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Supportandresistence

10 Brutal Truths About Why Retail Support & Resistance Fail !CAPITALCOM:GOLD 10 Reasons Why Retail Support and Resistance Levels Fail: Unlocking Gann’s Secrets to Market Mastery Here’s a deeply researched, professional explanation for each point, infused with Gann’s quotes, examples, and concepts, to open the eyes of traders to why retail methods often fail and how Gann's wisdom provides clarity. 1. Static Levels in a Dynamic Market - Explanation: Retail traders often draw support and resistance (S/R) lines as static horizontal levels, expecting the market to repeatedly respect them. However, Gann emphasized the dynamic nature of markets, stating: "Markets are never still; they are always moving, reflecting time and price interplay." Markets are influenced by cycles, trends, and time frames, making S/R levels fluid rather than fixed. For instance, Gann’s Square of Nine shows how support and resistance rotate based on angles and time increments, offering precise levels that adapt dynamically. Retail traders fail to adjust their levels as time progresses, missing key changes in price behavior. 2. Failure to Incorporate Time - Explanation: Retail S/R methods typically ignore the role of time, which is a critical element in Gann's work. Gann wrote: "Time is the most important factor in determining market movements." Support may fail not because the level was invalid but because the "time factor" for that level has expired. For example, in Gann’s Time Cycles, support at a certain price might hold only for a specific duration. When that time passes, the level loses its relevance. Retail traders, unaware of such timing principles, are often blindsided when the market breaks their "strong" levels. 3. Lack of Confluence with Angles - Explanation: Gann’s methodologies prioritize the confluence of price and angle relationships. He believed that price moves in harmony with geometric angles, stating: "When price meets time at an angle, a change is imminent." Retail traders fail to consider these angular relationships, focusing only on flat horizontal lines. For example, a 45° angle from a significant low often acts as a true support, but retail traders, relying solely on previous price zones, miss these powerful turning points. 4. Overcrowding and Psychological Herding - Explanation: S/R levels widely used by retail traders often attract a large number of orders at the same price zone, making them predictable and vulnerable to institutional manipulation. Gann noted: "The crowd is often wrong, and the minority drives the market." Institutions exploit this herding by triggering stop-losses just below support or above resistance, creating false breakouts. For instance, Gann’s "Law of Vibration" explains how markets seek equilibrium by disrupting imbalances created by crowd psychology. 5. Ignoring Volume Analysis Explanation: Retail traders rarely integrate volume into their S/R analysis. Gann emphasized the importance of volume, stating: "Price movements must be confirmed by volume to validate strength." Support may appear to hold, but without accompanying volume, the level lacks significance. A practical Gann-based example would involve observing increased volume near a critical angle or price zone, signaling genuine strength or weakness at that level. 6. Using Recent Highs/Lows Without Context - Explanation: Many retail traders base S/R levels on recent highs and lows, assuming these are universally strong zones. Gann criticized such oversimplified approaches, writing: "The past governs the future, but only through proper analysis of cycles and patterns." Without analyzing historical patterns and cycles, these levels are often superficial. For example, Gann's Master Charts reveal that true resistance may lie at a harmonic distance from an earlier historical pivot, not necessarily at the recent high. 7. Misunderstanding False Breakouts - Explanation: Retail traders often misinterpret false breakouts as failures of support or resistance. Gann explained this phenomenon through his price and time squares, stating: "A breakout without harmony is often a trap, designed to mislead the majority." For instance, a false breakout above resistance might align with a Gann angle signaling a reversal, confusing those relying solely on retail S/R levels. 8. Ignoring Market Structure and Trend - Explanation: Retail traders often focus on S/R levels without understanding the broader market structure or trend. Gann believed: "The trend is your friend until time signals the end." Support is more likely to hold in an uptrend, while resistance is stronger in a downtrend. A classic Gann principle involves combining market structure with angular analysis to determine whether S/R levels will hold or break. 9. Failure to Account for Gann's Price Harmonies - Explanation: Gann’s studies reveal that price moves in harmonic relationships, often tied to Fibonacci ratios and geometric principles. Retail traders using arbitrary S/R levels fail to respect these harmonies. For example, Gann's observation of price doubling or halving (e.g., $50 to $100) often defines true support or resistance. 10. Reliance on One-Timeframe Analysis - Explanation: Retail traders frequently analyze S/R on a single timeframe, missing the interplay between multiple timeframes. Gann emphasized multi-timeframe alignment, writing: "The major trend governs the minor trend, and the minor trend refines the major." Support on an hourly chart may fail if it conflicts with resistance on a daily chart. Gann’s multi-timeframe methods ensure alignment, reducing the likelihood of failure. Updated Closing Thought- By understanding the reasons why retail support and resistance often fail and incorporating Gann’s time-tested principles, traders can elevate their skills to a professional level. Gann's focus on time, price, and geometry provides a roadmap to understanding the market with unparalleled precision. This content is invaluable for anyone seeking trading mastery, so don't keep it to yourself! Save this and share it with your friends so they can benefit too. Follow for more absolutely valuable and free trading insights!
