Trading strategy is determination and waiting
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BW(100) indicator and HA-High indicator show the high point range.
In other words, the fact that the BW(100) indicator and HA-High indicator were created means that it has fallen from the high point range.
Therefore, the range made up of the BW(100) indicator and the HA-High indicator is called the high boundary zone.
When it falls in this range, you can sell (SHORT), but it is not easy to enter the actual sell (SHORT) position.
Therefore, in order to reduce this difficulty, the box range was set and displayed based on the HA-High indicator.
Therefore, when it falls below the 2.9660 point and shows resistance, it is possible to enter a sell (SHORT) position for the last time.
In that sense, it can be said that entry was possible today.
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Currently, the StochRSI indicator is showing a pattern of rising in the oversold zone and then failing to continue the upward trend and falling again.
This means that the decline is strong.
However, when the StochRSI indicator falls again to the oversold zone and then rises, it is highly likely to show a large increase depending on where it is supported.
In that sense, if it shows support in the second zone of 2.5127-2.6031, it is highly likely to show a large increase.
If not, there is a possibility of meeting the M-Signal indicator on the 1W chart.
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(30m chart)
For a trend change, you can see where it is based on the MS-Signal indicator.
However, you need to check whether the trend is sustainable at the support and resistance points.
In other words, it is currently showing signs of rising above the MS-Signal indicator.
If it continues to rise like this, in order to continue the upward trend, it must rise above the M-Signal indicator and 5EMA+StErr indicator on the 1D chart to maintain the price.
If not, it will fall again.
Therefore, you need to buy (LONG) when it is supported near the HA-Low indicator and BW(0) indicator, and liquidate when it is resisted near the MS-Signal indicator.
If you continue trading like that, if the MS-Signal indicator rises higher and the price is maintained, you can check for support near the M-Signal indicator and 5EMA+StErr indicator on the 1D chart and respond.
Therefore, when looking at the 30m chart, it may be advantageous to trade with a buy (LONG) position.
Then, when you meet the HA-High indicator or BW (100) indicator, you trade with a sell (SHORT) position.
If you had previously traded with a sell (SHORT) position on the HA-High indicator or BW (100) indicator on the 30m chart, it would have been the best choice.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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