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HA-MS

Example of how to determine the timing of a tradeHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The following is an explanation of how to use the indicators included in the chart. If you don't need to see how to use the indicators, you don't have to read it. - (15m chart) Currently, it is moving sideways within the box section of the HA-Low indicator. Therefore, in order for a trend to occur, it must break out of the box section of the HA-Low indicator. When the support and resistance points indicated on the chart are touched, you should check the movements of the OBV, DMI, and StochRSI indicators and decide whether to proceed with the trade. If the DMI rises above 25, there is a possibility that it will break through the box section of the HA-Low indicator upward. At this time, you should check whether the OBV is rising along the high point line and the status of the StochRSI. If not, you should decide whether to proceed with the trade within the box section. -------------------------------------- I think that the indicators I used have been organized and modified, and now they are being used more in day trading. If possible, it is good to draw support and resistance lines on the 1M, 1W, and 1D charts and respond accordingly. The most difficult part of any trade is whether it will go up or down right now. For this, we refer to many things. So, what I am going to explain is not necessarily correct, but I think it will reduce the fight with myself about whether to trade right now. - (1D chart) (4m chart) The most important thing in my chart is the MS-Signal indicator. This MS-Signal indicator was created using the MACD formula. Therefore, to see the trend, you can refer to the movement of the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts). Then, you can immediately see the current trend on any time frame chart. For reference, the MS-Signal indicator is made up of the M-Signal line and the S-Signal line. - (15m chart) (5m chart) The next important indicator is the HA-Low, HA-High indicator. The HA-Low, HA-High indicator is an indicator that shows the conditions for trading on the Heikin Ashi chart. Therefore, the creation of the HA-Low indicator means that a low point range has been formed, and the creation of the HA-High indicator means that a high point range has been formed. Therefore, if it is supported near the HA-Low indicator, it is a buying period, and the HA-High indicator is the first selling period. A full-scale uptrend begins when it is supported by the HA-Low indicator and rises above the HA-High indicator. On the other hand, a full-scale downtrend begins when it encounters resistance from the HA-High indicator and falls below the HA-Low indicator. You can use this characteristic to determine the timing of trading. - The BW line is an indicator that is displayed when the lowest point (0) and highest point (100) of the BW indicator included in the TS-BW DMI auxiliary indicator form a horizontal line. Therefore, the creation of the BW line means that a low point or high point section has been formed. Therefore, 1. If the BW indicator is at the lowest point (0), it means that a low point section has been formed. 2. If the BW indicator is at the highest point (100), it means that a high point section has been formed. However, rather than looking at the BW line in this sense, it is better to think of it as a support and resistance point and focus on whether you can proceed with trading depending on whether it is supported or not. - With the newly added OBV and DMI indicators, you can now check whether the current rise or fall will continue by following the correlation of the StochRSI indicator. I think it was difficult to determine this with just the StochRSI indicator in the past. The reason is that when the StochRSI indicator entered the overbought or oversold zone and tried to escape from that zone, it often led to additional rise or fall. Therefore, your own chart analysis know-how was needed to determine this. That does not mean that chart analysis know-how is not needed because the OBV and DMI indicators were added. Please think of it as the concept that there is more reference material to determine this. - (OBV indicator) In order for the price to rise or fall, trading volume must occur. Therefore, it is good to see whether the current rise or fall occurs and whether the buying or selling force increases. The indicator used to confirm this is the OBV indicator. I will not explain the concept of the indicators I am explaining separately. The reason is that it only increases the time spent studying the chart, so I am trying to explain only the core utilization methods of the indicator. In that sense, - If the OBV line rises above the high point and is maintained, it means that the buying force is increasing, - If the OBV line falls below the low point and is maintained, it means that the selling force is increasing. By utilizing this, it can be helpful in determining whether the current rise or fall is sustainable. The color changes when the low or high line is broken, which means that it is the trading period. - (DMI indicator) The DMI indicator is an indicator composed of D+, D-, and ADX lines. Therefore, it is difficult to see and interpret