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Check if it is a regular array before trading Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade. However, since it is located near the HA-Low indicator and the M-Signal indicator on the 1D chart, if it receives support, it can be considered an aggressive buying period. Such aggressive buying requires a short and quick response. From this perspective, if ETH maintains its price around the 2555.38-2646.97 range and switches to a regular array (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), it is ready for trading. If you are familiar with day trading, you can start with aggressive buying and move on to full-scale trading, but if you are not, it is better to pass on aggressive buying. If you make an aggressive purchase and it fluctuates up and down, you will not be able to hold on and sell when you need to make a full-scale transaction, which will reduce your profits or you will likely suffer losses even if the price rises. ----------------------------------------- Currently, the only coin recognized for its value after BTC is ETH. You can argue this, but this is a fact. Several coins are making efforts to be recognized for their value. Namely, XRP, SOL, etc. Therefore, I think that long-term investments are BTC and ETH, and the remaining coins and tokens are trading coins that earn profits through trading in the medium term or less. ---------------------------------------- (ETHUSDT 12M chart) When drawing a parallel channel, the most important trend is the trend line (1) created by the first and second selection points. Therefore, if the first and second selection points are selected incorrectly, an incorrect channel may be created. The next important thing is the third selection point, which determines the width of the channel. If this is also selected incorrectly, it can be interpreted incorrectly, so caution is required. Therefore, trend line (2) is the important trend line. The next important thing is trend line (3) created between (1) and (2). Therefore, if trend lines (1), (2), and (3) are passed, there is a high possibility that a change in the trend will occur. The Fibonacci ratio is displayed as a Trend-Based Fib Extension tool with the selected candlestick of the parallel channel. Accordingly, the drawing for basic chart analysis is completed. Fibonacci ratio or parallel channel is for chart analysis, not for trading, so do not confuse them. If you think of Fibonacci ratio as support and resistance points and there are no support and resistance points drawn separately on the 1M, 1W, and 1D charts, I think the transaction is likely to fail. Therefore, in order to proceed with the transaction, you must mark the support and resistance points on the 1M, 1W, and 1D charts. - (ETHUSDT 1W chart) If you drew an ascending parallel channel on the 12M chart, you drew a descending parallel channel on the 1W chart. The 1M chart is drawn as an ascending parallel channel like the 12M chart, so it was not drawn. This allows for a more accurate analysis when looking at just one parallel channel. The Fibonacci ratios shown on the left were drawn on the 1W chart. We found that a change in trend can occur by passing through the area indicated by the circle. - (1D chart) The price made an uptrend and then started to make a downtrend. As you can see in the 1D chart above, there are two downtrends. The first wave of the downtrend provides important information. Therefore, if possible, it is better to draw a trend line on the first wave where the change in wave occurred. The second downtrend is connected to the current wave, so this also provides important information. If you mark important areas according to the current price position, it is the same as the order of the circles marked on the chart. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because we think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next Volatility Period: Around November 4th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The next volatility period is around November 4th. At this time, the point to watch is in which direction it deviates from the range of (54.7K-56.1K) ~ (64.7K-66.6K). - This volatility period is about to end. We need to check if it can be supported around 62856.30. If it receives support near 62856.30, it will enter the box section of the HA-High indicator on the 1D chart, so it is expected to lead to an upward trend to break through the 64748.70-65920.71 section. Otherwise, if it falls, we should check whether there is support near 61099.25. In particular, if the price is maintained above 61759.99, it is expected to show an additional upward trend as it will maintain the state of M-Signal on the 1D chart > M-Signal on the 1W chart. In any case, in order for a full-fledged upward trend, a stepwise upward trend, to begin, the price must be maintained above 64748.70-65920.71. Since the BW indicator is expected to create a horizontal line at the lowest point (0), the point of observation is whether there is support at the BW line point that is created this time. - (Chart under test) (BTCUSDT.P 1D chart) This is a chart for use below 1D charts, but the trend of the 1D chart is important, so be sure to check it before starting a trade. The mandatory items in the BW+ indicator are BW 100, BW 0, and Mid (50). The High (80 Down), Low (20 UP) indicators are optional. The core interpretation method of the BW+ indicator is 1. Buy (LONG): Start trading at the BW 0 line and end trading at the BW 100 line. 2. Sell (SHORT): Start trading at the BW 100 line and end trading at the BW 0 line. 3. The Mid (50) line is the position conversion line. Therefore, since the current BW 100 line has been created, it is time to liquidate the long position entered at the BW 0 line. However, you can decide whether to completely close the transaction by selling 100% or to sell in parts and watch the situation. - Since the BW 100 line has been created, you can proceed with selling (SHORT) as the second key interpretation method. However, as I mentioned earlier, the trend of the 1D chart is important. Currently, the M-Signal indicator of the 1D chart has risen above the level and is showing signs of turning into an upward trend. Therefore, a short and quick response is required when entering a short (SHORT) position. This is because you will be trading against the trend of the 1D chart. - Since it is a futures transaction, you may think that you should trade on a low time frame chart, but that is not necessarily the case. The lower the time frame chart, the more frequent the fluctuations, making it difficult to maintain a position. Therefore, it is important to select an appropriate time frame chart according to the leverage and funds you have chosen. -------------------------------------- A gap down occurred in USDT. We need to check if the gap down occurs continuously. We need to check if USDC is maintained above 26.153B and if the gap downtrend stops. Although the coin market is trend-following, the volatility caused by the movement of funds has a great influence on forming a trend. Therefore, I think that chart analysis should not be done only with trends. ---------------------------------------- (NAS100USD 1D chart) BW line was created at 20287.1. Therefore, if it fails to rise above 20313.8, it is expected to fall. The important support and resistance area in the decline is around 19582.6. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The full-scale uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Misconceptions and Truths about Paper Trading Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- TradingView also supports Paper Trading. For more information, please click the link below. www.tradingview.com More flexibility: change your Paper Trading account currency : www.tradingview.com Even more seamless order design — directly on chart : www.tradingview.com --------------------------------------- Paper Trading is thought to support trading practice for beginners. However, this is a wrong idea. If you lack prior knowledge about trading or have no concept of trading strategy, you should not do paper trading. The reason is that the psychological burden is different. The success or failure of a trade is thought to be the result of trading strategy or response ability, but in reality, it can be said that it is determined by the battle with oneself and psychological state. This means that psychological state has a significant impact on trading. Therefore, paper trading should be considered as a transaction that is conducted to confirm one's trading strategy and response strategy after completing chart analysis. If you have completed some verification of your trading strategy or response strategy, you should continue to conduct actual trading even if you suffer a loss. The reason is that you should not forget that you can only gain know-how in trading through actual trading. Therefore, paper trading should not be used to practice mid- to long-term trading, but should be used to verify trading strategies or response strategies for short-term trading or day trading. In order to do so, you must close the transaction by selling or cutting your loss. ------------------------------------------- For more information on trading orders in paper trading, please refer to the explanation through the link above. - You can proceed with Paper Trading by clicking the Trading Panel at the bottom menu of the TradingView chart. If you connect to a Paper Trading account, you can start with an initial fund of 100,000. If the Buy/Sell button is not activated, activate the chart settings to activate the Buy/Sell button before proceeding with the trade. Right-click on the space in the price candle area to activate the window, and then hover your mouse over the Trade section to check the trading order or trading settings (when you click the Trading menu in the Chart Settings window). - In addition, TradingView is linked to a real exchange and supports real trading. It supports various exchanges, so I recommend you to check if there is an exchange that you are trading on. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
The key is whether it can rise above 61K Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It was created using the Trend-Based Fib Extension tool based on the candlestick of the selected point used when drawing the parallel channel. Therefore, from a short-term trend perspective, you can see that the area around the right Fibonacci ratio 0.618 (59369.59) ~ 0.5 (60650.13) is an important support area. - Therefore, the key is whether it can maintain the price by rising above 61099.25 after October 11. If not, and it falls, it is possible that it will finally touch the M-Signal indicator on the 1M chart. Currently, the M-Signal indicator on the 1M chart is rising around 52K. The expected crossover area is expected to be around 56K (56150.01-56950.56). - (Chart under test) If the M-Signal on the 1W and 1D charts breaks through the convergence area (1), it is expected to create a new rising wave. If not, we need to check whether there is support in the area (2). - BW v1.0 indicator's BW is an indicator that comprehensively evaluates DMI, OBV, and MACD. The interpretation method is 1. The horizontal line created by touching the 100 point becomes the trading reference line. 2. When it falls below the 80 point, the high point section is displayed. 3. The position is switched around the 50 point. 4. When it rises above the 20 point, the low point section is displayed. 5. The horizontal line created by touching the 0 point becomes the trading reference line. 2, 3, 4. are likely to have volatility, so the corresponding lines are the sections that must be responded to. In other words, they correspond to the time when split trading is conducted. --------------------------------------- The point to watch is whether USDC can be maintained above 26.153B as the gap decline decreases. The important support and resistance area for USDC is 32.435B. If the selling volume of BTC confiscated by the US government decreases and USDT gaps up, I think the coin market is likely to show an upward trend. If not, it may not be able to digest the selling volume and lead to further decline. ---------------------------------------- (NAS100USD 1D chart) We need to check whether there is support near 20313.8. Since the StochRSI indicator has entered the overbought zone, even if it rises, it will eventually fall. At this time, the point of interest is whether it can receive support near 20313.8. The most important support zone at the current location is 19582.6. ---------------------------------------- The chart consisting of parallel channels and Fibonacci ratios is a chart for chart analysis. Therefore, if your trading strategy is not properly established when trading with the support and resistance points confirmed by the Fibonacci ratio, you need to be careful because the transaction may proceed in the wrong direction. Therefore, you must mark the support and resistance points on the 1M, 1W, and 1D charts. - The chart that has been used since the past is the chart that shows the support and resistance points drawn on the 1M, 1W, and 1D charts. I think the support and resistance points shown on this chart are the most accurate among the charts I am introducing. However, it is difficult to see because it is too complex a chart to use for publishing as an idea. - I am testing whether I can trade with the trend, momentum, and market strength by comprehensively evaluating MACD, DMI, and OBV. I am testing it for use on time frame charts below 1D charts. When using it on time frame charts below 1D charts, you can disable indicators corresponding to 2 and 4 and use it. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Support around 61099.25 is the key point Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing a decline below the important section of 61099.25. Accordingly, it is important to see whether it can rise above 61099.25 and receive support. If not, and it falls below 60672.0, 1st: 59053.55 2nd: 56150.01-56950.56 We need to check whether there is support near the 1st and 2nd levels above. This volatility period is until October 11th. - (Chart under test) We are testing a new tradable chart by changing the existing DMI+OBV indicator to the BW indicator format. We will provide a detailed explanation after the test is completed. -------------------------------------- USDC is showing a short-term downtrend as a gap decline occurs. -------------------------------------- (NAS100USD 1D chart) It is supported near 19582.4 and then rose again to near 20313.8. We need to check whether there is support near 20313.8. (Chart under test) - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
This volatility period is until October 11thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period is until October 11th. Therefore, after this volatility period, we need to check in which direction it deviates from the 61099.25-65920.71 range. Since it shows that funds are flowing in through USDT, if the price maintains above 61099.25, it is expected to lead to an attempt to break through the 64748.70-65920.71 range upward. If it falls below 61099.25, 1st: 58697.01 2nd: 56204.13 We need to check whether there is support near the 1st and 2nd above. ----------------------------------------- USDT is showing a gap up. USDC is showing a gap down. If we interpret this, we can interpret that there may be a short-term decline, but it will eventually rise. The reason is that USDT has a broader market than USDC. In other words, it means that USDT has a stronger influence on the coin market than USDC. ----------------------------------- (NAS100USD 1D chart) With this rise, the BW indicator seems to have touched the highest point (100). Therefore, when the candle is created tomorrow, we need to check the price position. The current key is whether it can rise above 20313.8. However, since the StochRSI indicator is currently located near the midpoint, there is a possibility of volatility. Accordingly, we need to check whether the price can be maintained above 19852.4. ------------------------------------ (IBIT 1D chart) We need to check whether the BTC spot ETF is supported near 35.40 and can rise above the 36.32-36.64 range. If it falls below 35.40, you should check for support near 34.18. If the price is maintained above the middle point of the parallel channel, I think it is likely to rise. -------------------------------------- (12M chart) To draw a parallel channel on a 12M chart, - There must be at least 2 bearish candles in an uptrend. - There must be at least 2 bullish candles