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Supportandresistnace

The key is whether there is support near the previous ATH Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BNBUSDT 1D chart) The HA-Low indicator is generated at 588.27 and is rising above the previous ATH. Accordingly, the key is whether there is support near the previous ATH point of 692.90 and whether it can rise above 719.53. If it falls below 677.22, 1st: 656.63 2nd: 582.63-616.76 (Fibonacci ratio 0.618(620.33)) You need to check whether there is support near the 1st and 2nd above. - The fact that the HA-Low indicator was created means that it has broken out of the low range. Therefore, if it falls below the 588.27 point, you need to be careful because there is a possibility that it will renew the low again. If it falls from the HA-High indicator and meets the HA-Low indicator, you should consider that the previous wave has closed. Also, if it rises from the HA-Low indicator and meets the HA-High indicator, it is the same. The point to watch is whether it will move sideways in the HA-Low indicator ~ HA-High indicator range or break out and create a new wave. In that sense, the key is whether it can rise and receive support near 719.53. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 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 -----------------
by readCrypto
Even if it falls, you should prepare for an uptrend Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The High Boundary Zone has been changed to the 101947.24-103706.66 range. Therefore, anything above 103706.00 is considered a high range. However, the basic 106133.74 point is likely to act as resistance. - The StochRSI indicator is showing a decline to the 50 point range. Therefore, since volatility is likely to occur, a quick response is required when trading. Therefore, the point of observation is whether there is resistance near 106133.74. When a new candle is created, if the StochRSI indicator falls below the 50 point, the key point is whether there is support near 101947.24-103706.66. If there is support, I think there is a high possibility that the uptrend will continue. If the StochRSI indicator enters the oversold zone and falls below 101947.24 and shows resistance, you should check whether it touches the BW(0) indicator or the HA-Low indicator. The 93576.0-34742.35 zone is expected to be an important support and resistance zone. ------------------------------ It seems that a lot of funds have flowed into the coin market through USDC. Accordingly, the coin market is likely to show an upward trend soon. As I said before, for the altcoin bull market to start, BTC dominance must fall below 55.01 and remain there or show a downward trend. The maximum decline point of USDT dominance is expected to be around 2.84. After that, since USDT dominance is expected to show an upward trend, the coin market is expected to show a downward wave. If it goes up by 4.97 or more, I think you can definitely tell that a downtrend is in progress. - Based on the above coin market cap chart, this uptrend is expected to be the last uptrend. Therefore, even if the price falls, a trading strategy that prepares for an uptrend is needed. The point to watch is whether this uptrend can rise to the Fibonacci ratio point of 2.24 (116940.43). This volatility period is expected to continue until January 31. The next volatility period is expected to be around February 9-16. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 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 -----------------
by readCrypto
Example for conducting a split transactionHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- To create a trading strategy - Investment period - Investment size - Trading method and profit realization method The above conditions must be taken into consideration. As you proceed with trading, you will respond to price changes depending on the trading method and profit realization method among your trading strategies. This usually results in a split transaction. We must not forget that long-term holding means that we are seeing period losses due to long-term holding. This is because profits from long-term holding are ultimately difficult to view as actual profits. Additionally, while holding it for a long time, you miss out on the opportunity to earn greater profits by trading other coins (tokens), which reduces expected profits. Therefore, when rapid price volatility occurs, a response is necessary. This can reduce the psychological burden that comes with long-term possession. If you purchased BTC below 29K, the current price movement is at a level that does not cause much pressure. However, looking at the price volatility of altcoins due to BTC price fluctuations, you may feel psychological pressure. This is because they feel psychological pressure to protect their current profits, so they worry about whether to proceed with a split transaction. If you look at the movements of altcoins due to BTC price volatility from around November 2nd, when this volatility period began, to the present, you may think that there will be a big drop once. If the average purchase price is below BTC 29K, but you are not yet familiar with creating a trading strategy based on chart analysis, it is recommended to proceed with split trading when volatility exceeds -10% to +10%. When volatility exceeds -10% to +10%, it basically means the volatility of one candle on a 1D chart. Accordingly, there was an opportunity to conduct a split transaction as recently as October 23rd. To be sure that a volatility of -10% to +10% has occurred, the candle of the day must be closed. Therefore, it is recommended to proceed with trading just before the day's candle closes. However, since it has been continuously rising since October 23rd, I think there is a high possibility that if you sold it in installments, you are currently regretting it. However, you can seize new opportunities and feel psychological stability with the cash you get from selling in installments. Additionally, if the price falls by more than -10% in the future, additional purchases can be made. Since the price is rising, it is thought that even if the price rises higher and falls by more than -10%, if you buy it at a higher price than the split sale price, you