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BTCUSDTPERP

The next period of volatility is around November 16thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT.D 1D chart) As the trend line moves, a period of volatility is expected to begin around November 13th. Accordingly, it is necessary to check the movement up to November 12-16. If USDT dominance falls below the 5.89-6.39 range and maintains a downward trend due to resistance, it is expected that an altcoin bull market, or bull market, will begin. It is expected that this fire field will create a small garden. A major bull market is expected to begin when BTC shows a full-fledged uptrend, so if a bull market starts this time, I think the work to create a full-fledged uptrend has begun. (BTC.D chart) However, in bullish conditions, BTC dominance must fall below at least 50 and maintain a downward trend. If not, there is a possibility that a strange bull market will continue in which only BTC will rise. Accordingly, the current coin market can be seen as waiting at the starting point of a bull market. It can be said that it is unknown whether all coins (tokens) will start together, whether BTC will start alone, or whether it will temporarily take over from the starting point and gather strength again. -------------------------------------------------- --- (USDT chart) Someone is continuously injecting funds into the coin market. USDT is active on exchanges around the world, so it can be said to be a channel for everyone who wants to trade in the coin market to move funds. Accordingly, the rise in USDT's gap can be seen as meaning that new funds are continuously flowing into the coin market. -------------------------------------------------- --------- (BTCUSDT chart) The reason why I explained the coin market cap chart (USDT.D, BTC.D USDT) before this explanation is to let you know that the current position is that important. (1M charts) It is close to the 0.5 point (38745.63), which is the Fibonacci ratio shown on the 1M chart. Accordingly, if the price is maintained above 37253.81, it is expected to rise above 38745.63. However, when it passes the 38745.63 point, it seems that the future trend can be predicted depending on whether it passes with a sharp rise or a slow rise. I think there is a high possibility that this bull market or bull market will end around 43K. Accordingly, if BTC rises too quickly, there is a possibility that only BTC may rise, preventing the altcoin bull market from starting. Also, I think there is a possibility that the bull market or bull market will end very briefly. Therefore, I think it is necessary to pay attention to the movement of BTC dominance. (1W chart) What I explained in the 1M chart is about movement in a very big picture. Accordingly, it is recommended to use it to understand the general concept of movement in the big picture. In the coin market, I think the trend of the 1W chart is the best. Therefore, I believe that a more accurate trading strategy can be created by combining and interpreting the trend on the 1W chart with the approximate big picture on the 1M chart. By combining the support and resistance points shown on the 1M chart with the 1W chart, I believe that more accurate support and resistance points and sections can be selected. Therefore, numbers 1 and 2 shown on the chart correspond to important support and resistance areas, and the trend is expected to be determined by whether these areas can be broken upward. Because of this, an important issue is whether the price can be maintained by rising above 38531.90. Otherwise, if it falls and maintains the price above the 29241.72-30767.38 range, it is expected to create a pull back pattern. If it falls below the 29241.72-30767.38 range, there is a high possibility of a downward trend, so caution is required. What you need to pay attention to is the altcoins you own, and you will have the opportunity to buy more BTC or ETH. It is the rising trend line that has the potential to play a role in creating a pull back pattern. If it touches this rising trend line and stops, there is a high possibility that it will sideways and create a pull back pattern near that point or section. (1D chart) Based on what you learn from the 1M chart and 1W chart, you can create a more detailed trading strategy on the 1D chart. It is possible to create a trading strategy using only 1D charts, but then small fluctuations may prevent you from properly reading the direction of the big picture. So, if possible, it's a good idea to create big-picture trends and trading strategies on the 1M chart and 1W chart. The first resistance section, 37779.56-38745.63, includes both support and resistance points on the 1M chart and 1W chart. Accordingly, the reliability of the role that follows can be considered high. After November 8, prices moved sideways and the trend line moved. Accordingly, the possibility of volatility occurring around November 16th has increased. During this period of volatility, it is expected that there will be an attempt to break above the first resistance area, and if an attempt is made to break upward, the key will be whether the price can be maintained after the breakout attempt. If not, and it falls below 36701.09 and shows resistance, there is a possibility that it will fall around 32917.17-34110.32, that is, near the important trend line. Well, if you see volatility within the rising channel, there is a possibility of creating a pull back pattern, so you need to watch the subsequent flow closely. Since the trend line on the 1W chart passes near an important trend line, I think there is a high possibility of support around the 32917.17-34110.32 range. The explanation of the second resistance section will be explained when an attempt is made to break above the 38745.63 point. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
