Oscillators
Oil's Well That Ends Well: Riding the Wave "OIL"Oil's technical picture is looking increasingly bullish. A recent bounce off a key support level has formed a compelling inverted head-and-shoulders pattern on lower timeframes. This classic reversal signal, combined with a series of higher highs in recent weeks, points to a strong uptrend in progress. According to my Elliott Wave analysis, we are currently in the impulsive phase, heading towards the 5th wave target of $75.00. This confluence of technical indicators suggests that oil is poised for further gains.
SPX H&SHead and shoulder pattern will confirm or deny here shortly. The target for the H&S breakout would fill the gap below. It has made multiple bearish divergences lately making new highs. Seems like we are due for a healthy pull back.
Support Zone: 168.46-171.63
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(SOLUSDT.P 1M chart)
The important zones are three zones.
- 171.63
- 137.04-147.56
- 101.78
Therefore, you can trade depending on whether there is support near 171.63.
-
(1W chart)
The location of the BW (100) indicator is 202.68.
Therefore, the point to watch is whether it can rise from around 171.63 and rise above 202.68.
If not, since the HA-High indicator on the 1W chart is formed at the 168.46 point, we need to check for support around 168.46-171.63.
If it falls below 168.46, we need to check for support around 137.04-147.56.
-
(1D chart)
The HA-High indicator on the 1D chart is formed at the 179.77 point.
Therefore, the key is whether it can support around 179.77.
Currently, the StochRSI and StochRSI EMA indicators are in the overbought zone and the BW indicator is at the highest point (100).
Therefore, although it is showing strong upward strength, it will show a downward trend as the downward pressure increases over time.
At this time, the point to watch is whether it can receive support around 168.46-171.63.
If it receives support, I think it is highly likely that it will lead to an upward trend to rise above the 202.68 point as I mentioned earlier.
If not, and it falls, we should check whether there is support around 158.39, where the M-Signal indicator on the 1D chart is passing.
-
The arrow was created because the BW indicator touched the 100 point.
Since it has been maintaining the 100 point since then, the BW (100) line is not created.
If the price shows a downward trend, it will show a trend of creating the BW (100) line.
Therefore, it is recommended to proceed with trading according to the movement after the BW (100) line is created.
Therefore, it can be seen that the possibility of the BW (100) line being created at the 179.77 point is increasing.
Therefore, it is necessary to check whether it is possible to enter a short-term SHORT position.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin 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 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
-----------------
DLTR longDollar Tree, Inc. ( NASDAQ:DLTR ) is a U.S.-based discount variety store chain. It operates under both the Dollar Tree and Family Dollar brands, offering products at affordable prices. The company serves various customer segments, from budget-conscious individuals to those seeking value for everyday items. DLTR has seen growth due to its ability to adapt to economic conditions, supply chain management, and product offerings across its network of thousands of stores.
Expansion of Products: Dollar Tree has been increasing the price of some items beyond its famous $1 price point, up to $5, to accommodate a broader range of products and offset rising costs.
Cost Pressures: The company has faced challenges related to inflation and supply chain issues, which have impacted margins and led to adjustments in product pricing.
Leadership Change: Dollar Tree has brought in new leadership to help manage its Family Dollar brand and address operational inefficiencies.
These moves are part of Dollar Tree’s strategy to stay competitive and adapt to changing consumer demands and economic conditions.
Support and Resistance Zone: 68393.48-69031.99
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-------------------------------------
(BTCUSDT 1D chart)
The key is whether it can find support near 68393.48-69031.99 and rise above 71280.01.
If not, and it falls, you should check whether it finds support near 65920.71-67414.39.
-
You should check if the StochRSI indicator is rising in the oversold zone and if the StochRSI EMA falls below 50 and changes to the state of StochRSI > StochRSI EMA.
This is because you should check at what point support and resistance are received when the state of StochRSI > StochRSI EMA changes.
That is, if it shows support around 68393.48-69031.99, it is because it is a time when additional purchases can be made.
If it shows resistance around 68393.48-69031.99, there is a possibility of another decline.
