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The meaning of this volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- If you look at the overall flow, you can see that the highs and lows are getting lower. Therefore, we can say that this wave has an important meaning. - However, what do you feel when you look at the current situation? Don't you think it will go up soon? Since the StochRSI indicator is showing an upward turn from the oversold zone, it feels like an upward wave will come out if it gets support near the current zone (61099.25-61759.99). However, if it shows resistance near 61099.25, you will think that a downward wave will come out soon. If you proceed with a transaction in advance at this time, it may only increase psychological anxiety due to the fluctuation range, so you need to be careful. - In order for an upward trend to start, the price must rise above 64748.70-65920.71 and maintain it, - In order for a downward trend to start, the price must fall below 56204.13 and maintain it. Therefore, the current section, 61099.2-61759.99, can be seen as the middle section of the section where an upward and downward wave begins. - We have one reference information for starting a transaction. That is the BW indicator. This is because when the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), it can be judged as a signal that it is time to start a transaction. Then, you can refer to the movements of the three auxiliary indicators, StochRSI, DMI, and OBV indicators to determine the trading time. I will say this again, in order to talk about auxiliary indicators, the support and resistance points drawn on the 1M, 1W, and 1D charts must exist near the price position. If there are no support and resistance points drawn on the 1M, 1W, and 1D charts, it is better not to proceed with the trade. Otherwise, if you start trading, it is highly likely that you will not be able to respond properly due to the fluctuations as the trade progresses. - Currently, OBV is located at the 1.0 point. This means that it is located between the middle point of the box section and the upper point of the box section. Therefore, it also means that it is in a position where it can rise at any time. However, since other auxiliary indicators (StochRSI, DMI) are not yet showing an upward trend, it is burdensome to start trading. - Since the OBV of the 1M, 1W charts are showing a convergence, it seems likely that the direction in which it moves in the current section will determine the future trend. Therefore, we need to check what kind of movement it shows after this volatility period (up to October 4-11). - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
USOIL Price Analysis: Double Bottom Breakout Targets $78.37🛢️ USOIL Price Analysis: Double Bottom Breakout Targets $78.37 and $83.67 USOIL (WTI Crude Oil) shows a bullish reversal pattern on the D1 timeframe , with a double bottom breakout signaling potential upward movement. Traders are eyeing key targets, with the first at $78.37 and the second at $83.67 . Here's a breakdown of the setup: 🔍 What is a Double Bottom Pattern? A double bottom is a bullish reversal pattern that forms after a downtrend. In this pattern, the price hits a support level twice and bounces back. This suggests that sellers have been exhausted, and buyers are stepping in to increase prices. The breakout occurs when the price closes above the peak between the two lows, confirming the pattern. 🚀 Key Price Targets for USOIL With the double bottom confirmed, here are the following potential price targets: 1. First Target – $78.37: After the breakout, the immediate upside target is $78.37 . This level is based on a measured move from the bottom of the pattern to the breakout point, giving traders their first profit-taking zone. 2. Second Target – $83.67: Should the bullish momentum continue, the next target to watch is $83.67 , where further resistance is expected. A move toward this level would signify a more extended upward trend in USOIL. ⛔ Stop Loss – $66.23 To manage risk, traders should consider placing a stop loss at $66.23 . This level is below the pattern's low, where a breakdown would invalidate the bullish outlook and potentially trigger further downside. 📊 Factors Influencing USOIL Several factors could affect the success of the breakout: Global Supply and Demand: Changes in OPEC policies, US shale production, and geopolitical tensions can significantly impact oil prices. Economic Growth: A robust global economy often increases oil demand, increasing prices. USD Strength: Since oil is traded in US dollars, a stronger dollar can put downward pressure on oil prices, while a weaker dollar may support further gains. 🛠 Trading Strategy For traders looking to capitalize on this breakout, consider the following: Entry Point: After the breakout, buying near the current price with targets of $78.37 and $83.67 could provide a favorable risk/reward ratio. Risk Management: Place your stop loss at $66.23 to protect against unexpected market reversals. 💡 Conclusion The double bottom breakout on the D1 timeframe suggests that USOIL is poised for a potential rally towards $78.37 and $83.67 , with a protective stop at $66.23 . To navigate this opportunity effectively, traders should stay vigilant of key market factors and global developments. 🔔 Stay tuned for more updates on USOIL and other fundamental market movements.
