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need to find the criteria that fits your trading strategyHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The criteria on which you proceed with trading will depend on your trading strategy. Therefore, it is most important to set standards that suit your trading strategy. 1. Trend line: Drawn using the StochRSI indicator 2. HA 5EMA: (opening price of Heikin Ashi candle + closing price of Heikin Ashi candle) / 2 5EMA line drawn as one value 3. MS-Signal: Indicator using MACD indicator formula 4. HA-High: An indicator created using the characteristics of Heikin Ashi candles and the RSI indicator You can respond by creating a trading strategy based on the above. When the StochRSI indicator of the TS-BW secondary indicator and the StochRSI EMA indicator intersect and StochRSI > StochRSI EMA, it is a buying time. Accordingly, you can create a trading strategy based on one of numbers 1-4 above. Currently, we need to confirm support based on the HA-High indicator and then respond. Therefore, the key is whether it receives support or resistance based on the 51686.94 point. A trend is expected to be formed depending on which direction it deviates from the 49676.20-53256.64 range. (1W chart) (1M charts) However, since both the StochRSI indicators on the 1W and 1M charts have entered the overbought zone, there is a high possibility of a price adjustment, that is, a pull back pattern. The resistance area at this time is expected to be around 56150.01-59370.07. If the price fails to maintain its upward trend after rising above 53256.64 and shows resistance around 53256.64, there is a possibility of creating a pullback pattern, so a response is needed. Therefore, I believe that securing adequate cash will allow us to seize good opportunities during price adjustments. 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 area, you should check the movement when this area 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 -----------------
by readCrypto
Next volatility period: around March 1stHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1M chart) BTC is located near the Fibonacci ratio point of 0.786 (51743.19). Accordingly, the key is whether it can receive support and rise around 0.786 (51743.19). If not, 1st: 0.707 (48200.83) 2nd: 0.618 (44210.08) It is expected to fall to around the 1st and 2nd levels above. Since the StochRSI indicator is located at the highest point of the overbought range, support around 0.786 (51743.19) is expected to be an important issue. (1W chart) Since it is above the rising channel, it falls into a period of volatility around the week of February 26th. Accordingly, the key is whether it can rise and receive support around 0.786 (51743.19) ~ 53256.64. Otherwise, if it enters the rising channel, there is a possibility of touching the bottom line of the rising channel, so a countermeasure is needed. Therefore, we need to check whether this week's candlestick maintains the price in the 0.786 (51743.19) ~ 53256.64 range or higher. (1D chart) If the closing price falls below HA 5EMA, caution is needed as it may lead to a further decline. The HA-High indicator is expected to be created at the 51686.94 point. Accordingly, the key is whether it can receive support and rise around 51686.94. If it receives support this time and rises, it is important whether it can be supported around 53256.64. If not, there is a possibility that it will lead to a further decline and fall to around 49676.20. The MS-Signal indicator is passing around 49676.20, so if support is confirmed around 49676.20, it is time to purchase additional. Since the StochRSI indicator has entered the oversold zone, it is necessary to check whether it is showing signs of turning upward. The next period of volatility is expected to be around March 1st. 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 area, you should check the movement when this area 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 -----------------
by readCrypto
3
Next volatility period: around February 15-20Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- If you can't predict the direction of BTC, if you don't know whether it will rise further or fall in the future, why are you analyzing charts? Through chart analysis, we are traders trying to make a profit by trading. In order to trade, you need to create a trading strategy and react to price movements. At this time, the important thing is that you need a trading strategy to reduce losses, not a trading strategy to gain greater profits. A trading strategy created to gain greater profits will act as a disadvantage in psychological warfare, and if these psychological instability factors accumulate, you will eventually end the transaction with a loss. --------------------------------------- (BTCUSDT chart) I think what you need to pay close attention to in the charts above is the movement of the StochRSI indicator. Currently, only the 1W chart has failed to enter the overbought section. When next week's candle is created, it is necessary to check whether the StochRSI indicator on the 1W chart enters the overbought zone. When the StochRSI indicator falls from an overbought zone, you need to check at which point or zone it is supported or resisted. --------------------------------------- (USDT chart) (USDC chart) USDT and USDC are still on the rise. Although USDC has been showing a gap decline since February 11, it is expected to eventually maintain an upward trend if it remains above 26.525B, which was an important point. A rise in the gap between USDT and USDC means that funds are flowing into the coin market. Conversely, a falling gap means that funds are flowing out of the coin market. Therefore, this rise shows that funds are flowing out through USDC. Since I believe that the increase or decrease of USDT or USDC through trading is expressed as a candle, I believe that the meaning of the gap is the inflow and outflow of funds. I think that if you know the fund flow in the coin market, you can ultimately know the movement of the coin market. Accordingly, the movement of the USDT or USDC chart can be said to be an important chart for individual traders to view the fund flow in the coin market. Among them, I think it is especially important to check the movement of USDT because USDT has the greatest influence on the coin market. ------------------------------------------------- Once you have confirmed the flow of funds