it. To compensate for this, three indicators were created as one. The ADX indicator indicates the strength of the trend. Therefore, an ADX line rising means that the current trend is getting stronger. On the other hand, an ADX line falling means that the current trend is getting weaker. Therefore, you cannot tell whether the current trend is rising or falling just by looking at the ADX line. The correlation between the D+ and D- indicators tells you this. The ADX line in the TS-BW DMI indicator is a comprehensive expression of this information. If the color of the ADX line is pink (#e65100), it indicates an upward trend, and if it is aqua, it indicates a downward trend. If the ADX line is located below 25, it is highly likely that a box section will form. Therefore, at this time, you should check the movement of the indicators mentioned above and check whether there is support at the support and resistance lines displayed at the current price position to determine the trading point. - By checking the correlation between StochRSI and StochRSI EMA, you can determine whether the current trend is sustainable by checking whether the previously used StochRSI indicator has entered the overbought or oversold zone. In other words, even if OBV and DMI show an upward trend, if the StochRSI indicator shows a downward trend in the overbought zone or declines, you should determine that it is difficult to continue the upward trend and find a way to respond. In that sense, if you look at the 1D chart, you can immediately see that even if it rises further, it will eventually fall. Therefore, I think it is a good idea to wait until the StochRSI indicator shows an initialization (if it has entered the overbought zone, it must fall and touch the oversold zone to be determined to have been initialized). We do not know how much the StochRSI indicator will fall, but now we can determine it by looking at the OBV and DMI indicators together. - To comprehensively explain the OBV, DMI, and StochRSI indicators, 1. For an uptrend to continue - OBV must show an uptrend along the high point line - DMI must show an uptrend - StochRSI must show an uptrend (better if it has not entered the overbought zone) 2. For a downtrend to continue - OBV must show a downtrend along the low point line - DMI must show an uptrend - StochRSI must show a downtrend (better if it has not entered the oversold zone) 3. In the case of a box zone - When OBV moves between the low point line and the high point line - When DMI is maintained around 25 or below - When StochRSI is maintained around 50 If you have not started a trade when a movement occurs at the support and resistance points drawn on the chart, it is recommended to check whether there is support by meeting the support and resistance points and then proceed with the trade. Also, - When OBV rises above the low or midline - When DMI shows an upward trend - When StochRSI rises in the oversold zone and becomes StochRSI > StochRSI EMA When the above conditions are met, you can check whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts around the price and proceed with the transaction. If you are using my chart to trade, it is recommended to draw at least the HA-Low and HA-High indicators on the 1M, 1W, and 1D charts. And, when the BW line is created, you can determine the trading point by looking at the movement of the indicators. If you need more support and resistance points, you can activate the StochRSI-related (StochRSI < 80, StochRSI > 20), OBV, CCI-related (-100, +100), and RSI-related (RSI < 70, RSI > 30) indicators in the settings of the HA-MS_BW indicator. In addition, 1, 2, 3, and 4 indicate the volume profile points by period, so they also play the role of support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Expected Rising Point: Around 65920.71 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I'm publishing this in advance because I have a schedule. The content below is the explanation part necessary for understanding the chart. Therefore, you don't necessarily have to read it, but if you want to use my chart and indicator, you can refer to the explanation that I often give like this. - Let's summarize the current chart content. - Current important support area: 61099.25 - When rising 1st: 63118.62-64000.0 2nd: 65920.71-67614.25 The 1st and 2nd areas above correspond to the support and resistance areas. Among these, the next important point after 61099.25 is 65920.71-67614.25. - If it falls below 61099.25 1st: 57889.10-59053.55 2nd: 56150.01-56950.56 The 1st and 2nd areas above are support and resistance zones. - If it moves according to the previous flow, it is expected that the trend will be determined again after rising to around 65920.71. However, since the StochRSI indicator shows signs of entering the overbought zone, we need to check at what point it is supported when it falls from the overbought zone. Therefore, we need to look at how the StochRSI indicator is initialized. -------------------------------------- No one actually knows what the future trend will be. However, we can only guess based on the current movement and respond accordingly. Therefore, it is necessary to objectively observe what kind of movement the chart is showing. However, since the candlestick charts that we commonly