FX:USOILLong
by amzadlak
NOTHING !!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern. previous Analysis ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
BTCUSD : Why BITCOIN Remains Bullish and Its Next Potential MoveI still haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break out of this triangle sharply and reached above $66,500. However, after that, we faced a short-term correction that reduced the price to around $60,000. Now, the price can increase strongly, break the head and shoulders pattern, and eventually reach the top of the megaphone. important patterns: Butterfly Pattern, Megaphone Pattern, Head and Shoulders . ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
Support range: 61099.25-61759.99 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- As the volatility period began, the movement in the opposite direction as expected occurred. Even if it rises, it was expected to be around 61759.99, but it has risen more. Accordingly, the key is whether it can receive support around 61099.25-61759.99. This volatility period is expected to be around October 5-10 (up to October 4-11). - Since it has risen above 61759.99, you need to check if the StochRSI indicator rises in the oversold zone or switches to a state where StochRSI > StochRSI EMA. If not, if you buy first, you are likely to feel psychologically uneasy. Therefore, if it continues to rise, it is recommended to check if it is supported near 62856.30. If you want to buy when the BW indicator or StochRSI indicator does not meet the purchase timing conditions, it is recommended to approach it with scalping or day trading. Important support and resistance zones are marked with circles, so you should respond depending on how these zones are broken. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
7 Ways to Optimize Your Trading Strategy Like a ProYou’ve got a trading strategy—great. But if you think that’s where the work ends, think again. A good strategy is like a sports car: It’s fast, fun, and dangerous… unless you keep it tuned and under control. And given how volatile modern trading is, yesterday’s strategy can quickly become tomorrow’s account-drainer. So, how do you keep your trading strategy sharp and in profit mode? Let’s dive into seven ways to fine-tune your setup like a pro. 1️⃣ Backtest Like Your Profits Depend on It (Spoiler: They Do) Before you let your strategy loose in the wild, backtest it against historical data. It’s not enough to say, “This looks good.” Run the numbers. Find out how it performs over different time frames, market conditions, and asset classes — stocks , crypto , forex , and more. If you’re not backtesting, you run the risk of trading blind — use the sea of charting tools and instruments around here, slap them on previous price action and see how they do. 💡 Pro Tip : Make sure to backtest with realistic conditions. Don’t cheat with perfect hindsight—markets aren’t that kind. 2️⃣ Optimize for Risk, Not Just Reward Everyone gets starry-eyed over profits, but the best traders obsess over risk management. Adjust your strategy to keep risk in check. Ask yourself: How much are you willing to lose per trade? What’s your win-loss ratio? A strategy that promises massive returns but ignores risk is more like a ticking time bomb than a way to pull in long-term profits. 💡 Pro Tip : Use a risk-reward ratio of at least 2:1. It’s simple: risk $1 to make $2, and you’ve got a buffer against losses. Want to go big? Use 5:1 or why not even 15:1? Learn all about it in our Asymmetric Risk Reward Idea. 3️⃣ Diversify Your Strategy Across Markets If you’re only trading one asset or market, you’re asking for trouble (sooner or later). Markets move in cycles, and your strategy might crush it in one but flop in another. Spread your strategy across different markets to smooth out the rough patches. 💡 Pro Tip : Don’t confuse this with over-trading. You’re diversifying, not chasing every pop. 4️⃣ Fine-Tune Your Time Frames Your strategy might be solid on the 1-hour chart but struggle on the 5-minute or daily. Different time frames bring different opportunities and risks. Test your strategy across multiple time frames to see where it shines and where it stumbles. 💡 Pro Tip : Day traders? Shorten those time frames. Swing traders? Stretch ’em out. Find the sweet spot that aligns with your trading style. 5️⃣ Stay Agile with Market Conditions No strategy is perfect for every market condition. What works in a trending market could blow up in a range-bound one. Optimize your strategy to adapt to volatility, volume, and trend shifts. Pay attention to news events , central bank meetings, and earnings reports — they can flip the script fast. 💡 Pro Tip : Learn to identify when your strategy isn’t working and take a step back. Not every day is a trading day. 6️⃣ Incorporate Multiple Indicators (But Don’t Go Overboard) More indicators = more profits, right? Wrong. It’s easy to fall into the trap of loading up your charts with a dozen indicators until you’re drowning in lines and signals. Keep it simple — combine 3 to 5 complementary indicators that confirm your strategy’s signals, and ditch the rest. 💡 Pro Tip : Use one indicator for trend confirmation and another for entry/exit timing. 7️⃣ Keep Tweaking, But Don’t Blow Out of Proportion Here’s the rub: There’s a fine line between optimization and over-optimization. Adjusting your strategy too much based on past data can lead to overfitting — your strategy works perfectly on historical data but crashes in live markets. Keep tweaking, but always test those tweaks in live conditions to make sure they hold up. 💡 Pro Tip : Keep a trading journal to track your tweaks. If you don’t track it, you won’t know what’s working and what’s not. Get familiar with the attributes of a successful trading plan with one of our top-performing Ideas: What’s in a Trading Plan? 💎 Bonus: Never Stop Learning The market’s constantly changing and your strategy needs to change with it. Keep studying, keep testing, and keep learning. The moment you think you’ve mastered the market is the moment it humbles you. Optimizing a trading strategy isn’t a one-and-done deal—it’s an ongoing process. By fine-tuning, testing, and staying flexible, you can keep your strategy sharp, profitable, and ahead of the curve. Optimize smart, trade smart!