This is because if you refer to the previous movement of the StochRSI indicator, it can lead to a movement similar to a double decline.
-
Since it touched the BW (100) section (68393.48-69031.99), it is better to approach it from the perspective that it will basically fall.
However, if it shows a price maintenance in this BW (100) section and the StochRSI indicator shows an upward movement in the oversold section, the possibility of additional increase increases.
Therefore, you should check whether additional purchases can be made by checking whether there is support near 69031.99.
-
Volatility may occur depending on the location of the StochRSI indicator.
- When the StochRSI indicator falls in the overbought section
- When the StochRSI indicator is near the 50 point
- When the StochRSI indicator rises in the oversold section
Volatility may occur in the three areas above.
Due to this volatility, you can know how the movement will proceed in the future by checking whether there is support at the support and resistance points drawn on the chart.
-----------------------------------------------
I think the coin market is likely to continue its upward trend unless USDT gaps down.
The gap down of USDC is likely to eventually cause the coin market to fall in the short term.
Therefore, I think it is better to trade from a short-term perspective until USDC stops its downward trend.
-
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 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
-----------------
This Time Is Exactly The SamePerfect linearity in the Mid-Cycle crossings of the BTCUSD Monthly Stochastic RSI. This Mid-Cycle isn't different this time.
Mathematically it is exactly the same as every other very (overly and early) bullish Mid-Cycle.
USD/CHF looks heavy despite relentless USD strength The Swiss franc has held up remarkably well this week despite some of the G10 FX moves against the USD.
Sitting in a rising wedge, it was rejected at uptrend resistance on Wednesday, deliver an inverse candle on the daily. The price now finds itself resting on uptrend support and looks heavy. RSI (14) has diverged from price but the bearish signal on momentum has yet to be confirmed by MACD, although the latter also looks toppy.
One short setup would be to sell now or on a break of the uptrend with a stop above Wednesday’s high for protection against reversal. The initial target would be .8617 although, to make the risk-reward stack up, it would be preferable to target the 50-day moving average.
Good luck!
DS
Importance of the 20212.7-20357.0 section
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There may be differences in the support and resistance points I mentioned in the previous idea due to changes in the indicator you are using.
Please understand this.
------------------------------------------
Since indicators are expressed according to the movement of price or trading volume, it is not good to blindly trust indicators.
However, if you look at the movement of the indicator, you can have time to decide how to respond in the future.
In that sense, I think the StochRSI indicator is showing signs of creating a double bottom.
In the meantime, if it enters the oversold zone, I think it is highly likely that it will lead to an additional decline.
Therefore, if it falls from 20212.7, it is expected to fall to around 19823.6.
Therefore, whether there is support around 20212.7-20357.0 is an important issue.
The most important support and resistance area is around 19582.6.
-
Have a good time.
Thank you.
--------------------------------------------------
The beginning of trading begins with waitingHello, traders.
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(BTCUSDT 1D chart)
There are indicators that are paired with indicators that show support and resistance points.
The HA-Low and HA-High indicators and the BW (0) and BW (100) indicators are paired.
- HA-Low, BW (0) indicators show the low range,
- HA-HIgh, BW 100) indicators show the high range.
Therefore, if it touches HA-HIgh or BW (100) and starts to decline, it is likely to touch HA-Low or BW (0), and you should think about a countermeasure.
If it encounters resistance at the HA-High indicator (67414.39) on the current 1D chart and starts to decline, it is likely to touch the HA-Low indicator (currently 56204.13) on the 1D chart.
However, you should be aware that the HA-Low indicator may move and be created as the price falls.
Since the BW (50) indicator exists between the BW (100) indicator and the BW (0) indicator, it cannot be said that a decline in the BW (100) indicator will necessarily touch BW (0).
Accordingly, the BW (50) indicator can replace the role of the BW (0) indicator.
The above explanation is the information required when utilizing the indicators on this chart.
-
The 65920.71-67414.39 section is a section composed of HA-HIgh indicators.
Therefore, the key is whether it can receive support and rise in this section.