will ultimately incur a loss. But, that's not the case. The most important thing in trading is to make a big profit, but it is more important to have your own psychological stability. So what is needed is a profit realization method. What is not possible with traditional stock market trading methods is possible in the coin market. The reason is that coins (tokens) can be traded in decimal units. Therefore, if you trade by purchase price, split trading is possible even if the price rises. For split transactions based on long-term holding, it is recommended to increase the number of coins (tokens) corresponding to the proceeds. Therefore, when selling in installments, the number of coins (tokens) corresponding to the profit is reserved by selling the purchase principal amount corresponding to the purchase price (+ transaction fee x 2 included). If trading is carried out in this way, the average unit price provided by the exchange becomes meaningless. Therefore, if you continue trading in this way, all of the purchase principal will be recovered, and only the number of coins (tokens) corresponding to the profit will remain. Therefore, once the entire purchase principal has been recovered, the average purchase price of the remaining coins (tokens) becomes 0. In this situation, even if you proceed with the transaction again, the average purchase price will be lower than the purchase price, thereby reducing the psychological burden of purchasing. The impact of these transactions has greater significance when investing with a long-term perspective. If so, let's give an example of how to proceed with additional purchases. The method mentioned above, i.e. split trading when volatility is more than -10% to +10%, is a good method to use for those who are not familiar with chart analysis or creating trading strategies. (Basically, you need the know-how to determine whether you are supported or resisted at a support or resistance point or section. It is a tedious and difficult task as it requires checking movement for at least 1 to 3 days to check whether support or resistance is received at the support and resistance points.) 1. You can proceed with split trading based on the 5EMA on the 1D chart. The 5EMA on the 1D chart has long been called a rising line. Therefore, in order to proceed with a breakout trade, it is recommended to proceed when the price rises above 5EMA. When the price rises sharply and falls away from the 5EMA, it touches the 5EMA line again and appears to be supported, so a split purchase is possible. Therefore, split purchases are possible in section 1. Accordingly, you will have to worry about how much of a purchase proportion you should make when purchasing. When buying around 5EMA, it is recommended to buy about one-third to one-fourth of your current holdings. (If you purchase in proportion to the number of coins (tokens) held, the average purchase price will increase significantly, so it must be calculated based on the current amount held.) If you purchase more than that, you may feel psychologically anxious if the average purchase price shown increases significantly, so you need to be careful. 2. When support is confirmed near the MS-Signal indicator on the 1D chart (26EMA, which shows similar movements), you can proceed with split trading. The next section for additional purchases is possible when support appears near the MS-Signal indicator. At this time, you can purchase with 50% to 100% of the amount held. The reason is that there is a high possibility of creating a pull back pattern. 3. Split trading is possible depending on whether support or resistance is received around the HA-Low and HA-High indicators. If it is supported by the HA-Low indicator, it is basically a good time to buy additional money because it is highly likely to touch the HA-High indicator. However, if supported by the HA-High indicator, there is a possibility of renewing the previous high point, so this also corresponds to the time for additional purchases. Don't do it. If the HA-High indicator falls, it is highly likely that it will touch the HA-Low indicator, so a countermeasure is essential. If the HA-Low indicator falls, there is a possibility that the previous low point will be renewed, so a response plan is also needed. However, if it falls below the HA-Low indicator, there is a possibility of forming a bottom, so depending on the overall position of the price, you may have a better opportunity. -------------------------------------------------- ------- Rather than analyzing charts, it is more important to think about these trivial(?) trading strategies and create a method that suits you. This trading strategy does not necessarily require good chart analysis. Therefore, in order to proceed with a transaction, you must have an idea of these minor(?) details. Therefore, you should spend more time creating your trading strategy than you spend analyzing charts. A trading strategy requires you to create a big picture trading strategy before you start trading. In addition, by creating a detailed trading strategy within the scope of the trading strategy in the big picture and proceeding with the transaction while feeling psychologically stable, even if the transaction fails, the impact on proceeding with the next transaction can be reduced. The most important thing in chart analysis is to have the know-how to check whether you are supported or resisted at support and resistance points or sections. I do not recommend analyzing charts beyond that because it means becoming an analyst rather than trading. Therefore, rather than studying difficult chart analysis techniques, more time should be invested in checking whether support or resistance is received at support and resistance points or sections. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
FILUSDTAccording to the price chart, it is located in the overlapping area of ​​the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of March. And the least I expect after the correction pattern ends is for the price to rise to the top of wave A or 1. But the main targets of this price increase are respectively $20 (100% Fibonacci extension of wave A or 1 from the bottom of the corrective pattern) and $46 (162% Fibonacci extension). And finally I see $183 (Fibonacci extension 262%).