in a downtrend. (1M chart) To draw a parallel channel on a chart where waves have formed, we use the StochRSI indicator that was used to draw the trend line. That is, we capture the trend by specifying the candle at the point where the StochRSI indicator entered the overbought or oversold section and formed a low or high point. And, the third point of the parallel channel is selected as the lowest or highest point of the wave. Parallel channels are a tool for analyzing charts, so you can't create a trading strategy with them alone. Therefore, you definitely need support and resistance points drawn on 1M, 1W, and 1D charts. (1D chart) The reference line for drawing a parallel channel is line 1. Therefore, I think that passing line 1 means that there is a possibility of a change in trend. Therefore, we need to see if the price can be maintained by rising above line 1. Line 2 is also a reference line, and if it passes this, there is a high possibility of a change in trend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key is whether it can rise above 5878.7-6119.3 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think this is the first time I've written an idea for the SPX500USD futures chart. I'll give you an example of how to actually use it using the parallel channel that I introduced. No matter how good an indicator or chart tool is added, if you don't know how to use it, chart analysis can be done in the wrong direction, so it is recommended that you familiarize yourself with the core interpretation method and how to use it before using it. There are many examples of how to draw a trend line or how to draw a parallel channel, so you need to study how to draw it. ----------------------------------------------- (SPX500USD 1M chart) It is rising near the upper black line of the parallel channel. Therefore, it is likely to face resistance near the black line and fall. Accordingly, we need to check for support near 1 (5878.7) drawn with the right trend period Fibonacci Extension (Trend-Based Fib Extension) tool. If it falls, we need to check if it can rise along the middle point (black dotted line) of the parallel channel. However, since the section pointed to by the finger is an important support and resistance section, if it receives support near this section, it is highly likely that the upward trend will continue. - The left trend period Fibonacci Extension (Trend-Based Fib Extension) is drawn as the first rising wave on the 12M chart. The trend-based Fibonacci extension on the right is drawn as the last rising wave on the 1M chart. - The section drawn as a square box corresponds to an important section among the Fibonacci ratios drawn on the chart, and when viewed as a parallel channel, it passes near the upper black line, so you can see that it corresponds to an important section. - (1D chart) Since it is a futures chart, it is right to explain it on a time frame chart that can actually be traded, but since an idea can become useless as soon as time passes after publishing it, I will explain it based on the 1D chart. I think the most important trend in futures trading is the trend of the 1D chart. Therefore, when trading in the opposite direction of the trend of the 1D chart, you need to respond quickly and briefly. - A parallel channel was also drawn on the 1D chart. The first point is designated as the point that is supported and rises from the middle point of the parallel channel drawn on the 12M chart, and the point that the finger points to is designated to draw the parallel channel. The HA-MS indicator was used to draw the support and resistance points. However, as shown in the chart above, the HA-MS indicator may be distracting when viewing the chart, so I am explaining it by disabling it. - The key is whether the price can be maintained by rising above 5741.6. The 5741.6 point is the HA-High indicator point on the 1D chart, meaning that anything above this point is in the high range. Since the StochRSI indicator is currently in the oversold range, it is more likely to lead to an additional decline. Therefore, if the price falls, the key is whether it can be supported near the middle point of the parallel channel on the 1D chart, which is the section indicated by the circle. That said, I don't think it's a good idea to enter a sell (SHORT) position right now. The reason is that the StochRSI indicator is in the oversold section. Therefore, if you want to trade with a sell (SHORT) position through scalping and day trading, you need to respond quickly and quickly. Although the StochRSI indicator has entered the oversold section, the BW indicator is still rising. Therefore, you should consider that there is a high possibility of a fake or sweep that pretends to fall. Therefore, in order to make a big profit with a sell (SHORT) position, the BW indicator should be in a horizontal line at the highest point (100) and the StochRSI indicator should be falling in the overbought section. - Have a nice time. Thank you. --------------------------------------------------
OANDA:SPX500USD
by readCrypto
New wave start section: 61099.25-65920.71 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- USDT is sideways, and USDC is showing a slight downtrend. -------------------------------------- (NAS100USD 1D chart) NAS100USD is sideways near 19852.4. If it is supported and rises near 19252.4, it is expected to lead to an attempt to rise above 20313.8. If not, and it falls, it should check for support near 19582.6, which is an important support and resistance area. -------------------------------------- (IBIT 1D chart) IBIT is the stock with the highest trading volume among spot ETFs. Since the current chart was created not long ago, the role of support and resistance points may be weak, so caution is required when trading. The key is whether it can rise above the 36.32-36.64 area and receive support. If not, 1st: 35.40 2nd: 34.18 It is necessary to check for support near the 1st and 2nd areas above. In particular, the M-Signal indicator of the 1W, 1D chart is passing near 35.40, so it is important to check whether there is support near this area. From a trend perspective, the area near 34.18 is near the midpoint of the parallel channel, so it is an important support and resistance point. - With the launch of investment products related to BTC in the stock market, the movement of the stock market cannot be ignored. Therefore, caution is required as the movement of the coin market may follow the movement of the stock market. However, if more funds flow into the coin market, there is a possibility that it will show an upward trend regardless of the movement of the stock market. In other words, there may be cases where investment products in the stock market rise while other stocks fall. Therefore, there is no need to pay much attention to the movement of the stock market. Currently, when the movement of BTC is slowing down, that is, when it is moving sideways, it is only worth referring to the movement of the stock market. -------------------------------------- (BTCUSDT 1D chart) As mentioned above, the USDT and USDC movements are weak sideways, so it seems that there is a limit to the increase. Therefore, if USDC does not fall any further, it is expected to maintain the current level or rise slowly. Otherwise, if USDC continues to gap down, we need to check for support near 61099.25. - The points 64748.70 and 65920.71 correspond to the HA-High indicator points on the 1W and 1D charts. Therefore, it can be interpreted that a high point section is formed across the 64748.70-65920.71 section. The HA-High indicator point on the 1M chart is formed at 61099.25, so it has already risen to the high point range from a long-term perspective. Currently, the HA-HIgh indicators are arranged in a straight line. That is, HA-High on the 1D chart > HA-High on the 1W chart > HA-High on the 1M chart. Therefore, if it continues to rise and maintains the price above 65920.71, a full-scale uptrend, that is, a stepwise uptrend, is likely to begin. - To do this, it is recommended that the StochRSI indicator on the 1M and 1W charts is not in the overbought or oversold range. This is because I think it will receive great strength if the value of the StochRSI indicator is in the 20 to 80 range when the first uptrend begins and shows an upward