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Stochastic RSI (STOCH RSI)

Pull back is a pattern that can be recognized after it is formed Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator is showing signs of being created at the 69843.04 point. Accordingly, the point of observation is whether it can receive support and rise near the 69843.04-70148.34 section. We need to check whether the StochRSI indicator falls below 50 due to this decline. When the price is supported in the 68393.48-70148.34 range, if the StochRSI indicator remains below 50 and StochRSI > StochRSI EMA, it is a time to buy. Basically, if the StochRSI indicator is above 50, it is better to focus on finding a time to sell, and if it is below 50, it is better to focus on finding a time to buy. In particular, you should focus more when it is in the overbought and oversold ranges. - The MS-Signal indicator consists of M-Signal and S-Signal. Since S-Signal is currently in the 66668.65-68393.48 range, it is possible to touch this range and rise, so caution is required when trading. Therefore, it is better to check the movement when the state of M-Signal < S-Signal is changed. --------------------------------------------------------- (BTCUSDT.P 1D chart) If it falls below 68447.9, liquidation is required for positions purchased (LONG) below 67044.1. In other words, if the first installment liquidation was performed above 69835.3, the second installment liquidation is required around 68447.9. Then, when it shows support in the 68447.9-69835.3 range and the StochRSI indicator is below 50 and StochRSI > StochRSI EMA, you can make an additional purchase (LONG). It is recommended that this additional purchase (LONG) be made below 69835.3. - 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 -----------------
by readCrypto
1
The point of interest is whether it can create a pull back (Title) The point of interest is whether it can create a pull back pattern -------------------------------------- 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) With this decline, the BW (100) line was created at the 72344.74 point. Therefore, the key is whether it can rise above 72344.74. - The price is passing the StErr Line around 71280.01, and the M-Signal indicator on the 1D chart is passing around 68393.48. Therefore, if it is supported and rises between the M-Signal and StErr Line on the 1D chart, a short-term pullback will form. If not, and it falls below the M-Signal indicator on the 1D chart, it is highly likely that it will show a short-term downtrend. For this reason, as I mentioned yesterday, if it is supported between the M-Signal and 70148.34 on the 1D chart, it is time to buy more. However, in order to buy more like this, a split sale must have been made before. - If not, and you need to buy new, 1. When it is supported around 67414.39-68393.48, 2. When it breaks through 72344.74, there are two methods above. The prerequisite for buying new is that the StochRSI indicator is below 50 and shows an upward trend. If not, and the StochRSI indicator is above 50 or showing a downward trend, it is better not to buy. ---------------------------- (1h chart) The linear regression channel indicator has set the length to 50, so the channel moves over time. The channel is showing a change from an uptrend to a downtrend. - Back to the main story, the point of observation is whether the price can be maintained by rising above the 5EMA of the 1D chart and whether it can rise above the middle line of the channel. If it fails to rise, volatility is expected to occur while touching the M-Signal indicator of the 1D chart. Accordingly, as I mentioned on the 1D chart, we can see that the points 68393.48, 70148.34, and 71280.01 are important support and resistance points. - If you bought below 68393.48, you can see that the area around 68393.48 is the last selling point. - If the StochRSI indicator is above 50, it is better to find a time to sell, and if the StochRSI indicator is below 50, it is better to find a time to buy. However, this is only when you are trying to make a new trade. - I am currently holding a long position. And, since I thought it would create a pull back pattern and rise, I gave you an example of additional buying in the idea yesterday. So, I didn't mention SHORT this time. I think this SHORT position is likely to end sooner than expected. USDC is volatile, so it can show a gap down at any time. However, since USDT is continuously showing a gap uptrend, it can be seen that the coin market is likely to continue its upward trend. And, because BTC dominance is on the rise. The rise in BTC dominance also means that funds are concentrated on BTC. Therefore, when BTC dominance is on the rise, it can be seen that it is more advantageous to trade BTC than altcoins. If USDT dominance falls below 4.97 and is maintained or shows a downward trend, I think the coin market is likely to start an uptrend. In order for this uptrend to lead to an altcoin uptrend, BTC dominance must fall below 55.01 and be maintained or show a downward trend. If not, there is a possibility that it will become a strange uptrend where only BTC rises, so be careful when trading altcoins. - 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 -----------------
