charts finally supports Volume Chandles charts.
We combined trading volume with price movements to make it more intuitive and faster to check.
When trading volume is high, the candles appear thick, and when trading volume is low, the candles appear thin.
(Volume Candles chart)
If you add indicators to your chart, you will notice that support and resistance points are more clearly visible.
Starting tomorrow, we will set it up according to the Volume Candles chart and publish it.
Have a good time.
thank you
--------------------------------------------------
Examples of criteria for creating a trading strategyHello traders!
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-------------------------------------
We analyze charts in a variety of ways to determine trends.
I think the important thing is how to create a trading strategy using these analysis methods, not whether you can match the trend or not.
Therefore, even if you know the trend, if you do not create a trading strategy properly, you may end up with small profits or even losses.
Therefore, I think it is extremely important to find support and resistance points that can ultimately create a trading strategy and how to create a trading strategy based on those points.
(Heikin Ashi 1D chart)
(Renko 1D chart)
I think the Heikin Ashi chart and Renko chart supported by TradingView charts are good charts for identifying trends.
However, since the HA-Low and HA-High indicators created using the Heikin Ashi chart are implemented, we will not talk about the Heikin Ashi chart.
The advantage of Heikin Ashi charts and Renko charts is that they reduce fakes and whipsaws.
However, it is not easy to actually trade with only two charts.
That's because it's so difficult to see.
In particular, Renko charts can be more esoteric than Heikin Ashi charts.
The reason is that the price is expressed in certain blocks.
However, if you look at the way the chart is drawn, you can see that fakes and whipsaws have been reduced more than the Heikin Ashi chart.
So, just as I created the HA-Low and HA-High indicators using the Heikin Ashi chart, I am trying to create a standardized trading strategy using the Renko chart.
We added the TS-BW auxiliary indicator used in the existing chart to verify the basic direction.
The overall direction can be verified by whether the BW indicator is in an upward or downward trend.
Additionally, you can verify more detailed direction through the movements of the StochRSI indicator and the StochRSI EMA indicator.
We added the MS-Signal indicator to the price chart section to help you see the chart trend more intuitively.
With the addition of the MS-Signal indicator, I don't think there is a need to add the superTrend indicator.
Since the MS-Signal indicator is a curve, we wanted to help create a trading strategy by adding the superTrend indicator, which is expressed as a line.
Next, in order to create a more confident trading strategy, various indicators are displayed on the price chart so that you can intuitively check support and resistance points.
By doing this, I believe that the Renko chart, which was used as a trend chart, was expressed as a tradable chart.
No matter how good an analysis technique you know, if you cannot create a trading strategy that suits you, your trading is likely to ultimately fail.
Therefore, once you have found an analysis technique that suits you, you should focus on reducing your psychological burden by investing more time in creating a trading strategy rather than trying to develop the analysis technique.
The trading strategy is
1. Investment period
2. Investment size
3. Trading method and profit realization method
I think it consists of the three things above.
Steps 1 and 2 are steps to begin with a broader observation of the coin (token, item) you want to trade rather than the chart.
Therefore, in the coin market, it is necessary to check whether the coin ecosystem is expanding and which themes it is included in.
If you decide to trade a coin (token, item) that has been confirmed in this way, you must look at the chart of the coin (token, item) and create a trading strategy.
The decisions made in steps 1 and 2 of the trading strategy are classified into intraday and medium-term investment, short-term and day trading, etc., and the appropriate investment size is determined. Accordingly, actual purchases, sales, stop losses, etc. are made in step 3. You decide.
When purchasing, it is important to try to estimate the average purchase price as much as possible.
To do this, it is recommended to proceed with split purchases at the support and resistance points expressed in the chart above.
Selling for profit is also recommended through split sales.
However, you should try to sell when the price is rising.
This is because if you sell while the price is rising and falling, it can be quite difficult to create a follow-up trading strategy.
Therefore, when selling, it is recommended to conduct split sales using auxiliary indicators such as the BW indicator and StochRSI indicator.
I think stop-loss is something that should be done when there is a possibility that the price will fall further and cause larger losses.
Therefore, how to sell at the stop loss point is very important.
I believe that you can quickly learn a clear way to practice stop loss by conducting futures trading.
I believe that the overall rate of return is ultimately determined by how well you do your stop loss.