trend. Currently, the StochRSI indicator on the 1W chart has entered the overbought zone. Therefore, even if it rises right now, it will eventually show a downward trend. Therefore, I think it is important to maintain the price above 61099.25 after this period of volatility. -------------------------------------- The most important thing when trading spot is whether the price moving averages are aligned. If the short-term to long-term moving averages are aligned, the upward trend is likely to continue. Currently, the price moving averages of BTC are aligned. However, the short-term and medium-term moving averages are converging. Therefore, if the current price level is maintained, an upward trend is expected to begin. Currently, the M-Signal indicator on the 1M chart is rising near 52K. Therefore, if it falls as much as possible, it is expected to fall to the M-Signal indicator of the 1M chart. In any case, from the perspective of the trading particle, the 61099.25-65920.71 section is the high point section, so whether there is support in this section is very important. It is the last buying section before the full-scale uptrend begins, but it can also be the starting section of the downtrend. Therefore, depending on which direction the price deviates from the 61099.25-65920.71 section and maintains it, a new wave will be created. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Uptrend reversal section: 2555.38-2646.97 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- In order to turn into an uptrend, the price must be maintained above 2555.38-2646.97. If not, there is a possibility of further decline. In other words, there is a possibility of decline to around 2359.35. Therefore, the key is whether it can receive support and rise near the 2464.82-2499.0 section. ------------------------------------ The above is the key to chart analysis. However, it is not easy to find an answer to why this analysis was done this way with this content alone. Therefore, in order to understand the content of my analysis, there needs to be an explanation of additional grounds. - The 2464.82-2499.0 section corresponds to the upper point of the HA-Low indicator box on the 1D chart. Therefore, if it rises above this section, it means that there is a high possibility of forming an upward trend, so it is an important section. - There is something I need to explain before that. The HA-Low. HA-High indicator is an indicator created to indicate a point for trading on the Heikin Ashi chart. (Refer to the HA-MS indicator) Therefore, the creation of the HA-Low indicator means that a low section has been formed. Therefore, if it is supported near the HA-Low indicator and rises, then it is the time to buy. When I first created the HA-Low, HA-High indicator, I didn't show the box section. Because of that, I felt like the HA-Low, HA-High indicator was useless in the movement that pretended to rise and fall. In the meantime, there was someone who asked if I could trade futures with this indicator. So, while explaining this part, I learned that the box section is formed based on the HA-Low, HA-High indicator and then the trend is formed. That's why I'm introducing it to you in the form of an indicator included in the current chart. There is no guarantee that the trend will continue just because the box section is broken. However, I was able to know at what point I should sell and cut my loss. Therefore, even if I couldn't draw the support and resistance points on the 1M, 1W, and 1D charts, if I can quickly draw the points related to the HA-Low, HA-High indicators shown on the 1M, 1W, and 1D charts, I can do a quick chart analysis. - Therefore, we can see why the 2464.82-2499.0 section is an important section, and why it should be supported at the 2359.35 point. However, the 2555.38-2646.97 section cannot be explained by the HA-Low, HA-High indicators above. To explain this section, we need to refer to the 1W chart. If you look at the 1W chart, you can see that it is the BW line point. Therefore, we can see that it is a section made up of the BW line point of the 1W chart and the BW line point of the 1D chart. In addition, it is also a section that the M-Signal indicator of the 1M chart passes through. Therefore, in order to turn into an uptrend, the price must rise above the M-Signal indicator of the 1M chart, which is a long-term trend line, and maintain the price. Otherwise, it is highly likely that it will end in a short-term and medium-term rise, so there is a high possibility that the trading strategy for the uptrend will not be applied properly. If you mainly do day trading or short-term trading, you can trade depending on whether the price is above or below the M-Signal indicator of the 1D chart. Currently, the M-Signal indicator of the 1D chart is passing through the 2464.82-2499.0 range, so it can be said that the importance of the 2464.82-2499.0 range has been proven once again. ------------------------------------------- As mentioned in the BTC idea, it is very important to find the basis for the support and resistance points that you have indicated. Doing difficult chart analysis to find this can actually cause confusion in creating a trading strategy. Therefore, it is recommended that chart analysis be intuitive and fast. If you analyze charts for a long time, your mind will become cluttered with all sorts of random thoughts, so it is an element that should be avoided. Chart analysis is about finding support and resistance points that can be used to create trading strategies by being as objective as possible and proceeding intuitively and quickly. Don't forget this, and through chart analysis, you should be able to draw support and resistance points and find the basis for them to create trading strategies. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
(Key) Support and Resistance Points and Basis (Key) If you set support and resistance points, you should consider the basis for it ------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The 61099.25-61759.99 section is an important support and resistance section. However, I think it is in an ambiguous position to proceed with trading. The reason is that it is near the section where the M-Signal indicators of the 1W and 1D charts converge. In this case, since the fluctuation range is likely to be large, when you proceed with trading, you may proceed with trading in the wrong direction. Therefore, you should check whether there is an upward or downward movement in the 61099.25-61759.99 section, and then proceed with the transaction depending on whether there is support or resistance when the 61099.25-61759.99 section shows support and resistance. - It is currently rising in the 61099.25-61759.99 section and has touched the 62856.30 point. Therefore, it can be seen that there was an upward movement in the 61099.25-61759.99 section. Now, you can proceed with the transaction by checking whether there is support in the 61099.25-61759.99 section. While you are doing this check, it may rise like this. However, it is recommended to proceed with the check because it is rare for it to rise at once. - The StochRSI indicator is currently showing signs of moving out of the oversold section. Therefore, it is necessary to check whether the state of StochRSI > StochRSI EMA can be created when a new candle is created. This is because the StochRSI indicator often rises in the oversold zone and then fails to maintain the state of StochRSI > StochRSI EMA and falls. Whether the state of StochRSI > StochRSI EMA can be maintained can be known to some extent by checking the movement at the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart. In addition, you can refer to the movement of BW, DMI, and OBV to help determine whether there is support and resistance. - The 62856.30-65918.80 section is the section that indicates the box section of the HA-High indicator on the 1D chart. Therefore, it can be said to be the section to check whether there is support and resistance at the HA-High indicator (64748.70) point on the 1D chart. Therefore, a box section can be formed within the 62856.30-65918.80 section, and depending on which direction it deviates from this section, a trend can be formed. Therefore, if it is supported near 62856.30 and rises, 1st: HA-High indicator point 2nd: HA-High indicator box top point You can