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(BTCUSDT chart)
It is showing a decline within the falling channel created on the 1M chart.
It is showing a decline in the rising channel of the 1W chart.
Therefore, the key is whether it can rise quickly to the 26574.53-28923.63 section.
If not, you should check for support around 23141.57, the support and resistance point drawn on the 1M chart.
As I continue to tell you, whether the price goes down or rises, the important thing is that you should trade according to your investment style and investment period.
Your investment style and investment time correspond to day trading, but creating a trading strategy with more than short-term and mid- to long-term flows is very likely to fail.
Conversely, when trading in the mid- to long-term, making a trading strategy with the current flow, that is, the flow corresponding to day trading, the possibility of failure in trading becomes very high.
Therefore, you should check the articles that apply to your investment style and investment period in numerous analysis articles and refer to them to create your own trading strategy.
Analysis published by others is their own opinion.
Therefore, no matter how detailed the description of the analysis is, it is not possible to gain real-time insight into how to respond to actual price volatility.
So, you can't really find what you're looking for in someone else's analysis.
It is only possible to check the basis of the analysis of the person who posted the analysis.
Since there are quite a lot of articles that do not explain the basis for analysis, I think that there is little to be gained from such articles.
The reason or rationale used in the analysis can guide you in creating your trading strategy.
Even if your chart analysis is perfect, you will not be able to trade in the end if you do not create a proper trading strategy.
That is why it is more difficult to create a trading strategy than to analyze it.
However, you will usually spend more time analyzing charts than trading strategies.
The reason is that it is believed that the reason for the failure to trade, such as to buy at the lowest point or sell at the highest point, to obtain more profits, to minimize losses, etc., is due to failure to properly analyze the chart.
However, it is not.
Chart analysis only makes it possible to identify trends or support and resistance points or zones on the chart.
Therefore, even if you do not properly analyze the chart, if the trading strategy according to the time you want to trade is properly created, you will be able to get minimal losses and extravagant profits.
What is a trading strategy
1. Investment period
2. Investment size
3. Transaction method and profit realization method
This is to organize your thoughts on points 1-3 above.
The part that actually proceeds with the transaction corresponds to part 3, but in order to do so, 1 and 2 must be accurately determined.
Therefore, 1. Determining the investment period should be the top priority in creating a trading strategy.
The investment period is determined by your investment style.
If your mental state becomes unstable due to current price fluctuations or if you constantly change your actual trading method whenever price fluctuations occur, then you have no concept of trading strategy or have not yet found your own investment style. I think it will.
In this state, investing a large amount of money to trade can amount to gambling, so it is highly likely that you will end up with a large loss.
Therefore, it is best to trade with less money until you can find your own investment style or create a trading strategy.
If you are not confident in chart analysis and trade by creating your own trading strategy based on the analysis of others, there is still a high possibility of earning profits.
The reason is that you can respond according to real-time price fluctuations according to your investment style with the information obtained from chart analysis, that is, support and resistance points or sections, volatility periods and fluctuation ranges.
My charts have a lot of content to create a trading strategy for.
These contents are available for all investment periods.
In particular, I would like you to know that the part where I dare to mention support and resistance points or sections in writing is a more important part than other points or sections.
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(BTCKRW chart)
It is expected to break out of the downtrend line created on the 1M chart, i.e., to rise above the downtrend line, around 40674000.
If it continues to decline, you should check for support around 31024000-32042000.
Looking at the 1W chart, the price is located near the bottom of the MS-Signal indicator.
Therefore, it cannot be seen that the trend has turned to a downtrend yet.
Therefore, it is necessary to make sure that it can rise above 35539000 quickly.
If it doesn't and it goes down, it's because it is expected to show a downtrend towards the 27317000 area.
The 1M, 1W chart is a chart that corresponds to the big picture to know the approximate flow.
Therefore, you can use it for actual trading by checking whether you are supported or resisted at the support and resistance points or sections shown on the 1D chart.
Therefore, it is expected that the direction will be determined by whether it is supported or resisted around 34820000.
Confirmation of support and resistance requires confirmation for at least 1-3 days.
Accordingly, we need to check the movement at least from June 6th to 8th.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
It is showing a decline within the falling channel created on the 1M chart.
It is showing a decline in the rising channel of the 1W chart.
Therefore, the key is whether it can rise quickly to the 26574.53-28923.63 section.