by readCrypto
1
For altcoins to follow the rise of BTC, ETH needs to rise Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTC.D 1M chart) In order for altcoins to show an upward trend, BTC dominance must be in a downward trend. Otherwise, altcoins are likely to fail to follow the movement of BTC and gradually move sideways or show a downward trend. You should not judge the market movement solely based on the rise or fall of BTC dominance. At least you should look at it together with the USDT dominance chart. You can tell to some extent whether the coin market price is rising or falling by looking at whether USDT dominance is falling or rising. To summarize the above, - BTC dominance rises: Funds are concentrated toward BTC - BTC dominance falls: Funds are concentrated toward altcoins - USDT dominance rises: Coin market is likely to show a downward trend - USDT dominance falls: Coin market is likely to show an upward trend -------------------------------------------- (ETHUSDT 1D chart) In any case, ETH is the coin with the largest market cap among non-BTC coins. Therefore, it is likely that BTC dominance will show a downward trend only when ETH starts to rise. - Currently, ETH is stuck in the box range (2273.58-2706.15). The M-Signal indicator on the 1M, 1W chart is showing a convergence as it passes near the 2666.70-2706.15 section. Therefore, if the price rises above the 2666.70-2706.15 section and maintains, ETH is expected to form an upward trend. Therefore, whether it can break through the 2666.70-2706.15 section upward is the key. - If the price maintains above 2706.15, it is expected to rise to around 3265.0-3321.30 and determine the trend again. - 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 -----------------
by readCrypto
1
Volatility period starts around November 4th (Title) Volatility period starts around November 4th (example of additional purchase) ----------------------- 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 an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATX indicators. The BW (0) indicator is an indicator that appears when the BW indicator touches the 0 point and rises. Therefore, it indicates the point where the rise begins, that is, the low point section. The BW (100) indicator is an indicator that appears when the BW indicator touches the 100 point and falls. Therefore, it indicates the point where the decline begins, that is, the high point section. ------------------------------------------- (BTCUSDT 1D chart) The BW indicator value touched the 100 point and an arrow was displayed. When a new candle is created, it is necessary to check whether the arrow remains the same. The fact that the BW indicator touched the 100 point means that the upward strength is strong. Therefore, it can be interpreted that there is a high possibility that it will lead to an additional increase. However, when the BW (100) line is created, it can be said that it means that the possibility of a decline has begun to increase. Therefore, it means that the possibility of a pull back or decline has begun to increase. - The point of interest is whether it will show a renewal of the ATH by touching the current highest price of 73777.0 or higher, or whether it will continue to decline. There is a saying that the coin market is a trend-following market. It can be said that this is a market with a strong tendency to follow a trend that has been formed. Therefore, when a new candle is created, it is necessary to check the movement of the StochRSI and StochRSI EMA indicators. Since the StochRSI EMA indicator is currently located in the middle section, it is necessary to check how much it rises when a new candle is created and the change in the slope of the StochRSI indicator. - If it progresses downward, the area around 70148.34 is expected to be an important support and resistance area. The reason is that it is near the upper point of the box of the HA-High indicator on the 1M chart. In addition, the StErr Line is passing through the 70148.34-71280.01 section, confirming that it is an important point. - If you bought below 67414.39, it is recommended to sell and wait for the situation to be confirmed when resistance is confirmed in the 68393.48-69031.99 range. You should have sold in installments around 71280.01 or 73000.0 before that. - If the average purchase price is below 67414.39 and you sold in installments around 71280.01 or 73000.0, you can buy more when a pull back is confirmed. However, the additional purchase should not exceed the current holding amount. If you buy more than the holding amount, the average price will rise significantly and you may not be able to hold on or it may turn into a loss. Therefore, when the support is confirmed in the 68393.48-70148.34 section, additional purchases can be made below 70148.34. This additional purchase is possible because the split sale was made. - The next volatility period is expected to start around November 4th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The full-scale uptrend is expected to start after rising by more than 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