check whether there is support near the 1st and 2nd above and respond accordingly. ----------------------------------------------------------- I publish ideas in a different way than people who publish ideas on TradingView. That is, I explain how to create a trading strategy for actual trading with a chart based on price movements. Therefore, there are often cases where the content predicting the immediate movement is not expressed clearly. The reason is that I explain the importance of the current price position in various ways. I think that by explaining why that point is important, you will also be able to know how to evaluate the importance of the support and resistance points you have drawn. I think that these settings are very important factors in conducting a transaction. Even if you mark support and resistance points on the chart, if you cannot properly explain why that point is important, that point may be useless when conducting an actual transaction. - If you have defined the basis for the importance of the support and resistance points you have drawn, you can create a trading strategy and conduct a transaction even if that point is incorrect. This is because you can create an actual trading method for buying and selling in the 3. Trading method and profit realization method section of the trading strategy. It is most important that the transaction ends successfully, but it is more important to what extent the transaction is conducted according to the trading strategy you have set. If the movement is somewhat in line with your trading strategy, you can create a trading strategy again and conduct a transaction even if the transaction fails. However, if you do not, it will be difficult to conduct the next transaction and you may even feel afraid. - Continuity is important in trading. Whether you are conducting an actual transaction or doing preliminary work to conduct a transaction, I think that as long as you have the will to start trading, the continuity of trading is maintained. To do this, you should check the chart at least twice a day. Otherwise, you should think that there is no continuity in trading. This is because checking the movement of the real-time chart is a very important information gathering activity. Therefore, if you do not have much time to look at the real-time chart, mark the support and resistance points on the 1M, 1W, and 1D charts in advance as much as possible and set the minimum StochRSI indicator. This way, you can save time looking at the movement of the real-time chart. - It is more important to complete the trading strategy according to it than to check whether my chart analysis is correct or not. This is because we need to quickly check the support and resistance points in the chart analysis and trade according to the trend at that point to make a profit. Therefore, there is no need to be happy or sad that your chart analysis was correct. It is better to make an effort to create a trading strategy at that time. - The general setting value of the StochRSI indicator is set to 14, 7, 3, 3 (RSI, Stoch, K, D). In other words, you can change Stoch from 14 to 7. The good thing about this setting is that the StochRSI indicator's wave comes out almost in line with the price movement. Therefore, you can see a faster movement than the basic StochRSI indicator setting value of 14, 14, 3, 3. The other indicators included in the chart you are currently viewing are modified formulas, so you should not use the indicators included in this chart. You can set the DMI+OBV indicator according to the explanation. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The meaning of this volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- If you look at the overall flow, you can see that the highs and lows are getting lower. Therefore, we can say that this wave has an important meaning. - However, what do you feel when you look at the current situation? Don't you think it will go up soon? Since the StochRSI indicator is showing an upward turn from the oversold zone, it feels like an upward wave will come out if it gets support near the current zone (61099.25-61759.99). However, if it shows resistance near 61099.25, you will think that a downward wave will come out soon. If you proceed with a transaction in advance at this time, it may only increase psychological anxiety due to the fluctuation range, so you need to be careful. - In order for an upward trend to start, the price must rise above 64748.70-65920.71 and maintain it, - In order for a downward trend to start, the price must fall below 56204.13 and maintain it. Therefore, the current section, 61099.2-61759.99, can be seen as the middle section of the section where an upward and downward wave begins. - We have one reference information for starting a transaction. That is the BW indicator. This is because when the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), it can be judged as a signal that it is time to start a transaction. Then, you can refer to the movements of the three auxiliary indicators, StochRSI, DMI, and OBV indicators to determine the trading time. I will say this again, in order to talk about auxiliary indicators, the support and resistance points drawn on the 1M, 1W, and 1D charts must exist near the price position. If there are no support and resistance points drawn on the 1M, 1W, and 1D charts, it is better not to proceed with the trade. Otherwise, if you start trading, it is highly likely that you will not be able to respond properly due to the fluctuations as the trade progresses. - Currently, OBV is located at the 1.0 point. This means that it is located between the middle point of the box section and the upper point of the box section. Therefore, it also means that it is in a position where it can rise at any time. However, since other auxiliary indicators (StochRSI, DMI) are not yet showing an upward trend, it is burdensome to start trading. - Since the OBV of the 1M, 1W charts are showing a convergence, it seems likely that the direction in which it moves in the current section will determine the future trend. Therefore, we need to check what kind of movement it shows after this volatility period (up to October 4-11). - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Support range: 61099.25-61759.99 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- As the volatility period began, the movement in the opposite direction as expected occurred. Even if it rises, it was expected to be around 61759.99, but it has risen more. Accordingly, the key is whether it can receive support around 61099.25-61759.99. This volatility period is expected to be around October 5-10 (up to October 4-11). - Since it has risen above 61759.99, you need to check if the StochRSI indicator rises in the oversold zone or switches to a state where StochRSI > StochRSI EMA. If not, if you buy first, you are likely to feel psychologically uneasy. Therefore, if it continues to rise, it is recommended to check if it is supported near 62856.30. If you want to buy when the BW indicator or StochRSI indicator does not meet the purchase timing conditions, it is recommended to approach it with scalping or day trading. Important support and resistance zones are marked with circles, so you should respond depending on how these zones are broken. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Example of Conditions for Starting Trading Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I will publish in advance due to an external schedule tomorrow. Accordingly, I will take time to provide additional explanations on the ideas published today. ---------------------------------------- I will talk about the basis for indicating the direction of progress shown in the chart above. In order to differentiate from other people's analyses, I am trying to explain the basis for indicating the support and resistance points or sections on the chart. I think that if you understand why those points and sections were set, you will eventually be able to understand them without having to read the explanation all the way through. For this, more support and resistance points are needed. This is because we can select the volatility period by additionally drawing the trend line. However, since all of these processes are displayed on the chart, there are many complaints that the chart is messy and confusing, so we are trying to reduce them as much as possible. Therefore, there are cases where the chart is displayed in two versions. The chart below is a chart that shows many support and resistance points and draws a trend line to select the volatility period. Therefore, since the support and resistance points may be displayed differently, it is recommended that you refer to the points or sections that I have written. - The conditions for starting a transaction are simpler than they look. However, when these conditions are met, the support and resistance points drawn on the 1M, 1W, and 1D charts must be displayed. Therefore, even if the conditions for starting a transaction are met, if the support and resistance points are not displayed at the corresponding price, you cannot start a transaction. Please read this carefully and thank you. - (It would be good to see this as an example of how to find the conditions that fit you and how to utilize them.) Conditions for starting a transaction are 1. Buying time conditions - When the StochRSI indicator rises in the oversold range and maintains the state of StochRSI > StochRSI EMA - When the BW indicator forms a horizontal line at the lowest point (0) - When the OBV indicator rises below the 0 point - When the DMI indicator rises below the 0 point 2. Selling time conditions - When the StochRSI indicator falls in the overbought range and maintains the state of StochRSI < StochRSI EMA - When the BW indicator forms a horizontal line at the highest point (100) - When the OBV indicator falls above the 0 point - When the DMI indicator falls above the 0 point When the above conditions are met, check whether there is support at the support and resistance points drawn near the price. Confirmation is used to proceed with the transaction. The current price position is 60672.0-61099.25. Therefore, you can proceed with the transaction depending on whether there is support in this section. Since it is currently falling below 60672.0, there is nothing you can do in spot trading other than cutting losses. In futures trading, you can enter with a sell (SHORT) position. - It is rare for all the conditions for starting a transaction mentioned above to be met. Therefore, it is recommended to basically check whether the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), and then proceed with the transaction by checking the movement of the StochRSI indicator. Also, it is recommended to select a split sell section to make a profit by calculating the fluctuation range while checking the strength of the rise or fall with OBV and DMI. - In summary of the above, Since the StochRSI indicator has not yet risen from the oversold zone and StochRSI < StochRSI EMA, it is recommended to check whether a reversal is occurring. Also, you should check whether the BW indicator has fallen to the lowest point (0) and formed a horizontal line. If the OBV and DMI indicators rise below the 0 point without meeting these conditions, you should proceed with an aggressive purchase (a transaction that requires a quick response similar to scalping or day trading). If you do not proceed with an aggressive purchase, you should wait. - It is not a good idea to enter a current sell (SHORT) position in futures trading. However, if you proceed with an aggressive transaction (scalping or day trading), you can start trading. The reason why it is not a good condition for trading is because the price is located in the 1. purchase timing condition section among the conditions for starting a transaction mentioned above. Therefore, the profit is small or you may even suffer a loss. - If you are not currently trading, I think the section where you should trade is when it rises around 61K. Before that, it is highly likely that you will not be able to purchase because it seems like it will fall further. I think this point, or the section where you actually trade, is the psychological volume profile section. This psychological volume profile section is the section where psychology applies that you must trade even now. Since this point is ultimately a low or high point, it is a section where you are likely to incur losses if you purchase. The 61K section that I mentioned earlier is a section where it is highly likely to be a low point, so it is a section where you are likely to incur losses if you cut your loss or enter a sell (SHORT) position. - If it shows resistance near 60672.0, there is a possibility that a sharp decline will occur momentarily and touch 59K and then rise. This phenomenon can be a fake or a sweep movement, so you need to be careful. In order to avoid losses from this phenomenon, auxiliary indicators are necessary. Since auxiliary indicators are lagging, they are unlikely to show large movements in sudden price fluctuations. - What I am talking about is not a method of chart analysis, but an example of how to set a standard for trading. Therefore, I hope you do not misunderstand the above as about chart analysis. Since chart analysis and trading are different, what you see on the chart is also different. In order to complement this difference, what is needed is the support and resistance points drawn on the 1M, 1W, and 1D charts. Since charts without support and resistance points are likely to be for chart analysis, there is no need to try to find a trading point on these charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Next Volatility Period: Around October 5th - 10th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The BW indicator is currently leveling off near the midpoint (50). Therefore, I think it is not suitable to trade around 60672.0-61099.25. If you want to trade around 60672.0-61099.25 depending on the support, you will need a short and quick response. - When the BW indicator is leveling off at the lowest point (0) or highest point (100), a BW line is created on the price chart. I think you can trade more stably by using this BW line as a support and resistance point. Therefore, you can wait until the next BW line is created or check whether it is supported when touching the previous BW line (61759.99) and then trade. At this time, the StochRSI indicator is also worth looking at. Since the StochRSI indicator creates waves in any case, I think it is an indicator worth referring to when trading. Therefore, - If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a time to buy, - If the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a time to sell. However, you should be aware that since you cannot know the size of the fluctuation range, you may see little profit or even a loss. To prevent this, you need the support and resistance points drawn on the 1M, 1W, and 1D charts. Based on these support and resistance points, you should proceed with the transaction depending on whether the movement mentioned above is supported or not. Then, since you can calculate the approximate fluctuation range, it will be a reference for deciding whether to proceed with the transaction. Accordingly, if you display the rise and fall range based on the 60672.0-61099.25 section, it will be as shown in the chart above. - When a new candle is created, - Whether it will definitely enter the oversold section - Whether there is a change in the slope of the StochRSI indicator - Whether the StochRSI EMA falls below the midpoint (50) You should check whether the above is satisfied and create a response strategy according to the next movement. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Box range: 109.63-113.62 ~ 123.90-130.04 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) A gap has formed in the 109.63-113.62 range. Therefore, I think it is possible to fall to around 109.63. Since the StochRSI indicator is showing signs of entering the oversold range, I think the area around 109.63-113.62 shows that it is an important support and resistance area. - (1W chart) I think the M-Signal indicator on the 1W chart is passing through the 109.63-113.62 range, proving that this range is an important support and resistance range. If it falls below 109.63, we should check for support near the M-Signal indicator on the 1M chart or near the HA-Low indicator on the newly created 1W chart. - The M-Signal indicator on the 1M chart is currently passing through the 83.13 range, - and the HA-Low indicator on the 1W chart is at the 12.77 point. Therefore, as the price falls, it is expected that the area near the M-Signal indicator on the 1M chart will become an important support and resistance range. - (1D chart) The point of interest is in which direction it deviates from the 109.63-113.62 section ~ 123.90-130.04 section. Currently, the HA-Low and HA-High indicators on the 1W and 1D charts are quite far apart. Therefore, if it falls below 109.63, the HA-Low indicator on the 1W and 1D charts is expected to rise and be newly created. The creation of the HA-Low indicator means that a low section has been formed. Therefore, if the HA-Low indicator is created this time, it is expected that a movement to create a new wave will begin. - If it falls from the HA-High indicator, it is likely to touch the HA-Low indicator. The creation of the HA-High indicator means that a high section has been formed. Therefore, in order for a full-scale uptrend to begin, the price must remain above the HA-High indicator. Therefore, when a full-scale uptrend begins, the HA-High indicator will show a stepwise uptrend. - Have a nice time. Thank you. --------------------------------------------------