📊#BTC complex consolidation appears, long - short contradiction➡️When we were initially strongly bearish, it was because there was an obvious short structure. However, because our short defense point was broken, the short structure was destroyed. The destruction of the short structure does not mean that it will continue to rise. We It is also possible to form a new short structure or continue to consolidate, because we are in the resistance zone, so it is more difficult to continue to break through the previous high, but the possibility exists. 🧠There are three possible trajectories here 1. The upward trend support line plays a good supporting role and continues the strength of bulls to challenge the previous high. 2. After falling below the upward trend support line, it will start to rebound after forming effective support in the lower support zone, and try to continue adjusting to the previous high or higher target zone. 3. After falling below the upward trend support line and support zone, it challenges the bull defense point and the previous low, continuing the short power. ➡️In complex consolidation, the profit-making efficiency will be relatively low, so fund management is particularly important.‼️ Let's see which path will be chosen👀
Short
by wolf_king888
📊#BTC medium-term correction is underway📉🧠Yesterday we had a good reaction after hitting the POC line, and we ended up closing above the trend support line. Now we have bounced back to near the resistance zone and then stopped, and the trajectory is exactly as expected. Next, we will most likely continue the short strength, which must be the callback that everyone has been waiting for.🙏 ⚠️Note that if our short defensive point is breached, the short structure will be destroyed, which means that we will continue to be long or reorganize a new structure. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
2
Bitcoin price (BTCUSD) achieves the targetstrong breakout zone The price of Bitcoin (BTCUSD) rushed upward yesterday to succeed in achieving our expected target at 35890.00 and is facing strong resistance there to show some bearish tendency, waiting to gather new positive momentum that supports the chances of breaching this barrier to open the way to achieving additional gains reaching the 36500.00 areas. Therefore, we continue to favor the upward trend for the coming period, keeping in mind that breaking 34680.00 will stop the expected rise and put pressure on the price to make some downward correction in the immediate term. The general trend expected for today: bullish
BITSTAMP:BTCUSDLong
by Evar_Mayi
19
Chart analysis and trading strategy are differentHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can receive support around 36426.87 and rise to the first resistance zone. This period of volatility will be around November 16 (November 15-17). If it fails to rise above 36426.87, it is important to see whether support can be found around 32917.17-34110.32. In order for this upward trend to be maintained, the price must be maintained above 29850.45. If you have analyzed the chart with the above information, the important question is how to start trading, that is, how to create a trading strategy. First, I decided that I could start buying when I saw support at a certain point or section through chart analysis, but I realized that I had to make several more decisions to actually buy. 1. Should I buy it in installments? If I buy it in installments, how many installments will I buy it in? 2. How much investment should be made when purchasing? 3. How to set the investment period between day trading and long-term trading. 4. When starting a transaction, how will you decide on a trading method, such as a stop-loss point or target point, and how will you realize profits? As in the example above, in order to make a transaction, you need to think about and decide on many things. However, when the chart analysis is completed and the time to buy comes, buy with a rough investment amount, roughly think about the stop-loss point and target point, and start trading. And then, if the chart moves as expected, it's good, but if it doesn't, then you have to worry about the above. Then, I think that because your thoughts are influenced by price fluctuations, you end up trading in the wrong direction, increasing the chances of your trading failing. Therefore, you must have some basic understanding of trading strategy to be able to trade quickly. The concept of a basic trading strategy can be customized to suit you using the example below. 