CAPITALCOM:GOLDEducation
by GannAstroTrader
1
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
1
Why Support and Resistance Points Are Important Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (APEUSDT.P 1M chart) Usually, the arrangement of candles is used to indicate support and resistance points. Basically, indicators are used to indicate support and resistance points. However, I feel like support and resistance points are needed in the 1.9101-6.7780 range. So, there is a possibility that support and resistance points are drawn near where the fingers are pointing. The price is currently under 1.9101, so let's check it out on another time frame chart. In any case, the point to watch is whether it can rise after receiving support in the 1.3270-1.9101 section. - (1W chart) When drawing support and resistance points using indicators, it is best to draw indicators that are currently marked with candles. This is because it means that the current point is acting as support and resistance. Other than that, you can mark indicators that are thought to have a longer horizontal line than other horizontal lines. If you check the chart above, I think you'll understand what I mean. Since the important support and resistance points are indicators that are currently marked with candles, you can create a trading strategy targeting the corresponding horizontal lines. The sections marked as Support and Resistance on the chart correspond to those. You can think of the remaining lines as lines that can be used for detailed strategies that allow you to conduct split transactions when conducting transactions. In that sense, the 1.4870 point can be used for detailed trading strategies, that is, response strategies. Accordingly, you can proceed with buying or selling. - (1D chart) The support and resistance points to be used for detailed trading strategies are indicated in the 1.320-1.9101 section. That is, the points 1.3929 and 1.6755 are applicable. These two points correspond to the HA-Low and HA-High indicator points. ------------------------------------------------- If you have indicated support and resistance points on the 1M, 1W, and 1D charts as above, you can mark them according to the importance of the support and resistance points and create chart analysis or trading strategies for them. Important support and resistance points are 1st: 0.5841-0.7505 2nd: 1.0670 3rd: 1.3270 4th: 1.9101-2.1090 You can use the points or sections above to create chart analysis or trading strategies. When marking support and resistance points, do not draw them while thinking about chart analysis or trading strategies. The reason is that if you do so, you will likely mark support and resistance points while reflecting your subjective thoughts and psychology. Therefore, when marking support and resistance points, it is important to focus only on the arrangement of candles without thinking about anything else. - 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 touch 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 conditions for Chase the Rally Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (SUIUSDT.P 1D chart) It is necessary to check whether it can fall from the 2.2492 point and rise with support near the HA-High indicator (2.0299) on the 1D chart. Since the StochRSI indicator has entered the oversold zone, it is showing a strong downward trend. Therefore, it is highly likely that it will continue to fall further, so caution is required when trading. If it falls below 2.0299, 1st: 1.8735-1.9073 2nd: 1.6124 You need to check whether there is support near the 1st and 2nd above. Therefore, from a short-term and medium-term perspective, if the price is maintained above 1.6124, it is a time for additional purchase. In other words, I think it is a time when Chase the Rally is possible. At this time, if the Mid (50) line or HA-Low indicator is created and shows support, it will give you strength to proceed with additional purchase. - The important thing to proceed with Chase the Rally is that the long-term moving average line is in a regular array. If not, it should be considered as a purchase, not Chase the Rally. In this chart, the M-Signal line of the 1W and 1M charts corresponds to the medium- to long-term moving average line. -------------------------------------------- (1h Chart) If you touch the 5EMA of the 1D chart or the M-Signal of the 1D, 1W, 1D chart, there is a high possibility of volatility. Therefore, you can start trading depending on whether there is support around here. However, since the 5EMA of the 1D chart or the M-Signal of the 1D, 1W, 1D chart is for viewing trends, you should draw support and resistance points on the 1M, 1W, 1D charts and check whether there is support around those points and respond. Since the current chart is a 1h chart, if there are no support and resistance points drawn on the 1M, 1W, 1D charts, you can start trading with the support and resistance points of the 1h chart. However, a short and quick response is required. - The StochRSI indicator is showing signs of forming a double top. Therefore, if it falls below 2.088-2.0238, it is likely to touch around 1.8735-1.9073. If the StochRSI indicator is reset while falling to the oversold zone, and the price maintains around the M-Signal line on the 1D chart, I think it is highly likely to turn upward. - Reflecting this movement, it is expected that the trend will be formed depending on which direction it deviates from the box range (1.9752-2.0761) of the HA-Low indicator. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin 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 Coin Market is Different from the Stock Market Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The coin market discloses a lot of information compared to the stock market. Among them, it discloses the flow of funds. Most of the funds in the coin market are flowing in through USDT, and it can be said that it currently manages the largest amount of funds. Therefore, unlike the stock market, individual investors can also roughly know the flow of funds. Therefore, you can see that it is more transparent than other investment markets. - USDT continues to update its ATH. You can see that funds are continuously flowing into the coin market through USDT. USDC has been falling since July 22 and has not yet recovered. The important support and resistance level of USDC is 26.525B. Therefore, if it is maintained above 26.525B, I think there is a high possibility that funds will flow in. If you look at the fund size of USDT and USDC, you can see that USDT is more than twice as high. Therefore, it can be said that USDT is the fund that has a big influence on the coin market. USDC is likely to be composed of US funds. Therefore, if more funds flow in through USDC, I think the coin market is likely to develop into a clearer investment market. But it is not all good. This is because the more the coin market develops into a clearer investment market, the more likely it is to be affected by the existing investment market, that is, the watch market. This is because large investment companies are working to link the coin market with the coin market in order to make the coin market an investment product that they can operate. In order for the coin market to be swayed by the coin-related investment product launched in the stock market, more funds must flow into the coin market through USDC. Otherwise, it is highly likely that it will eventually be swayed by the flow of USDT funds. Therefore, USDC is likely to have a short-term influence on the coin market at present. - As mentioned above, the most important thing in the investment market is the flow of funds. The flow of funds in the coin market can be seen as maintaining an upward trend. Therefore, there are more and more people who say that there are signs of a major bear market these days, but their position seems to be judging the situation from a global perspective and political perspective. As mentioned above, the funds that still dominate the coin market are USDT funds, which are an unspecified number of funds. Therefore, I think that the coin market should not be predicted based on global perspectives and political situations. The start of the major bear market in the coin market is when USDT starts to show a gap downtrend. Until then, I dare say that the coin market is likely to maintain its current uptrend. ------------------------------------ (BTCUSDT 1D chart) The StochRSI indicator is approaching its highest point (100), and the uptrend is reaching its peak. Accordingly, the pressure to decline will increase over time. - (1W chart) The StochRSI indicator is also in the overbought zone on the 1W chart. - (1M chart) On the 1M chart, the StochRSI indicator is showing signs of entering the overbought zone, but it is not expected to enter the oversold zone due to the current rise. The movement of the 1M chart should be checked again when a new candle is created. - You can see that the StochRSI indicator on the 1M chart is the most unusual among the three charts above. In the finger area on the 1M chart, the StochRSI indicator was in the overbought zone, but it is currently showing signs of entering the oversold zone. Therefore, you can see that the current movement is different from the past movement. Therefore, I think it is not right to predict the current flow by substituting past dates. ------------------------------------------ I wrote down my thoughts on the recent comments from famous people who say that the coin market will enter a major bear market along with the stock market. - 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 -----------------
CRYPTOCAP:USDTEducation
by readCrypto