SP:SPXEducation
by TradingView
7
Example of Conditions for Starting Trading Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I will publish in advance due to an external schedule tomorrow. Accordingly, I will take time to provide additional explanations on the ideas published today. ---------------------------------------- I will talk about the basis for indicating the direction of progress shown in the chart above. In order to differentiate from other people's analyses, I am trying to explain the basis for indicating the support and resistance points or sections on the chart. I think that if you understand why those points and sections were set, you will eventually be able to understand them without having to read the explanation all the way through. For this, more support and resistance points are needed. This is because we can select the volatility period by additionally drawing the trend line. However, since all of these processes are displayed on the chart, there are many complaints that the chart is messy and confusing, so we are trying to reduce them as much as possible. Therefore, there are cases where the chart is displayed in two versions. The chart below is a chart that shows many support and resistance points and draws a trend line to select the volatility period. Therefore, since the support and resistance points may be displayed differently, it is recommended that you refer to the points or sections that I have written. - The conditions for starting a transaction are simpler than they look. However, when these conditions are met, the support and resistance points drawn on the 1M, 1W, and 1D charts must be displayed. Therefore, even if the conditions for starting a transaction are met, if the support and resistance points are not displayed at the corresponding price, you cannot start a transaction. Please read this carefully and thank you. - (It would be good to see this as an example of how to find the conditions that fit you and how to utilize them.) Conditions for starting a transaction are 1. Buying time conditions - When the StochRSI indicator rises in the oversold range and maintains the state of StochRSI > StochRSI EMA - When the BW indicator forms a horizontal line at the lowest point (0) - When the OBV indicator rises below the 0 point - When the DMI indicator rises below the 0 point 2. Selling time conditions - When the StochRSI indicator falls in the overbought range and maintains the state of StochRSI < StochRSI EMA - When the BW indicator forms a horizontal line at the highest point (100) - When the OBV indicator falls above the 0 point - When the DMI indicator falls above the 0 point When the above conditions are met, check whether there is support at the support and resistance points drawn near the price. Confirmation is used to proceed with the transaction. The current price position is 60672.0-61099.25. Therefore, you can proceed with the transaction depending on whether there is support in this section. Since it is currently falling below 60672.0, there is nothing you can do in spot trading other than cutting losses. In futures trading, you can enter with a sell (SHORT) position. - It is rare for all the conditions for starting a transaction mentioned above to be met. Therefore, it is recommended to basically check whether the BW indicator forms a horizontal line at the lowest point (0) or highest point (100), and then proceed with the transaction by checking the movement of the StochRSI indicator. Also, it is recommended to select a split sell section to make a profit by calculating the fluctuation range while checking the strength of the rise or fall with OBV and DMI. - In summary of the above, Since the StochRSI indicator has not yet risen from the oversold zone and StochRSI < StochRSI EMA, it is recommended to check whether a reversal is occurring. Also, you should check whether the BW indicator has fallen to the lowest point (0) and formed a horizontal line. If the OBV and DMI indicators rise below the 0 point without meeting these conditions, you should proceed with an aggressive purchase (a transaction that requires a quick response similar to scalping or day trading). If you do not proceed with an aggressive purchase, you should wait. - It is not a good idea to enter a current sell (SHORT) position in futures trading. However, if you proceed with an aggressive transaction (scalping or day trading), you can start trading. The reason why it is not a good condition for trading is because the price is located in the 1. purchase timing condition section among the conditions for starting a transaction mentioned above. Therefore, the profit is small or you may even suffer a loss. - If you are not currently trading, I think the section where you should trade is when it rises around 61K. Before that, it is highly likely that you will not be able to purchase because it seems like it will fall further. I think this point, or the section where you actually trade, is the psychological volume profile section. This psychological volume profile section is the section where psychology applies that you must trade even now. Since this point is ultimately a low or high point, it is a section where you are likely to incur losses if you purchase. The 61K section that I mentioned earlier is a section where it is highly likely to be a low point, so it is a section where you are likely to incur losses if you cut your loss or enter a sell (SHORT) position. - If it shows resistance near 60672.0, there is a possibility that a sharp decline will occur momentarily and touch 59K and then rise. This phenomenon can be a fake or a sweep movement, so you need to be careful. In order to avoid losses from this phenomenon, auxiliary indicators are necessary. Since auxiliary indicators are lagging, they are unlikely to show large movements in sudden price fluctuations. - What I am talking about is not a method of chart analysis, but an example of how to set a standard for trading. Therefore, I hope you do not misunderstand the above as about chart analysis. Since chart analysis and trading are different, what you see on the chart is also different. In order to