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Support zone: Around 189.84Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) You need to check if it is rising along the rising channel. The important zone on the 1M chart is around 175.45. (1W chart) The important zone on the 1W chart is around 189.42. Therefore, the support zone is the 175.45-189.42 zone. You need to check if it is forming a trend while passing through the week including July 22nd and the week including August 19th. If it falls below 157.65, we need to check for support near 136.72. (1D chart) The important sections on the 1D chart are around 189.84 and 172.16. Therefore, the key is whether it can find support near 189.84 and rise above the Fibonacci ratio of 0.5 (197.89). If it falls near 189.84 and shows resistance, 1st: 181.99 2nd: 172.16-175.45 We need to check for support near the 1st and 2nd above. Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when 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. Since it is thought that a new trend can be created in the overshooting section, it is necessary to check the movement when this section is touched. #BTCUSD 1M If the major upward trend 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 -----------------
NASDAQ:AAPL
by readCrypto
Support zone: Around 67300-70700Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (Samsung Electronics 1M chart) The area around 70700 is likely to complete the 'M' pattern and turn into a downtrend. Therefore, whether there is support around 70700 is an important issue. (1W chart) The important zones on the 1W chart are around 77500 and 57400. Therefore, the key is whether the price can be maintained above 77500 when it rises with support near 70700 as mentioned on the 1M chart. If not, and it falls near 70700, there is a possibility that it will fall to around 57400. Since the 57400 point is the HA-Low indicator point on the 1D chart, there is a possibility that the HA-Low indicator will be newly created as the price falls. Therefore, if the HA-Low indicator is newly created, whether there is support near that area will be an important issue. (1D chart) The important sections on the 1W chart are around 84300 and 67300. Accordingly, we can see that the area around 67300-70700 is the support area. If it is supported near the support zone and rises, 1st: 77500-79400 2nd: 84300 The 1st and 2nd zones above are short-term resistance zones. However, if it is confirmed that it is supported in this resistance zone, there is a possibility that it will update the previous latest high. The fact that the HA-Low indicator was created means that a high point zone has been formed. Therefore, since the HA-Low indicator on the 1D chart was created at the 84300 point, it is a high point zone. Therefore, in order for a full-scale uptrend to begin, the price must be maintained above the HA-High indicator. If the HA-Low indicator is created, it means that a low point zone has been formed. 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: 13401.28 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 -----------------
KRX:005930
by readCrypto
Trend lines are also lagging(?)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think trend lines are drawn to find out the trend that appears when candles are formed. Therefore, since they are drawn after candles are formed, they can be called lagging. However, since there is a characteristic of moving along a trend that has been formed unless there is a special issue, chart analysis is done by referring to trend lines. To draw trend lines, you need to understand the arrangement of candles. If not, there is a high possibility that it will be a meaningless line, so you need to study candles in advance to draw trend lines. The point to use as a reference when drawing trend lines may vary depending on your investment style. When drawing a trend line, I draw it according to the following rules. 1. Connect the opening price of the falling candle among the price candles corresponding to the high point of the StochRSI indicator (indicated by the blue line) 2. Connect the low point of the price candles corresponding to the low point of the StochRSI indicator (indicated by the light green (#00FF00) line) The setting values ​​of the StochRSI indicator are 3, 3, 14, 7 (K, D, RSI, Stoch). However, the source value is the value of the Heikin-Ashi candle (Open + Close) / 2. The difference can be confirmed by the StochRSI indicator and the Stoch RSI indicator of the TS - BW indicator on the chart. 1. Use the high point formed when the StochRSI indicator rises above 80, 2. Use the low point formed when the StochRSI indicator falls below 20. Exclude any low or high points formed other than these. The trend line connecting the low points can be connected by connecting the low points of the price candles. However, the trend line connecting the high points must connect the opening price of the falling candle among the price candles, so when the price candle where the high point of the StochRSI indicator is formed is an upward candle, the opening price of the first falling candle among the right candles is specified and used. Therefore, since there is a difference between the StochRSI indicator of the TS -BW indicator and the general StochRSI indicator, it is recommended to use the StochRSI indicator formula of the TS - BW indicator if possible. When the StochRSI indicator entered the oversold zone and formed two low points, the trend line was not drawn by connecting the two low points. Therefore, the trend line is drawn as shown on the chart. Both the most recently drawn trend lines (1) and (2) are down, so it seems likely that a change in trend will occur. However, since it is virtually impossible to know with just the trend line, it is recommended to comprehensively evaluate by adding auxiliary indicators. Therefore, it is recommended to refer to the BW indicator, which displays MACD, StochRSI, CCI, PVT, and SuperTrend indicators. If the BW indicator is rising from the 0 point, it means that the trend is rising. On the contrary, if it is falling from the 0 point, it means that the trend is falling. Since the BW indicator is currently above the 0 point, we can see that the trend is rising. Therefore, when looking at the trend line and the BW indicator comprehensively, we can respond by selling when it falls from the recently drawn trend lines (1) and (2). However, since the BW indicator is in an upward trend, it is recommended to respond with a split sell rather than a 100% sell. It is still difficult to determine the timing of trading with the trend line alone. Therefore, it is recommended to select the timing of trading by indicating the support and resistance points. In that sense, it is a good idea to add HA-Low, HA-High indicators and use them to select the trading period. Even if you do not use HA-Low, HA-High indicators, you should draw support and resistance lines according to the arrangement of candles on the 1M, 1W, and 1D charts and mark them on the chart to select the trading period. The good thing about using indicators that indicate support and resistance points is that the support and resistance points do not change depending on your psychological state. When you start trading, your psychological state may become unstable due to price volatility, and if you are in an unstable psychological state, you may draw a line incorrectly, which may result in an unreliable line. 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: 13401.28 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 -----------------