in the coin market, that is, the inflow and outflow of funds, you need to check how the funds flowing into the coin market are moving. (BTC.D chart) (USDT.D chart) Such movements should be confirmed by movements in BTC dominance and USDT dominance. BTC dominance lets you know whether funds are concentrated towards BTC or altcoins. Accordingly, a rise in BTC dominance means that funds are being concentrated towards BTC. To know the overall trend of the coin market, you can find out to some extent by checking the dominance of USDT, which has a great influence on the coin market. What is important in USDT or USDC charts is that the gap rise continues to occur. This is because funds will flow into the coin market. If funds continue to flow in this way, the corresponding dominance will inevitably rise. Therefore, when looking at the BTC dominance or USDT dominance chart, you should look at whether the current candle is a falling candle or a rising candle rather than the trend. Otherwise, if you judge the dominance chart as a trend, there is a high possibility of getting incorrect forecasts, so be careful. The coin market is showing an upward trend as USDT dominance falls below 5.89. If it falls below 4.97, I think there is a high possibility that the coin market will show a major upward trend. However, in order for the mainstream upward trend to begin, it is expected that BTC dominance must rise in the 56.78-62.47 range or higher and then begin to decline. If not, it is expected that an altcoin bull market will begin rather than a mainstream bull market. An altcoin bull market means a bull market in which you can ultimately make a profit no matter what altcoin you buy. A major bull market refers to a bull market in which most coins are likely to hit new highs (ATH). Therefore, it is necessary to see what BTC dominance looks like in the future. For an altcoin bull market to begin, it is expected that BTC dominance must fall below 50. -------------------------------------------------- ------ (BTCUSDT 1M chart) It is showing a significant rise, rising above the Fibonacci ratio point of 0.618 (44210.08). The resistance area of this rise, that is, the area that will determine the trend again, is expected to be around the Fibonacci ratio range of 0.886-1.0. (1W chart) If you check this in more detail, it is expected to be in the range 53256.64 -66401.82. However, if it enters the 53256.64 -66401.82 section, the 59370.07 point is expected to be the critical point. Caution is needed because there is a possibility that the price will rise around 53256.64 and then shake up to break above it. (1D chart) What is important to look at in this shakeup is whether there is support around 49676.20. If it rises around 53256.64 and then falls below 49676.20 and shows resistance, caution is needed as it could lead to a further decline. The most important indicator to look at in my charts is the MS-Signal indicator, that is, the M-Signal indicator on the 1M, 1W, and 1D charts. If the price stays above this indicator, it will eventually continue its upward trend, otherwise it will show a downward trend. The M-Signal indicator on the 1D chart shows short-term trends, The M-Signal indicator on the 1W and 1M charts indicates mid- to long-term trends. Therefore, you need to identify trends and create a response strategy that matches your trading strategy, that is, your investment period. Since the MS-Signal indicator on the 1D chart, that is, the M-Signal indicator, passes through the 45135.66-46431.50 range, if it falls to around 46431.50, you should check for support and respond in the short term. The M-Signal indicator on the 1W chart is passing around 41253.4, so an appropriate response is needed. Both the StochRSI indicator and the BW indicator hit their highest points. Accordingly, if the price shows a slight decline, it will show a reversal. However, if the StochRSI indicator does not fall below the overbought range, it means that the strength of the rise is strong, so you must check and respond to support and resistance at the support and resistance points or sections. In other words, how well you find support and resistance on the 1M, 1W, and 1D charts is the most important factor required for trading in chart analysis. No matter how much you can tell the trend through chart analysis, if you ultimately fail to find support and resistance points, trading may proceed in the wrong direction. Therefore, support and resistance points should be points that anyone can understand and predict. If you do not explain the interpretation of support and resistance points, it will be difficult to utilize the support and resistance points, so although it may be a good article for chart analysis, it will be an analysis that cannot be used for trading purposes. 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. ---------------------------------
by readCrypto
1
Rise above 42151.24-43823.59 is importantHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1M chart) An important selling zone is formed around 42283.58. Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59. (1W chart) The important section containing the psychological resistance zone is the 42151.24-43823.59 section. Therefore, I think it is highly likely that a trend will form based on this important section. However, when viewed from the overall flow of the chart, the 37253.82-46431.5 section can be considered to be the starting boundary section of the high point section. Therefore, if it rises above 46431.5, it can be said that it has entered the high point in the overall trend of the chart. Based on the current price and trend, if it falls below 37253.82, the trend is expected to turn to the downside. The 32917.17-35045.0 section is a strong support zone, and if it falls below this zone, it is expected to enter the bottom zone. (1D chart) This period of volatility will last until around February 7th (February 8th). 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 area, you should check the movement when this area 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. --------------------------------- ​
by readCrypto
1