However, if possible, it is important to confirm your profit in advance before taking a stop loss.
Therefore, I think that when deciding buy, sell, or stop-loss points, you should not rely on price issues other than the chart.
This is because issues other than charts add subjective thoughts and can interfere with creating a proper trading strategy.
Therefore, when deciding on step 3 of your trading strategy, it is best to look at the charts first and then read various articles afterwards.
Whatever the method, if you have a trading strategy standard that suits you, that standard is the best trading strategy standard.
No matter how good the trading strategy standard is, if it does not fit your investment style, there is a high possibility that the transaction will ultimately fail.
When studying charts, it is best not to try to memorize the names of patterns or various indicators.
Those names are not helpful at all in creating a trading strategy.
Therefore, when studying charts or analysis techniques, you should try to find out what the key is.
Once you understand the core content, you need to think deeply about how you can use it to create a trading strategy.
You may have difficulty understanding this article because it contains a description of what you learned while conducting the transaction.
Also, it may sound abstract.
However, since it is information obtained through actual trading, I think it can be a way for those studying charts to learn more quickly.
Have a good time.
thank you
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Examples of how to draw and use trend linesHello traders!
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(1W chart)
Usually, the way to draw a trend line is to connect the high point and the high point where the trend changes, or to connect the low point and the low point to display the trend line.
Then, a channel is formed to express movement within that channel.
It is a relatively simple analysis tool that anyone with a good understanding of charts can draw trend lines.
However, I think whether you can use it in actual trading depends on how much you trust the trend line.
However, due to the nature of the trend line, it is expressed as a diagonal line, so it has a fundamental problem that it is not easy to respond even if it deviates from the trend line.
So, in order to trade with information obtained from chart analysis, you must draw support and resistance points close to the horizontal line.
Therefore, in chart analysis, you must have a basic understanding of the candle arrangement.
In my chart, the StochRSI indicator is
1. Use the waves of the StochRSI indicator to check support and resistance at support and resistance points.
2. Used to draw trend lines.
When drawing a trend line with the StochRSI indicator, the oversold section is below 20, the overbought section is above 80, and the trend line is drawn by connecting the points where the vertices are created.
However, the trend line drawn between high points is drawn based on the opening price of the falling candle.
Therefore, draw a trend line by selecting the peak of the StochRSI indicator or the opening price of the nearest bearish candle.
You can draw a trend line by connecting the low points of candles corresponding to the vertices of the trend line, which is drawn by connecting the low points.
For detailed instructions, please refer to the trend line displayed on the chart.
Among the trend lines drawn on the chart, I think that the trend line drawn almost horizontally is actually important.
Otherwise, I think it is a trend line drawn for chart analysis because it is difficult to use diagonal trend lines for trading.
In order to utilize a trend line expressed as a diagonal line, support and resistance points must be displayed together to be considered a trend line that can be used for trading.
When using various chart tools that are used by specifying a selection point, how the selection point is specified is very important.
Therefore, if the criteria are not clear when specifying the selection point, what is drawn using various chart tools cannot be trusted.
To solve this problem to some extent, we used the StochRSI indicator to draw a trend line.
(1D chart)
If you look at the trend lines drawn on the 1D chart, you can see that the two trend lines at the current price position are drawn close to the horizon.
Therefore, the key is whether the price can be maintained by breaking above the trend line of 1.
If this is not the case and it falls below trend line 2, it can be seen that there is a high possibility that it will lead to a further decline.
In that sense, the key is whether it can rise above the HA-High indicator, that is, above 43K.
If it falls, it is likely to touch the HA-Low indicator, so it is important to check for support near the HA-Low indicator when it is generated.
When drawing a trend line using the StochRSI indicator, vertices formed outside of oversold or overbought areas are excluded.
The reason is that the upward or downward intensity is weak.
This is to prevent confusion because if the rising or falling strength is weak, it is likely to be a fake or whipsaw.
It is important to draw in a way that has a solid basis so that you can trust the tools you draw on the chart.
StochRSI settings : 14, 7, 3, 3 (RSI, Stoch, K, D)
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Introduction to one of the basic trading methodsHello traders!
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Basic trading method
(How to purchase)
1. Aggressive buying when falling by more than -10%
2-1. Buy when there is an upward trend on the 1D chart (when the price is maintained above the MS-Signal indicator) and when the candle is a downward candle.
