The long sideways are coming to an end
Updated
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(BTCUSDT 1D chart)
We are going to show how the HA-High indicator created on July 5th, starting on April 17th, is changing due to this movement.
Accordingly, the HA-High indicator is expected to move from the 30495.92 point to the 34389.02 point.
Therefore, among the 34110.32-34786.17 range, it is expected that whether it receives support or resistance around 34389.02 will be an important factor.
If the HA-High indicator is supported and rises, it is likely to renew the previous best high.
As the volatility period passed around November 2-8 (maximum November 1-9), it became important to maintain the price in which direction it deviated from the 34110.32-34786.17 range.
On the other hand, if it meets resistance at the HA-High indicator and falls, it is highly likely that it will basically fall near the HA-Low indicator.
Currently, the HA-Low indicator point is located at 26151.99, but if the price falls, it is highly likely that a new HA-Low indicator will be created.
Therefore, at that time, whether or not it is supported by the HA-Low indicator becomes an important issue.
If such a move is made near the MS-Signal indicator, there is a possibility of creating a pull back pattern because the reliability is high.
(1W chart)
Fluctuations in the HA-High indicator are also expected in the 1W chart.
As you can see from the formula of the published indicator (HA-MS), the HA-High indicator is a combination of the Hikinashi and RSI indicators.
Therefore, because the RSI indicator entered the overbought zone due to this rise, there is a high possibility that the HA-High indicator will fall and be created once it leaves the overbought zone.
As of April 19, 2021, the HA-High indicator, which was created on November 15, 2021, has fallen, increasing the possibility of its creation.
As explained in the 1D chart, large fluctuations in the trend are likely to occur depending on whether support or resistance is received in the HA-High indicator, so changes in the HA-High indicator on the 1W chart can be said to be very meaningful.
When a new HA-High indicator is created, whether it is created above or below the current price will play an important role in forming support and resistance zones.
On the 1D chart, the position where the HA-High indicator is intended to be created is located below the current price, so it is in the support range, so you should think that there is a higher possibility of an increase and think about a countermeasure.
However, you must also think about countermeasures in case of a decline.
This rise can be seen as a signal that the long sideways trend is coming to an end.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** 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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT 1D chart)
We are going to show how the HA-High indicator created on July 5th, starting on April 17th, is changing due to this movement.
Accordingly, the HA-High indicator is expected to move from the 30495.92 point to the 34389.02 point.
Therefore, among the 34110.32-34786.17 range, it is expected that whether it receives support or resistance around 34389.02 will be an important factor.
If the HA-High indicator is supported and rises, it is likely to renew the previous best high.
As the volatility period passed around November 2-8 (maximum November 1-9), it became important to maintain the price in which direction it deviated from the 34110.32-34786.17 range.
On the other hand, if it meets resistance at the HA-High indicator and falls, it is highly likely that it will basically fall near the HA-Low indicator.
Currently, the HA-Low indicator point is located at 26151.99, but if the price falls, it is highly likely that a new HA-Low indicator will be created.
Therefore, at that time, whether or not it is supported by the HA-Low indicator becomes an important issue.
If such a move is made near the MS-Signal indicator, there is a possibility of creating a pull back pattern because the reliability is high.
(1W chart)
Fluctuations in the HA-High indicator are also expected in the 1W chart.
As you can see from the formula of the published indicator (HA-MS), the HA-High indicator is a combination of the Hikinashi and RSI indicators.
Therefore, because the RSI indicator entered the overbought zone due to this rise, there is a high possibility that the HA-High indicator will fall and be created once it leaves the overbought zone.
As of April 19, 2021, the HA-High indicator, which was created on November 15, 2021, has fallen, increasing the possibility of its creation.
As explained in the 1D chart, large fluctuations in the trend are likely to occur depending on whether support or resistance is received in the HA-High indicator, so changes in the HA-High indicator on the 1W chart can be said to be very meaningful.
When a new HA-High indicator is created, whether it is created above or below the current price will play an important role in forming support and resistance zones.
On the 1D chart, the position where the HA-High indicator is intended to be created is located below the current price, so it is in the support range, so you should think that there is a higher possibility of an increase and think about a countermeasure.
However, you must also think about countermeasures in case of a decline.
This rise can be seen as a signal that the long sideways trend is coming to an end.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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
It is time to think about what we should do in this movement of BTC.If you see a movement such as a pull back pattern or confirmation of the bottom before rapid volatility occurs, you will have a buying opportunity.
If not, and it rises immediately, you need a trading strategy to profit from previously purchased coins (tokens).
If you are familiar with day trading, you can make a profit by buying when the price breaks through important support and resistance points through breakout trading.
In any case, it can be said that the possibility of a change in trend starting in November is increasing.
The HA-Low and HA-High indicators are specialized for trading because they were created to create a trading strategy using Hikinashi.
Therefore, its role as a support and resistance point is more important than a trend.
Therefore, the conclusion is that when checking whether there is support or resistance near the HA-High indicator or HA-Low indicator, it is good to proceed with aggressive buying even if it falls.
Note
(ETHUSDT 1D chart)We are trying to show how the HA-High indicator fluctuates again after it was created by falling.
Accordingly, the key is whether it can be supported and rise in the 1759.20-1799.83 range.
If not, the price will start falling to touch the HA-Low indicator.
Note
(BTCUSDT.P chart)All time frame charts show an upward trend following the MS-Signal indicator.
Accordingly, on the lower time frame charts (15m, 1h, 4h), the 5EMA line and the MS-Signal indicator are expected to cross in the near future.
Therefore, volatility is expected to occur.
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