Bitcoin (BTC) - October 8

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(BTCUSDTPERP 1D Chart)
- If it rises above 20794.4, the main position is 'LONG'.

- The 19424.9-20794.4 section is a quick response section.

- If it falls below 19424.9, the main position is 'SHORT'.

It is rebounding after touching the HA-Low indicator with volatility around October 6th.

Looking at the SR_R_C indicator, all of the Stoch RSI, RSI, and CCI indicators entered the oversold section in section A, and only the Stoch RSI and CCI indicators entered the overbought section in sections B and C.

So, the key is to keep the price above 19424.9 and move above the uptrend line (1) and above 20122.5 with volatility around October 12th.

If resistance is found near the 19424.9 area, there is a possibility that it will move towards the 18374.1 area.

To sustain the uptrend, the price must remain above the HA-High indicator.

In this uptrend (i.e. above the HA-Low indicator of 19355.6), the big high (resistance section) is the 20794.4-21826.1 section.

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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.

So, whether it rises or falls from its current position, both require a short-term response.

A full-fledged uptrend is expected to begin when it rises above 29K.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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注释

(BTCUSDTPERP 1h Chart)

It fell below 120EMA and rebounded after touching the critical area of 19424.9.

So, for the now rebound to turn into an uptrend, the price must rise above 19802.9 to hold the price.

If not, we expect it to fall again to around 19424.9.

If it falls below the uptrend line (1) and below 19355.6 and finds resistance, I think the uptrend is over.

注释

(Explanation based on 1D chart)

In order to turn into an uptrend, it must rise above the HA-Low indicator and above the MS-Signal indicator.

In order to continue the uptrend, it must rise above the HA-High indicator and above the MS-Signal indicator.

If you look closely at the chart, you can see that the HA-Low horizontal line is longer than the HA-High horizontal line during an uptrend.

Conversely, in a downtrend, the HA-High horizon is longer than the HA-Low horizon.

Therefore, a short-term trend can be an uptrend or a downtrend based on whether it is above or below the MS-Signal indicator.

From a swing perspective, correlation with HA-Low and HA-High indicators can determine whether an upward trend is an upward trend or a downward trend.

With these trends, it is virtually impossible to create a trading strategy.

The reason is that most of the line segments following the trend are oblique lines.

This is because if you trade while looking at the diagonal trend line, it is highly likely that you will wait a little longer or decide too quickly depending on the price movement.

Therefore, a horizontal line, i.e., support and resistance points, is essential for trading.

Even if you select the wrong support and resistance points, you can minimize your losses with a trading strategy, so you should keep trying to create a trading strategy at the support and resistance points you have selected.

It is important to keep in mind that trading strategies are not created to make big profits, but to minimize losses.

There are several ways to create support and resistance points.

However, it must be a point of support and resistance that you have created yourself.

Otherwise, when price volatility occurs, it is possible to trade erratically by not trusting the support and resistance points.

There are a number of indicators on my chart that indicate support and resistance points.

Indicators of these support and resistance points are included in the MRHAB-T indicator.

These indicators are made with the formulas of famous indicators, so I think they are reliable.

And, above all, it is an objective point.

Indicators or chart tools with a selection point among the indicators may show different results depending on how the selection point is specified.

Therefore, a lot of effort is required to select a selection point.

The same goes for the Fibonacci ratio.

However, no matter how you select the support and resistance points, if you create your own support and resistance points and create a trading strategy at those points, you can trust the support and resistance points and trading strategies and conduct stable trades even when price volatility occurs. Most likely.

The win or loss of a trade is determined by how you can make your mental state stable.

Any analysis or any trading strategy, all of these are important in stabilizing your state of mind.

When the psychological state is stable in this way, it will be possible to continue trading without being shaken by price volatility.

It's not a good idea to spend a lot of time analyzing.

As we are people who want to make money from trading, we need to invest our time in crafting trading strategies rather than analyzing them.

Therefore, difficult analysis techniques are oriented, and in an easy and convenient way, the analysis must be completed quickly and time invested in creating a trading strategy.

If you are exposed to too much information, you will look at the charts with subjective thoughts, which can lead to trading strategies in the wrong direction.

Therefore, it is recommended to analyze the chart first and then access the information.