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(BTCUSDT 1D chart) The M-Signal indicator on the 1D, 1W chart is formed in the 64748.70-65920.71 zone.
Therefore, if the price is maintained above this zone, there is a high possibility that a stepwise uptrend will begin.
Therefore, the point to watch is whether it rises along the trend line (1) and maintains the price above 68393.48 after around November 4th.
If it rises above that, you should check for support near 71280.01.
- The StochRSI indicator has currently entered the overbought zone.
The rise to the overbought zone means that the upward trend is strong.
Therefore, you should be careful when trading because there is a possibility that the upward trend will continue until it falls from the overbought zone.
However, if the slope of the StochRSI indicator becomes gentle, the possibility of a downward turn increases, so you should think about a response plan for the decline.
When this movement is shown, you should check if there are support and resistance points drawn on the 1M, 1W, and 1D charts, and if so, whether they are supported or resisted at those points.
If you do not have support and resistance points drawn by yourself, there is no need to draw additional support and resistance points and create a response strategy.
The reason is that additional support and resistance points or various chart tools drawn after the start of trading are likely to reflect your own psychological state.
Then, there is a high possibility that it will be drawn according to the price volatility, so there is a high possibility that you will conduct the transaction incorrectly.
It is important to start trading right now and make a profit, but I think it is most important to conduct the transaction according to the trading strategy that you originally planned.
- If your psychological state has become unstable due to the price volatility, you need to make an effort to make your psychological state as stable as possible by selling in installments.
If you do not, and continue to maintain an unstable state, you may end up suffering a large loss at one time, so you need to be careful.
- How the StochRSI indicator is initialized, that is, whether it touches the oversold zone, is a point of observation to check the movement of the StochRSI indicator.
Since the BW indicator fell from the highest point (100) on March 13, it has not touched the highest point (100) yet.
This can be considered evidence that the upward strength is not strong.
This time, the BW indicator will touch the highest point (100), so it is a point to watch whether the trend will change.
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
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注释
#NAS100USD
As it shows a downward trend, the HA-High indicator is trying to create a new point at 20212.7.
Therefore, if the HA-High indicator is created, the key is whether there is support near it.
If not, you should check whether there is support near 19582.6-19823.6.
The StochRSI indicator appears to have fallen from the overbought zone.
Accordingly, the point of interest is how the StochRSI indicator touches the oversold zone.
The volatility zones of the StochRSI indicator are:
1. When falling from the overbought zone
2. When located near the midpoint (50)
3. When rising from the oversold zone
There is a possibility of volatility occurring in the above three zones.
Therefore, when the StochRSI indicator moves in the above 3 sections, we need to look at what kind of movement it shows near the support and resistance points drawn on the 1M, 1W and 1D charts.
注释
It is recommended to start trading around the BW (0), HA-Low, BW (100), and HA-High indicators depending on whether there is support.
Since the Mid (50) line corresponds to the trend reversal line, it is better to think of it as a split trading point rather than starting a trade.
The biggest reason for using the HA-Low, HA-High indicators is because they display the box section.
The HA-Low, HA-High indicators were created for trading on the Heikin Ashi candle chart.
However, the HA-Low, HA-High indicators alone were insufficient, so the box section was created.
Therefore, in terms of large waves, the box section becomes the buy and sell section.
No matter what time frame chart you trade on,
- If you bought (LONG) near BW (0), HA-Low, liquidate at BW (100), HA-High
- If you sold (SHORT) near BW (100), HA-High, liquidate at BW (100), HA-High
The above is the basic trading method.
If you continue to look at the chart above, you will be able to set up a trading method that suits you.
注释
While trading, there will be a section where you want to make a breakout trade like the chart above.
However, even when you actually try to make a breakout trade, you wonder if the support and resistance points for the breakout trade are properly set, and you think that it will fall even if it pretends to rise, so you hesitate to try.
The longer you hesitate, the higher the purchase price will be, and eventually, you will often fail to make a breakout trade.
Therefore, it is important to trust the support and resistance points you draw on the 1M, 1W, and 1D charts.
And, you should think about how you will make the trade in advance.
In other words, you should think about the method of buying, selling, and cutting your loss in advance.
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In order to make a trade, if you mark the support and resistance points on the 1M and 1W charts, you will be able to see which point or section should be supported or rise.
Looking at the currently drawn support and resistance points, we can see that the last breakout trading period is when it rises above the 604.6 point.
Therefore, the 571.7-604.6 range is the buying range.
Since the StochRSI indicator is currently showing a movement to create a double top, we can see that even if it rises, it will not rise much and will likely fall.
Therefore, we can say that now is the time to wait.
注释
The important thing in the bottom-making format is not to renew the low when moving sideways.
If the low continues to be renewed, it is better to think that it is being neglected in the market and wait until it rises.
Currently, DOT is likely to have created the middle part of the bottom section.
Therefore, if a sudden plunge occurs one day, that may be the time to proceed with a purchase.
Since all patterns are known after the pattern is completed, the point at which a purchase is likely to proceed will be when it rises above 6.425.
注释
USDC appears to have gapped up.
However, it appears to still be in a downtrend, so we need to see if it will continue to gap up in the future.
The point of interest is whether it can be maintained above 26.153B.
注释
#BTCUSDT.P 1D
I want to sell (SHORT), but it seems that the conditions are not met yet.
Although the StochRSI indicator is approaching the highest point (100) of the overbought zone, it feels like it will fall soon.
If the BW (100) line shows signs of being created, I will decide when to trade to sell (SHORT), but this also seems to need more time to rise.
In that case, it would be nice to see resistance near the M-Signal indicator on the 1D, 1W charts, but the price is still maintaining 64716.8-65922.3, so this is also not satisfactory.
If the BW indicator also shows an upward trend when it rises to around 68447.9, I will liquidate the previous purchase (LONG) around 68447.9 and wait and see.
The reason is that the downtrend line (2) passes around 68447.9.
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It would be nice to make a big profit by entering a sell (SHORT) at the highest point, but in reality, it is difficult to start trading at the highest point and it can be psychologically stressful, so I will proceed with the transaction when the basis for the trend change is satisfied.
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I think it is important to organize these thoughts and create and modify a response plan that suits you to create a trading method that suits you.
Even if the transaction fails, I think that by proceeding with the transaction according to these thoughts, you will be able to grasp the concept of a trading strategy that suits you when you try to proceed with the transaction in the future.
In that sense, I hope you will read the above content.