If not, and it falls below 65602.01, there is a possibility that it will fall to around 61099.25.
However, since the M-Signal indicator on the 1W chart is passing around 62791.03, it is highly likely that it will touch around 62791.03 and rise, and you should consider a response plan.
-
Since the M-Signal indicator on the 1D chart is passing around 65920.71, it can be interpreted that it is currently shaking.
However, if it fails to rise above 67414.39, it is expected to eventually fall below 65602.01, so caution is required when trading.
-
We need to check whether the StochRSI indicator will enter the oversold zone with this decline.
If the STochRSI indicator has entered the oversold zone, there is a high possibility that the downward force will be strong, so it may lead to an additional decline.
Therefore, whether there is support around 65602.01-65920.71 is significant.
-
Based on the above, we can see that it is not the time to conduct a new transaction.
Therefore, in order to conduct a new transaction, we need to check whether the StochRSI indicator turns upward when it shows support around 65602.01-65920.71.
If not, and it falls, it can be seen that it is time to start trading when the HA-Low indicator or BW (0) indicator is newly created or when it is confirmed to be supported around 61099.25-62791.03.
-
If you create a trading strategy and start trading and the movement is in the opposite direction, then you should check the movement of the support and resistance points or indicators.
(SOLUSDT.P 1D chart)
That is, let's assume that you started trading by selling (SHORT) when the arrow indicating the appearance of the BW (100) indicator was created and the BW (100) line was created when it showed a downward trend, as in the SOL chart.
However, as the price rose, the BW (100) line disappeared and rose to around 171.63.
We should also think about countermeasures for this movement and start trading.
Even if you didn't think about it, you can see that the STochRSI indicator has entered the overbought zone, so it will eventually fall over time.
Therefore, you just need to decide whether to proceed with additional selling (SHORT) in the current rise or wait.
Since it is a futures transaction, the forced liquidation point is close, so you should consider this first and think about a response plan.
Since the StochRSI indicator touches the highest point (100), it cannot be said that the decline will begin immediately, so it is better to check the movement a little more.
Fortunately, the BW (100) line of the 1M chart currently exists at the 171.63 point, so it is expected that you can create a response strategy by checking whether there is support near 171.63.
-------------------------------------------------
You should continue trading even if the transaction fails.
Otherwise, you will lose your trading sense and it may not be easy to start trading again.
However, you should not start trading at any time.
You need to be able to wait for the right time to start trading, and when it's time to start trading, you need to start trading boldly.
(BTCUSDT.P 1D chart)
I started trading with the previous indicator chart, so it's a bit low entry price, but I'm maintaining a sell (SHORT) position at 68293.8.
Unlike the BTCUSDT chart, the BTCUSDT.P chart has a volume profile section formed at 66750.0.
Therefore, it is expected that it will be important whether it receives support or resistance around 66750.0-67392.1.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real 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
-----------------
VETUSDT Long Setup Setting / Divergence on the ChartBINANCE:VETUSDT
COINBASE:VETUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
0.2295-0.2352
⚡️TP:
0.2360
0.2405
0.2440
0.2481
🔴SL:
0.2203
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Approaching Key Levels with Potential Deep Correction Ahead!OANDA:XAUUSD
Current Price: 2737.445
2H Chart
Reason for Correction:
1H - Monthly: Overbought Zone (Deeper Correction Possible)
As indicated on the chart, the price is in an uptrend within an ascending channel on the Daily chart, and a similar trend is observed on the 2H chart, where an additional ascending channel is also forming.
Moreover, Gold is currently in the overbought zone across multiple timeframes, from 1H to the Monthly chart.
Before a potential correction, the price may rise to the overbought zone at 2753.906 or even the extreme overbought zone at 2773.699. However, it is not necessary for the price to reach these levels, as a correction could begin sooner.
A potential correction could target 2700, a significant psychological level, and extend further to 2685. It’s also possible for a deeper correction to occur, which will be addressed in a subsequent analysis.
Key Levels:
• 2753.90
• 2773.70
• 2700.00
• 2685.44
Happy trading!