No matter what you do, the basic chart is the 1D chart Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- In order to analyze the chart, you will use various chart tools. However, if there are no support and resistance points drawn on the 1M, 1W, and 1D charts, you will find that it is difficult to conduct actual trading. In order to explain how the trend changes when there is a certain movement at the support and resistance points shown on the chart, I provided a basis by using chart tools. However, if you trust the support and resistance points drawn on the chart, you do not need to use various chart tools separately to find such basis. -------------------------------------- The 64748.70-65920.71 section is formed by the HA-High indicator of the 1D, 1W charts. Therefore, if it is supported and rises in this section, it is highly likely to show a stepwise uptrend. If it falls in the 64748.70-65920.71 section, it is highly likely to touch the HA-Low indicator. - BW (100) point of the 1W chart: 68393.48 BW (100) point of the 1M chart: 71280.01 BW (100) point of the 1D chart: 73072.41 BW (100) lines are formed at the above points. The formation of the BW (100) line means that the MACD, DMI, and OBV indicators are showing strength. Therefore, just like the HA-High indicator, the BW (100) point can be said to have shown a high point range. Therefore, if it rises above the BW (100) point, it can be seen that there is a high possibility of a strong upward trend. - In this sense, we can see that the current high point range is the 61099.25-73072.41 range. Since the HA-High indicator or the BW (100) point moves and is created by volatility over time, we should carefully observe when there is a change in the high point range. This is because at that time, there is a high possibility of creating a new wave. - The lines that make up the MS-Signal indicator are M-Signal and S-Signal. Of these two lines, the important line is M-Signal. Therefore, the M-Signal lines on the 1M, 1W, and 1D charts serve to indicate trends. It was created so that you can see the overall trend on any time frame chart. Therefore, the current indicator (HA-MS) can be said to be an indicator that expresses everything. - You can mark the HA-Low, HA-High, BW (0), BW (100), and Mid (50) points on the 1M, 1W, and 1D charts and use them as support and resistance points on the time frame charts you mainly trade. As I mentioned earlier, you can check the arrangement of the M-Signal lines on the MS-Signal indicator and create a trading strategy that matches the trend. It is recommended to start trading when the price is maintained above the M-Signal line on the 1M chart at least. If possible, it is better to start trading when the price is maintained above the M-Signal of the 1W chart when the M-Signal of the 1W chart > the M-Signal of the 1M chart. (ETHUSDT 1D chart) Therefore, ETH is currently not a good state to trade. - The StochRSI indicator seems to be showing a downward trend. However, it has not yet fallen from the overbought zone or has not yet turned into a state where StochRSI < StochRSI EMA, so it should be interpreted that the current upward strength is strong. Therefore, caution is required when trading because there is a possibility of further increase. In any case, the 64748.70-65920.71 range is formed at the current price position, so the key is whether it can be supported and rise near this range. - 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: 68447.9 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) BTC dominance is rising above 58. The point to watch is whether it can face resistance in the 55.01-62.47 range and fall. If it rises above 62.47, a strange market where only BTC rises may be formed. Most altcoins are expected to gradually move sideways or show a downward trend. --------------------------------------- (USDT.D 1M chart) A decline in USDT dominance is likely to lead to a rise in the coin market. However, as I mentioned in the explanation of BTC dominance, I think that most coins in the coin market will show an upward trend only when BTC dominance also declines along with USDT dominance. If USDT dominance falls below 4.97, the coin market is expected to enter a bull market. The point of interest is whether a market where only BTC rises or a bull market where altcoins also rise will be created. ------------------------------------------ (BTCUSDT.P 1D chart) - The 68447.9 point is the BW (100) point of the 1W chart, - The 71363.0 point is the BW (100) point of the 1M chart, - The 73127.6 point is the BW (100) point of the 1D chart. Therefore, we should consider the above points as forming support and resistance points. If the price rises above the downtrend line (2) and maintains, it is expected to create a new wave. Therefore, whether there is support near 68447.9 is an important key point. - The StochRSI indicator is approaching the highest point (100) and the slope is becoming gentle. Accordingly, the pressure for a downtrend will increase over time. In order to overcome this downward pressure and create a new upward wave, it is expected that it will be possible to show a sideways movement in the 68447.9-71363.0 range. Therefore, the point of interest is how the StochRSI indicator performs the initialization process. (The initialization process of the StochRSI indicator refers to moving from the overbought range to the oversold range, and also from the oversold range to the overbought range.) - (1h chart) The BW (100) point is formed at the 67800.5 point and is showing a downward trend. The Mid (50) point is formed at the 67064.5 point. Therefore, we need to check whether there is support near 67064.5-67349.7. If it falls below 67064.5, it is likely to touch 5EMA on the 1D chart or around 65568.1-65922.3. If it touches 5EMA on the 1D chart and M-Signal indicators on the 1D, 1W, and 1M charts, it is highly likely to cause volatility. Therefore, caution