1. The purchase principal, purchase method, selling method, stop-loss point determination method, and profit realization method must be standardized for each investment period. Therefore, the basic concept of investment period from day trading to long-term trading must be determined in advance. However, since each coin (token) responds differently, it is not easy to divide them accurately. Therefore, you must first consider the size of the purchase principal and stop loss point for each investment period. 2. Trading must ultimately proceed with a contrarian approach. Therefore, you should not proceed with trading by thinking the way you normally think. Therefore, when the price rises, you must choose a point to sell, and when the price falls, you must choose a point to buy. However, if you are new to trading, you want to buy when the price is rising and sell when the price is falling. Since trading requires such a change in thinking, it is not easy to get used to it. Therefore, it is necessary to take time to become familiar with trading by making many transactions with small investments until this change in thinking occurs naturally. 3. Trading is a psychological battle. Therefore, if you start trading psychologically, you will feel psychologically anxious and burdened, and there is a high possibility that you will proceed with trading in the wrong direction. Therefore, when you are about to start trading, you need to determine what your psychological state is like. If you are judged to be psychologically excited, that is, anxious, you should not start trading. Even if you start trading once or twice and make a profit, if you continue to trade while you are in a psychologically anxious or excited state, you will end up incurring large losses. 4. Additionally, trading is a game of probability. Therefore, you must select a trend by combining various information obtained through chart analysis. Therefore, the information obtained from chart analysis must contain a lot of objective information. The analysis techniques that you study, such as wave theory or other patterns, ultimately have no choice but to be applied to your own psychology. Therefore, rather than such information, you should start trading by selecting a higher direction or trend by combining the basic information obtained by using the chart indicators, that is, objective information. There are a ton of chart analysis techniques out there. However, I think that analysis techniques that have a selection point that you must choose are essentially useless if you are not prepared for the three psychological warfare mentioned above because it is highly likely that your psychology will be applied in the end. Looking at the ideas currently published on TradingView, there seem to be a lot of wave theory and harmonic pattern analysis techniques. These analysis techniques are excellent analysis techniques and have been proven by many users. However, if you do not have a trading strategy like the one I mentioned earlier, you have no choice but to analyze charts and conduct other transactions. Therefore, before studying various chart analysis techniques, you must first study the concepts of candles, moving averages, support and resistance. Then you need to practice creating a trading strategy. Once you are able to create a trading strategy to some extent, I think it would be a good idea to study various high-level chart analysis techniques. In fact, if you can create a trading strategy, there is no need for advanced chart analysis techniques. As I have said repeatedly, the more time you invest in chart analysis, thinking that chart analysis is the same as a trading strategy, the more you will inevitably feel the limitations of your trading skills. This is because there are many cases where you cannot proceed with trading as you analyzed, so you have no choice but to be negative about trading. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
Education
by readCrypto
2
📊#BTC long structure to change the short structure, ⚠️long⚠️ 🧠Yesterday we said that if the uptrend triangle support line is broken, the bullish idea of the small cycle will fail, in addition, our long defense point is also broken, which means that the long structure is broken, the double top short structure appears, meaning that the medium term adjustment is likely to appear, so we have to follow the change of direction. Let's see👀 💕 Follow me so you don't miss out on any signals and analyze 💯
Short
by wolf_king888
BITCOIN to continue Bullish move after correctionBTCUSD The price made a strong bullish break above the Daily Resistance area around $30,000-31,000, and price is currently above support/resistance structure, after a correction towards the previous resistance turned support area if price holds above the support I expect the price to move higher... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSDLong
by Stargazer_fx
58
📊#BTC may continue to rise through the rising triangle📈👆We analyzed in the previous post that we have a cup-handle structure in the big cycle, so the general direction still belongs to the bulls, then we still maintain a positive and bullish attitude to do it.⚙️ 🧠During the mini-cycle we formed an upward triangle after two days of consolidation over the weekend, so it is reasonable to think that we will continue to rise. ⚠️However, if we break below the upswing triangle support line, the bullish idea in the mini-cycle will be invalidated. Let's see.👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
The meaning of a bull market and a full-fledged upward trendHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) On November 9th, the first resistance range, 37779.56-38745.63, was touched. (1M charts) In order for the coin market to show a full-fledged upward trend, it must touch the HA-High indicator and start rising. Accordingly, 1. It continues to rise to the current HA-High indicator point of 43823.59, or 2. Shake it up and down to create a new HA-High indicator. Since the HA-High indicator is currently located around 59, if it swings up and down in the first resistance range (37779.56-38745.63) near Fibonacci 0.5, the HA-High indicator is expected to enter the overbought range. Accordingly, when the RSI indicator falls from the overbought range, there is a high possibility that a new HA-High indicator will be created. Therefore, in order to rise to around 43K, it is expected that the price must be maintained by breaking upward through the first resistance section with a sharp rise. If not, there is a possibility of resistance and downward trend near the newly created HA-High indicator. In order to know whether the downward trend that started like this is the beginning of a true downward trend, or whether it is a downward trend to create a pull back pattern, you need to check the following. (1W chart) I think the most important time frame chart in the coin market is the 1W chart. You can see that in the past, it played a lot of support and resistance roles around 38531.90. Therefore, I think you can tell the strength of the trend to some extent depending on how it passes around 38531.90. As mentioned in the 1M chart, if it rises sharply around 38K, there is a possibility that it will rise immediately around 46431.5. After that, the trend will be determined again depending on whether it is supported or resisted by the HA-High indicator on the 1M chart. I told you about how the HA-High indicator is created on the 1M chart. Accordingly, the full-fledged upward trend will begin only when the HA-High indicator is touched and rises on the 1W chart. Currently, the RSI indicator has entered the overbought zone. Accordingly, if the RSI indicator swings up and down around 38531.90, which is near the first resistance area, and falls from the overbought area, a new HA-High indicator is expected to be created. If it meets resistance and falls from the newly created HA-High indicator, it is expected to create a pull back pattern or turn into a downward trend based on the 29241.72-30767.38 section. To find out more detailed information, you must check the support and resistance points or sections of the 1D chart. (1D chart) This upward trend is expected to end by touching the maximum secondary resistance range of 44200.0-47600.0. It currently touches the first resistance area of 37779.56-38745.63 and is located around 37160.10. I think split sales are possible above the 37160.10 point. I said this in the sense that even if the price rises beyond the first resistance zone, it is necessary to sell at least in installments to stabilize one's psychological state. When it breaks upward through the first resistance zone, it is expected to rise immediately to around 43160.0 if it breaks upward with a sharp rise. Therefore, if you do not think in advance about how to respond at this time, there is a possibility that you will be embarrassed and unable to take any action. When a surge occurs, the selling price will temporarily surge, so if you look at the situation and think about a response, you may react erratically, so you need to be careful. I think that if the price is maintained above an important trend line, whether it touches the first resistance area and falls or touches the second resistance area and falls, there is a high possibility of creating a pull back pattern. In any case, when a downward trend begins, the prices of altcoins are expected to plummet. At this time, what you need to check is BTC dominance. If BTC falls and BTC dominance is accompanied, it is likely that the decline will stop temporarily because altcoins or ETH are defending the price. However, if BTC dominance rises when BTC falls, altcoins or ETH will see a sharp decline. A full-fledged upward trend in the coin market requires BTC dominance to rise above 61 and then begin to fall. Therefore, even if the conditions mentioned above are satisfied, if BTC Dominus does not rise above 61, I think it is difficult to say that the coin market has begun a full-fledged upward trend. The concept of a bull market mentioned in today's USDT dominance analysis is different from the full-fledged upward trend that we are talking about now. To understand this concept, you will need to read the explanation of highly volatile market prices. To put it briefly, What I talked about in today's USDT dominance analysis is about the short- to medium-term trend, and the full-fledged upward trend I mentioned now is about the mid- to long-term trend. 