The role of the StochRSI indicator
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Since the StochRSI indicator creates waves in any case, I think that using the StochRSI indicator can be of great help in predicting fluctuations.
In that sense, we decided to use the StochRSI indicator again in the evaluation items of the BW indicator.
If possible, we plan to finish modifying the indicator with this version.
The indicators used in this BW indicator are MACD, StochRSI, OBV, and ATR.
-----------------------------------------
(BTCUSDT.P 1D chart)
After the price fell after October 20, the StochRSI indicator eventually fell from the overbought zone.
After that, it is rapidly falling below the midpoint (50).
As such, the closer the StochRSI indicator gets to the highest point (100), the higher the possibility of a large fluctuation when falling.
Accordingly, you should check the position when entering the oversold zone or turning upward.
Currently, there is a support and resistance zone formed in the 65568.1-65922.3 zone, so the point to watch is whether it can receive support and rise near this zone.
If it falls below the 65568.1-65922.3 zone, you should check whether it can touch the BW (50) area or the M-Signal area of the 1W chart and rise.
To do so, you should check whether there is support near 61149.5-62839.8.
-
If it is supported and rises near the volume profile area of 66750.0,
1st: 67392.1
2nd: 68447.9-69020.1
You should check whether it is supported near the 1st and 2nd above.
-
If it touches BW (100) and falls, it is likely to touch BW (0).
However, since it can rebound near BW (50), you can start trading depending on whether there is support near BW (50) for now.
Since the BW (50) point on the 1W chart is formed at the 65568.1 point, when it shows support near 65568.1-65922.3, you should check whether the StochRSI indicator rises above the midpoint (50) and maintains the state of StochRSI > StochRSI EMA.
-
When the StochRSI indicator rises above the midpoint (50), you should start looking for a time to sell, and when it falls below the midpoint (50), you should start looking for a time to buy.
The critical time is when it rises in the oversold zone or falls in the overbought zone.
-
Since the StochRSI indicator is showing a faster decline than the price, it seems likely to create a pullback pattern.
If the BW indicator falls below the midpoint (50), the price may plunge, so be careful.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
The real uptrend is expected to start after rising above 29K.
The next bull market is expected to touch 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
-----------------
USDJPY - Sell Stop- Bearish Divergence
- Resistance at the current point
- Chart pattern shows the trend lasts 1000 pips and changes direction
- DXY has been very bullish on daily TF, it needs to make higher low.
- Break of a trend line.
Need to check support and resistance zones
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-------------------------------------
(BTCUSDT 1D chart)
The HA-High indicator is being created at the 67414.39 point, showing support.
Therefore, the key is whether it can be supported around 67074.14-67414.39 and rise above 68955.88.
If not,
1st: 65920.71
2nd: 61099.25-62540.0
You need to check whether there is support around the 1st and 2nd above.
Currently, the M-Signal indicator of the 1D chart is passing near 65920.71, and the M-Signal indicator of the 1W chart is passing near 62540.0.
Therefore, whether there is support near the 1st and 2nd is meaningful in terms of the trend.
---------------------------------------------
When drawing a trend line, the point that the arrow points to corresponds to the point selected when drawing the trend line.
The points 1 and 2 indicated on the StochRSI indicator are inflection points that do not enter the overbought or oversold zone, so they are not used when drawing the trend line.
You can display the volatility period according to the currently drawn trend line and the support and resistance points drawn on the 1M, 1W, and 1D charts.
For the reason for selecting the volatility period, please refer to the part indicated by the circle.
Accordingly, the volatility period is around October 25, October 30, and November 12.
The volatility period I mentioned is just for explanation.
In reality, we need trend lines drawn from the past on the 1M, 1W, and 1D charts.
The importance of trend lines is in the order of 1M > 1W > 1D chart trend lines.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section 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
-----------------
ACHC buying opportunityNASDAQ:ACHC buying opportunity, imo
Acadia Healthcare Company, Inc. (ACHC) is a provider of behavioral healthcare services, operating inpatient psychiatric facilities, residential treatment centers, outpatient clinics, and therapeutic school-based programs.
Key Information:
Sector: Healthcare (Behavioral Health)
Market Cap: ~$7 billion
Business Focus: Acadia Healthcare specializes in the treatment of mental health and substance use disorders. The company operates facilities across the U.S. and the U.K., offering services such as acute inpatient psychiatric care, residential treatment for adolescents, and addiction recovery programs.
Recent Developments:
Acadia Healthcare has benefited from the growing demand for mental health and addiction treatment services, particularly in the wake of the COVID-19 pandemic, which highlighted the importance of behavioral health services. The company continues to expand its network of facilities and partnerships to meet this demand.
Acadia is seen as a key player in the growing behavioral health market, and the stock could offer growth potential as awareness and need for mental health services increase globally.
1 Hour Squeeze on $AMZN & $QQQ for and EXPLOSIVE move this week!- I like this setup on the 1 hour time frame. Looks very explosive
- Previous week was a Failed2UP Candle (Red week prev. week)
-Bullish candles on daily out to the yearly time frames
-1 Hour Squeeze
-Inside Week
-This setup could lead to weekly break out
US dollar rally faces hurdle as rates unwind stalls at key levelWhether it reflects US economic exceptionalism reducing the need for large-scale rate cuts from the Federal Reserve or improved prospects for Donald Trump winning the US Presidential election, or a combination of both, it’s obvious the US interest rate outlook is dictating direction across FX markets.
Higher US yields are sucking capital from other parts of the world, helping to fuel US dollar strength. With short-dated Treasury futures teetering above a key technical level, what happens next could be highly influential in determining the path for currencies and global borrowing costs as we move towards year-end.
Example of creating a trading strategy chart
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To interpret the chart from a trend perspective, you can use the MS-Signal indicator.
The MS-Signal indicator consists of the M-Signal indicator and the S-Signal indicator.
Therefore, you can analyze the chart by checking the arrangement of the M-Signal indicator and the movement around it.
The most important thing in chart analysis is support and resistance points.
Therefore, if you do not indicate support and resistance points, it can be said that the chart analysis cannot be used for trading.
-
So, Fibonacci retracement and trend-based Fibonacci extension are widely used in chart analysis.
I used the Trend-Based Fib Extension tool.
I selected and displayed the low and high points pointed by the fingers.
The selection of the candles pointed by the fingers corresponds to the inflection points of the StochRSI indicator.
-
If you connect these, you get a trend line.
The important thing when drawing a trend line is to connect the high points of the StochRSI indicator by connecting the opening prices of the falling candles.
When connecting the low points, you can connect the low points regardless of whether it is a falling candle or an rising candle.
This is because I think it best expresses the trend and volatility period based on my experience using it.
When drawing the Fibonacci ratio and when drawing the trend line, the selection points are different, so you should draw it with this in mind.
-
If it is drawn as above, you can see that the chart is ready to be analyzed.
Since the channeling most commonly used in chart analysis has been formed, I think chart analysis will not be difficult.
However, the above method is a drawing for chart analysis, so it is not suitable for trading.
This is an important point.
If you are good at chart analysis, but wonder why you lose money when trading, you should change the drawing of support and resistance points.
Do not trade with Fibonacci ratios, but mark support and resistance points according to the candle arrangement on the 1M, 1W, and 1D charts and create a trading strategy according to their importance.
-
The chart above shows the support and resistance points drawn on the 1M, 1W, and 1D charts.
To display this, we used the HA-High, HA-Low, OBV 0, OBV Up, OBV Down, BW (100), Mid (50), BW (0) indicators.
To display the exact volatility period, we also need to draw a trend line on the 1M, 1W chart.
The indicators that are important for support and resistance points are HA-Low, HA-High, BW (100), BW (0).
Therefore, the point where the trend line intersects this point is likely to correspond to the volatility period.
It is not accurate because it is displayed only with the trend line that was created right away, but I think it explains well how to display the volatility period.
-
If you display the volatility period like this and hide all indicators, you will have a complete chart that can be used for trading.
-
Have a good time.
Thank you.
