If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day.
-------------------------------------
(XRPBTC chart)
In order to trade, you must select support and resistance points and proceed with the appropriate trading method.
To do this, we work hard to analyze charts and apply them to trading.
However, because of a one-time transaction made out of greed, there are often cases where the more you proceed with the transaction, the more you end up trading in the wrong direction.
The only way to correct these wrong transactions is to sell 100%.
It doesn't matter what criteria you use to select support and resistance points.
As long as you can select reliable support and resistance points, you will meet the essential requirements for trading through chart analysis.
For the rest, you can trade according to your investment style and trading strategy.
Even if everything goes perfectly as planned, it's not easy to survive market volatility.
Accordingly, we have no choice but to proceed with split sales in order to respond appropriately to market volatility.
In order to proceed with trading like this, you must have support and resistance points and know how to create a trading strategy appropriate for them.
This is because trading in the form of buying at a point that someone told you and selling at a point that someone told you is ultimately very likely to result in a big loss because you do not have your own investment style or trading strategy.
Any indicator that shows support and resistance is fine.
However, you just need to check the indicator in real time at any time to ensure the reliability of the indicator.
The most important indicator on my chart is the MS-Signal indicator.
This is because the trend is determined by which side holds the price based on the MS-Signal indicator.
However, it is not easy to select support and resistance points using the MS-Signal indicator.
Because it is made up of curves.
So, we added several indicators to select support and resistance points.
As a result, it was possible to proceed with trading by checking whether support or resistance was received at support and resistance points with the MS-Signal indicator.
However, the problem was that its importance in playing the role of support and resistance was not that great.
Therefore, these support and resistance points are used as split selling points after purchasing.
So, the HA-Low and HA-High indicators were created to find the starting and ending points of trading.
So far, only the HA-Low and HA-High indicators have been explained.
I have not provided any explanation on how to create a trading strategy using this.
Today, I would like to explain how to use this to create a trading strategy.
HA-Low and HA-High indicators are not intended for chart analysis.
It is an indicator created purely for the purpose of trading.
Therefore, when the price touches these two indicators, it means that you are ready to proceed with the transaction.
Therefore, you can start or end a trade depending on whether you receive support or resistance from these two indicators.
The HA-Low indicator marks a point.
Therefore, if it falls below the HA-Low indicator, there is a high possibility that the previous low will be renewed.
Therefore, buying at the HA-Low indicator means purchasing or selling farming, that is, making a mid- to long-term investment.
You may think that mid- to long-term investing means buying at a very low price and selling when the price rises to its peak, but this is not the case.
The core of mid- to long-term investment is an investment method that seeks to obtain large profits with a small investment amount by controlling the investment proportion.
If you mistakenly thought that this was a transaction where you buy with all your investment money at a very low price and wait until the price rises, you must change your thinking.
If you look at the chart above, you can see a section where the HA-Low indicator has been touched but continues to decline.
If you observe this closely, you can see that when it falls below the MS-Signal indicator and the MS-Signal indicator shows a downward sign, or when it falls without support from the HA-High indicator and falls, it leads to a further decline.
Let me tell you something else here.
In other words, I would like to talk about “I don’t know whether I am supported or resisted.”
Knowing whether you are receiving support or resistance is a know-how that can be acquired through day trading.
Therefore, in order to know whether you are receiving support or resistance, you must acquire your own know-how through day trading.
Unless I change my mindset that I don't do day trading because I'm not good at day trading, I will always be dissatisfied with the average purchase price and proceed with trading.
There are separate times for day trading.
That time is now.
The period of day trading is included in the series of processes that occur in order for companies or people operating large funds to sell their coins (tokens) in the process of realizing profits.
After this day trading period, the coin market will experience great volatility and a full-fledged upward trend will begin, so if you do not practice day trading during the current period, it will take a long time until this cycle returns. You have to wait a period of time.
Therefore, during day trading, it is necessary to put aside your greed and make constant efforts to earn even a small profit with a small amount of money.
Once you can tell to some extent whether you are receiving support or resistance at the support and resistance points, proceed with buying at the HA-Low and HA-High indicators.
However, since buying at the HA-Low indicator is a farming transaction, that is, a purchase conducted for the purpose of mid- to long-term investment, the purchase must be made aggressively, that is, with a small proportion of the investment amount.
Therefore, since the purchase was made with a small proportion of the investment, it is useful to use day trading or short-term trading to increase the number of coins corresponding to the profit by selling the amount purchased.
If you continue to trade in this way, you will touch the HA-High indicator.
The HA-High indicator is a surge indicator, that is, an indicator that signals a full-fledged upward trend.
Therefore, being supported by the HA-High indicator means that there is a high possibility of a large increase, so you should proceed with the purchase by increasing the proportion of your investment.