Education
by readCrypto
Important section: 67614.25-70231.38Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1M chart) It began to rise in the buy zone and reached its first decline around the Fibonacci ratio point of 1.27 (73.308.95). This first decline continued towards the Fibonacci ratio point of 0.886 (56000.42). It then moves higher and is rising above the Fibonacci ratio point of 1.13 (67031.36). Therefore, it appears that there is a high possibility that the Fibonacci ratio will show volatility through a three-stage movement. If volatility occurs in three stages like this, In case of decline, it is expected to fall around the Fibonacci ratio range of 0.707 (48064.07) to 0.786 (51606.42). When rising, it is expected to rise around the Fibonacci ratio range of 1.618 (88913.24) to 2 (106042.09). Therefore, I think the key is which direction it deviates from the Fibonacci ratio range of 1.13 (67031.36) to 1.24 (73308.95). (1W chart) If it rises along the important upward channel, it is expected to continue the upward trend purchased around 16K-28K. However, since it has created a new rising channel (rising trend line (4) ~ (5)) and is showing an upward trend, if it deviates from this rising channel, volatility is expected to occur to change the trend. Therefore, it is necessary to keep a close eye on the movement between the high trend line of the important rising channel and the rising trend line (4). Therefore, this period of volatility on the 1W chart is expected to last until around the week of July 29th. (1D chart) A short-term rising channel has been formed and the price is showing an upward trend along the short-term rising channel. However, since the rising channel narrows as the price rises, the possibility that the Fibonacci ratio point falls below the short-term rising channel around 1.27 (73308.95) cannot be ruled out. Therefore, the trend line we should consider important is the upward trend line (1). This rising trend line (1) is the corresponding trend line to the rising trend line (4) mentioned in the 1W chart. Therefore, since a short-term uptrend can lead to a movement to continue the mid- to long-term uptrend, we need to think about countermeasures against this. Currently, the HA-High indicator on the 1D chart is formed at 67614.25, and the HA-High indicator on the 1W chart is formed at 65233.64. Therefore, you should consider a response strategy depending on whether there is support around 65233.64-67614.25. The next period of volatility will be around June 4 (June 3-5). However, there is a possibility that proactive volatility may occur from around May 27th to 29th (maximum May 26th to 30th). Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
EUR/USD Intra Day/Week Play 28/05/2025On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation pattern. On the weekly we can see that price has been ranging btween 1.10082 (highs) and 1.07237 (lows) When we head down to the 4 hour we can see that price has mitigated the previous 4hr bearish order block to then form a break out to the downside, it then returned to the break out levels further claiming all the sell side liquidity in the zone and is preparing for a move downward to fill the imbalance @ 1.07953 and tap into either the bullish order block at 1.07876 or 1.07459 This upward movement is also supported by the bearish candle crossing the 20ema to test 100ema with a pisitive reaction to the upside on the 4hr indicating strong buying interest. In this scenario, we would look for an entry at 1.07856 with a stop loss at 1.07117 and take profits at 1.10107 securing a nice 1:3 Risk to Reward. Let me know what you guys think. Hope you have a great week ahead. Happy Trading.
Long
by FXCapitalClub
Stacks (STXUSD): Balanced Strategy for a Solid UpsideFor Stacks (STXUSD), we see a Fair-Value Gap (FVG) on the weekly chart, along with similar gaps on the three-day and daily charts, plus a demand zone below. Our plan is to use these weekly FVGs and the demand zone for Dollar-Cost Averaging (DCA) entry points if the price drops to those levels. We see $1.31 as the maximum downside. On the upside, we aim to reclaim the recent high, with resistance around the three-day gap at $2.64. We're pretty confident that with a well-placed stop-loss, this setup offers a solid chance to build a long swing position. This strategy provides a balanced risk-reward scenario, allowing us to take advantage of potential upward movements while effectively managing the risks. Looking at the annual VWAP for STX, it's crucial because this year's VAL (Volume-Weighted Average Price Low) could act as support, which aligns with our planned entry in the orange zone. This point could be pivotal for holding and supporting STX's price action. On the upside, the annual VAH (Volume-Weighted Average Price High) will serve as resistance. If we flip this level, it could then become support, opening up significant upward potential. While the timing is uncertain, we're ready to see how the price action unfolds, barring any unexpected news. On the quarterly chart, we see a clear picture. Our worst-case scenario is the 2024 Q1 VHL (Volume-Weighted Average Price Low) at $1.56, which is our downside limit. We expect this level to serve as resistance, and currently, we're struggling to surpass it. However, we're focusing on the 2024 Q1 VAL as our critical support, marking it as our worst-case scenario. Overall, breaking through the 2024 Q1 VHL is challenging, but our strategy considers this level, ensuring we're prepared for potential downside movements while aiming for upward targets. Lastly, the monthly chart for STX is more complex. We have the February VAL and January VAH below us, which have acted as support multiple times. If we lose these support levels, they might turn into resistance, possibly causing a reversal before or at the January VWAP. Our first resistance on the way up will be the April VAL of $2.42. There are several resistances to navigate, making it crucial to move carefully. Despite this, we expect a trend reversal soon, but the key question is whether the market will shake out a few more participants before turning upwards.