see have volatility exposed as it is, it is likely that it will be difficult to analyze and interpret the chart. Therefore, it is necessary to exclude elements such as fakes and sweeps from the movement of candles. For that, I think the Renko chart is a good chart to use. (Renko 1D chart) I think you can know where the support and resistance points are and what the current trend is without me explaining it separately. Let me explain a little more. - If it falls below 56,000, a new downtrend is likely to form. - Since it is currently moving sideways in the 56,000-70,000 range, it is likely that an uptrend will begin only if it rises above 70,000. I have roughly explained the important areas in the current price position. - You need to create a trading strategy based on whether there is support at the support and resistance points, but it is not easy to check whether there is support. Therefore, to supplement this, we utilize the BW indicator and StochRSI indicator. The BW indicator included in the TS-BW UP indicator is an indicator that comprehensively evaluates and displays the StochRSI, MACD, CCI, PVT, and superTrend indicators. Therefore, when it is at the lowest point (0), it is judged that a low point section is being formed and we look for a place to buy. To confirm this more quickly, we made the BW line drawn near the price candle. On the other hand, when it is at the highest point (100), we judge that a high point section is being formed and we look for a place to sell. Similar to the principle of the BW indicator, we utilize the StochRSI indicator. In other words, when the StochRSI indicator rises in the oversold section, we look for a place to buy, and when it falls in the overbought section, we look for a place to sell. I have talked a lot about how to utilize the StochRSI indicator before, so I would appreciate it if you could refer to the previous idea. --------------------------------------------- (BTCUSDT 1D chart) Actually, I don't need to draw a separate trend line on my chart. However, many people look at the trend line and check the trend with the pattern according to it, so I just drew it. When it is judged necessary to select a volatility period, a trend line is drawn. Since BTC or ETH charts occupy a large portion of the coin market, we draw a trend line to select a volatility period and inform you. - The trend is confirmed with the MS-Signal indicator. The MS-Signal indicator consists of the M-Signal line and the S-Signal line. Therefore, the current trend is determined based on the arrangement of the M-Signal lines on the 1M, 1W, and 1D charts. If M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart, it is considered to be in a full-blown uptrend. If M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart, it is considered to be in a full-blown downtrend. Since M-Signal on the 1W chart > M-Signal on the 1D chart > M-Signal on the 1M chart, it can be interpreted that it is maintaining an uptrend in the long term, but is showing a downtrend in the short and medium term. Therefore, whether this uptrend can be maintained by switching to M-Signal on the 1D chart > M-Signal on the 1W chart is an important issue from a trend perspective. - If you have confirmed the trend, you should check what happens during the trading period and create a trading strategy accordingly. Therefore, first, you need to find a trading period. To do this, we utilize the HA-Low and HA-High indicators in the HA-MS indicator. The HA-Low indicator is generated when it breaks out of the low range. Therefore, if it falls below the HA-Low indicator, it is likely to show a stepwise downtrend, and if it receives support, it is a section where you can buy. The HA-High indicator is generated when it breaks out of the high range. Therefore, if it rises above the HA-High indicator, it is likely to show a stepwise uptrend, and if it receives resistance, it is a section where you can sell. Therefore, the narrower the gap between the HA-Low and HA-High indicators, the higher the possibility of large volatility. In other words, you can check convergence and divergence. - If you have confirmed the trading period with the HA-Low and HA-High indicators, you need support and resistance points to create an actual trading strategy. To do this, I used several auxiliary indicators to draw horizontal lines. You can distinguish the strength of the support and resistance roles based on the length of these horizontal lines. However, you need to draw support and resistance lines on the 1M, 1W, and 1D charts. For now, I will only talk about the support and resistance lines on the 1D chart for explanation. The points that are currently performing the strongest support and resistance roles on the chart are 69499.85, 68393.48, and 58697.01. The next important points are 64179.08, 57889.10, and 56022.01. You can create a trading strategy by selecting the support and resistance low points like this. This is a chart that only shows the support and resistance points drawn on the 1M, 1W, and 1D charts. There may be differences between the points explained above and the support and resistance points on the actual charts used. The reason is that they were selected based on the importance of the support and resistance points. The importance of the support and resistance