Important section : 42141.24-43823.59Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1M chart) A new candle has been created. The 42283.58 point is an important point and forms the volume profile section. Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59. If that happens, the next resistance area is expected to be the Fibonacci ratio range of 0.886-1.0. If it falls below 42283.58, it is expected to maintain an upward trend only if it receives support around 37253.81. (1W chart) What is important to look at in the 1W chart is whether the price can be maintained above the HA-High indicator on the 1W chart. The HA-High indicator is currently at 42141.24. Accordingly, it can be seen that the section 42141.24-42283.58 corresponds to an important point. As the price moves, trend lines are created, and you can see that it is moving within the rising channel of the rising trend lines (2)-(3). Channeling doesn't actually have any special meaning, so it's best not to worry about it too much. I think it just applies to the display method in chart analysis. By combining this rising channel with the points mentioned above, we can calculate a period of volatility to some extent. In that sense, the period of volatility on the 1W chart is expected to be around the week of March 11th. (1D chart) The key is whether the price can be maintained by rising above the psychological resistance zone of 43160.043823.59. Accordingly, it is necessary to check whether the downward trend line (1) and (1-1) can be broken upward. An upward trend line (2) is formed near the important point of 42141.24-42283.58, so it is important not to fall below this trend line. If it falls below 41732.35, you need to check whether it can rise with support in the 39845.44-42053.66 range. In any case, what is important is which direction it deviates from the 42141.24-43823.59 range, which is the range located during the period of unusual volatility (until February 8). Even if it rises beyond the psychological range, there is a possibility of resistance in the 44200.0-47600.0 range, but if it rises this time, it is expected that it will succeed in breaking upward. The reason is that funds are continuously flowing into the coin market. If altcoins rise along with the price of BTC, it means that they have risen above a critical point. In that case, if BTC dominance shows a decline, altcoins are expected to continue their upward trend. On the other hand, if BTC dominance shows an upward trend, altcoins are likely to gradually sideways or decline. Therefore, if you buy wrongly when an altcoin is rising, you may suffer, so it is better to buy before it rises or wait until BTC dominance shows a decline. 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 area, you should check the movement when this area 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. ---------------------------------
by readCrypto
5
A preview of February’s trendsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The movement from August 17-23, 2023, and the current movement from January 22-26, 2024, are different. This is because the movement in 2023 occurred near the HA-Low indicator, and the current movement occurred near the HA-High indicator. Accordingly, there is a high possibility that the current rise will not continue and will fall. The HA-High indicator on the 1D chart is located at the 43450.03 point, so the important question is whether it can be supported and rise around 43450.03. If it fails to rise, it is likely to fall until the HA-Low indicator is created, so you need to think about a countermeasure. If today's candle closes above 42283.58 and shows support there, it is expected to rise above 43450.03. However, since the StochRSI indicator has entered the overbought zone, it is necessary to check whether it is supported near the channel consisting of trend lines (1) and (2) when it leaves the overbought zone. (1M charts) Soon, a new candle will be created on the 1M chart. Since the BW indicator is recording a strong upward trend, you should check whether the BW indicator continues to show a strong upward trend when a new candle is created. You should also check if the StochRSI indicator is showing signs of turning into a bearish indicator. You will understand if you compare it with the past StochRSI indicator. When next month's candle is created, it is a good idea to check to what point the HA 5EMA line will rise and be created, and to think about a response plan for the possibility of it falling to the vicinity of the HA 5EMA. If the price holds above 42283.58, the next resistance zone is expected to be the Fibonacci ratio 0.886-1.0 zone. I think there is a high possibility that it will touch this section and plummet, but if the price is maintained above 42283.58, it is expected to maintain an upward trend and lead to a movement to renew the new high (ATH). 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. ---------------------------------
by readCrypto
Examples of how to draw and use trend linesHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (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 -------------------------------------------------- - 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. ---------------------------------
Education
by readCrypto
39845.44 The importance of branchesHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The trend shifted from USDT to an upward gap faster than expected. Accordingly, I think the coin market has gained the strength to rise again. However, it is necessary to check whether the HA-Low indicator can be newly created and rise while moving sideways in the current section. In order for the HA-Low indicator to be created, the price must be maintained below 39845.44 to cause the HA RSI indicator to enter the oversold zone. If that is not the case and it rises, I think there is a high possibility that it will meet resistance by touching the MS-Signal indicator. Currently, the MS-Signal indicator is located around 42141.24. The key is whether the HA-Low indicator can be generated and rise before the next volatility period around January 30th. If BTC rises above the 42141.24-43823.59 range, altcoins are expected to rise in unison. This is because I believe that the 42141.24-43823.59 range corresponds to the psychological resistance range. However, for altcoins to continue their upward trend, BTC dominance must fall below 50. If this is not the case and BTC dominance rises, altcoins are likely to gradually sideways or decline. The BW indicator is recording a strong downward trend. Additionally, the StochRSI indicator is also located in the oversold zone. Therefore, if you wait, you will see that the StochRSI indicator is trying to break out of the oversold zone. At that time, you can proceed with the installment purchase. However, as mentioned above, there is a possibility that resistance will be encountered when touching the MS-Signal indicator, so that is the first selling period. It is time to buy when the BW indicator shows an upward trend and rises above the MS-Signal indicator. 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 area, you should check the movement when this area 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. ---------------------------------