If not, you should check for support around 23141.57, the support and resistance point drawn on the 1M chart.
As I continue to tell you, whether the price goes down or rises, the important thing is that you should trade according to your investment style and investment period.
Your investment style and investment time correspond to day trading, but creating a trading strategy with more than short-term and mid- to long-term flows is very likely to fail.
Conversely, when trading in the mid- to long-term, making a trading strategy with the current flow, that is, the flow corresponding to day trading, the possibility of failure in trading becomes very high.
Therefore, you should check the articles that apply to your investment style and investment period in numerous analysis articles and refer to them to create your own trading strategy.
Analysis published by others is their own opinion.
Therefore, no matter how detailed the description of the analysis is, it is not possible to gain real-time insight into how to respond to actual price volatility.
So, you can't really find what you're looking for in someone else's analysis.
It is only possible to check the basis of the analysis of the person who posted the analysis.
Since there are quite a lot of articles that do not explain the basis for analysis, I think that there is little to be gained from such articles.
The reason or rationale used in the analysis can guide you in creating your trading strategy.
Even if your chart analysis is perfect, you will not be able to trade in the end if you do not create a proper trading strategy.
That is why it is more difficult to create a trading strategy than to analyze it.
However, you will usually spend more time analyzing charts than trading strategies.
The reason is that it is believed that the reason for the failure to trade, such as to buy at the lowest point or sell at the highest point, to obtain more profits, to minimize losses, etc., is due to failure to properly analyze the chart.
However, it is not.
Chart analysis only makes it possible to identify trends or support and resistance points or zones on the chart.
Therefore, even if you do not properly analyze the chart, if the trading strategy according to the time you want to trade is properly created, you will be able to get minimal losses and extravagant profits.
What is a trading strategy
1. Investment period
2. Investment size
3. Transaction method and profit realization method
This is to organize your thoughts on points 1-3 above.
The part that actually proceeds with the transaction corresponds to part 3, but in order to do so, 1 and 2 must be accurately determined.
Therefore, 1. Determining the investment period should be the top priority in creating a trading strategy.
The investment period is determined by your investment style.
If your mental state becomes unstable due to current price fluctuations or if you constantly change your actual trading method whenever price fluctuations occur, then you have no concept of trading strategy or have not yet found your own investment style. I think it will.
In this state, investing a large amount of money to trade can amount to gambling, so it is highly likely that you will end up with a large loss.
Therefore, it is best to trade with less money until you can find your own investment style or create a trading strategy.
If you are not confident in chart analysis and trade by creating your own trading strategy based on the analysis of others, there is still a high possibility of earning profits.
The reason is that you can respond according to real-time price fluctuations according to your investment style with the information obtained from chart analysis, that is, support and resistance points or sections, volatility periods and fluctuation ranges.
My charts have a lot of content to create a trading strategy for.
These contents are available for all investment periods.
In particular, I would like you to know that the part where I dare to mention support and resistance points or sections in writing is a more important part than other points or sections.
------------------------------------------
(BTCKRW chart)
It is expected to break out of the downtrend line created on the 1M chart, i.e., to rise above the downtrend line, around 40674000.
If it continues to decline, you should check for support around 31024000-32042000.
Looking at the 1W chart, the price is located near the bottom of the MS-Signal indicator.
Therefore, it cannot be seen that the trend has turned to a downtrend yet.
Therefore, it is necessary to make sure that it can rise above 35539000 quickly.
If it doesn't and it goes down, it's because it is expected to show a downtrend towards the 27317000 area.
The 1M, 1W chart is a chart that corresponds to the big picture to know the approximate flow.
Therefore, you can use it for actual trading by checking whether you are supported or resisted at the support and resistance points or sections shown on the 1D chart.
Therefore, it is expected that the direction will be determined by whether it is supported or resisted around 34820000.
Confirmation of support and resistance requires confirmation for at least 1-3 days.
Accordingly, we need to check the movement at least from June 6th to 8th.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Note
While studying chart analysis, I always feel "Is this right?" no see.These questions are felt even if you are an expert in chart analysis.
Therefore, I think that the effort to resolve these questions is at the end of the chart analysis.
In order to resolve these questions, it is to find the reason or basis for the contents of my analysis.
If you can find or say the reasons or grounds for why these results can be produced, even if the chart analysis is incorrect as a result, the analysis can be considered complete.
