Hello, traders.
If you "Follow" me, you will always get the latest information quickly.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
It was supported near the Fibonacci ratio 2 (106178.85) and rose to renew the new high (ATH).
If this upward trend continues, it is expected to rise near the Fibonacci ratio 2.24 (116940.43).
-
If it falls,
1st: 102302.08
2nd: 97226.92
3rd: 89294.25
You need to check which of the 1st and 3rd areas above is supported.
Since the M-Signal indicator on the 1D chart is passing near the 1st area, if it falls below this, there is a possibility that it will turn into a short-term downtrend.
The M-Signal indicator on the 1W chart is still rising around 94K, but since the 97226.92 point is the HA-High indicator point on the 1W chart, I think it is likely to continue the upward trend if it receives support around this area.
The 89294.25 point is the HA-Low indicator point on the 1D chart, so if it receives support around this area, it is a good time to buy.
-
(30M chart)
If the price continues to rise by renewing the ATH, it is difficult to set support and resistance points.
Therefore, you need to be careful when trading coins (tokens) that are renewing the ATH.
Therefore, I think it is better to trade in a short-term trading (day trading) method, but to leave the number of coins (tokens) corresponding to the profit for the profit realization method.
In other words, when the price rises and then falls by the purchase price, the method is to sell only the purchase amount (+ transaction fee) to leave the coin (token) corresponding to the profit.
When selling, you should not sell the number of coins (tokens), but you should sell only the purchase amount.
You do not necessarily have to sell all of the purchase amount, but if possible, it is better to sell close to the purchase amount.
The reason is that when the price plummets or turns downward, there is a possibility of psychological pressure.
In my chart, the trading strategy is when the HA-Low and HA-High indicators are touched.
If it is supported near the HA-Low indicator, it is the time to buy, and when it meets the HA-High indicator, it is the time to sell.
However, if it is supported near the HA-High indicator, there is a possibility that a stepwise upward trend will continue, so a split selling strategy is necessary.
On the other hand, if it falls after receiving resistance from the HA-Low indicator, it is likely to show a stepwise downtrend, so a split buying strategy is needed.
-
When you meet the HA-Low and HA-High indicators, if you check the movement of the OBV indicator, it can help you create a trading strategy.
That is, when the OBV indicator breaks upwards through the Low Line, High Line, and OBV EMA, the price is likely to rise, and if the opposite happens, the price is likely to fall.
-
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.
------------------------------------------------------
Note
I think you can tell if funds are flowing into the coin market or flowing out by looking at whether there is a gap in USDT or USDC.
In other words, if there is a gap increase, it is a sign of funds flowing in, and if there is a gap decrease, it is a sign of funds flowing out.
Both USDT and USDC are stablecoins that are linked 1:1 to the US dollar.
However, USDT holds various assets other than the US dollar as reserves.
USDC can be considered as an American investment fund, so its influence on the coin market is currently weaker than USDT.
I think that in order to exert influence on the coin market, the USDC market needs to be activated on exchanges around the world.
-
Even if funds are flowing into the coin market, it may not immediately affect the price.
Therefore, in order to find out about the flow of funds in the coin market, you need to look at BTC dominance and USDT dominance.
If BTC dominance (BTC.D chart) rises, it means that funds are concentrated toward BTC.
On the other hand, if it falls, it means that funds are concentrated toward altcoins.
In other words, BTC dominance does not tell you whether the price of BTC is rising.
You should not misunderstand this and associate it with the price rise of BTC.
Therefore, a good time to trade altcoins is when BTC dominance is falling.
Since USDT has a big influence on the coin market, you can know the movement of the coin market according to the movement of USDT dominance (USDT.D chart).
In other words, if USDT dominance falls, the coin market is likely to rise, and if it rises, the coin market is likely to fall.
Therefore, the trend of the coin market should be predicted by comprehensively evaluating the movements of BTC dominance and USDT dominance.
In order for the coin market to show an upward trend, USDT dominance must remain below 4.97 or show a downward trend.
However, for the altcoin upward trend to begin, BTC dominance must remain below 55.01 or show a downward trend.
If USDT dominance shows a downward trend and BTC dominance shows an upward trend, the coin market is likely to gradually form a market where only BTC rises.
In other words, most altcoins are unlikely to follow the rise of BTC and are likely to gradually move sideways or show a downward trend.
Therefore, it is necessary to adjust the proportion of altcoins according to the current movement of BTC dominance.
Trade active
#BTCUSDT 30mSince the OBV indicator has fallen below the Low Line, we need to see if it can rise above the Low Line.
If not, it is highly likely to lead to further declines.
There is a possibility that it will fall near the previous ATH range.
When it leads to further declines, we need to check if the HA-Low indicator is generated.
-
When the OBV indicator rises above the Low Line, we need to check if the StochRSI indicator rises with K > D.
If it rises, the key is whether it can be supported near 111223.44 and rise above 111780.84.
-
The volatility period is expected to last until May 28, so caution is required when trading.
Note
If you still have more losses than profits when trading, you need to check your trading strategy once again.
It is time to calmly organize your thoughts with peace of mind.
The big principle should not be changed until the transaction is closed.
In other words, the profit realization method according to the investment period should not be changed.
If you set a trading strategy for short-term trading (day trading) and proceeded with the transaction, you should not continue it beyond the short term because you could not cut losses.
Also, if you set the profit realization method to cash profit and proceeded with the transaction, you should not proceed with the long-term transaction because there was a large increase.
Therefore, when starting a transaction, you should clearly decide how to proceed with the transaction and proceed with the transaction.
-
You can change the detailed response strategy flexibly as long as the big principle is not changed.
Therefore, the timing of the split transaction can be changed depending on the situation.
-
If you trade using my chart, it is recommended to stick to the basic trading method.
The basic trading method is to buy near the HA-Low indicator and sell near the HA-High indicator.
In addition, if the price is maintained above the M-Signal indicator of the 1M chart, there is a high possibility of an upward trend in the medium to long term.
Therefore, if possible, it is recommended to trade on a chart where the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart.
-
If the OBV indicator rises above the Low Line or High Line, there is a high possibility of an upward trend.
Therefore, at this time, you should check whether there is support at the support and resistance points and find the trading point.
On the other hand, if it falls below the High Line or Low Line, there is a high possibility of a downward trend, so you should think about a response plan accordingly.
-
In order to create a detailed trading strategy, you need support and resistance points drawn on the 1M, 1W, and 1D charts.
Therefore, before starting a trade, it is recommended to first draw support and resistance points and check the overall movement.
Then, create a trading strategy based on the big principles and focus on finding the right time to trade.
And then, when you start trading, you have to respond in detail according to the movement and proceed with the trade according to the big principles.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ 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 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ 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.