by readCrypto
Introduction to one of the basic trading methodsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- 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 ------------------------------------------------- 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. ---------------------------------
Education
by readCrypto
Limitations of Secondary IndicatorsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1W chart) It rose and closed above 43823.59 for the first time since December 04. After 5 weeks, it is finally showing signs of upward progress. Accordingly, if it falls below the 43160.0-43823.59 range and shows resistance, a stop loss is necessary. The 43823.59 point is the HA-High indicator point on the 1M chart. Therefore, I think it will be a test of whether it can pass the first hurdle to start a major bull market. Currently, the HA-High indicator on the 1W chart is formed at 59370.07. Therefore, in order to pass the second point for the start of a major bull market, the HA-High indicator on the 1W chart must rise or higher. It is considered normal if the HA-High indicator of the 1W chart and the HA-High indicator of the 1M chart are interchanged, but in fact, the HA-High indicator is an indicator for trading and has nothing to do with normal or reverse arrangement. Since the HA-High indicator on the 1W chart is at a fairly high price, it would be better to shake it up and down to create a new HA-High indicator, but I don't know that. Therefore, there is a possibility that it will continue to rise and touch the HA-High indicator of the current 1W chart. In any case, if the M-Signal indicators on the 1D, 1W, and 1M charts continue to align, the coin market will maintain an upward trend. -------------------------------------------------- - What I want to talk about is the limitations of auxiliary indicators. Secondary indicators are most effective when prices are moving sideways or have just broken out of a sideways range. In addition, if the price fluctuates sharply or continues to trend in one direction, the secondary indicator will appear incorrect. The phenomenon is expressed as divergence. Therefore, it is recommended to use secondary indicators only when the indicator is in a sideways section or has just exited a sideways section. After that, you should use the indicators displayed in the price chart section. In the future, we hope that you will not miss a good opportunity by referring to the movements of secondary indicators when the price falls sharply or deviates from the current box range. 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 area, you should check the movement when this area 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. ---------------------------------
by readCrypto
2
The key is whether this week's candle closes above 43160.0Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1W chart) The key is whether this week's candle can close above 43823.59. If it fails to close above 43823.59, I think there is a high possibility of a decline since it is the 5th week of resistance at 43823.59. At this time, you need to check whether it can receive support and rise around 37253.81-38531.90. (1D chart) This period of volatility runs until January 6th. Therefore, we need to check where this week's candle closes. The next period of volatility will be around January 16th. The fluctuation range in the next volatility period is expected to be in the range of 42053.66-45135.66 (maximum 37253.81-56150.01). It is necessary to check whether the price can rise along the rising channel based on the rising trend line (2). --------------------------------------------- USDT and USDC are maintaining an upward trend, creating a gap. I think this is evidence that funds are continuously flowing into the coin market. (USDT chart) If USDT dominance is located below the 5.89-6.39 range, I think the coin market is likely to maintain an upward trend. (BTC.D chart) At this time, if BTC dominance falls below 50 and remains, I think there is a high possibility that an altcoin bull market will begin. Otherwise, if it rises, altcoins are likely to gradually sideways or decline because funds are concentrated towards BTC. However, as BTC rises, BTC dominance rises, and if BTC dominance rises above 61 and then begins to fall, the coin market is expected to enter a major bull market. A major bull market refers to a bull market in which most coins (tokens) renew their new highs (ATH) beyond imagination. 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. ---------------------------------
by readCrypto
5
HA-High : If supported, the previous latest high can be updatedHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) The key is whether it can receive support and rise around 34110.32-34786.17. If it rises, we need to check whether it can rise above 37253.81-38531.90. This is because the 37253.81-38531.90 area is expected to be the first resistance area in the current upward trend. (1W chart) It is important to see whether a new candle is created and the HA-High indicator appears to be about to be newly created. To do this, there must be an up and down shaking motion. If there is no up and down movement, there may be an up and down movement around 38531.90, so you need to think about a countermeasure. Therefore, when it falls after resistance near 38531.90, if the price is maintained above 29241.72-30767.38, it is expected to create a pull back pattern and rise again. Therefore, in the 1W chart, which direction it will deviate from the 30767.38-38531.90 section is an important issue. If it rises above 38531.90, this bull market is expected to end by rising to around 46431.5. (1D chart) The rise began with a rise above 29241.72-30767.38 and rose to the 37486.17-37779.56 range, which is the first important support and resistance range. Additionally, since the HA-High indicator was created at the 34389.02 point, if it is supported and rises around this area, it is expected to renew the previous latest