is required when trading as there is a possibility of creating a new wave. - The StochRSI indicator is showing signs of entering the oversold zone. Accordingly, when it rises after entering the oversold zone, it is necessary to check at what point it is receiving support and resistance. In that sense, whether there is support around 67064.5-67349.7 is important. - If the StochRSI indicator enters the oversold zone while the BW indicator does not fall below the midpoint (50), it is likely to show a decline such as a pullback or price adjustment and rise again, so it is good to note. The most ambiguous part in interpreting the BW indicator is when it is at the midpoint (50). Therefore, when the BW indicator is at the midpoint (50), it is better to think about a response plan for the coin you are currently trading rather than conducting a new transaction. ------------------------------------ I placed a reservation order to liquidate a buy (LONG) position at the 68447.9 point, but it was not executed. I think this is a part where you can see that the downtrend line (2) is an important trend line. If you do not break through the trend line (2) strongly, it is expected that the breakout will fail. - 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: 64748.70-65920.71 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 M-Signal indicator on the 1D, 1W chart is formed in the 64748.70-65920.71 zone. Therefore, if the price is maintained above this zone, there is a high possibility that a stepwise uptrend will begin. Therefore, the point to watch is whether it rises along the trend line (1) and maintains the price above 68393.48 after around November 4th. If it rises above that, you should check for support near 71280.01. - The StochRSI indicator has currently entered the overbought zone. The rise to the overbought zone means that the upward trend is strong. Therefore, you should be careful when trading because there is a possibility that the upward trend will continue until it falls from the overbought zone. However, if the slope of the StochRSI indicator becomes gentle, the possibility of a downward turn increases, so you should think about a response plan for the decline. When this movement is shown, you should check if there are support and resistance points drawn on the 1M, 1W, and 1D charts, and if so, whether they are supported or resisted at those points. If you do not have support and resistance points drawn by yourself, there is no need to draw additional support and resistance points and create a response strategy. The reason is that additional support and resistance points or various chart tools drawn after the start of trading are likely to reflect your own psychological state. Then, there is a high possibility that it will be drawn according to the price volatility, so there is a high possibility that you will conduct the transaction incorrectly. It is important to start trading right now and make a profit, but I think it is most important to conduct the transaction according to the trading strategy that you originally planned. - If your psychological state has become unstable due to the price volatility, you need to make an effort to make your psychological state as stable as possible by selling in installments. If you do not, and continue to maintain an unstable state, you may end up suffering a large loss at one time, so you need to be careful. - How the StochRSI indicator is initialized, that is, whether it touches the oversold zone, is a point of observation to check the movement of the StochRSI indicator. Since the BW indicator fell from the highest point (100) on March 13, it has not touched the highest point (100) yet. This can be considered evidence that the upward strength is not strong. This time, the BW indicator will touch the highest point (100), so it is a point to watch whether the trend will change. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real 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
Chart with trend(MACD), momentum(DMI), and market strength(OBV) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- BW+ indicator is an indicator that comprehensively evaluates MACD, DMI, and OBV indicators. Therefore, knowledge of MACD, DMI, and OBV indicators is required. I added the existing HA-Low and HA-High indicators to express the section to start trading more clearly. - The indicators have changed and been supplemented a lot over the past 6 years of using TradingView. It was not easy to express my trading method as an indicator. Because of this, I think there are people who unintentionally interpret my writing differently from what I think. So, to narrow this gap, I am explaining the indicators used in my article. Since these indicators are automatically generated by a formula, no one can change them. Therefore, I think anyone can look at the chart and interpret it from the same perspective. However, there may be differences in interpretation depending on one's investment style or average purchase price. However, since everyone talks about the same point, there will be no confusion. - When talking to each other in the community, if you talk with the chart tool you drew, you may talk differently