Long
by Mr_elliottt
Bitcoin: New Buy Signal And One Simple Rule.Bitcoin: Noise in the markets comes in many forms: price noise, inflexible opinions, hype, etc. It is one thing to consume it for intellectual entertainment, but taking action or making decisions on such information is NOT helpful at all for your trading account. There are many moving parts when it comes to evaluating a market, no matter what mix of fundamental and technical information you choose. The key is to have a set of rules to filter out the adverse effects and bias of human nature. In this video I explain why we believe price structure FAVORS longs, and where to anticipate bullish order flow IF selling activity increases from here. I will also touch on one simple rule that we employ in our long only swing trade strategy. Key Point: Low 7K resistance area has asserted itself, BUT price is more likely to push higher in its next bullish retrace. Why? The 6425 level was a key resistance that once taken out, offered some kind of PROOF that the balance of order flow leans more toward the bullish side. The recent indecisive price action is consistent with this idea so far. Sell offs are not "stop and go", fear is a powerful motivator and buyers do not appear to be getting absorbed around the current price level. This will NOT be obvious on any oscillator, or any other random art on a chart. It is a concept that is based on price structure, proportions and forecasting methods that project forward, NOT focus on looking back. Does this mean price can't pull back to 6K? No, but until Bitcoin provides evidence for that scenario to be likely, it is an event that we assign a low probability. We can do all the analysis in the world and it will not change the fact that markets are highly random. That means things look one way one minute, and then they change. Rules are what allow us to qualify opportunities and filter NOISE. One of our simplest rules: using predetermined prices to enter or exit a trade. This helps to minimize the effects of emotional decision making and filters out many would be fake outs that often lead to a stop out. Having preserved that capital allows us to continue to participate in the next quality setup. Evaluating and managing risk should not be confused with evaluating a market.
BITSTAMP:BTCUSDLong
by MarcPMarkets
9
BTCUSD: Momentum Reversal In Play.BTCUSD update: Within the triple bottom formation that is now established in this market, there is a particular sequence of price action that often leads to a momentum reversal. The confirmation of this infrequent pattern is a retest and higher low of the 12350 support area. Price has broken the 13500 resistance level and if it continues at this rate, will most likely close above. My limit order that I placed yesterday at 13150 (Coinbase) was filled quickly and is now in my favor (this is a long term trade as explained in my previous report. No stops, no targets, no margin). Even though price action is slightly bullish at the moment, it is still not out of the clear. Is this the beginning of the next leg up? The 13520 level is the .382 of the recent bearish structure. Often, when this level is taken out, it signals a change in momentum which in this case is bullish. The confirmation comes in the form of a higher low formation which would be most attractive around the 12483 to 12139 minor support zone which is the .618 area relevant to this current bullish swing. If price chooses to retest the minor support, this would be an attractive area to add to long term positions, or initiate new ones. Since this level would also confirm a short term pattern reversal, it will serve as an attractive area for a swing trade long as well. Risk can be defined by 11600 low, or the low of the current structure at the time of the retest. What about lower prices? Like I always write: anything is possible because things change fast in these markets. IF for whatever reason, price falls through 12139 and retests 11600, it would then be much more likely to revisit the 10700 or lower. IF the market decides to retest these levels, 9683 would not be unreasonable since it is the lower boundary of the reversal zone (projection measured from 10700 low). What makes that bearish scenario less likely is the price action that is occurring now. The next retrace, whether it is shallow (way above 12483) or into the minor support will provide a much clearer view of what the market's intentions are. What is unfolding now is certainly bullish, but that does not mean the market will return to the vertical exaggeration that we saw 2 weeks ago. A change in momentum along with supportive structure can take this market back up to the 16350 to 17876 resistance area which is the short term target for any swing trades established near or below current levels. In summary, there are NOW signs in place that short term price momentum is shifting back to bullish. As you can see, it took a couple of days, not hours or minutes. This is what carries weight on a short term trading basis and why so much patience is required. The next retrace will more than likely offer entry opportunities that will have clearly defined risk. IF the price action makes sense I will not only add to my position trade, but also put on a swing trade with a short term target. The key is to watch for reversal patterns near or within the minor support zone. Taking a position sooner is up to your trading plan and risk tolerance, because it is still possible for price to attempt a retest of the lows, just a lower probability at this point. Either way stay flexible and listen to the market, not your own feelings or opinions. Comments and questions welcome. Also I would like to wish the Tradingview community a Happy, Healthy and Prosperous New Year! Thank you all for your support and encouragement. Let's learn from our mistakes and hit the ground running, and start the new year strong.
BITFINEX:BTCUSD
by MarcPMarkets
37