--------------------------------------------------
The importance of explanation of the basis
(Title) The important thing in chart analysis is the explanation of the basis.
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You need to read the explanation below to understand the points, sections, and volatility periods that I'm talking about.
However, for those who don't need that, I'll briefly explain it first.
Support section
1st: 65920.71-67414.39
2nd: 61099.25-62540.0
Resistance section
68955.88-72078.1
The next volatility period is around November 7th, so the point to watch is which section of the section I mentioned above it is located in after passing this volatility period.
-------------------------------------------------
(BTCUSDT 1D chart)
The StochRSI indicator is showing a downward trend after approaching the highest point (100).
The StochRSI indicator used in this chart is an indicator created by changing the formula of the general StochRSI indicator, so there may be a slight difference from the StochRSI indicator you are actually using.
The setting values of the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
In any case, since the StochRSI indicator is showing a downward trend, it seems likely to lead to an additional decline.
However, if the StochRSI indicator has not fallen from the overbought zone, there is a possibility of a rebound, so it is necessary to check the support and resistance points formed at the current price position.
The current price seems to be located near the Mid (50) indicator and the HA-HIgh indicator is about to be newly created.
Therefore, if the HA-High indicator is created at the 67414.39 point, the support around that point is an important issue.
Since the HA-High indicator of the 1W chart is formed at the 65920.71 point, we can see that the important section is around 65920.71-67414.39.
-
If the HA-HIgh indicator of the 1D chart is newly created, the HA-High of the 1D chart > HA-High of the 1W chart > HA-High of the 1M chart, so the regular array of the M-Signal indicator, which is a trend perspective, is expected to create a regular array from the post-trading perspective as well.
If this regular array state is created, it is more likely to create a new upward wave, so it is more advantageous to look at the market from a long (LONG) perspective.
Therefore, it is expected that the important point of observation will be where support is received at this initialization of the StochRSI indicator.
The initialization of the StochRSI indicator means moving from the overbought section -> oversold section, oversold section -> overbought section.
When this initialization process is performed,
- When falling from the overbought section,
- When located in the middle point,
- When rising from the oversold section,
Volatility is likely to occur when passing through the three areas above.
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Considering the importance of support and resistance points, the movement of the StochRSI indicator, and the M-Signal indicator, it is expected that the upward trend will continue if the price is maintained above 62540.0.
If possible, we should check if it can be supported and rise near 65920.71-67414.39.
If the BW (100) indicator on the 1D chart is not regenerated, it is expected that a full-scale uptrend will begin only when it rises above 72078.1.
Therefore, from the current price position, it is expected that how it will break through the 68955.88-72078.1 range will have a major impact on the future trend.
The next volatility period is around November 7.
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(1W chart)
If you look at the 1W chart, you can see a clearer movement than the 1D chart.
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I think trading is classifying the support and resistance points drawn on the 1M, 1W, and 1D charts according to importance and creating a trading strategy accordingly.
This is what I said in the previous idea about why support and resistance points are important.
In order to classify the importance, you need to look at how densely the candles are arranged.
In other words, you need to look at how many sideways sections are created.
You can also use the Renko chart for this.
If you share and use this chart, the HA-High, HA-Low, BW (100), and BW (0) indicators form the most important support and resistance points when trading.
And the next important indicators are the Mid (50) and OBV 0 indicators.
To check this, draw the indicators formed on the 1M, 1W, and 1D charts, and they will immediately act as support and resistance points.
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Although the coin market is a market that follows trends, you cannot know everything from the trend.
In other words, you need support and resistance points and the StochRSI indicator to check volatility.
If you don't check this, I don't think it's easy to check volatility.
I explained how to check trend lines and volatility periods with the previous idea.
I'll take the time to explain it again next time.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected 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
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Bitcoin’s bullish break opens door for run to record highsBitcoin’s break of downtrend resistance has opened the door for a run towards the record highs set in March, especially with the price action today suggesting the break will stick.
Even though RSI (14) is nearing overbought territory, both it and MACD continue to offer bullish signals on momentum. One look at historic price patterns also tells you overbought conditions are no impediment for further gains in the near-term.