and there may be room for misunderstanding. So, I think the conversation often goes in a strange direction because the conversation ends up talking about whether it is LONG or SHORT right now. I think that charts drawn with chart tools are not very meaningful because they only show a part of the person's thoughts through chart analysis. This is because they do not tell you the selection point using the chart tool, so interpretation or understanding is lacking. Therefore, you cannot apply such content to your own chart. So, since it can't be used as a trading strategy, I can't help but just say, "Oh, that could be possible." However, if there is a chart that everyone can see and no one can change, I think it would be easier to talk and reflect each other's thoughts on my trading strategy. I think that because of that, I can find out what I lacked and supplement it. Not everyone sees the same thing and thinks the same, but if the basic point of the thought is the same, I think it can help me make other people's thoughts my own. - Anyway, I hope that this chart change will help you create a clearer analysis or trading strategy. - The MACD indicator added to the chart is an indicator with a modified formula from the existing MACD indicator, but the interpretation method is the same. That is, - If MACD > Signal, it is interpreted as an upward trend, - If MACD < Signal, it is interpreted as a downward trend. - The DMI indicator added to the chart simplifies the interpretation of the existing D+, D- indicators by expressing them as lines on the ADX line. That is, - The section expressed in Aqua color means a downward section, - The section expressed in Orange means an upward section. - When ADX is above 25, it means that the strength of the upward or downward movement is strong, - When it is below 25, it means that there is a high possibility of forming a box section or sideways section. - The OBV indicator added to the chart means an upward trend when each line is broken upward, and a downward trend when it is broken downward. - The indicator that expresses the contents explained above is the BW v1.0 indicator. In order to see this more intuitively, the BW (100), BW (0), and Mid (50) indicators were added so that they can be expressed in the price candle section. In addition, there are also High (80 Down), Low (20 Up) indicators. - It is never easy to interpret each indicator and evaluate it comprehensively. It is especially difficult when trading in real time. - When interpreting the BW v1.0 indicator, it is basically divided into rising and falling based on the 50 point. Therefore, passing the 50 point increases the possibility of a significant change in the trend. Therefore, it seems that trading can be done based on whether there is support near the Mid (50) line generated when the BW indicator passes the 50 point, but this is not the case. The reason is that volatility is likely to occur when a change in trend occurs. When volatility occurs, your trading point will go up and down, so psychological pressure will increase and you may proceed with an inappropriate trade. Therefore, a good point to start trading is the BW (0), BW (100) or HA-Low, HA-High point. Since these indicators are generated at the boundary of the low or high point range, if you start trading based on whether there is support, you are more likely to get good results. - In any case, you should think in line with your average purchase price. Otherwise, if you trade incorrectly due to psychological pressure when you get close to the average purchase price, you may end up with little profit or even a loss. This means that when you start a new trade, it is better to start near the BW (0), BW (100), HA-Low, and HA-High indicators as mentioned above. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
Just before turning into an uptrend Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (AVAXUSDT 1M chart) The key is whether the price can be maintained above 21.39 and rise. - (1W chart) The key is whether it can be supported above 27.29, in the box area of ​​the HA-High indicator (29.24-54.14), and rise above 45.36. If the price stays above the M-Signal indicator on the 1M chart, there is a possibility that it will turn into an uptrend. - (1D chart) The key is whether it can rise after receiving support around 27.29-28.64. However, since the StochRSI indicator has entered the overbought zone, we need to look at where it will receive support when it falls from the overbought zone. If it falls below 27.29, 1st: 24.8 2nd: 21.39 We need to check whether there is support around the 1st and 2nd above. - AVAX is just now showing a movement to turn into an uptrend. Accordingly, the 28.64-31.75 zone can be considered a buy zone. If you bought in the 28.64-31.75 range, the BW (100) line is the time for a split sell. If the price rises a little more, the BW (100) line is likely to be created, so the first split trading point may be close. If the price stays above the BW (100) line or the HA-HIgh indicator, a stepwise uptrend is likely to begin. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture A full-scale uptrend is expected to 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