1. If it falls in the first resistance area and creates a pull back pattern. If they fall from the first resistance zone and show support by falling near the important trend line, that is, around 32917.17-34110.32, altcoins are expected to fall by about -20% or more. 2. If it falls in the secondary resistance area and creates a pull back pattern. Since the secondary resistance section is wide, it seems necessary to check the section that rises and receives resistance for more details. However, when it falls in the second resistance zone, the altcoin is expected to fall by more than -30%. If this decline falls below 29850.45, there is a high possibility that it will turn into a downward trend, so you must think about a countermeasure. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
1
📊#BTC pulls back after breaking through bull flag, what’s next❓➡️Yesterday, after we broke through the bull flag, there was a correction of more than 3,000 dollars, the volatility is very huge, so we should not forget risk management at the same time. When we have all the measures in place, we will not feel overwhelmed by the huge fluctuations in the market, because everything that can happen is within our expectations, so that we can make trades with ease.☕️ 🧠At present, we have broken through the bull flag and carried out consolidation in the resistance zone, and I found this beautiful cup handle structure through the graph, the principle of the bull flag and the cup handle structure is actually similar, we have a long structure as a supporting power, then we have a great probability to continue to continue the long strength.📈 ⚠️Note that if we break the uptrend support line and the bull defense point, then we will lose momentum and further pullbacks will occur.📉 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
This volatility period runs until November 9thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1D chart) The high point formed on November 2 has not yet been renewed. However, since the lows continue to rise, it is necessary to check whether the highs can be renewed on November 9, the last day of this volatility period. If it fails to renew the high point and falls below the 34110.32-34786.17 range, it is likely to fall to around 31804.17-32917.17. At this time, it is important to see support near the MS-Signal indicator or important trend lines. If support is confirmed, it is likely to create a pull back pattern, so I think it will be the first buying period after BTC rises above 29K. Identifying support and resistance is always a difficult and difficult task. Therefore, if your psychological state is unstable, there is a possibility that you will not be able to endure the period to check support and resistance and proceed with trading in the wrong direction. Therefore, if you believe that your psychological state is unstable, you should make your psychological state stable by organizing coins (tokens) with low profits or losses. When liquidating coins (tokens) that are recording low losses, coins (tokens) that are making a corresponding profit must be sold to make the actual profit and loss more than 0. Otherwise, if you only liquidate coins (tokens) that are recording losses, a high loss rate will be displayed in your account, which may make your psychological state more unstable, so you need to be careful. Once this period of volatility concludes, the next period of volatility will be around November 27th. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
Bitcoin targets for correctionBitcoin after 222 days range hit 27 zone. Now I would like to see correction BINANCE:BTCUSDT.P Possible Targets and explanation idea ➡️Over 200 days in a range! We move impulse sideways Impulse. ➡️Its a daily timeframe only local zones. Main zones 48-52K by end of year or April May 2024 still relevant ➡️Now we are in a market stage when Bears and Bulls will loose the money ➡️Consensus about "we can't move higher" will be soon from both camp ➡️in a range we got deviation at the top of range and deviation at the bottom ➡️Impulse up, sideways and last impulse to 27 zone work almost in 99% cases like a clock) ➡️Healthy correction will be to 0.23 zone and good correction block for futures marked with SL. ➡️On MP indicator you could see how whales fix main % of position on D tf, then RSI div on daily and continuation of fixations. ➡️ Waiting on D blue zone of money inflow. I think its can took just a week or so before continuation of main trend Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Short
by Crypto4light