However, in order to surge, there is a possibility of up and down fluctuations, so efforts are needed to overcome this.
If you made an aggressive purchase using the HA-Low indicator mentioned earlier and purchased for the purpose of mid- to long-term investment, you can achieve psychological stability because the average purchase price is likely to be located at a lower price than the current price even if you purchased under the HA-High indicator. There will be.
In addition, you can stabilize your psychological state because you can make a profit by selling what you bought at the HA-Low indicator near the HA-High indicator.
I talked about something else for a moment earlier, but I'm going to talk about something else here again.
The other topic this time is “How can I make my psychological state stable?” I'd like to talk about this.
You can find out to some extent whether your psychological state is unstable or stable by checking whether you are sticking to the trading strategy you had in mind when you first made the purchase, i.e., weight control, split selling method, target point, etc.
There is essentially no psychological disturbance before starting to buy.
Therefore, before purchasing, you can plan your trading strategy from a third party's perspective.
However, psychological agitation begins as soon as you start buying, and the psychological agitation increases due to price volatility.
Therefore, in order to prevent such psychological disturbance, selling in installments is absolutely necessary.
The timing of split sales must be changed as the transaction progresses to suit price volatility.
Therefore, what you need to think about before proceeding with the purchase is the proportion of investment, the section to proceed with the purchase, the first sale section, and the stop-loss section before starting trading.
As you can infer from what I mentioned earlier, the section to purchase is around the HA-Low and HA-High indicators.
If you purchase at the HA-Low indicator, the first selling section will be around the HA-High indicator.
If you make a purchase at the HA-High indicator, if the HA-High indicator also rises as the price rises, the area around the HA-High indicator that you meet next will be the first selling section.
It is recommended to set a stop loss point when you have recorded a loss that you can personally handle.
You need to be careful because selling when you are losing too much can increase the psychological agitation mentioned above, which can have a negative impact on your next transaction.
Considering this, let's take the stop loss points on the HA-Low and HA-High indicators as an example.
There are virtually no support or resistance points below the HA-Low indicator.
If you are using an indicator that shows other support and resistance points, you can set the stop loss zone by referring to the support and resistance points.
However, it is not easy to set up if only the MS-Signal, HA-Low, and HA-High indicators are set.
Therefore, when purchasing at the HA-Low indicator, controlling the proportion of investment is very important.
This is because it is most effective to reduce the burden of stop loss by controlling the proportion of purchases.
Usually, it is recommended to stop loss when the price falls below the opening price on the day you started buying.
That way, you can buy at the HA-Low indicator, which would have risen above the HA-Low indicator again the next day. Otherwise, the timing of the purchase will keep changing, which can act as a factor in increasing the average purchase price.
The HA-Low indicator is likely to be formed below the MS-Signal indicator.
Therefore, rather than buying near the HA-Low indicator to reduce the burden of stop loss, it is also useful to buy when the MS-Signal indicator shows the price maintaining.
In such cases, the HA-Low indicator becomes the stop loss point.
To start an uptrend, the price must be above the MS-Signal indicator, and the MS-Signal indicator must be indicating an uptrend.
Therefore, you can understand these characteristics well and proceed with purchasing near the MS-Signal indicator.
I mentioned earlier that because the MS-Signal indicator is a curve, it is not easy to select support and resistance points.
To compensate for this, we have made it possible to check the M-Signal indicators of the 1D, 1W, and 1M charts on low time frame charts.
You can use this to check whether there is support or resistance on the low time frame chart and proceed with the purchase.
Looking at the current BTCUSD 1D chart, the HA-Low indicator is rising and forming at the current price position.
Therefore, we can see that we have entered a period in which we can proceed with transactions by creating transactions in line with what we have discussed so far.
Whether you buy when there is support near the HA-Low indicator or when the MS-Signal indicator switches to a bullish sign depends on your own investment style and trading strategy.
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Note
(BTCUSDT 1D chart) If you look at the current BTC chart with the concept of “receiving support” explained above, you can see that it is currently unknown whether it is receiving support or resistance.
These criteria can vary depending on which support and resistance points are referenced.
The support and resistance range shown on the current chart is 26101.77-26189.99.
If you look at the section indicated by the arrow, you can see that it is "receiving resistance" based on the 26101.77-26189.99 section.
However, it rose after that and showed a candle penetrating the 26101.77-26189.99 range, so it can be seen that it has lost direction.
Therefore, when the candle on September 9th closed without touching the 26101.77-26189.99 range, I think we can look at the candle on September 10th and say, “There is support or resistance.”
Therefore, in order to check support and resistance, you need to check movements for at least 1-3 days.
In addition, it cannot be said that the decline has begun because the candle has not yet closed by falling below the low of the candle that made a sharp decline.
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.