high. In order to show a greater upward trend, the following conditions must be met. In this chart, we believe that maintaining the price above the HA-High indicator meets the following conditions. Therefore, an important question is what movement will cause the price to rise above the HA-High indicator on each time frame chart. The HA-High indicator on the 1D chart is showing support as it is created at the current price position. Accordingly, the short-term upward trend is expected to continue. Next is whether the HA-High indicator on the 1W chart is generated from the current price position. Because the RSI indicator has entered the overbought zone due to this rise, the possibility of a new HA-High indicator being created when it falls from the overbought zone has increased. If a new HA-High indicator on the 1W chart is created, then we will continue the discussion. -------------------------------------------------- - 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
MS-Signal, HA-Low, HA-High, and trading strategyHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (XRPBTC chart) In order to trade, you must select support and resistance points and proceed with the appropriate trading method. To do this, we work hard to analyze charts and apply them to trading. However, because of a one-time transaction made out of greed, there are often cases where the more you proceed with the transaction, the more you end up trading in the wrong direction. The only way to correct these wrong transactions is to sell 100%. It doesn't matter what criteria you use to select support and resistance points. As long as you can select reliable support and resistance points, you will meet the essential requirements for trading through chart analysis. For the rest, you can trade according to your investment style and trading strategy. Even if everything goes perfectly as planned, it's not easy to survive market volatility. Accordingly, we have no choice but to proceed with split sales in order to respond appropriately to market volatility. In order to proceed with trading like this, you must have support and resistance points and know how to create a trading strategy appropriate for them. This is because trading in the form of buying at a point that someone told you and selling at a point that someone told you is ultimately very likely to result in a big loss because you do not have your own investment style or trading strategy. Any indicator that shows support and resistance is fine. However, you just need to check the indicator in real time at any time to ensure the reliability of the indicator. The most important indicator on my chart is the MS-Signal indicator. This is because the trend is determined by which side holds the price based on the MS-Signal indicator. However, it is not easy to select support and resistance points using the MS-Signal indicator. Because it is made up of curves. So, we added several indicators to select support and resistance points. As a result, it was possible to proceed with trading by checking whether support or resistance was received at support and resistance points with the MS-Signal indicator. However, the problem was that its importance in playing the role of support and resistance was not that great. Therefore, these support and resistance points are used as split selling points after purchasing. So, the HA-Low and HA-High indicators were created to find the starting and ending points of trading. So far, only the HA-Low and HA-High indicators have been explained. I have not provided any explanation on how to create a trading strategy using this. Today, I would like to explain how to use this to create a trading strategy. HA-Low and HA-High indicators are not intended for chart analysis. It is an indicator created purely for the purpose of trading. Therefore, when the price touches these two indicators, it means that you are ready to proceed with the transaction. Therefore, you can start or end a trade depending on whether you receive support or resistance from these two indicators. The HA-Low indicator marks a point. Therefore, if it falls below the HA-Low indicator, there is a high possibility that the previous low will be renewed. Therefore, buying at the HA-Low indicator means purchasing or selling farming, that is, making a mid- to long-term investment. You may think that mid- to long-term investing means buying at a very low price and selling when the price rises to its peak, but this is not the case. The core of mid- to long-term investment is an investment method that seeks to obtain large profits with a small investment amount by controlling the investment proportion. If you mistakenly thought that this was a transaction where you buy with all your investment money at a very low price and wait until the price rises, you must change your thinking. If you look at the chart above, you can see a section where the HA-Low indicator has been touched but continues to decline. If you observe this closely, you can see that when it falls below the MS-Signal indicator and the MS-Signal indicator shows a downward sign, or when it falls without support from the HA-High indicator and falls, it leads to a further decline. Let me tell you something else here. In other words, I would like to talk about “I don’t know whether I am supported or resisted.” Knowing whether you are receiving support or resistance is a know-how that can be acquired through day trading. Therefore, in order to know whether you are receiving support or resistance, you must acquire your own know-how through day trading. Unless I change my mindset that I don't do day trading because I'm not good at day trading, I will always be dissatisfied with the average purchase price and proceed with trading. There are separate times for day trading. That time is now. The period of day trading is included in the series of processes that occur in order for companies or people operating large funds to sell their coins (tokens) in the process of realizing profits. After this day trading period, the coin market will experience great volatility and a full-fledged upward trend will begin, so if you do not practice day trading during the current period, it will take a long time until this cycle returns. You have to wait a period of time. Therefore, during day trading, it is necessary to put aside your greed and make constant efforts to earn even a small profit with a small amount of money. Once you can tell to some