Additional indicator to be used after the ATH update(StErr Line) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) Since it has not risen above 73777.0, it has not yet updated the ATH. ---------------------------------------- (BTCUSDT 1D chart) If the price maintains above 71280.01, it is expected that there will be an attempt to update the ATH again. From the current price position, it seems that it will have to fall below 67414.39-68393.48 to turn into a short-term downtrend. However, if it falls below 70148.34, I think it is necessary to take preemptive action to split it. - When the ATH is renewed, it is like being in an unknown world, so it is difficult to predict with chart analysis. Therefore, in order to know the movement after the ATH is renewed, you have no choice but to use various indicators or chart tools to predict. For this, the Linear Regression Channel that I mentioned earlier was explained. Today, I will explain the StErr Line indicator, which is newly added to the HA-MS indicator. The StErr Line indicator (Standard Error Line) is the baseline of the indicator that forms a band using the Linear Regression formula. If the price is above the StErr Line indicator, it is likely to continue the upward trend, and if the price is below, it is likely to continue the downward trend. You can use the StErr Line indicator together with the BW (0) and BW (100) indicators to determine the trading point. The BW (0) and BW (100) indicators are generated when the BW indicator in the auxiliary indicator touches and breaks away from the 0 or 100 point. Therefore, it allows you to identify the low or high point range. The Linear Regression Channel or StErr Line indicator is a tool for chart analysis, but if you use it with support and resistance points, you can use it to create a trading strategy. - Have a good time. Thank you. -------------------------------------------------- - The 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
1
The key is whether there is support near 0.15330 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (DOGEUSDT.P 1W chart) If the price has risen sharply but you have not been able to start trading, it is recommended to check what kind of movement is shown near the support and resistance points and then start trading. Accordingly, it is recommended to check whether there is support near 0.15330. - (1D chart) If it continues to rise like this, it is expected that the StochRSI indicator will rise to around 50 when it rises to the 0.16625-0.18218 range. Accordingly, there is a high possibility of volatility, so I think you can start trading depending on which direction it deviates from the 0.16625-0.18218 range. Since it rose above the upper part of the parallel channel, it is likely to show a tendency to return to the channel over time, so I think it would be good to check for support around 0.15330 and decide whether to start trading. - (1h chart) 1st: Touch the Standard Error line and see what movement it will show, 2nd: Touch around 0.15330 and rise along the channel, 3rd: Touch the 5EMA of the 1D chart and see what movement it will show, I think it's not too late to start trading after checking what it looks like in the 1st-3rd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale 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 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
2
If you see support near 2706.15, it's time to buy Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1M chart) I think it needs to rise above 2706.15 to start an uptrend. Therefore, when it shows support near 2706.15, it's time to buy. If it falls below 2281.87, you need to be careful because you don't know how far it will fall. - (1W chart) The point to watch is which direction it deviates from the 2281.87-2706.15 section. If it falls below 2118.67-2281.87, it is likely to meet the HA-Low indicator. The HA-Low indicator is currently formed at 1340.12, but it is likely to be newly created as the price falls, so you should check the movement of the HA-Low indicator. If it rises above 2706.15 and maintains the price, it is likely to turn into an uptrend. Therefore, if the rise starts, you should check for support near 3265.0-3321.30 or 3438.16-3644.71. - (1D chart) The reason why it needs to rise above 2706.15 is because the M-Signal indicator is currently in a reverse array and the M-Signal indicator on the 1M chart is passing around 2666.70. In order to show a continuous upward trend, the price needs to be maintained above the M-Signal indicator on the 1M chart at least. Accordingly, the key is whether it can be supported around 2555.69, where the M-Signal indicator on the 1D chart is passing, and rise above 2706.15. If it fails to rise, it needs to check whether there is support around 2359.35. - The HA-High indicator on the 1D chart is formed at 3787.59. As the price rises, it would be nice if the HA-High indicator on the 1D chart is newly generated, but if not, it is expected that a full-scale uptrend (stepwise uptrend) will begin only when it rises above 3787.59. Accordingly, the point to watch is whether the HA-High indicator on the 1D chart falls and is generated. - 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