2-2. Buy when there is a downward trend on the 1D chart (when the price is maintained below the MS-Signal indicator) and when the candle breaks upward through important support and resistance points.
Therefore, buy when there is a rising candle.
(Selling method)
1. Split sale when it rises by more than +10%
2. Split selling when the high point cannot be renewed
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The basic trading methods introduced above are methods that can be traded even if you are not familiar with chart analysis.
Among these, I will take the time to explain the trading method corresponding to 2-2 of the purchasing method.
You can know the trend based on the MS-Signal indicator on the 1D chart.
Currently, it has fallen below the MS-Signal indicator, and the MS-Signal indicator has been converted to a downward indication.
Therefore, it should be interpreted that there is a high possibility that the current downward trend will continue.
Therefore, in the basic trading method, you should buy when the candle is below the MS-Signal indicator on the 1D chart, that is, when it is in a downtrend.
Therefore, you should buy after confirming that the price breaks above the support and resistance points.
Basically, you can trade using HA-High, HA-Low indicators and box sections.
If you purchased when it fell more than -10% on January 12, you can proceed with a second purchase if it rises above the HA-High indicator.
You can proceed with aggressive buying when the HA-High indicator breaks above the 43450.03 point.
In that case, you will have to sell it in installments when it appears to be rising and then falling.
If you don't like it, you should check for support at 43450.03.
In order to confirm support, it is necessary to check for at least 1-3 days after rising above 43450.03.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Indicators that can identify trends: MS-Signal indicatorHello?
Traders, welcome.
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Have a good day.
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(LINKUSDT chart)
The composition of the chart consists of price and volume.
Therefore, chart analysis can be interpreted differently depending on how you interpret price and volume.
First of all, if you look at the price part, you can see that the trend and various indicators were created based on price candles and moving averages.
Therefore, it will be difficult to interpret the chart as the concept of the arrangement of the candles and the price moving average is not established.
The array of price candles, that is, the high and low points formed by connecting the candles, draws each trend line to check which direction the current price movement is moving.
However, it is necessary to be careful because it is difficult to find the highs and lows of a low time frame chart, so it is possible to draw an incorrect trend line.
A false trend line means that you drew a trend line, but did nothing with it.
The more false trend lines you have, the less information you can get from chart analysis, and the trading strategy created with such reduced information loses its usefulness, so you need a solid basis even when drawing a trend line.
With a firm basis on how to draw a trend line, we will have time to explain in detail later on how to draw it.
The MS-Signal indicator shown in this chart is an indicator that can confirm the trend by using the formula of the MACD indicator.
Therefore, it is necessary to become familiar with the interpretation method using MS-Signal indicators before practicing drawing trend lines.
The MS-Signal indicator utilizes the formula of the MACD indicator. If you look at the formula of the MACD indicator, you can see that it was created using a moving average.
Therefore, if you understand the concept of moving averages, I think you will have no difficulty in using the MACD indicator.
MS-Signal indicator consists of M-Signal indicator and S-Signal indicator.
Therefore, an arrangement of M-Signal indicator > S-Signal indicator means that it is in an uptrend.
During this uptrend, if the price candle holds the price above the MS-Signal indicator, it means that the uptrend is likely.
We have also explained indicators that use volume to mark support and resistance points.
That index is the OBV index included in the HA-MS index.
The OBV indicator is an indicator that shows the change in trading volume due to price fluctuations, and the key point of the OBV indicator is 0.
Interpretation of trading volume can be difficult to understand, so we will take time to explain in detail when the explanation of the price chart part is being finalized.
In this chart, the 'Vol & Trend' sub-indicator includes indicators that utilize trading volume.
What I want to explain this time is about the MS-Signal indicator explained above.
Since the MS-Signal indicator is published in the trading view formula, you can look it up if you want to know the formula. (HA-MS indicator)
MS-Signal indicators are composed of M-Signal indicators and S-Signal indicators.
Among these two indicators, the key indicator is the M-Signal indicator.
Therefore, it is designed to display M-Signal indicators of 1M, 1W, and 1D charts separately.
Utilizing these indicators, it plays a role in showing the overall trend of the price chart immediately even if it is below the 1D chart.
(4h chart)
The 4h chart above is a chart set to display only the M-Signal indicators of the 1D, 1W, and 1M charts.
If the M-Signal indicators form a regular arrangement (1D > 1W > 1M), you can see that there is an upward trend from a long-term perspective, just by looking at the 4h chart.
These marks can reduce the time it takes to analyze a chart because it can shorten the viewing time when viewing multiple charts.
It also reduces the chance of getting caught in a whipsaw by price fluctuations.
Chart analysis is just analysis, you need a trading strategy to trade.
Chart analysis should focus on finding support and resistance, as it is possible to find support and resistance points by analyzing the shape of the chart in order to create a trading strategy.
As mentioned above, all you need for chart analysis is the shape of the candlestick and the concept of the moving average line.
Therefore, if this concept is in place, all the indicators shown in this chart are unnecessary.
However, chart analysis can take a long time, and it is recommended to use indicators that are basically reliable even in order to reduce psychological agitation caused by whipsaw-like volatility.
Descriptions of the MS-Signal indicator have been published several times.
Therefore, after candlesticks and moving averages, the indicator that must be familiar to the eye is the MS-Signal indicator.
This is because I think there is no better indicator than the MS-Signal indicator to find out the trend 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.
---------------------------------
Why you should only think about charts when looking at chartsHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.
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When looking at the investment market, the first thing to do is to analyze the chart, and I wanted to say that the most important thing is how to create a trading strategy that suits your investment style with that chart.
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Most people try to predict the movement of the investment market by looking at the announcement of various economic indicators and the contents of global issues (war, corona, etc.).
A big issue must be something that can cause great volatility in the investment market, but it is also clear that when such an issue accumulates, it can no longer create volatility.
So, you should be careful that trying to predict the movement of the investment market with such issues can make a wrong prediction.
Sudden big issues For example, in the case of a global shock due to an issue such as the 9/11 terrorist attack, it may cause great volatility without time to respond.
Other than these issues, most of the chart's price movement will react first.
In order to see this pre-reflection in advance, you need to look at the chart without reflecting factors that can change your psychological state, such as the announcement of various economic indicators or global issues.
I don't think this kind of work is a big deal, but it is a very important factor that occupies a fairly important part of investing.
We need to think a lot about how to figure out the trend only with the movement of the chart, away from the announcement of various economic indicators and thoughts about global issues.
As it rises above the indicator called Low, which was created on June 19, 2022, we can see that it is splitting the flow of the chart in half.
A change in the -100 indicator has always completed a low.
Although it is currently showing a different look than before, it will form a low as long as the -100 indicator is created.
The +100 indicator is an indicator that starts generating when a high is formed.
Therefore, a rise above the +100 indicator means that the uptrend to break the high is likely.
Therefore, in order to show a full-fledged uptrend from the current price position, it must rise above 38K.
The high point has been holding for a long time now.
However, the low point has not yet formed a clear point due to the change of the -100 indicator.
However, as the -100 point is moved near the current price range, the possibility of forming a low is very high.
This shows that we are facing a new trend.
Keeping the price above 17941.69 is most important from a short-term perspective to create this new trend.
The next most important thing is to keep the price above 20552.75.
Then, it completes the appearance of a trough (a phenomenon in which the price drops more before making a bigger rise) before showing an uptrend.
The StochRSI indicator is showing a fairly rapid decline.
We will verify what we said above by looking at where the Stoch RSI indicator finds support and resistance when it turns upside down.
This change in support and resistance points can tell you which direction the movement of the current chart is about to head.
You may think my explanation is inconclusive, but the conclusion has already been drawn.
We live in a flood of information.
It is quite difficult to infer an objective conclusion by synthesizing such a large amount of information.
Therefore, it is necessary to objectify all information using objectified tools and indicators.
Many celebrities' chart analysis methods and trading methods are introduced on the Internet or in books.
In order to make the contents of these people my own, it can only be acquired through numerous transactions and numerous experiences.
Over time, trends change and all patterns change and evolve.
In order to read the chart in line with these changes, I think it is better to use a simpler and faster way to analyze.
This is because you can keep up with the ever-changing trends.
It is more important to make your own mental state stable due to volatility by investing more time in the trading strategy than the time used for analysis.
What do you guys think?
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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