Long
by freeguy_by_wmc
Important points: 6.684, 8.144, 10.611Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOTUSDT 1M chart) The key is whether it can rise above 9.262 and receive support. (1W chart) It is expected to rise above 10.373 to escape the bottom section. To do so, the key is whether the price can be maintained by rising above the HA-High indicator (8.144) on the 1W chart. The full-fledged upward trend is expected to begin when the price rises above 19.370, which is the volume profile section. (1D chart) The M-Signal indicator on the 1W and 1M charts is passing through the 7.319-8.144 section. Therefore, it is highly likely that an upward trend will begin if the price is maintained above 8.144. If not, and it falls, you should check for support around the HA-Low indicator (6.684) on the 1D chart. From the current price position, the HA-High indicator on the 1D chart is formed at the 10.611 point, so it is expected that the full-fledged upward trend will begin only when it rises above this point. Therefore, the critical points are 6.684, 8.144, and 10.611. You can proceed with your trade depending on whether there is support at these three important points. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
Fantom (FTM): Bullish Setup with Strong Support Levels!Looking at Fantom on the daily timeframe, we see a promising setup following the completion of Waves 3 and 4. Wave 4 ended around $0.567, and since then, we have observed a consistent formation of higher lows. This pattern suggests a continuation of the upward trend. The recent rise has left behind a breakout gap. Our plan is to see this gap touched or closed, and subsequently, we aim to use the underlying demand zone for Dollar-Cost Averaging (DCA) if further pullbacks occur. Within this area, we have two significant supports: the Point of Control (POC) and the High-Volume Node Edge. These levels should provide enough support to prevent the price from falling below this range. Our target is set at a minimum of $1.22, though it could go higher, considering this is likely Wave 5. This target aligns with the expected continuation of the bullish trend as indicated by the Elliott Wave theory. It is relatively easy to see that there are many liquidation levels above the current price for FTM. Significant liquidations have already been taken out, particularly just shortly after the ETF approval when many overleveraged positions were liquidated. Currently, there aren't many liquidation levels below the current price. Therefore, we believe this might be a good time to dip again to clear out any remaining liquidation levels. After that, we expect to absorb the remaining short positions and push upwards. There is significant room to move higher, reaching our first target and potentially taking out more liquidations along the way. Focusing on Fantom (FTM) on the quarterly VWAP chart, the 2024 Q1 VWAP has acted as a significant resistance level, respected four times. This consistent resistance often becomes a powerful support once broken, marking the start of a bullish phase. We anticipate the 2024 Q1 VWAP will transition from resistance to support, signaling strength and potential upward momentum. Additionally, the 2024 Q2 VWAP is providing strong support, reinforcing our bullish outlook and underpinning the price action. With the combined support from the 2024 Q2 VWAP and the potential flip of the 2024 Q1 VWAP, Fantom is poised to gain momentum. We expect this to drive the price upward, leading to a retest of the 2024 Q1 VWAP soon. In summary, the interaction between these VWAP levels is pivotal. The 2024 Q1 VWAP is likely to become new support, bolstered by the 2024 Q2 VWAP. This setup suggests Fantom could move higher in the near future, retesting and possibly surpassing previous resistance levels. We also need to consider the monthly VWAP chart for Fantom (FTM). Resistance was encountered between $0.915 and $0.925, defined by the Previous Monthly VAH and the March VWAP. Currently, the May VWAP is holding, along with the Previous Monthly VWAP. However, we might fall below this level, where the Previous Monthly VAHL and May VAL should provide support. This alignment offers solid support and aligns with market structure and Elliott Wave principles. Maintaining these levels is crucial for sustaining the bullish outlook and allowing the market to stabilize before moving higher. Holding the May VWAP and the Previous Monthly VWAP shows Fantom's resilience, potentially facilitating upward movement. If a dip occurs, support at the Previous Monthly VAL and May VAL should stabilize the price and provide a foundation for the next bullish phase.
Long
by freeguy_by_wmc
Whether a full-fledged upward trend has begun: 69K-70231.38Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) If USDT and USDC show a rising gap, I think it is evidence that funds are flowing into the coin market. (BTC.D 1M chart) In order for the coin market to continue its upward trend, it must meet resistance and fall in the 55.01-62.47 range. If this is not the case and BTC dominance continues to rise, it is highly likely that funds in the coin market will be concentrated towards BTC, making it quite difficult to trade altcoins. (USDT.D 1M chart) In order for the coin market to continue its upward trend, it must remain below 4.97 or show a downward trend. Summarizing the explanations of BTC dominance and USDT dominance, in order for a bull market in the coin market, that is, a bull market in which most coins (tokens) rise, to begin, BTC dominance and USDT dominance must show a downward trend. -------------------------------------------------- (BTCUSDT 1D chart) This volatility period lasts until May 20th. If the price rises above 69K-70231.38 and maintains the price, a full-fledged upward trend is expected to begin. The key to this full-fledged uptrend is whether it can break above the upper point of the HA-High indicator box on the 1D chart. If not, and it goes down, Support should be checked around 65233.64 (64K-66401.82). Currently, the MS-Signal indicator (M-Signal on 1D chart) is passing around 65233.64, so it is important to see whether the price can be maintained above this point. (1M charts) If the price holds above the Fibonacci ratio point of 1.27 (73308.95), the next target would be around 1.618 (88913.24). If it declines in the first section, you need to check for support in the second section. The HA 5EMA line is rising near 0.886 (56090.42), so if it falls below 0.886, there is a possibility that a downtrend will begin. Therefore, caution is required as sharp drops may occur. The next period of volatility is around June 4th. ------------------------------------------------- (BTCUSDT 1D chart) The indicators used to find a position to start a trade are the HA-Low and HA-High indicators. And, the indicator used to verify this is the BW indicator. Have a good time. thank you -------------------------------------------------- - The big picture A 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Marathon Digital Holdings (MARA): Bullish Divergence SignalsMarathon Digital Holdings is heavily influenced by developments in the cryptocurrency market. Despite this dependency, significant indicators on the RSI chart show repeated divergences. These divergences have previously resulted in substantial price movements and could potentially do so again. Currently, we have identified a bullish divergence on the daily chart, with the stock holding above the High-Volume-Node (HVN) Edge within a trend channel. These correlations suggest there could be enough momentum for the stock to retest the $34 level, which we consider a minimum target. Marathon's stock is known for its rapid movements, meaning it can quickly move up or down. Should the stock move upwards, it could swiftly surpass the $34 mark. However, we must also consider the presence of equal lows on the chart. These equal lows are often a point of concern as they indicate significant liquidity below them, which the market tends to target. Therefore, it is possible that we might see a dip to collect this liquidity in the coming days, weeks, or even months, potentially bringing the price back to the trendline. In the worst-case scenario, the stock might drop to the High-Volume-Node Point of Control at $9.67 before resuming its upward trajectory. Despite this risk, we believe that Marathon has substantial upside potential in the coming weeks. The confluence of bullish signals and strong support levels suggests that the stock could see significant gains if the bullish divergence plays out as expected.
NASDAQ:MARA
by freeguy_by_wmc
Trading may begin depending on support around 0.1160Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (CHZUSDT 1D chart) The M-Signal indicator on the 1M, 1W, and 1D charts is passing around 0.11610-0.12080. Accordingly, you can start trading around 0.11610-0.12080, depending on whether there is support or not. If supported and rises, 1st: 0.13773-0.15581 2nd: 0.20790 You need to check for support around the first and second rounds above. If the price rises above 0.20790 and holds, it is expected to break out of the bottom range in the long term. Therefore, if it rises above 0.20790, it is expected to surge. If it falls due to resistance near 0.11610, you should check for support around 0.08631 or the HA-Low indicator. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Check for support around 0.5236-0.5384Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (XRPUSDT 1D chart) The most important point on the XRP chart is the 0.47 point. This is because if it falls below 0.47, it is expected to enter the bottom range from a long-term perspective. Therefore, the price should be maintained above 0.47. Since the M-Signal of the 1M chart > M-Signal of the 1W chart > M-Signal of the 1D chart, it shows a downward trend. Accordingly, the key is whether it can receive support and rise around 0.5236-0.5384. If it fails to rise, caution is needed as it is likely to touch around 0.47 again. If the HA-High indicator is supported and rises, it is likely to renew the previous best high. Therefore, it is time to buy whenever it rises above the HA-High indicator on the 1D, 1W, and 1M charts and shows support. If it is not supported by the HA-High indicator and falls, it will be time for a split sale, so caution is needed in response. One thing you must think about before you start trading is your investment horizon. If you do not decide how long you will invest for, you may not be able to respond properly when prices fluctuate, so you must decide on the investment period. Next, you must decide how much to invest and how to trade or realize profits. No matter how long-term you invest, you must sell when the price rises to a certain level. There are three ways to sell: selling 100%, selling a portion, or selling an amount equivalent to the purchase principal to increase the number of coins (tokens) corresponding to the profit. The method of increasing the number of coins (tokens) corresponding to profit by selling an amount corresponding to the purchase principal ultimately ends up holding only the number of coins (tokens) whose average purchase price is 0. Therefore, there is absolutely no risk associated with holding it. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
BLOCK (SQ): Major Buy Zones Identified Amid Potential Upswing!BLOCK (formerly Square) has experienced a significant sell-off since its all-time high of $290 in July 2021, dropping to a low of $37. This marked the completion of Wave 2 in its price cycle. Currently, we are observing two critical zones: Must-Buy Zone : Between $33 and $51. Historically, the price has spent minimal but crucial time in this range, indicating strong market movement always follows a dip into this zone. Okay-Buy Zone : Between $51 and $87. This broader range also saw significant accumulation periods, specifically from May 2018 to March 2020, and again from May 2022 to the present. BLOCK's price dipped to the Must-Buy Zone recently but quickly reclaimed higher levels, suggesting a potential upswing. Additionally, a clear bullish divergence on the RSI (3-day chart) indicates a possible new momentum phase. Potential Scenarios: Retest and Reclaim : On the 12-hour chart, a retest of the high-volume nodes and Points of Control (POC) on the daily and 3-day charts might occur. If BLOCK retests these levels successfully, it could signify a sustained upward movement. Dip and Buy Opportunity : Should the price fall below these POCs, another dip into the Must-Buy Zone could present an excellent long-term buying opportunity, especially if the RSI indicates oversold conditions aligning with these price points. Given the bullish divergence on the RSI and historical support levels, there is a strong case for a potential upward movement. However, the risk of a further dip remains, making it crucial to monitor these levels closely for a strategic entry point.
NYSE:SQLong
by freeguy_by_wmc
Zoom (ZM): Zoom Bottoming Out? Major Accumulation Signs!A stock we previously considered "dead" and seemingly on its last legs is Zoom. Despite its current low standing, it warrants another look. Zoom is currently trading around its lowest level ever, approximately $58 to $59. This is a stark contrast to its all-time high of $588, marking a significant sell-off following the end of the COVID-19 pandemic. Stocks like Zoom are challenging to evaluate due to the massive fluctuations in value. Historically, Zoom has tested and held the $250 level seven times, but now, for the first time, it’s been in a prolonged sideways movement. This could indicate an accumulation phase, often seen when stocks are at their lowest, suggesting that Zoom might be finding a bottom. Moreover, there's a trendline within this accumulation phase that has been touched three times, reinforcing the possibility that Zoom is stabilizing. This trendline might act as a support level, potentially leading to a period of growth or at least stability. Zooming in further, we notice that during this accumulation phase, there are four notable touchpoints on the trendline. While two points dip slightly lower, this is not overly concerning given the overall price action. The trading volume within this phase is visible and consistent, with price movements often oscillating around the Point of Control (POC) at $67. Prices fluctuate above and below this level but tend to return to the POC, indicating strong trading interest at this price point. Currently, Zoom has the potential to rise towards $72, which corresponds to the High Volume Node Edge. This movement could involve a retest of both the trendline and the POC. A successful retest and subsequent breakout from these levels could provide the necessary momentum to break out of the accumulation phase, potentially opening the door for significant upward movement. In summary, while Zoom has faced a dramatic decline, the current price movement and trendline support could indicate a phase of accumulation, suggesting that it might not be entirely out of the game yet. While this scenario is intriguing, it is also fraught with risk. Therefore, we are opting to remain on the sidelines for now, monitoring the situation closely.
NASDAQ:ZM
by freeguy_by_wmc
NIFTY 300+ Points Gain Target 3 ReachedSo, far this has been my safest strategy to trade Nifty: Apply the indicator 'Risological Astra' Set Nifty to 15 min time frame BUY CE side if the price closed above the Astra dotted line. I buy the monthly contract ONLY, with this strategy. Sell 50% when the price reaches TP4. Hold remaining 50% till the price crosses under the Astra dotted line. This trade gave me 315+ points (unrealized PnL) Ofcourse I will be selling 50% at TP4 and hold the remaining till the price crosses under the astra line. I wish you all, good luck and happy trading.
NSE:NIFTYLong
by ProfitsNinja
key is whether it can receive support and rise around 3025.37Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) You can see that ETH has a volume profile around 2.7K and in the 1.4K-2.0K range. Also, due to this decline, the HA-High indicator appears to be moving from the 3321.30 point to the 2514.38 point. Therefore, if the HA-High indicator is created at the 2514.38 point when this month closes, the primary support zone is expected to be the 2514.38-2.7K zone. The second support range is 1.4K-2.0K. (1W chart) Even if you hide all indicators and just look at the arrangement of candles, you can intuitively know where support and resistance points or sections are formed. The reason is because volume candles charts were used. The thicker the candle, the more trading volume has occurred, so you can see that the point or section where the corresponding candle is located forms a volume profile section. Therefore, it can be said that the area around the candle that the finger points to corresponds to the volume profile section. Since the psychological volume profile section is formed over the 2616.79-3043.91 section, the key is whether it can receive support and rise around this section. (1D chart) Unlike the BTC chart, the HA-Low indicator was not created on the ETH chart. Therefore, it cannot be said that a low point has been formed yet. Therefore, further declines along the downward channel seem likely. At this point, in order to turn into an upward trend, the price must rise above the MS-Signal indicator and maintain the price. Therefore, the key is whether the price can be maintained by rising above 3025.37. The 3025.37 point is the HA-High indicator on the 1W chart, so if it receives support around this point, it is likely to lead to a further rise. In order to continue the upward trend, the price must rise above the HA-High indicator and maintain the price, so it must rise above the 3903.61 point, which is the current HA-High indicator point. Have a good time. thank you -------------------------------------------------- - The big picture A 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Split buying range: Around the 12.840-15.866 rangeHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (TradingView LINKUSD 1M Chart) The important zones for the current price position are 13.49 and 24.02. (1W chart) The important area for the current price position is 19.36. (1D chart) The important zones for the current price position are 13.83 and 19.50. Summarizing the important sections above, 1. 13.49-13.83; 2. 19.36-19.50; 3. 24.02 This applies to sections 1-3 above. -------------------------------------------------- - (Binance LINKUSDT 1M Chart) HA-High indicator: 23.976 (1W chart) HA-High indicator: 19.340 HA-Low indicator: 6.698 (1D chart) HA-High indicator: 19.479 HA-Low indicator: 13.795 The HA-Low indicator on the 1D chart is formed at the 13.795 point, so if the price holds above this point, an upward trend is likely. However, in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart, so the price must be maintained by rising above 19.479, which is the current HA-High indicator point on the 1D chart. If the price rises above the HA-High indicator on the 1W chart or the HA-High indicator on the 1M chart and maintains the price, a full-fledged upward trend is expected to begin. Accordingly, looking at the current HA-High indicator position, the last time to buy is when it shows support in the 19.340-23.976 range. In order to buy when supported near the HA-High indicator, you must make a split purchase near the HA-Low indicator. Otherwise, it is not easy to buy near the HA-High indicator. The reason is that the HA-High indicator is an indicator that is formed at the highest point. Therefore, even if you confirm support at the high point, you may not be able to purchase it in the end because you are likely to feel psychologically burdened. Currently, the box section of the HA-Low indicator on the 1D chart is formed over the 12.840-15.866 section. Therefore, you should make split purchases when you see support around the 12.840-15.866 range. The stop loss point for this purchase is when it falls below 12.840 and shows resistance. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Important section: 65233.64-70231.38Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) USDT is expected to gap up. (USDC 1D chart) USDC is also expected to increase its gap. I believe that the rising gap between USDT and USDC is a sign of funds flowing into the coin market. (BTC.D 1M chart) Rising BTC dominance means that funds are being concentrated towards BTC. Therefore, if BTC dominance maintains an upward trend, altcoins are likely to sideways or decline. In particular, if the altcoin rises beyond the 55.01-62.47 range, it is highly likely that the altcoin will see a larger decline, so you need to think about countermeasures against this. (USDT.D 1M chart) A falling USDT dominance means that the coin market is likely to rise. However, you need to check it comprehensively with BTC dominance. Therefore, if USDT dominance shows a downward trend while BTC dominance maintains an upward trend, caution is required when trading altcoins as only BTC may form a rising market. In order for the coin market to show an overall upward trend, - BTC dominance remains below 55.01 or shows a downward trend, - USDT dominance must remain below 4.97 or show a downward trend. -------------------------------------------------- ---- As funds flow into the coin market, altcoins, including BTC, are also showing an upward trend. However, since BTC dominance maintains an upward trend, it is highly likely that altcoins will not be able to keep up with BTC's rise and will gradually move sideways or even decline. (BTCUSDT 1M chart) It appears that it has touched the second section and is trying to rise to the first section. If the price is maintained above the second section, which is the most important section on the 1M chart, it is expected to continue its upward trend. (1W chart) If the price remains above the important upward channel, the upward trend is expected to remain. The HA-High indicator on the 1W chart is formed at 65233.64, so if the price holds above this point, there is a possibility of renewing the previous latest high. However, since the previous latest high is the new high (ATH), caution is required when trading. As this corresponds to the current period of volatility on the 1W chart, we need to check whether the price holds above the important rising channel and above the 56K-61K range until around the week of July 29th. If not, and it falls, there is a possibility that it will ultimately fall to around 42K-43K. Accordingly, it is necessary to check whether support is received around 53256.64 or 44200-47600. If the uptrend is maintained by renewing the previous high point, the target range is expected to be around 1.618 (88913.24). (1D chart) It is currently rising along the formed short-term upward channel. In order to show a full-fledged upward trend, the price must be maintained by rising above the HA-High indicator on the 1D chart. Currently, the HA-High indicator on the 1D chart is formed at 70231.38. Therefore, the area around 69K-70231.38 could be a resistance area. If we interpret this differently, if it shows support around 70231.38, it can be interpreted as the last buying period before a full-fledged uptrend begins. Therefore, in order to buy at the last buying period, you must have bought when it was supported and rising near the HA-Low indicator. If not, there is a possibility that you may feel psychologically uneasy when purchasing around 70231.38. If you buy with psychological anxiety like this, you may proceed with the transaction erratically, so you need to be careful. Fortunately, the HA-High indicator on the 1W chart is currently formed at 65233.64. Accordingly, from a mid- to long-term perspective, the current price position, that is, around 65233.64, corresponds to the last purchase period and thus is the buying period. This period of volatility will be around May 19 (May 18-20). Therefore, we need to see if the price can be maintained above 69K after this period of volatility. If not, and it falls below 65233.64, you should touch the important trend line, i.e. around 62791.03 and see if it rises. The box section of the HA-High indicator on the 1D chart spans 65086.86-72797.99. Therefore, even if the price rises above 70231.38 and maintains the price, there is a possibility of resistance around 72797.99, so caution is required when trading. Currently, the BW indicator appears to have touched the highest point of the overbought range. You can see that the strength of the rise is that strong. However, since the StochRSI indicator has also risen to the overbought range, the key is whether support can be received at the support and resistance points indicated on the current chart. Therefore, support around 66401.82 ~ 1.13 (67031.36) is expected to be an important issue. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next volatility period : around May 19 (May 18-20)Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) USDT and USDC are showing sideways movements. (BTC.D 1M chart) It is still sideways around 53.44-55.01. (USDT.D 1M chart) For the coin market to continue its overall upward trend, USDT dominance must remain below 4.97 or maintain a downward trend. Otherwise, the coin market as a whole is likely to show a downward trend as it rises around the Fibonacci ratio point of 0.618. therefore, - Are USDT or USDC showing a gap upward trend? - Will BTC dominance remain below 55.01 or show a downward trend? - Is USDT dominance maintained below 4.97 or showing a downward trend? You need to check if the above conditions are met. ------------------------------------------------- (BTCUSDT 1M chart) If it receives support near the second section, I think there is a high possibility of a large upward trend. However, since the buying section of this uptrend appears to have taken place over the 16362.29-28923.63 section, I think there is a possibility that it will fall to around 0.382-0.5, that is, around 46K-51K, as indicated by the Gann Box tool. Even in that sense, you can see how important the second section (56K-61K) is. (1W chart) Because we used a Volume Candles chart, the candles are spaced irregularly. The Volume Candles chart is a chart that combines trading volume with candles, allowing you to intuitively know that the thicker the candle, the more trading volume has occurred. Therefore, when looking at the current candle, I think it is difficult to say that enough trading volume has occurred to change the trend. The period of volatility on the 1W chart is expected to span the week before and after April 29th through the week before and after July 29th. At this time, the most important thing is whether the upward trend can be continued along the important upward channel. (1D chart) The key is whether it can find support near 61K and rise along the important uptrend line. The next period of volatility is expected around May 19 (May 18-20), so the question will ultimately be whether the price can be maintained above 61K. The HA-Low indicator is formed at the 62791.03 point, and the box section of the HA-Low indicator is currently formed over the 65500.0-58811.32 range. Therefore, a trend is expected to form when the price breaks out of the box area and remains there. In order for a full-fledged uptrend to begin on the 1D chart, the price must be maintained above the HA-High indicator. Therefore, the current HA-High indicator point is formed at 70231.38, so based on current standards, the price must rise above 70231.38 to maintain the price. Therefore, the final time to buy is when support appears near the HA-High indicator. However, if it rises near the HA-High indicator, you may feel pressured to buy due to psychological fear of decline. Therefore, it is necessary to proceed with aggressive buying when support is shown near the HA-Low indicator. Aggressive buying refers to a proportion that is large enough to not cause significant psychological burden even if the price plummets. However, if it falls below the HA-Low indicator and shows resistance, there is a possibility that the previous low point will be renewed, so you should think about a response plan. The creation of the HA-Low indicator means that a low point has been formed. A low point does not mean it is a bottom. In order to form a bottom section, you can tell that a bottom section has been formed when you confirm support at the low point section. Therefore, the bottom section will only be known after some time has passed. Therefore, if there is a decline in the HA-Low indicator, there is a high possibility of a cascading decline. The buying strategy around the HA-Low indicator is how to purchase whenever there is a cascading decline and how to leave coins (tokens) held for profit. If you buy and hold in this way, you will not feel much pressure to buy when it eventually shows support near the HA-High indicator. When purchasing near the HA-Low indicator, the important thing is to see whether the price is maintained above the HA-Low indicator and the MS-Signal indicator. This will allow you to reduce the number of day trading or short-term trades you do. Have a good time. thank you -------------------------------------------------- - The big picture A 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3
Introducing another way to display volume profile sectionsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- The indicators activated in the settings are those created by trading volume. Therefore, this indicator represents the volume profile section. The indicator that the arrow points to is the indicator I mentioned earlier. By looking at this indicator together with volume candles, you can more clearly identify the volume profile section and support and resistance sections. In addition, you can verify the start of trading by checking the movement of the BW indicator, which consists of five indicators, namely MACD, StochRSI, CCI, PVT, and superTrend indicators. BW-MACD, BW-StochRSI, BW-CCI, BW-PVT, and BW-superTrend indicators are displayed separately to help you understand the indicators. Once your trading timing has been selected, you need to create a trading strategy that suits your investment style. What is important in creating a trading strategy that suits your investment style is the investment period and investment size. Once the investment period and investment size have been decided, you must create a trading method and profit realization method using the information obtained from chart analysis. Trading methods include buying, selling, and stop loss methods. The purchase method should focus on how to lower the average purchase price by purchasing in installments. At that time, when the price falls below the stop loss point and shows resistance, you need to think about how to proceed with selling. When taking a stop loss, you must proceed according to the investment period you have set. For example, if you decide to trade within one wave as a short-term trade and proceed with the trade, but the price falls below the stop loss point, you should be able to sell 100% and then watch the situation. If the price rises after purchasing, you must proceed with selling according to the selling method. The selling method must also be carried out according to the investment period. However, the method of increasing the number of coins (tokens) corresponding to profit by selling the amount equal to the purchase amount can be continued into mid- to long-term trading even if the transaction was done through day trading or short-term trading. The reason is that the average purchase price of coins (tokens) corresponding to profits is 0. If you add other indicators to help you conduct split transactions based on price fluctuations, the chart will look like the one above. If the chart is unfamiliar to your eyes, It is recommended to view only the HA-Low, HA-High indicators and the M-Signal indicators of the 1D, 1W, and 1M charts. Have a good time. thank you -------------------------------------------------- - The big picture A 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Establish a trading strategy that suits your investment styleHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (QIUSDT 1M chart) The key is whether it can receive support and rise around 0.01550-0.01939. If not, it is highly likely that the flow is to create a middle section in the form of a bottom. (1W chart) Since the HA-High indicator is formed at the 0.02464 point, it is highly likely that the price will continue its upward trend if it rises above 0.02464 and maintains the price. However, since a psychological volume profile section has been formed up to the 0.03732 point, a full-fledged upward trend is expected to begin only when it rises above this point. If it falls below 0.01550 and shows resistance, it is likely to fall near the HA-Low indicator. Currently, the HA-Low indicator is formed at 0.00736. However, as the price falls, there is a possibility that a new HA-Low indicator will be created, so support near the HA-Low indicator is important. (1D chart) The HA-Low indicator is formed at 0.01560. Accordingly, the key is whether it can receive support and rise in the important area around 0.01550-0.01939. If the price falls below the HA-Low indicator and shows resistance, there is a high possibility of a cascading decline, so a countermeasure is needed. Since a volume profile section is formed at the 0.0122 point, you need to check whether you can receive support around this area. The HA-High indicator is formed at 0.02715. Since the HA-High indicator on the 1W chart is formed at the 0.02464 point, the 0.02464-0.02715 section is likely to be a resistance zone. If it receives support in the 0.02464-0.02715 range and rises, it is likely that an upward trend will begin. However, since the 0.03549-0.03732 section may again serve as a resistance section, a countermeasure is needed. -------------------------------------------------- ---- To trade by looking at this chart, you need to choose what is most important to you and decide on an appropriate investment period. If the investment period does not suit your investment style, it is better not to trade. The reason is that once you start trading, your psychological influence is likely to have a big impact on your trading. In day trading or short-term trading, it is recommended to buy when support is confirmed in the 0.01550-0.01939 range and sell around 0.02464-0.02715, the first split selling range. At this time, you must decide whether to sell 100% and receive a cash profit, or whether to sell the purchase principal amount and leave the number of coins (tokens) corresponding to the profit. For medium to long term trading, I don't think it's time to trade yet. The reason is that, as mentioned earlier, if it falls below 0.01550-0.01939, there is a high possibility of creating an intermediate section in the form of a bottom. Therefore, it is recommended to proceed with a split purchase when support appears near the HA-Low indicator of the 1M chart or the HA-Low indicator of the 1W chart. Therefore, it is most important to create a trading strategy that suits your investment style. 