complement this difference, what is needed is the support and resistance points drawn on the 1M, 1W, and 1D charts. Since charts without support and resistance points are likely to be for chart analysis, there is no need to try to find a trading point on these charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Next Volatility Period: Around October 5th - 10th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The BW indicator is currently leveling off near the midpoint (50). Therefore, I think it is not suitable to trade around 60672.0-61099.25. If you want to trade around 60672.0-61099.25 depending on the support, you will need a short and quick response. - When the BW indicator is leveling off at the lowest point (0) or highest point (100), a BW line is created on the price chart. I think you can trade more stably by using this BW line as a support and resistance point. Therefore, you can wait until the next BW line is created or check whether it is supported when touching the previous BW line (61759.99) and then trade. At this time, the StochRSI indicator is also worth looking at. Since the StochRSI indicator creates waves in any case, I think it is an indicator worth referring to when trading. Therefore, - If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a time to buy, - If the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a time to sell. However, you should be aware that since you cannot know the size of the fluctuation range, you may see little profit or even a loss. To prevent this, you need the support and resistance points drawn on the 1M, 1W, and 1D charts. Based on these support and resistance points, you should proceed with the transaction depending on whether the movement mentioned above is supported or not. Then, since you can calculate the approximate fluctuation range, it will be a reference for deciding whether to proceed with the transaction. Accordingly, if you display the rise and fall range based on the 60672.0-61099.25 section, it will be as shown in the chart above. - When a new candle is created, - Whether it will definitely enter the oversold section - Whether there is a change in the slope of the StochRSI indicator - Whether the StochRSI EMA falls below the midpoint (50) You should check whether the above is satisfied and create a response strategy according to the next movement. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
How to Trade Gap Up and Gap Down Opening? Full Guide What is gap up and gap down in trading? In this article, I will teach you how to trade gap up and gap down opening . You will learn a simple and profitable gap trading strategy that works perfectly on Forex, Gold or any other financial market. First, let's start with a theory . A gap up after the market opening is the situation when the market opens higher than it was closed without any trading activity in between. Above you can see the example a gap up after the market opening on EURGBP. The price level where the market closed is called gap opening level. The price level where the market opened is galled gap closing level. A gap down after the market opening is the situation when the market opens lower than it was closed without trading activity in between. Here is the example of a gap down after the market opening on WTI Crude Oil. Why such gaps occur? There are various reasons why opening gaps occur. One of the most common one is the release of positive or negative news while the market was closed. The market opening price will reflect the impact of such news, causing a formation of the gap. What gap opening means? Gap openings reflect the sudden change in the market sentiment. Gap up will indicate a very bullish sentiment on the market while a gap down will imply very bearish mood of the market participants. However, the markets do not like the gaps. With a very high probability, the gaps are always filled by the market very soon. We say that the gap is filled, when the price returns to the gap opening level. Above, you can see that after some time, EURGBP successfully closed the gap - returned to gap opening level. Such a pattern is very reliable and consistent among different financial markets. For that reason, it can provide profitable trading opportunities for us. You can see that a gap down on WTI Crude Oil was quickly filled and the price returned to the gap opening level. How to trade gap opening? Gap Up Trading Strategy Once you spotted a gap up after the market opening, you should wait for a bearish signal before you sell. You should look for a sign of strength of the sellers. One of the most accurate signals is a formation of a bearish price action pattern: Double top, Triple top, Inverted Cup and Handle, Head and Shoulders, Symmetrical or Descending Triangle, Rising Wedge... Bearish breakout of a trend line / neckline of the pattern will be your signal to sell. Look at a price action on EURGBP before it filled the gap. At some moment, the price formed a double top pattern and broke its neckline. That is our signal to sell. Your stop loss should lie above the highs of the pattern. Take profit - gap opening level. Safest entry is on a retest of a broken neckline/trend line of the pattern. Safest entry point on EURGBP is the retest of a broken neckline of a double top pattern. Stop is lying above its highs. TP - gap opening level. Gap Down Trading Strategy Once you spotted a gap down after the market opening, you should wait for a bullish signal before you sell. You should look for a sign of strength of the buyers. One of the most accurate signals is a formation of a bullish price action pattern: Double bottom, Triple bottom, Cup and Handle, Inverted Head and Shoulders, Symmetrical or Ascending Triangle, Rising Wedge... Bullish breakout of a trend line / neckline of the pattern will be your signal to buy . Let's study the price action on WTI Crude Oil before it filled the gap. You can see that the price formed a cup and handle pattern. Bullish breakout of its neckline is a strong bullish signal. Safest entry is on a retest of a broken neckline/trend line of the pattern. Your stop loss should lie above the lows of the pattern. Take profit - gap opening level. Following this strategy, a nice profit was made. Always remember that probabilities that the gap will be filled are very high. However, it is not clear WHEN exactly it will happen. For that reason, you should carefully analyze a price action and wait for a signal, before you open the trade. That will be your best gap opening trading strategy. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