NASDAQ:NVDA
by readCrypto
Support zone: 16.02-17.52 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BITO 1M chart) As a spot ETF chart, the HA-Low indicator is formed at the 16.02 point. Therefore, the key is whether it can receive support near or above 16.02 and rise above 19.50. It seems that StochRSI will enter the oversold zone and the slope will change. Accordingly, the area around 16.02 is expected to be an important support and resistance zone. - (1W chart) The point where the BW indicator of the 1W chart forms a horizontal line from the lowest point (0) is around 19.50. Therefore, I think that it is likely to turn into an uptrend if it rises above 19.50 and is supported. Since the M-Signal of the 1W and 1M charts is passing above 19.50, I think it supports the fact that it is an important point. - (1D chart) The BW line of the 1D chart is created at the 19.13 point. Therefore, the key is whether it can be supported near 17.52, the HA-Low indicator point of the 1D chart, and rise above 19.50. If not, you should check if it can be supported around 16.02. If it shows support in the HA-Low (16.02) of the 1M chart ~ HA-Low (17.52) of the 1D chart, it is a time to buy. The reason is that the HA-Low indicator has been created, which means that a low point has been formed. - If it falls below 16.02, it is expected to rise around 13.79 or higher. - Based on the current price position, - In order to turn into a short-term uptrend, it must rise above 19.50, - In order to turn into a medium- to long-term uptrend, it is expected to rise above 25.19. - In order for a full-fledged uptrend to begin, the price must rise above the HA-High indicators of the 1D, 1W, and 1M charts and maintain the price. Currently, the HA-High indicator of the 1D chart is created at 32.12. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
AMEX:BITO
by readCrypto
The key is whether there is support near the M-Signal on the 1W Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) It has entered the 2nd section (56K-61K) again. The key is whether it can receive support near the 2nd section. - (1D chart) The key is whether it can receive support near 60672.0-61099.25 and rise above 61759.99. When a new candle is created around 60672.0-61099.25, it is necessary to check whether StochRSI enters the oversold zone. If it has entered the oversold zone, it seems likely to receive support near 59053.55 and turn upward. If not, it is likely to continue to decline further. - The volatility period is around October 5-10 (maximum October 4-11). Therefore, the point of observation is whether it falls below 56150.01-56950.56 or rises above 66676.87-68249.88 after passing this volatility period. --------------------------------------- (BTCUSDT.P 1h chart) As it fell below 5EMA on the 1D chart, HA-Low on the 1h chart was newly created. However, it is showing a downward trend without being supported by HA-Low. It is currently below 5EMA and M-Sigal on the 1D chart, and is located near M-Signal on the 1W chart. Accordingly, based on the 60651.2-61149.5 section, - Check for support near 5EMA or M-Signal indicator on the 1D chart when rising - When falling 1st: 59409.3 2nd: 56975.0 Check for support near the 1st and 2nd above You can create a trading strategy like the above. If it rises above 61149.5, there is a possibility that HA-Low on the 1h chart will be created again. At this time, whether HA-Low is supported is important. - Currently, the point where the HA-High indicator on the 1D chart was created is 64716.7, so it is expected that the upward trend will continue if it rises above this point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key is whether it can be supported at 64748.70 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- There is a content about the volatility period of the StochRSI indicator in the previous idea, so please refer to it. (BTCUSDT 1D chart) The HA-High indicator on the 1D chart is expected to be generated at the 64748.70 point. Accordingly, the key is whether it can rise above 64748.70 and be supported. If not, as I mentioned in the previous idea, we need to check the support in the above section - 63118.62.64000.0 - 60672.0-61099.25 . Since the M-Signal of the 1D chart is passing around 63118.62.64000.0, it is an important support and resistance section, and since the M-Signal of the 1W chart is passing around 60672.0-61099.25, it is an important support and resistance section. However, if the decline continues, the M-Signal of the 1W chart is expected to rise around 61759.99, so this area is also an important support and resistance section. - (1D chart) Since the HA-High indicator of the 1D chart has been touched, if it fails to rise above the HA-High indicator, it is likely to touch the HA-Low indicator. Therefore, as the price falls, we need to check where the HA-Low indicator is generated. If it is not generated, it is likely to touch around the 56204.13 point. However, as I mentioned earlier, there is an important section, so it is not expected to fall easily. - The volatility period is expected to be around October 5-10 (up to October 4-11). Therefore, the point of interest is whether it will pass the 66676.87-68249.88 section or the 56150.01-56950.56 section after this volatility period. If not, and it moves sideways, you need to check if the M-Signal of the 1D chart > M-Signal of the 1W chart can be maintained. If the M-Signal of the 1D chart < M-Signal of the 1W chart is maintained, there is a possibility that it will converge near the M-Signal of the 1M chart. I will explain this in detail again when there is movement. - (1M chart) This is the day when a new moon candle is created. Therefore, I will explain this after a new candle is created. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Before the new month beginsHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) There is now one day left until a new candle is created. The current StochRSI indicator is rising below the midpoint (50). We need to check what the StochRSI indicator will look like when a new candle is created. I have marked three sections as important support and resistance sections on the 1M chart. If it falls below the second section, it is likely to turn into a downtrend, and the strong support section at this time is the third section. - (1W chart) The next volatility period is the week around October 7th. So, September 30th - October 13th. The important sections on the 1W chart are 69648.14, 65920.71, 61099.25, and the M-Signal on the 1M chart. The StochRSI indicator has risen above the midpoint (50). Therefore, it is necessary to check whether it will enter the overbought zone when a new candle is created. Since the BW line is currently formed at 69648.14, it is important to check whether there is support near this point. If it goes up a bit more, there is a possibility that a new BW line will be created, so if a new BW line is created, we need to check whether there is support near it. - (1D chart) Among the volatility periods mentioned in the 1W chart, it is expected that full-blown volatility will likely occur between October 5th and 10th. What is important to watch as this volatility