Another 10% Upside for BitcoinBitcoin is forming a Cup and Handle pattern on the daily chart. If this pattern is successful, we are looking at a 10% price increase from the current price (34.8). The neckline is at 36K which is the immediate resistance. A move above the diagonal trendline resistance will add more confluence to this idea. After hitting this level, I expect a healthy correction. Invalidation: Daily close below 34.5K Trade Idea: Entry: 35.2 SL: 34.1K Target: 38.5 R:R: 1:3
Long
by NewThoughtCrypto
📊#BTC successfully reached the TP zone, cautiously chase up⚠️⚙️The action we have to do after the completion of the goal is to reduce or close the position, and then patiently look for new opportunities, because we have been rising, there is no healthy sharp correction, so our upward momentum is very likely to weaken after we reach the goal of the big cycle, there is likely to be a big cycle of pullback.‼️ ⚠️So we need to be cautious about it, and it's important to be patient.☕️ Let's see👀 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
📊#BTC is still in a long structure. Short with caution⚠️➡️Yesterday, we finally reached TP zone 1 after 4 days of consolidation, although we went very hard, but successfully achieved the goal, congratulations to the friends who followed the Wolf King to print money.💰🍻🚀🌕 🧠We broke the short defense on the way up, and the short structure was broken, which means that we will continue to rise.📈 ⚠️Markets can change quickly, so let's not forget risk management as we look to higher targets.💯✔️ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
important to check whether there is support or resistanceHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- From the moment we start trading, a mental war of attrition begins. Even if you create a trading strategy in many cases before starting trading, the mental battle of attrition due to price fluctuations begins after you start buying. In order to win this mental war of attrition, a plan to lower the average purchase price is inevitably needed. Therefore, concluding a purchase in one transaction can easily result in losing the mental battle of attrition. This phenomenon is clearly evident in futures trading. In order to reduce this formal war of attrition, it is recommended to refrain from breakout trading whenever possible. Looking at the example chart, I've marked several support and resistance points. We know that in most cases, it is not too late to check support and resistance at these support and resistance points and proceed with the transaction. However, when the price fluctuates, a mental war of attrition begins as trading proceeds immediately without checking basic support and resistance. I believe that this phenomenon is caused by anxiety caused by one's own greed. In order to reduce these conflicting elements, it is necessary to practice checking for support and resistance at the points of support and resistance. We use several methods to check for support and resistance. No matter which method you use, the most important thing is to remember that the method that suits you is best. Basic support and resistance can be outlined to some extent by checking the 1D chart for at least 1 to 3 days. If a trend appears after this period, it corresponds to a coin (token) that shows rapid movements in the short term. Otherwise, you will see sideways movements for about 7 to 10 days. However, since the coin market allows trading 24 hours a day, it is quite difficult and difficult to check support and resistance for at least 1 to 3 days. This leads to rapid transactions, resulting in a formal war of attrition. There is no special way to check for support and resistance. The know-how you gain depends on how many transactions you have made. Also, it is important to think in advance about how you will respond when support and resistance appear in the opposite direction of what you expected. I think the reason trading is called gambling is because this method cannot be defined. So, I think there are people who say that it is a game with a 50% chance of going up or down. However, these thoughts will gradually disappear as you create a response strategy according to price fluctuations through studying charts and trading strategies learned through many transactions. Ultimately, whether you accept the know-how you gain by conducting many transactions at your own will as your own and whether you correct your mistakes will ultimately determine the success or failure of the transaction. - Can you create the necessary support and resistance points or sections to check whether there is support or resistance? - Even if the support and resistance points or sections were selected incorrectly, can you trust the support and resistance points or sections and find a response plan? Chart study must be done to satisfy the above contents. Terms, patterns, and trends on charts only serve to modify your trading strategy while trading. In the end, we must not forget that everything begins by checking the support and resistance at the support and resistance point or section. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
Education
by readCrypto
3