10
Box range: 109.63-113.62 ~ 123.90-130.04 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) A gap has formed in the 109.63-113.62 range. Therefore, I think it is possible to fall to around 109.63. Since the StochRSI indicator is showing signs of entering the oversold range, I think the area around 109.63-113.62 shows that it is an important support and resistance area. - (1W chart) I think the M-Signal indicator on the 1W chart is passing through the 109.63-113.62 range, proving that this range is an important support and resistance range. If it falls below 109.63, we should check for support near the M-Signal indicator on the 1M chart or near the HA-Low indicator on the newly created 1W chart. - The M-Signal indicator on the 1M chart is currently passing through the 83.13 range, - and the HA-Low indicator on the 1W chart is at the 12.77 point. Therefore, as the price falls, it is expected that the area near the M-Signal indicator on the 1M chart will become an important support and resistance range. - (1D chart) The point of interest is in which direction it deviates from the 109.63-113.62 section ~ 123.90-130.04 section. Currently, the HA-Low and HA-High indicators on the 1W and 1D charts are quite far apart. Therefore, if it falls below 109.63, the HA-Low indicator on the 1W and 1D charts is expected to rise and be newly created. The creation of the HA-Low indicator means that a low section has been formed. Therefore, if the HA-Low indicator is created this time, it is expected that a movement to create a new wave will begin. - If it falls from the HA-High indicator, it is likely to touch the HA-Low indicator. The creation of the HA-High indicator means that a high section has been formed. Therefore, in order for a full-scale uptrend to begin, the price must remain above the HA-High indicator. Therefore, when a full-scale uptrend begins, the HA-High indicator will show a stepwise uptrend. - Have a nice time. Thank you. --------------------------------------------------
NASDAQ:NVDA
by readCrypto
Support zone: 16.02-17.52 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BITO 1M chart) As a spot ETF chart, the HA-Low indicator is formed at the 16.02 point. Therefore, the key is whether it can receive support near or above 16.02 and rise above 19.50. It seems that StochRSI will enter the oversold zone and the slope will change. Accordingly, the area around 16.02 is expected to be an important support and resistance zone. - (1W chart) The point where the BW indicator of the 1W chart forms a horizontal line from the lowest point (0) is around 19.50. Therefore, I think that it is likely to turn into an uptrend if it rises above 19.50 and is supported. Since the M-Signal of the 1W and 1M charts is passing above 19.50, I think it supports the fact that it is an important point. - (1D chart) The BW line of the 1D chart is created at the 19.13 point. Therefore, the key is whether it can be supported near 17.52, the HA-Low indicator point of the 1D chart, and rise above 19.50. If not, you should check if it can be supported around 16.02. If it shows support in the HA-Low (16.02) of the 1M chart ~ HA-Low (17.52) of the 1D chart, it is a time to buy. The reason is that the HA-Low indicator has been created, which means that a low point has been formed. - If it falls below 16.02, it is expected to rise around 13.79 or higher. - Based on the current price position, - In order to turn into a short-term uptrend, it must rise above 19.50, - In order to turn into a medium- to long-term uptrend, it is expected to rise above 25.19. - In order for a full-fledged uptrend to begin, the price must rise above the HA-High indicators of the 1D, 1W, and 1M charts and maintain the price. Currently, the HA-High indicator of the 1D chart is created at 32.12. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
AMEX:BITO
by readCrypto
The key is whether there is support near the M-Signal on the 1W Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) It has entered the 2nd section (56K-61K) again. The key is whether it can receive support near the 2nd section. - (1D chart) The key is whether it can receive support near 60672.0-61099.25 and rise above 61759.99. When a new candle is created around 60672.0-61099.25, it is necessary to check whether StochRSI enters the oversold zone. If it has entered the oversold zone, it seems likely to receive support near 59053.55 and turn upward. If not, it is likely to continue to decline further. - The volatility period is around October 5-10 (maximum October 4-11). Therefore, the point of observation is whether it falls below 56150.01-56950.56 or rises above 66676.87-68249.88 after passing this volatility period. --------------------------------------- (BTCUSDT.P 1h chart) As it fell below 5EMA on the 1D chart, HA-Low on the 1h chart was newly created. However, it is showing a downward trend without being supported by HA-Low. It is currently below 5EMA and M-Sigal on the 1D chart, and is located near M-Signal on the 1W chart. Accordingly, based on the 60651.2-61149.5 section, - Check for support near 5EMA or M-Signal indicator on the 1D chart when rising - When falling 1st: 59409.3 2nd: 56975.0 Check for support near the 1st and 2nd above You can create a trading strategy like the above. If it rises above 61149.5, there is a possibility that HA-Low on the 1h chart will be created again. At this time, whether HA-Low is supported is important. - Currently, the point where the HA-High indicator on the 1D chart was created is 64716.7, so it is expected that the upward trend will continue if it rises above this point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC can Reach $125k If It Manages to Break this ... !!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern. previous Analysis Bitcoin - Time to buy again! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