extent whether you are receiving support or resistance at the support and resistance points, proceed with buying at the HA-Low and HA-High indicators. However, since buying at the HA-Low indicator is a farming transaction, that is, a purchase conducted for the purpose of mid- to long-term investment, the purchase must be made aggressively, that is, with a small proportion of the investment amount. Therefore, since the purchase was made with a small proportion of the investment, it is useful to use day trading or short-term trading to increase the number of coins corresponding to the profit by selling the amount purchased. If you continue to trade in this way, you will touch the HA-High indicator. The HA-High indicator is a surge indicator, that is, an indicator that signals a full-fledged upward trend. Therefore, being supported by the HA-High indicator means that there is a high possibility of a large increase, so you should proceed with the purchase by increasing the proportion of your investment. However, in order to surge, there is a possibility of up and down fluctuations, so efforts are needed to overcome this. If you made an aggressive purchase using the HA-Low indicator mentioned earlier and purchased for the purpose of mid- to long-term investment, you can achieve psychological stability because the average purchase price is likely to be located at a lower price than the current price even if you purchased under the HA-High indicator. There will be. In addition, you can stabilize your psychological state because you can make a profit by selling what you bought at the HA-Low indicator near the HA-High indicator. I talked about something else for a moment earlier, but I'm going to talk about something else here again. The other topic this time is “How can I make my psychological state stable?” I'd like to talk about this. You can find out to some extent whether your psychological state is unstable or stable by checking whether you are sticking to the trading strategy you had in mind when you first made the purchase, i.e., weight control, split selling method, target point, etc. There is essentially no psychological disturbance before starting to buy. Therefore, before purchasing, you can plan your trading strategy from a third party's perspective. However, psychological agitation begins as soon as you start buying, and the psychological agitation increases due to price volatility. Therefore, in order to prevent such psychological disturbance, selling in installments is absolutely necessary. The timing of split sales must be changed as the transaction progresses to suit price volatility. Therefore, what you need to think about before proceeding with the purchase is the proportion of investment, the section to proceed with the purchase, the first sale section, and the stop-loss section before starting trading. As you can infer from what I mentioned earlier, the section to purchase is around the HA-Low and HA-High indicators. If you purchase at the HA-Low indicator, the first selling section will be around the HA-High indicator. If you make a purchase at the HA-High indicator, if the HA-High indicator also rises as the price rises, the area around the HA-High indicator that you meet next will be the first selling section. It is recommended to set a stop loss point when you have recorded a loss that you can personally handle. You need to be careful because selling when you are losing too much can increase the psychological agitation mentioned above, which can have a negative impact on your next transaction. Considering this, let's take the stop loss points on the HA-Low and HA-High indicators as an example. There are virtually no support or resistance points below the HA-Low indicator. If you are using an indicator that shows other support and resistance points, you can set the stop loss zone by referring to the support and resistance points. However, it is not easy to set up if only the MS-Signal, HA-Low, and HA-High indicators are set. Therefore, when purchasing at the HA-Low indicator, controlling the proportion of investment is very important. This is because it is most effective to reduce the burden of stop loss by controlling the proportion of purchases. Usually, it is recommended to stop loss when the price falls below the opening price on the day you started buying. That way, you can buy at the HA-Low indicator, which would have risen above the HA-Low indicator again the next day. Otherwise, the timing of the purchase will keep changing, which can act as a factor in increasing the average purchase price. The HA-Low indicator is likely to be formed below the MS-Signal indicator. Therefore, rather than buying near the HA-Low indicator to reduce the burden of stop loss, it is also useful to buy when the MS-Signal indicator shows the price maintaining. In such cases, the HA-Low indicator becomes the stop loss point. To start an uptrend, the price must be above the MS-Signal indicator, and the MS-Signal indicator must be indicating an uptrend. Therefore, you can understand these characteristics well and proceed with purchasing near the MS-Signal indicator. I mentioned earlier that because the MS-Signal indicator is a curve, it is not easy to select support and resistance points. To compensate for this, we have made it possible to check the M-Signal indicators of the 1D, 1W, and 1M charts on low time frame charts. You can use this to check whether there is support or resistance on the low time frame chart and proceed with the purchase. Looking at the current BTCUSD 1D chart, the HA-Low indicator is rising and forming at the current price position. Therefore, we can see that we have entered a period in which we can proceed with transactions by creating transactions in line with what we have discussed so far. Whether you buy when there is support near the HA-Low indicator or when the MS-Signal indicator switches to a bullish sign depends on your own investment style and trading strategy. -------------------------------------------------- - 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. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
1
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside in the area of the mean VWAP. The second target is the confluence of the July 10 pivot , the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red line) at the area 12.5. This is about 35% upside. I will take this swing long trade and investigate a suitable call option as well.
