Important volume profile section: 0.5941

398

Hello, traders.

If you "Follow", you can always get new information quickly.
Please click "Boost".
Have a nice day today.

-------------------------------------

(ADAUSDT.P 1M chart)
snapshot
Important volume profile section is formed in the 0.4346-0.5941 section.

Accordingly, the key is whether it can receive support and rise near 0.5941.

-
(1W chart)
snapshot
Currently, the BW(100) point is formed at the 0.6818 point, so the point to watch is whether it can rise above 0.6818.

To do this, we need to see if it can be supported near 0.5941
1st: 0.6206
2nd: 0.6818
and rise to the 1st and 2nd ranges above.

Since the HA-HIgh indicator and the BW(100) indicator indicate the high point range, if it breaks through this indicator upward and receives support, it is highly likely to renew the high point.

If it fails to rise, it may fall until it meets the HA-Low indicator or the BW(0) indicator, so we need to think about a countermeasure for this.

-
(1D chart)
snapshot
If it is supported near 0.6818 and rises, you should set the target point at around 0.9242 and think about a countermeasure for it.

snapshot
If it falls below 0.5941, you need to check if the BW(100) line is created.

If the BW(100) line is created, it is likely to lead to an additional decline, so you need to think about a countermeasure for it.

For now, if it falls below 0.5693, I think there could be a sharp decline, so you need to prepare a countermeasure for it.

-
Have a good time.
Thank you.

--------------------------------------------------

- ​​Big picture
snapshot
It is expected that a full-scale uptrend will begin when it rises above 29K.

The next expected range to touch is 81K-95K.

#BTCUSD 12M
snapshot
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
snapshot
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

-----------------
Note
#ADAUSDT.P
snapshot
It is forming a bearish candle on the 1D chart.

On the 1h chart, it is showing a downward trend from the BW(100) point (0.6395) to the BW(50) point (0.5736) and is supported.

Accordingly, a split purchase is possible at the 0.5736 point.

However, the best point to buy is when it is supported by the BW(0) or HA-Low indicator.

Therefore, when buying near BW(50), it is recommended to divide the investment weight and purchase near the BW(0) or HA-Low indicator.

-
snapshot
On September 28, it showed a downward trend as the BW(100) line was created on the 1D chart.

At this time, if you look at the 1h chart, the BW(100) line and BW(0) line were created and showed an additional decline.

In other words, if it falls below the BW(0) line, it can lead to an additional decline.

Therefore, if it falls below the BW(0) line, you need to sell.

If you look closely at the 1h chart, if it fails to break through the MS-Signal indicator, it shows a downward trend, so you can use this to trade.

-
snapshot
To solve this problem, you can choose a method to respond when you meet the BW(100) and BW(0) indicators on the 1D chart.

-
However, since the current upward trend is in progress, even if the BW(100) line appears on the 1D chart, it is highly likely that the BW(0) line will not be created, so I think you have no choice but to trade based on the movements of the 1D and 1h charts.

Then, when the BW(100) line appears on the 1D chart, you need to sell in installments to secure profits.
Note
If you trade futures, you can trade at any time, whether it is a rising or falling market.

However, in the case of spot trading, there is virtually no reason to do it in a rising market.

The reason is that if you buy more in spot trading, the average purchase price will rise, which increases the possibility of incurring a loss.

If you do not trade at all, it will eventually fall near your average purchase price, so you will eventually have to sell in installments.

Therefore, after selling in installments, you should focus on finding the right time to buy more and think about how to buy.

Since it is a rising market, if you buy again the amount you sold in installments, the average purchase price will rise sharply, and you will eventually have to sell.

Therefore, I think it is better to buy more than 50% of the amount you sold in installments.

-
The most important thing in spot trading is when you sell the total purchase amount.

Since the remaining quantity is sold in the total purchase amount and the average purchase price is 0, it has nothing to do with the average purchase price shown by the exchange.

From this point on, trading becomes free.

What we ultimately pursue in spot trading is to increase the number of coins (tokens) with an average purchase price of 0.

This is because, as long as the coin (token) is not delisted, it will always be in a profitable state.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.