Bitcoin - Time to buy again!I still stand by my opinion and haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break this triangle strongly and rose to above $66,500. However, we are now facing a short-term correction that could bring the price down to around $62,000. The price could drop to the indicated support area and then powerfully bounce back up, breaking the head and shoulders pattern, and finally reach the megaphone top. important patterns: Butterfly Pattern, Megaphone Pattern, Head and Shoulders . I can’t believe how quickly time has passed. Let’s take a look at my analysis from 2020 (good old days) and ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
9
Before the new month beginsHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) There is now one day left until a new candle is created. The current StochRSI indicator is rising below the midpoint (50). We need to check what the StochRSI indicator will look like when a new candle is created. I have marked three sections as important support and resistance sections on the 1M chart. If it falls below the second section, it is likely to turn into a downtrend, and the strong support section at this time is the third section. - (1W chart) The next volatility period is the week around October 7th. So, September 30th - October 13th. The important sections on the 1W chart are 69648.14, 65920.71, 61099.25, and the M-Signal on the 1M chart. The StochRSI indicator has risen above the midpoint (50). Therefore, it is necessary to check whether it will enter the overbought zone when a new candle is created. Since the BW line is currently formed at 69648.14, it is important to check whether there is support near this point. If it goes up a bit more, there is a possibility that a new BW line will be created, so if a new BW line is created, we need to check whether there is support near it. - (1D chart) Among the volatility periods mentioned in the 1W chart, it is expected that full-blown volatility will likely occur between October 5th and 10th. What is important to watch as this volatility period passes is whether it can fall below 56150.01 or rise above 66676.87-68249.88. - It is currently located near the HA-High indicator on the 1W chart. As I mentioned in the previous idea as an update, the StochRSI EMA indicator has never touched the 100 point. Therefore, there is a very high possibility that the StochRSI indicator will be reset somehow. Therefore, it is an important point to watch how the StochRSI indicator is initialized. Since it is overheated, even if it shows a slight decline, the StochRSI indicator shows a downward trend. In this movement, buying because the price is rising will make your psychological state unstable. Therefore, it is necessary to check whether it can be supported at the lower point of the HA-HIgh indicator box (65441.08) ~ 65920.71. If it falls without support, 1st: 64179.08 2nd: 61099.25 You should check whether it is supported at the 1st and 2nd points above. When the StochRSI indicator falls in the overbought zone, there are cases where it immediately shows a downward trend and cases where it does not. Currently, it seems that volatility is likely to occur when the StochRSI indicator is located near the midpoint (50). At this time, I think it is important to know where it is supported. - If it rises above 65920.71, 1st: 67614.25 2nd: 69648.14 We need to check whether it is supported near the 1st and 2nd above. However, depending on whether the StochRSI indicator is initialized, there is a possibility that the upward trend will continue while creating a new wave, so we need to watch the situation. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
My personal interpretation of the Volume Footprint chart Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I signed up for an expensive plan on TradingView, but I think there are some parts of the chart that I can't use properly. I think the Volume Footprint chart is a chart that can be used when you sign up for a premium plan. (I may be wrong, so please check.) I think it's because I'm used to the old way, so I feel resistant to new things, and the explanation is difficult to read. In order to solve that problem a little, I'd like to explain how to interpret the chart using only the core interpretation methods. Since my explanation may be different from the creator's intention, I strongly recommend that you read the creator's explanation. Volume Footprint Chart Description: www.tradingview.com ---------------------------------------- I think you should pay attention to and interpret the part indicated above. I think the section marked as VAL, VAH is the section that is mainly traded. Therefore, I think that depending on which direction it deviates from this section, it will affect the future flow. Therefore, - If it rises near or above VAH, it is likely to show an upward trend, - If it falls near or below VAL, it is likely to show a downward trend. - The next thing to look at is the column indicated next to each volume. (The part that the arrow points to) - The column in the Sell Volume section indicates that it is a section with strong selling pressure, - The column in the Buy Volume section indicates that it is a section with strong buying pressure. (The creator explains that this is the part that is indicated by the imbalance of volume.) Anyway, since there is a high possibility of a rebound or reversal in the part where this column is indicated, I think it can be a tradable section depending on whether it receives support or resistance in this part. - The Delta section shows the difference between Sell Volume and Buy Volume. ----------------------------------------------------------- The time frame charts that are good for viewing the volume footprint chart are 1s, 1m, 15m, 1h, and 1D charts, so I recommend viewing them with the corresponding time frame charts. If it deviates from the VAL, VAH area near 1, 1-1 and 2, 2-1 shown on the chart, a trend is formed, so you should check whether it deviates from this section. If it does not deviate, it can be interpreted that there is a high possibility of sideways movement. - Therefore, 1. Is it located near VAL, VAH? 2. Is there a section where columns are created next to Sell Volume, Buy Volume? I think this chart allows you to detect the trading volume, that is, the movement of buyers and sellers, with the above two things. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