H
by AwesomeAvani
Indicators that can identify trends: MS-Signal indicatorHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
Education
by readCrypto
1
How to use HA-Low and HA-High indicatorsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSD chart) The HA-Low and HA-High indicators are paired indicators. When supported by the HA-Low indicator, it corresponds to the time to buy, and when it rises to the vicinity of the HA-High indicator, it corresponds to the time to sell. This is a basic principle of indicator design. The HA-Low and HA-High indicators are indicators created for trading, so you can trade based on whether you are supported or resisted by these indicators. In addition to the basic design mentioned above, support in each indicator, HA-Low and HA-High, corresponds to the time to buy, and resistance corresponds to the time to sell. The basic design method is less psychologically burdensome, so it is easier than conducting transactions. When you try to buy because it shows support in the HA-High indicator, it is likely to be a point near the recent high, so you actually have a psychological burden. Therefore, for mechanical trading, it is best to choose a method of buying when supported near the HA-Low indicator and selling when it rises near the HA-High indicator as the basic design method. Both HA-Low and HA-High indicators exist on each time frame chart. Therefore, you can proceed with trading by looking at the time frame chart corresponding to the investment period according to your investment style. The length of the horizontal line on the HA-Low and HA-High indicators will tell you if the current trend is up or down. If the horizontal line of the HA-Low indicator is longer than the horizontal line of the HA-High indicator (HA-Low > HA-High), then the trend is likely to be up. In the opposite case (HA-Low < HA-High ), it is likely to be in a downtrend. Therefore, if you look at the 1M chart, you can interpret it as an overall downtrend. On the other hand, if you look at the 1W chart, you can interpret it as an all-out upward trend. Since it is judged to be in an upward trend on the 1W chart, what matters now is whether the HA-High indicator on the 1M chart falls and the length of the horizontal line becomes shorter than the HA-Low indicator. Therefore, from a long-term perspective, the time to buy in earnest is when the HA-High indicator on the 1M chart declines and shows support at the point where it was created. Looking at the relationship between the HA-Low and HA-High indicators on the 1D chart, it can be interpreted that there is a downward trend because the horizontal line of the falling HA-High indicator is longer than the horizontal line of the HA-Low indicator (HA-Low < HA-High). there is. Therefore, in order to turn into an uptrend, the HA-High indicator on the 1D chart must be moved and created. If not, even if it rises above 30215.26, the current HA-High indicator point on the 1D chart, the phenomenon of moving the HA-High indicator by shaking it up and down will eventually appear. This is a necessary move to sustain the uptrend, as it is inevitable. This concludes the method of trading using the HA-Low and HA-High indicators that I have been talking about for several months. Regardless of which indicator is used, the most important thing is how long the movement has been confirmed, so the reliability of the indicator can be obtained. Therefore, no matter which indicator is used to create a trading strategy, a long period of confirmation work must be done to suit the key interpretation method of that indicator. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
2
How to interpret charts from indicators (trading strategy)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- Please understand that the 'Vol & Trend' and 'Strength' sub-indicators are a synthesis of existing indicators, and cannot be disclosed because they have been judged to be unsuitable for publishing as public scripts. ---------------------------------------- It is not easy to see and interpret all the indicators displayed on the chart. Therefore, it should be viewed and interpreted as the most critical interpretation method. The first thing to look at is the position of the MS-Signal (M-Signal on the 1D chart), HA-Low, HA-High, M-Signal indicators on the 1W and 1M charts. The most important of these is the location of the MS-Signal (M-Signal on the 1D chart) indicator and price. The price is currently located below the MS-Signal indicator, indicating a downtrend. To add one more thing to this, you can also check the relationship with the M-Signal indicator on the 1W and 1M charts. Since the price is located below the M-Signal indicator on the 1W chart and 1M chart, it can be interpreted as a downtrend from a mid- to long-term perspective. Therefore, you can see that the chart as a whole is starting to enter a downtrend. In order to trade in this situation, you need to check the location of the HA-Low and HA-High indicators. Currently, the HA-Low indicator is rising and is about to be created. Therefore, if today's candlestick closes around now, we would expect the HA-Low indicator to form at 21552.44. Therefore, it becomes important whether it can rise above 21552.44. Since the M-Signal indicator on the 1W chart is passing