Whether to challenge the ATH is the point of interest 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 is showing an upward breakout of the 1st section. Accordingly, the key is whether the price can be maintained above the 68393.48-69031.99 section and rise to around 71280.01. If it shows a sharp rise, it is expected to touch around 73000.0. If it rises above 70148.34, the StochRSI indicator is expected to rise to around 50, so you should be careful about volatility. --------------------------------------- (BTCUSDT.P 1h chart) When viewed with the Linear Regression Channel indicator that automatically draws parallel channels, it shows an upward breakout of the upper part of the channel. Accordingly, when entering the channel, we need to check at what point support and resistance will be shown. Currently, it is expected to check whether support is found by touching the 69020.1-69332.4 section or the 70168.8-70320.3 section. The 5EMA of the 1D chart is rising to around 68447.9. The next volatility is likely to occur when touching the 5EMA of the 1D chart. If it touches the 70168.8-70320.3 section and falls, the 68447.9 point is expected to be the liquidation point. - 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
Important volume profile section: 5.163 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTC.D 1M chart) I think that in order for the altcoin bull market to start, BTC dominance must fall below 55.01 and be maintained or continue to fall. If BTC dominance rises above 62.47, I think that altcoins are likely to show a sharp decline or plunge. Accordingly, I think that now is not the time to trade altcoins. To trade altcoins, you need to respond quickly and briefly. ---------------------------------------- (RUNEUSDT.P 1M chart) Since a volume profile section has been formed around 5.163, the point to watch is whether it can receive support and rise around 5.163. - (1W chart) In the 4.404-5163 section, the M-Signal of the 1W chart > the M-Signal of the 1M chart, showing signs of transitioning to a regular array. Accordingly, whether there is support around 4.404-5.163 is an important issue. - Based on the current price position, since the HA-High indicator of the 1W chart is formed at the 7.683 point, I think that it is highly likely that a full-fledged uptrend (stepwise uptrend) will begin if the price rises above 7.683 and maintains its level. - (1D chart) The point of interest is whether it can receive support near 5.421 and rise above 6.605. If it falls below the 5.050-5.218 range, you should check for support near 4.404. - Since the StochRSi indicator is located near the 50 point, there is a high possibility of volatility. Therefore, you should check for support and decide when to trade. - 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 -----------------
by readCrypto
The key is whether it can rise above the 1st section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) When a new candle is created, you should check whether there is support near 68393.48. And you should also check what movement the StochRSI indicator will show. From the current position, the important support and resistance sections are - 68393.48-71280.01 - 65602.01-65920.0 - 61099.25 The three sections above. If the price is maintained above the HA-HIgh indicator, a full-scale uptrend (stepwise uptrend) is likely to begin. However, it is important how the BW (100) indicator section, 68393.48-71280.01 section, is broken upward. - (1D chart) Therefore, the key is whether the price can be maintained by breaking upward through the first section, 68393.48-69031.99 section. If not, you should check for support near 65920.71-67414.39. Since the HA-High indicator on the 1D chart is formed at the 67414.39 point, the point to watch is whether it can receive support near 67414.39 and rise. - The StochRSI indicator is showing signs of turning upward. However, it has not yet risen from the overbought zone, and StochRSI < StochRSI EMA. Therefore, when a new candle is created, you should check how the StochRSI indicator appears. When the StochRSI indicator falls below 50, the decline is interpreted as a strong decline, but eventually you will find the time to buy. Therefore, when the StochRSI indicator is below 50, it is recommended to create a trading strategy from a buy (LONG) perspective. If you trade from a sell (SHORT) perspective, you need to respond quickly and briefly. The StochRSI indicator is not an all-purpose indicator, but it allows you to know the timing of response and the intensity of the wave to some extent. Therefore, if you use the StochRSI indicator, you will have less conflict about whether to go up or down right now. In addition, since you are more likely to trade in the direction of the trend, you will be able to reduce the number of times you cut your loss. - Due to the changes in the chart, the next volatility period is likely to start around November 4th. So, let's check the overall flow when the new month starts. --------------------------------------------------- If you use the Linear Regression Channel indicator in TradingView indicators, it will automatically draw a parallel channel according to the current price position. You can set the indicator settings to suit you. However, the recommended settings are 50 (Length), ohlc4 (Source). I think that chart tools such as trend lines, channels, and Fibonacci are