period passes is whether it can fall below 56150.01 or rise above 66676.87-68249.88. - It is currently located near the HA-High indicator on the 1W chart. As I mentioned in the previous idea as an update, the StochRSI EMA indicator has never touched the 100 point. Therefore, there is a very high possibility that the StochRSI indicator will be reset somehow. Therefore, it is an important point to watch how the StochRSI indicator is initialized. Since it is overheated, even if it shows a slight decline, the StochRSI indicator shows a downward trend. In this movement, buying because the price is rising will make your psychological state unstable. Therefore, it is necessary to check whether it can be supported at the lower point of the HA-HIgh indicator box (65441.08) ~ 65920.71. If it falls without support, 1st: 64179.08 2nd: 61099.25 You should check whether it is supported at the 1st and 2nd points above. When the StochRSI indicator falls in the overbought zone, there are cases where it immediately shows a downward trend and cases where it does not. Currently, it seems that volatility is likely to occur when the StochRSI indicator is located near the midpoint (50). At this time, I think it is important to know where it is supported. - If it rises above 65920.71, 1st: 67614.25 2nd: 69648.14 We need to check whether it is supported near the 1st and 2nd above. However, depending on whether the StochRSI indicator is initialized, there is a possibility that the upward trend will continue while creating a new wave, so we need to watch the situation. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
StochRSI EMA has never touched 100Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" too. Have a nice day today. ------------------------------------- Looking at past movements, there were cases where the current movement was shown near the peak of the uptrend. In any case, when the StochRSI EMA rose to around 99 or above and then started to fall, the StochRSI indicator was reset after the additional rise occurred in most cases. There were two cases where the StochRSI indicator did not reset after rising to the overbought zone and then rose to the overbought zone again. In other words, if the StochRSI indicator did not reset and touched the overbought zone twice, you can see that the reset has mostly occurred. If the current decline continues, it is likely to fall because it will become a double top. The reason why it is so obsessed with this is because the StochRSI EMA has never touched the highest point (100) so far. - Therefore, looking at the current position, the important support and resistance zone is the 65920.71-67614.25 zone, so it is expected that the StochRSI indicator will be reset as it receives resistance and falls in this zone. At this time, it is expected that the support near the 63118.62-64000.0 zone will be the key. This is because the M-Signal indicator on the 1D and 1W charts is expected to rise to this area. - If it falls further, the 60672.0-61099.25 zone is expected to be a strong support zone. The 61099.25 point is the HA-High indicator point on the 1M chart, so it is important to check whether it is supported. - The next important support and resistance area is around the M-Signal indicator on the 1M chart. Currently, the M-Signal indicator on the 1M chart is rising around 52.1K. Therefore, if there is a movement as I mentioned earlier, the M-Signal indicator on the 1M chart is expected to rise around 56K. - There are fewer cases of a sharp downtrend immediately following a strong overheating of StochRSI than expected. Therefore, it is expected that there will be time to respond depending on whether there is support around the area I mentioned above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BNB trying to reset the indicatorHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator is showing signs of falling below 50 even though it has not fallen much. In order for the StochRSI indicator to be reset, it must touch the oversold zone. When the StochRSI indicator is reset and rises in the oversold zone and becomes StochRSI > StochRSI EMA, it is expected to create an upward wave if it receives support and resistance points on the 1M, 1W, and 1D charts drawn on the chart. The point of view is how BTC will reset the StochRSI indicator. - Important support and resistance zones - 578.4-595.0 - 496.0-498.3 The two zones above are important support and resistance zones. - If it falls below 595.0, the M-Signal indicator on the 1D chart is rising near 578.4, so you should check whether it can be supported and rise near this area. Therefore, the key point is where the StochRSI indicator enters the oversold zone or the BW indicator touches the lowest point (0). - If it rises from 595.0, 1st: 606.7 2nd: 664.3 You should respond depending on whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The difference between buying on the chart and actual buyingHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- #ETHUSDT When ETH looks good to buy, it will rise near the section the finger is pointing to. That's because if you wait any longer, you will feel like you've missed it. However, the section we should buy is the section the arrow is pointing to. The best position among these is when it goes beyond the section the arrow is pointing to after September 17. The reason is that the DMI and OBV rose near the BW line and HA-Low. Currently, OBV has risen above the High Line, but since DMI is at 0, I think it would be better to wait until DMI shows an upward trend. If you couldn't wait and were going to buy, you should have bought it at the time when you should have bought it before. - The BW line has been created again near the current price. Therefore, when it rises above the BW line and shows support, it is the time to buy. However, since it was created at the highest point (100) of the created BW line, it is recommended to check whether it is supported even if it rises. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Overheated state of all timeHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The current situation is showing an overheated state of all time. Accordingly, there seems to be a possibility of a sharp change in the StochRSI indicator. Since it touched the expected rising range, there is a possibility that a price adjustment will begin to lead to an additional rise. If it falls below 63118.62-64000.0, 1st: M-Signal on the 1D chart (current location 61759.99) 2nd: 59053.55 You should check for support near the 1st and 2nd above. If the upward trend continues and rises to the 65920.71-67614.25 range, there is a possibility that the StochRSI indicator will show a reversal phenomenon, but I don't think that will happen because I don't think that has happened so far. In other words, there is no phenomenon of divergence in the indicator due to excessive upward trend. - The StochRSI indicator was reset after February 18, but the price drop was not large. I think that in order for the current overheated state to lead to additional rise, it should show at least the same movement as after February 18. - When you think that it might go up without doing anything, it is a high point and I think it is a good choice to watch the situation a little more. --------------------------------------------- DMI is displayed as a line, and OBV is displayed as a column. DMI is easy to interpret, but OBV can be a bit difficult. The reason is that OBV is displayed by dividing it into 4 sections. 1. Above High Line: Dark Orange (#e65100) 2. Mid Line ~ High Line: Orange (#ff9800) 3. Low Line ~ Mid Line: Aqua (#00bcd4) 4. Below Low Line: Blue (#2962ff) The above 4 sections are divided and the rise and fall are indicated based on the 0 point. What you should pay attention to here is the state of DMI when each section is crossed. This is because there may be a change in trend when OBV exceeds the range when DMI rises and falls based on the 0 point. (In other words, the trend change occurs and DMI and OBV change, but I explained it the other way around for easier understanding.) Accordingly, if we interpret the current state, it shows a strong upward trend. - DMI is maintaining an upward trend above 0 point - OBV is above the high line: a dark orange (#e65100) range has occurred - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto