Maeuknam's a mid- to long-term perspective

2023年9月28日

OPINION: From a mid- to long-term perspective, it is expected to decline after one rebound increase. Therefore, I think it is advantageous to enter the long position by having a good profit/loss ratio in that green circle section and anticipating RSI divergence

NOTE: If the red STOP LOSS LINE is breached, I think it will fall quickly, so be mindful of the response and enter the position

• Green circle: When to buy and why
  
• Yellow dotted line: Mid- to long-term chart progress
  
• Blue, red arrows: profit/loss ratio
  
• White Line: RSI DIVERGENCE
  

2023年9月29日

注释

Based on the long-term perspective I posted last time, I will tell you the short-term perspective and trading plan.
It has a view that it will fall to 0.618 point of Fibonacci after the ending diagonal, and then rise again. So here's my trading plan. Stop loss is based on the previous high.

*White Line: Ending Diagonal
*Yellow line: abc corrective wave
*Blue Line: A Mid-to-Long-Term Perspective
*Red Circle: Good Place to Enter Selling Position Based on Mid-to-Long-Term Perspectives
*Green Circle: A good place to switch based on a mid- to long-term perspective

2023年9月29日

注释

Actual trading history and feedback

At that time, in terms of the five-minute chart, I slightly climbed the previous high point, which was the stop line, and then fell, so I entered the selling position additionally.

The reason why I entered the show is because, in terms of the 30-minute chart
This is because the appearance of rsidivergence was expected and the profit and loss ratio was good.

It kept going up unexpectedly, so I cut it off and switched to long. The rationale for the switch to Long, when I looked at the Ethereum chart, I thought it would rise after the correction wave.

However, it also fell unexpectedly, so it quickly responded with a stop loss.

Although the result ended trading with a loss but in my experience it was a position I was confident of 85% winning rate, so if I turn back time I will trade the same.

2023年9月29日

注释

Bitcoin is currently on its fourth wave. I expect there will be five waves soon. If all five waves come out, my trading plan is as follows.

❇️The long position entry and its basis

1. Supported by VOLUME PROFILE when the 5th wave is completed
2. On the 5-minute chart, rsi-divergence
3. Return rise after impulse 5 wave

we'll enter the long position, and when we reach the Fibonacci 0.382 section, we'll take a TAKE PROFIT, and we plan to switch to short based on the five waves of the previous impulse drop.
Then, based on the mid-term perspective mentioned earlier, we plan to switch to a long position and later to a short position again.

2023年9月29日

注释

I expect rebounding to 0.5 or 0.618 of the Fibonacci, and then fall, but if it does not exceed 0.382, a sharp drop is expected, so let's keep in mind and trade.