StochRSI EMA has never touched 100Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" too. Have a nice day today. ------------------------------------- Looking at past movements, there were cases where the current movement was shown near the peak of the uptrend. In any case, when the StochRSI EMA rose to around 99 or above and then started to fall, the StochRSI indicator was reset after the additional rise occurred in most cases. There were two cases where the StochRSI indicator did not reset after rising to the overbought zone and then rose to the overbought zone again. In other words, if the StochRSI indicator did not reset and touched the overbought zone twice, you can see that the reset has mostly occurred. If the current decline continues, it is likely to fall because it will become a double top. The reason why it is so obsessed with this is because the StochRSI EMA has never touched the highest point (100) so far. - Therefore, looking at the current position, the important support and resistance zone is the 65920.71-67614.25 zone, so it is expected that the StochRSI indicator will be reset as it receives resistance and falls in this zone. At this time, it is expected that the support near the 63118.62-64000.0 zone will be the key. This is because the M-Signal indicator on the 1D and 1W charts is expected to rise to this area. - If it falls further, the 60672.0-61099.25 zone is expected to be a strong support zone. The 61099.25 point is the HA-High indicator point on the 1M chart, so it is important to check whether it is supported. - The next important support and resistance area is around the M-Signal indicator on the 1M chart. Currently, the M-Signal indicator on the 1M chart is rising around 52.1K. Therefore, if there is a movement as I mentioned earlier, the M-Signal indicator on the 1M chart is expected to rise around 56K. - There are fewer cases of a sharp downtrend immediately following a strong overheating of StochRSI than expected. Therefore, it is expected that there will be time to respond depending on whether there is support around the area I mentioned above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BNB trying to reset the indicatorHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator is showing signs of falling below 50 even though it has not fallen much. In order for the StochRSI indicator to be reset, it must touch the oversold zone. When the StochRSI indicator is reset and rises in the oversold zone and becomes StochRSI > StochRSI EMA, it is expected to create an upward wave if it receives support and resistance points on the 1M, 1W, and 1D charts drawn on the chart. The point of view is how BTC will reset the StochRSI indicator. - Important support and resistance zones - 578.4-595.0 - 496.0-498.3 The two zones above are important support and resistance zones. - If it falls below 595.0, the M-Signal indicator on the 1D chart is rising near 578.4, so you should check whether it can be supported and rise near this area. Therefore, the key point is where the StochRSI indicator enters the oversold zone or the BW indicator touches the lowest point (0). - If it rises from 595.0, 1st: 606.7 2nd: 664.3 You should respond depending on whether there is 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 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The difference between buying on the chart and actual buyingHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- #ETHUSDT When ETH looks good to buy, it will rise near the section the finger is pointing to. That's because if you wait any longer, you will feel like you've missed it. However, the section we should buy is the section the arrow is pointing to. The best position among these is when it goes beyond the section the arrow is pointing to after September 17. The reason is that the DMI and OBV rose near the BW line and HA-Low. Currently, OBV has risen above the High Line, but since DMI is at 0, I think it would be better to wait until DMI shows an upward trend. If you couldn't wait and were going to buy, you should have bought it at the time when you should have bought it before. - The BW line has been created again near the current price. Therefore, when it rises above the BW line and shows support, it is the time to buy. However, since it was created at the highest point (100) of the created BW line, it is recommended to check whether it is supported even if it rises. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Overheated state of all timeHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The current situation is showing an overheated state of all time. Accordingly, there seems to be a possibility of a sharp change in the StochRSI indicator. Since it touched the expected rising range, there is a possibility that a price adjustment will begin to lead to an additional rise. If it falls below 63118.62-64000.0, 1st: M-Signal on the 1D chart (current location 61759.99) 2nd: 59053.55 You should check for support near the 1st and 2nd above. If the upward trend continues and rises to the 65920.71-67614.25 range, there is a possibility that the StochRSI indicator will show a reversal phenomenon, but I don't think that will happen because I don't think that has happened so far. In other words, there is no phenomenon of divergence in the indicator due to excessive upward trend. - The StochRSI indicator was reset after February 18, but the price drop was not large. I think that in order for the current overheated state to lead to additional rise, it should show at least the same movement as after February 18. - When you think that it might go up without doing anything, it is a high point and I think it is a good choice to watch the situation a little more. --------------------------------------------- DMI is displayed as a line, and OBV is displayed as a column. DMI is easy to interpret, but OBV can be a bit difficult. The reason is that OBV is displayed by dividing it into 4 sections. 