tools for chart analysis. Therefore, I do not recommend using chart tools to create trading strategies. In order to create a trading strategy, you must have support and resistance points drawn on the 1M, 1W, and 1D charts. If you have drawn support and resistance points, you can create a trading strategy by checking whether there is support at the support and resistance points by referring to the analysis with the chart tool. - 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 after forming a short-term bottom Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (AVAXUSDT.P 1D chart) An arrow appears for the BW (0) indicator. Accordingly, it can be interpreted that the possibility of forming a bottom section has increased. Looking at the previous past movements, we can see that there is a possibility of an additional downtrend. Therefore, the key point is whether there is support around 19.527-21.409. When the BW (0) line is formed, the point to watch is whether it can receive support around that area and rise above 27287-29.277. If you look at the big picture, you can see how important the current section is. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to 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 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
Box range: 2281.87-2706.15 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) Unlike BTC, it looks so weak. One of the reasons is that it has fallen below the long-term moving average, that is, the M-Signal indicator on the 1M chart. In other words, I think that the uptrend is likely to start only when the price is maintained above the M-Signal indicator on the 1M chart. To do that, the price needs to rise above 2629.79-2706.15 and maintain it. If not, 1st: 2281.87-2359.35 2nd: 2118.67 We need to check whether there is support near the 1st and 2nd above. It seems that it is forming a box section at first glance, so the point to watch is which direction it deviates from this box section. - 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 -----------------
by readCrypto
Second section is an attractive buy section (confirm support) 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 seems to have met resistance in the 68393.48-69031.99 section and fallen below 67414.39. Accordingly, we need to check for support near 67414.39. If it meets resistance at 67414.39 and falls, we need to check for support near 65602.01-65920.71. - BW (50) is showing signs of being newly created at 66668.65. Accordingly, the key is whether BW (50) can be supported near the newly created point and rise above 67414.39. - Since the StochRSI indicator has currently entered the oversold zone, the decline is strong. Therefore, if it fails to maintain the price by rising above 67414.39, it is likely that an additional decline will occur and it is recommended to consider a countermeasure. When the StochRSI indicator rises above the oversold zone and maintains the state of StochRSI > StochRSI EMA, the upward trend is likely to begin. Therefore, the 2nd zone (65920.71-67414.39) is an important support and resistance zone. In addition, since the M-Signal indicator on the 1D chart is passing the 65920.71-67414.39 zone, it is even more important. - Checking for support is a difficult and tedious task. Therefore, it is also good to refer to the location of the StochRSI indicator or BW indicator to help confirm the direction when checking whether there is support. I think that you can create a much better response plan than drawing a trend line and checking whether it goes up or breaks away from it. Trend lines are used for chart analysis, but they are not very helpful in conducting actual trading. The reason is that they are made of diagonal lines. Therefore, I think that it is good to use trend lines in combination with support and resistance points drawn on 1M, 1W, and 1D charts to confirm the period of volatility. Since a pattern is meaningful when it is completed, you should not try to think in terms of fitting it into a pattern. - After all, the purpose of everything displayed on a chart should be to conduct trading. Therefore, you should check what kind of movement is shown at the support and resistance points drawn on the chart and trade accordingly to make a profit. Since the StochRSI indicator has currently fallen below 50, we should look at the chart with the purpose of finding a time to buy. For that purpose, the 2nd section (65920.71-67414.39) is an attractive buying section. If it falls in the 2nd section, the next buying section is likely to be 61099.25-62791.03. The reason for this is that the M-Signal indicator on the 1W chart is passing around 62791.03. - Therefore, we should know how to wait when we wait, and when it is time to start trading, we should start trading boldly. I think it is time to wait because it is still confirming support and resistance. - 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 -----------------
by readCrypto
Support Zone: 168.46-171.63 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (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 -----------------
by readCrypto
Support and Resistance Zone: 68393.48-69031.99 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) 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 -----------------