Rather than buy around these levels, I’m waiting for a potential pullback/retest of the former downtrend before establishing longs, allowing for a tight stop to be placed below for protection.
$70000 would be the initial trade target with $71931.60 and record high the next after that.
Good luck!
DS
EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart!
After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows.
-The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now.
Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things:
*23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below
*38.2% Level sits right in the center of the Resistance Zone created from the March Highs
*50% Level is at the Higher Low that was Broken to Confirm the Double Top
I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down!
Potential Set-Up: Sell Entry
1.09058 (23.6%) - 1.09647 (38.2%)
SL - 1.10112 (50%)
TP - 1.0665
Configuring channeling between indicators
Configuring channeling between indicators (StochRSI, BW reference)
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1D chart)
From September 22 to 28, the StochRSI indicator was maintained at the highest point (100).
Since October 16, the StochRSI indicator has risen above 99.
Accordingly, there may be additional increases.
At this time, the point of observation is whether it can rise to the vicinity of 71280.01-72078.1.
It is expected that the StochRSI indicator will have to rise above 68955.88 to touch the highest point (100).
I think that the longer the StochRSI indicator stays in the overbought zone, the stronger the downward pressure becomes.
Therefore, this pressure is likely to appear as a sharp change in the StochRSI indicator.
The StochRSI indicator cannot tell the fluctuation range.
Therefore, we can only make predictions by referring to the important support and resistance points drawn on the 1M, 1W, and 1D charts.
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In order for BTC to continue its full-scale upward trend, the price must be maintained above the HA-HIgh indicator.
Accordingly, from the current perspective, the price must be maintained above 61099.25-65920.71.
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(1M chart)
It seems that the change started on the 1M chart.
Accordingly, we need to look at the section where a new candle is created.
From the current perspective, the BW (100) line is created at 68955.88, 71280.01, and 72078.1.
Therefore, these points may correspond to resistance sections.
Breaking through this point upward means renewing the high section, which increases the possibility of creating a new wave.
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New indicators called OBV Up and OBV Down have been added.
These indicators also display the high and low sections.
It is expected to be useful when creating detailed trading strategies and response strategies.
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The HA-Low, HA-High, BW (0), and BW (100) indicators display the low and high sections, respectively.
Therefore, the basic trading method is to buy at the HA-Low, BW (0) point and sell at the HA-High, BW (100) point.
Therefore, the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as the box section.
A trend can be considered to be formed only when this section is exceeded.
The box section consisting of the HA-Low ~ HA-High, BW (0) ~ BW (100) section can be considered as channeling in a broad sense.
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(Renko 1D chart)
If the price is maintained above 68K, it is highly likely to create a new wave.
This makes it more likely to break out of the downward sideways movement.
If it falls below 68K, it is necessary to check whether it is supported around 58K-62K.
----------------------------------------------------
(BTCUSDT.P 1D chart)
The key to futures trading is forced liquidation.
Therefore, I think how to close the transaction before being forced liquidated is an important issue.
In order to make a big profit, you need to set the leverage or investment ratio high.
However, you need to make a careful decision because the forced liquidation point is getting closer.
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If you traded as a sell (SHORT) at the 69001.8 point, and the price rises, and the forced liquidation point is formed above the 72153.8 point, I think you can maintain the sell (SHORT) position.
The reason is that the StochRSI indicator has entered the overbought zone and is close to the highest point (100).
In this situation, I think the term used is rising short (increasing the proportion of SHORT positions when the price rises).
The opposite is falling long (increasing the proportion of LONG positions when the price falls).
You need to respond according to your forced liquidation point.
If possible, in futures trading, it is good for your mental health to start trading with one buy (LONG) and sell (SHORT) and cut your loss when the opposite movement occurs.
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Currently, the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, that is, a regular array.
In this case, it is better to trade with a buy (LONG) position.
However, when the StochRSI indicator is in the overbought zone as it is now, it is not the time to start trading with a buy (LONG) position.
-
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 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when 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
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