1. Above High Line: Dark Orange (#e65100) 2. Mid Line ~ High Line: Orange (#ff9800) 3. Low Line ~ Mid Line: Aqua (#00bcd4) 4. Below Low Line: Blue (#2962ff) The above 4 sections are divided and the rise and fall are indicated based on the 0 point. What you should pay attention to here is the state of DMI when each section is crossed. This is because there may be a change in trend when OBV exceeds the range when DMI rises and falls based on the 0 point. (In other words, the trend change occurs and DMI and OBV change, but I explained it the other way around for easier understanding.) Accordingly, if we interpret the current state, it shows a strong upward trend. - DMI is maintaining an upward trend above 0 point - OBV is above the high line: a dark orange (#e65100) range has occurred - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Things to check when trading altcoinsHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think it's good to check the upward turn on the Renko chart to trade altcoins. Therefore, in the short term, if the price is maintained above 4.9, it can be interpreted that there is a high possibility of an upward trend. Accordingly, I think it's good to trade from a short-term trading perspective in the current upward trend. - (NEARUSDT 1D chart) Usually, coins (tokens) that are currently thought to have risen are likely to have already touched the HA-Low indicator and risen. Therefore, the StochRSI indicator will mostly be in the overbought zone. In this situation, if you feel like you have to buy now, you should be able to wait for that time to be the peak. When the bottom zone, low zone, and rise are formed, it is more likely to create a 'W' pattern (double bottom pattern) or higher than the 'V'-shaped uptrend and rise. Therefore, in order to gain additional upward momentum, it is essential to create a pull back pattern and rise. Therefore, if you want to buy now, it is recommended to confirm that a pull back pattern is created and enter. On the NEARUSDT chart, the M-Signal indicator of the 1D and 1W charts is passing around 4.675, so if a pull back pattern is created, I think that this area is likely to become the bottom zone. Therefore, you should check how the StochRSI indicator is initialized, and when it is initialized, check whether there is support at the support and resistance points at that point and proceed with the transaction. When rising 1st: 5.947 2nd: 7.008-7.369 You need to check for support near the 1st and 2nd above. Among these, the section that can be converted to a mid- to long-term transaction is the 2nd section. - When purchasing, you need to make an effort to make the lowest average price possible by conducting a split transaction. Otherwise, if you try to solve everything with a single purchase, you need to be able to wait as much as possible and be decisive. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section that is expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
Next Volatility Period: Around October 11Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It is showing sideways movement around 63118.62-64000.0. Therefore, if it breaks out of this area, - 65920.71-67614.25 when up - 60672.0-61099.25 when down You should check for support around the above area. The StochRSI EMA is almost approaching the 100 point. Accordingly, the possibility of volatility is increasing. As I mentioned in the previous idea, I think we can predict the future trend depending on how the initialization of this StochRSI indicator proceeds. - (BTCUSDT.P 1h chart) The section that the finger is pointing to is the section that fell below the 5EMA of the 1D chart, then touched the HA-Low indicator and rose. When it fell below the 5EMA of the 1D chart this time, we need to check whether it touches the HA-Low indicator and rises. The M-Signal indicator of the 1D and 1W charts is passing through the 60651.2-61149.2 section, so the key is whether it is supported around this area when falling. When rising 1st: 65922.3 2nd: 67612.8-68215.5 You need to check whether there is support near the 1st and 2nd above. - It is not easy to know whether it will rise or fall right now. However, you can predict the next support or resistance section depending on how it breaks through the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart. Therefore, I think it is a good idea to trade with a response strategy for rising and falling from the current position. For this, you need to have your own trading strategy established. ----------------------------------------- (USDT.D 1D chart) USDT dominance is showing a decline in an important section. Therefore, we need to watch whether it can fall after receiving resistance near the M-Signal indicator on the 1W, 1M chart. I think that in order for the coin market to show an upward trend, the USDT dominance must show a downward trend. Therefore, it is expected that we will be able to know whether the coin market can start an upward trend depending on whether the USDT dominance falls below 4.97 and is maintained or shows a downward trend. -------------------------------------- The purpose of adding DMI and OBV is to find out the strength of the trend. The final formula was changed accordingly. Based on the 0 point, - If it rises above 0, it means that the upward force is strong. - If it falls below 0, it means that the downward force is strong. The important thing to note here is when it touches the 2 or -2 point. At this time, you can proceed with a transaction by checking the movement of the BW indicator and StochRSI indicator. The trading time should be conducted depending on whether there is support at the support and resistance points drawn on the chart. It is recommended to use the movement of the indicator only as a basis for judging whether it is supported at the support and resistance points. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3