1. Investment period 2. Investment size 3. Trading method and profit realization method You need to create a trading strategy based on 1-3 above. Numbers 1 and 2 are to determine the investment period and investment size according to your investment style, so you can make your decision by analyzing charts and checking other coin ecosystems. Number 3 is to decide on the detailed trading method when you decide to trade, so you must select the buying, selling, and stop-loss method and decide how to realize profits accordingly. It is useful when conducting mid- to long-term transactions to reserve the number of coins (tokens) corresponding to profit rather than 100% selling. This is because the purchase price of the coin (token) corresponding to profit is 0. Have a good time. thank you -------------------------------------------------- - The big picture A 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
STOP Overtrading with these easy stepsDo you ever get caught in the whirlwind of overtrading? You’re taking a ton of trades because you’re bored, to make up for losses, for the sake of trading and to maybe feel productive. It’s like Netflix really. You’re watching your favorite TV series; before you know it, you’ve devoured the whole season in one sitting. Time lost and you get deep withdrawal symptoms. Well, you need to seriously stop overtrading. It’s one of the BAD habits that you can find yourself repeating. And over time, it will lead to a ton of losses, a blown account and you looking for the “next” best thing. Let’s get into it. Recognize when you’re overtrading and then simply – STOP! TO put it blunt. Overtrading refers to the excessive buying and selling of financial markets that are often driven by emotional decision-making rather than a strategic approach. This leads to low returns and increased risk. First off, it’s crucial to recognize when you’re overtrading. There are a couple of times when you could find yourself overtrading: Chasing losses This is where you try to recover from a losing streak by getting into more lower probability trades. The gamblers overconfidence The opposite can happen. You might feel invincible and the king of the trading world, after a series of successful trades. And this could get you to take on more trades, without proper analysis. And it could lead to you losing all your wins for the day. Market FOMO (Fear of Missing Out) You might see a NEWS event come out. Your buddy might have taken an enticing trade. Or you just feel there is more profits you believe you can take off the table. And so, you jumping into more trades due to the fear of missing a profit opportunity. Boredom Fever Your trader and time is passing and, you are getting bored. In fact, you’re probably feeling unproductive just seeing on your hands. And so you get into other positions to pass time or for the excitement. And you disregard, your sound market analysis. Attempting to meet unrealistic profit goals Most traders have a maximum loss per day, before they stop trading. The dangerous players try to have a minimum goal of a % win they want to achieve per day. This is dangerous. And this can lead to overtrading and more loss taking. Peer pressure Like I said, you might hear from a buddy who’s taking trades. You might hear from some economist or analyst who’s diving in. And you’ll feel peer pressure if they get you to the point to follow them. You have your own strategy, system and risk management analysis. You don’t need anything else! Got it? Top of Form So what do you do when you feel the sense of overtrading? Here are some ideas. How to stop overtrading with easy steps Take a break It’s like stepping away from a heated argument to cool off. It helps clear your head. Pick your best times and days to trade Not all hours are created equal. Know the market rhythms and dance to the beat that suits you best. Keep to your plan only Your trading plan is your roadmap. If your plan is to follow a mentor – so be it. If your plan is to follow your own strategy – Go for it. If your plan is to intraday trade, day trade, position trade or core trade – Just follow it. Don’t venture off into uncharted territory. Quality over quantity Focus on making a few high-quality trades rather than a bunch of haphazard ones. Think of it as choosing a super healthy meal over a fast-food binge. Engage in other activities Go enjoy other aspects of life. Trading isn’t EVERYTHING. Go for a walk. Play with your dog or cat. Do other business. Distract yourself with hobbies or exercise when you feel the urge to overtrade. You’ll thank yourself for not taking any unnecessary trades. Because you won’t set that dangerous precedent, which can continue at a later stage. Final words: Overtrading is doing exactly that. Taking too many trades without following your sound principles, strategy and analyses. This can lead to taking low probability trades, increasing your losses and destroying your mechanical mindset and trading strategy. Let’s sum up WHAT causes you to over trade. Chasing losses: The gamblers overconfidence: Market FOMO (Fear of Missing Out) Boredom fever Attempting to meet unrealistic profit goals Peer pressure And we covered ways to STOP overtrading by things like: Take a break Pick your best times and days to trade Keep to your plan only Quality over quantity Engage in other activities Now you know what to do to STOP OVERTRADING. Go and don’t do it!
JSE:J200Education
by Timonrosso
Intuitive chart: Volume Candles chartHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (Candles chart and Volume Candles chart) Usually, you see price and volume displayed separately on the chart. Displaying it this way has the advantage of showing the overall flow, but since it must be viewed separately, it may be difficult to interpret when a quick judgment is required. In order to trade based on movements in real time, you need to be able to quickly interpret charts. Therefore, I think it is best to check charts intuitively. TradingView Charts finally supports Volume Chandles charts. We combined trading volume with price movements to make it more intuitive and faster to check. When trading volume is high, the candles appear thick, and when trading volume is low, the candles appear thin. (Volume Candles chart) If you add indicators to your chart, you will notice that support and resistance points are more clearly visible. Starting tomorrow, we will set it up according to the Volume Candles chart and publish it. Have a good time. thank you --------------------------------------------------
Education
by readCrypto