Hello, traders.
Please "Follow" to get the latest information quickly.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
This volatility period is around June 22nd (June 21-23rd).
Therefore, waves can be generated at any time during the volatility period.
The 104463.99 point is the DOM (60) indicator point of the 1W chart, which corresponds to the end of the high point of the 1W chart.
Therefore, it seems that the price defense is being done well.
I think that defending the price at the high point is significant because it raises expectations for further increase.
-
If it falls after a period of volatility, there is a possibility that it will meet the M-Signal indicator of the 1W chart, and I think the important point at that time is the 99705.62 point.
Therefore, when it falls, you need to check whether the M-Signal indicator of the 1W chart rises to around 99705.62 and whether it is supported.
-
Even if it rises after receiving support near 104463.99, the key is whether it can maintain the price by rising above 108316.90.
The 108316.90 point is the HA-High indicator point of the 1D chart, which corresponds to the middle value of the high point range.
Therefore, in order to continue the uptrend, it must be supported and rise in the 108316.90-111696.21 range.
Currently, both the Low Line and High Line of the auxiliary indicator OBV are showing a downward trend.
Therefore, in order for the uptrend to begin, OBV must rise above the High Line and be maintained.
If not, it is highly likely that it will fall due to selling pressure.
One hopeful(?) thing is that the PVT oscillator is showing an overall upward trend.
(Changed from OBV oscillator to PVT oscillator.)
Therefore, we can see how important the area around 104463.99 is playing a role of support and resistance.
-
In my chart, the basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator.
Therefore, it is virtually impossible to create a trading strategy at the current price level.
In such cases, you should conduct trading through day trading or quick response.
If not, you may experience a lot of psychological fear and anxiety.
The basic time frame chart of all indicators is the 1D chart.
Therefore, if you cannot read the flow of the 1D chart, you are likely to end up getting faked and suffer losses.
Therefore, you should read the flow of the 1D chart and create a big picture of how to create a trading strategy, and respond in detail on the time frame chart below the 1D chart.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
------------------------------------------------------
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Related publications
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.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Related publications
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.