This is a limitation of chart analysis.
Find the reason or rationale for chart analysis!!!
In fact, this concept is quite difficult to establish.
This is because they end up giving up on studying charts because they fall into double thoughts of what can be used as a basis for chart analysis and whether this basis is also a correct judgment.
I too went through this same process.
What I felt was that no matter what analysis technique is used, it must be used with only the core of the analysis technique.
Even if you use Elliot Wave Theory, various pattern techniques, and methods for finding various trend lines or support and resistance points, you must use or analyze only the most essential elements to quickly escape from this dilemma.
For example, when interpreting the RSI indicator, there are all kinds of interpretations.
All of these interpretation methods are likely to fall into a trap themselves, so you should use only the most important information, namely the overbought or oversold zone.
The rest of the interpretation method is not needed.!!!!
This is because chart analysis cannot be completed with only one indicator or one analysis tool.
Therefore, for those who want to start studying charts or those who have been studying charts but have not made progress, I recommend that you first check what the core of all the techniques I am using is.
Note
(BTCUSDT chart)It rose near the HA-Low indicator on the 1D chart.
In order to continue the upward trend
1. You need to get out of the 1M chart's downtrend channel.
Therefore, it should hold the price above 28923.63.
2. It should be supported and rise near the HA-High indicator on the 1W chart.
Therefore, it should hold the price above 27496.02.
3. If support is confirmed near the HA-Low indicator on the 1D chart, it is expected to rise near the HA-High indicator on the 1D chart.
However, it may be resisted in the 28465.36-28923.63 section and around 30184.24, so you need to think about countermeasures against this.
As I continue to tell you, the current section is a very important section from a mid- to long-term perspective, as shown in the 1M chart and 1W chart.
Therefore, in order to trade in this section, it is essential to adjust the investment proportion, and a trading strategy on how to proceed with aggressive buying and how to respond is essential.
Both short-term trading strategies and mid- to long-term trading strategies fall into the zones that can be created.
Therefore, it is an important section but also an ambiguous section.
Therefore, you must have a trading strategy that suits your investment style and investment period.
If you have decided on the investment period, even if volatility occurs, you can respond according to your investment period and your trading strategy.
It is natural to be anxious about whether the price will increase further when the price rises, and to worry about falling further when the price decreases.
However, in order to overcome this psychological state, split trading is necessary.
The current price position is an area where aggressive buying is possible.
Therefore, you need to think about how much to start trading with and at what point to split, sell or stop loss.
You can proceed with short-term buying in earnest when it shows support near the HA-High indicator on the 1D chart.
You can proceed when the mid- to long-term and long-term buying sections show support near the HA-High indicator on the 1W chart and the HA-High indicator on the 1M chart.
It goes without saying that you should buy at the lowest possible price so that you can get a bigger profit and wait more with peace of mind.
However, buying at a lower price is quite difficult.
Therefore, it is better to buy at more significant points or segments, not at lower prices.
Looking at the current wave from a long-term perspective, I think the second wave of the rising wave is in progress.
Therefore, you need to look for a time to buy while seeing when the third wave of the bulls will turn.
If you can't find the right time to buy, you can do a split buy when the price fluctuates more than usual.
If BTC falls, it is expected to fall to around 23141.57, so when it is supported and rises around this area, you can proceed with a split purchase larger than the portion of the split purchase so far.
Note
(BTCUSD chart)(BTCUSDT chart)
(BTCUSDT.P chart)
(BTC1! chart)
(BTM1! Chart)
(BTCKRW chart)
It's a BTC price chart anyway, so most of them show similar movements.
However, the volatility period is displayed slightly differently due to minute fluctuations in basic data such as the period when the chart was created and the trading volume.
I think the trend is likely to be determined by whether it is supported or resisted at the support and resistance points shown on each chart.
If it is supported and rises near the M-Signal indicator of the 1W and 1M charts, it is highly likely to continue its upward trend from a mid- to long-term perspective.
If this is not the case and it falls, you need to make sure that each chart is supported near the support and resistance points of the 1M chart.
Do not forget that in order to turn into an uptrend from a short- and mid- to long-term perspective, you must maintain the price above the HA-HIgh indicator on each chart.
A short-term buying point is when you see support near the HA-Low indicator on the 1D chart.
However, it is recommended to check the flow for at least 1-3 days to check support and resistance.
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