by readCrypto
Importance of the 20212.7-20357.0 section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- 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. --------------------------------------------------
OANDA:NAS100USD
by readCrypto
The beginning of trading begins with waitingHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (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 -----------------
by readCrypto
The role of the StochRSI indicator Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- 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 -----------------
by readCrypto
Need to check support and resistance zones 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) 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 -----------------
by readCrypto
Example of creating a trading strategy chart Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- 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. --------------------------------------------------
Education
by readCrypto
4
The importance of explanation of the basis (Title) The important thing in chart analysis is the explanation of the basis. Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- 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. - 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. - (1W chart) If you look at the 1W chart, you can see a clearer movement than the 1D chart. ------------------------------------------ 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. - 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. - 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 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
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. ------------------------------------- (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. - 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. - (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. - 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. - 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. - (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. - 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. - 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 -----------------
by readCrypto
The start of a new wave: 2630.0-2772.42 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The support and resistance points are likely to have changed due to changes in the indicator formula. Please note this. ------------------------------------------ Fibonacci-related chart tools are used for chart analysis. Therefore, you should be aware that the support and resistance points drawn using the arrangement of candles on the 1M, 1W, and 1D charts are different. - (ETHUSDT 12M chart) ETH is one of the coins expected to show a larger increase than BTC. Therefore, I think it is a coin that is worth investing in long term along with BTC. The most important volume profile section on the 12M chart is 736.42. - (1M chart) The HA-High indicator on the 1M chart is formed at 3321.30. Therefore, in order for a full-fledged uptrend to begin, the price must be maintained above the HA-High indicator on the 1M chart. The current point of interest is whether it can be supported and rise near the MS-Signal indicator. If the MS-Signal indicator falls, 1st: 2159.0 2nd: 1.585.33 We need to check whether there is support near the 1st and 2nd above. - (1W chart) Since there are many lines, it can be dizzying, so I marked important support and resistance zones with circles. Therefore, you can create chart analysis or trading strategies centered on the zones marked with circles. The current 2630.0-2772.42 zone is supported, and the key is whether it can rise above 3014.05. - (1D chart) I think you can see if the current zone, that is, the 2630.0-2772.42 zone, is an important support and resistance zone. Therefore, the key is whether it can rise above the current zone. However, since the current StochRSI indicator is located near the highest point (100) of the overbought zone, the pressure for a decline will increase over time. Therefore, the point to watch is how the StochRSI indicator is initialized. In other words, when the StochRSI indicator falls from the overbought zone to the oversold zone or rises from the oversold zone to the overbought zone, it is called initialization. If the price is maintained around 2630.0-2772.42 when initialization is performed like this, it is expected to create a new rising wave. To do so, it is possible that it will rise to around 3014.04 and then fall, or fall below 2630.0-2772.42 and then rise again. Of course, it can move sideways like this. In any case, the price position is an important key point when the StochRSI indicator is initialized. - Since the M-Signal indicator of the 1W, 1M chart is passing through the 2630.0-2772.42 section, it is expected that a new rising wave will be created if the M-Signal indicator of the 1D chart rises above the 2630.0-2772.42 section. Therefore, I think it is highly likely that it will be the last buying section before the new wave starts. - 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 -----------------
by readCrypto
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