around 21552.44, whether it can rise above 21552.44 has become an important question. If the HA-Low indicator is created at 21552.44 and fails to rise above 21552.44, there is a possibility of renewing the previous low, so you need to think about countermeasures. If support is received at the 21552.44 point, it is likely to touch the vicinity of the MS-signal (M-Signal on the 1D chart) indicator. At this time, if you succeed in breaking through the MS-signal (M-Signal on the 1D chart) indicator, the possibility of rising to the vicinity of the HA-High indicator increases. When the candle is formed today, the body of Heikin Ashi is showing a bullish sign. Therefore, even if the price fails to rise, if the price remains above the Heikin Ashi body, it can be interpreted that there is a high probability of a rise around 21552.44. At this time, you need to check whether it is supported or resisted at the point 21552.44. As such, indicators on price charts represent trends and support and resistance roles, making it the most intuitive way to anticipate future movements. To support this, 'Vol & Trend' and 'Strength' auxiliary indicators are utilized. This auxiliary indicator strengthens the interpretation of the price chart indicators by providing additional evidence when the movements of the price chart indicators are judged ambiguous. The 'Vol & Trend' sub-indicator is an indicator related to trading volume. Therefore, you can check the buy strength and sell strength according to the movement of trading volume. You can also check whether the volume is trending up or down. The 'Strength' sub-indicator consists of the Stoch, StochRSI, RSI and CCI indicators. The most important of these are the StochRSI indicator and the RSI indicator. The RSI indicator is an indicator that is related to the HA-Low and HA-High indicators. Therefore, it is not directly interpretable. However, it is paired with the Stoch indicator and used as a basis for determining an upward trend or a downward trend. It is currently looking to switch from a downtrend to an uptrend. The StochRSI indicator is used to predict periods of volatility. In addition, it is used as a basis for determining whether the trend will change to an uptrend or a downtrend in the future due to the change in the wave. The current downtrend has turned to an uptrend, and it appears to be coming out of the oversold zone. The CCI indicator is used as a basis for judging whether there is an upward trend or a downward trend. However, it shows a trend that is more than short-term. All of these indicators are scored as uptrend, stationary, and downtrend to make an overall judgment. 'Vol & Trend' indicator Stationary : 1 Downtrend: 1 'Strength' indicator Uptrend: 1 Matching: 2 Downtrend: 1 It is a situation where the basis for judgment of the sub-indicators is not needed, as all indicators that are near the current price chart are located below the price. If it starts to show stationary or sideways movements near the price chart, then with the help of the indicators, you will be able to use it as a basis for judgment. Someone said it's a chart with all the indicators, yes, that's right. However, it is not always possible to see all indicators. You only need to report it when necessary and use it as a basis for judgment. We do not think of additional interpretation methods for each indicator other than the interpretation methods described above. You should pay attention to this. By combining support and resistance points here, you can create a trading strategy. No matter how you analyze the chart, analysis ends its role with analysis. To trade, you need to create a trading strategy based on chart analysis and correlation with support and resistance points so you can start trading. However, when it comes to most chart analysis, there is a tendency to ignore trading strategies. If you ignore your trading strategy, you will most likely not be able to find the right way to respond if the movement comes out in the opposite direction you thought. Therefore, both chart analysis and trading strategy are important, but you need to do chart analysis to create a trading strategy. If you forget about this and invest all your time and effort into chart analysis, you will end up with a higher chance of failing trades when you run out of time to craft your trading strategy right. Therefore, chart analysis should be completed in the quickest way to give you plenty of time to create your trading strategy. To do so, it is urgently necessary to make efforts to predict movements beyond the current one, rather than looking at the charts based on past movements and past patterns. ----------------------------------------------------------------- ** 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. ---------------------------------
INDEX:BTCUSD
by readCrypto
4
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. ------------------------------------- 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. ------------------------------------------------- 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? -------------------------------------------------- ------------------------------------------- ** 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.) ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
10