points is in the order of 1M > 1W > 1D charts. Therefore, if there are support and resistance lines on the 1W, 1D charts near the support and resistance lines drawn on the 1M chart, they are replaced with the support and resistance lines drawn on the 1M chart. The BW line is drawn at the point where the arrow is pointing. This BW line is a line drawn at the highest point (100), so it corresponds to the high point section. However, since the StochRSI indicator has not yet clearly re-entered the overbought zone, it can be interpreted that additional increases are taking place. Therefore, when the StochRSI indicator rises to the overbought zone and then tries to fall below the overbought zone, you should check whether it is supported near the BW line. - If it rises above 61099.25, 1st: 63118.62-64000.0 2nd: 65920.71-67614.25 The 1st and 2nd areas above correspond to the support and resistance zones. If you look at the increase after breaking through the Sell line above, it seems to have risen by about 8-9%. Therefore, if it shows an increase this time as well, it is expected to touch around 65920.71. The 65920.71 point is an important point as the HA-High indicator point on the 1W chart. The 67614.25 point is an HA-High indicator point on the 1D chart. Therefore, we can see that in order for the stepwise uptrend to begin, it must rise above 67614.25. Before that, the 61099.25 point is an HA-High indicator point on the 1M chart, which is a section that must be supported in order for the stepwise uptrend to begin from a long-term perspective. - Have a nice time. Thank you. --------------------------------------------------
by readCrypto
Important Support Zone: 17496.82-17806.08 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart. The reason I published it as an IXIC chart is to check the gap location. - To summarize the content below a little more, - The key is whether it can receive support near 17806.08 and rise above 18425.15. - If it rises, it is expected to determine the trend again near 19189.16-19615.36. - If it falls below 17806.08 1st: 17496.82 2nd: 16480.98-16574.39 3rd: 15491.66-15780.14 You need to check whether there is support near the 1st-3rd above. - Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend. At this time, whether there is support near 17496.82-17806.08 is important. ------------------------------------------------------------------------------- It is rising with a 2.32% gap increase. It is expected that a full-scale uptrend will begin when it rises above 18425.15. Therefore, the key is whether it can rise with support above 17806.08. If it falls below 17806.08, it is likely to fall to around 17395.53. - It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81). Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36). - However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point. Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported. Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82. However, as I mentioned earlier, the first support area is near 17806.08. - Have a nice time. Thank you. --------------------------------------------------
NASDAQ:IXIC
by readCrypto
The key is whether it can rise above 60672.0-61099.25 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- For those who don't want to read a long explanation, I'll tell you the conclusion first. The actual chart analysis is as follows. - Current volatility period: September 9-29 - Next volatility period: Around October 7 - The most important support and resistance zones at the current price position: 60672.0-61099.25 - Support and resistance zones when rising 1st: 63118.62-64000.0 2nd: 65920.71-67614.25 - Support and resistance zones when falling 1st: 57889.10-59053.35 2nd: 56150.01-56950.56 -------------------------------------- (Example of how to select a volatility period using the StochRSI indicator) It is the turn to form a low zone in the wave flow, but by breaking through the high trend line (1) upward, There has been a change in the wave. The wave that has been going on until now was a downward wave, but it has now broken through the current high trend line (1) upward, making it an unknown state. Therefore, the section where the high trend line (1) and the low trend line (2) intersect, that is, the section marked with a circle, can be called a volatility section. In order to continue the existing downward wave, it must fall below the high trend line (1). If not, there is a high possibility that a new wave will be created. Therefore, the day when the high trend line (1) and the low trend line (2) intersect, that is, around September 13 (September 12-14), can be called a volatility period. However, when selecting a volatility period, it is important to have support and resistance lines and trend lines drawn on the 1M, 1W, and 1D charts. What I have just mentioned is an example of selecting a trend change and volatility period using the flow of waves using the StochRSI indicator. Trend lines that intersect important support and resistance lines indicate more significant periods of volatility. - The high trend line is drawn by connecting the high points of the StochRSI indicator, that is, the opening prices of the bearish candles corresponding to points a1 and a2. (If the candles corresponding to points a1 and a2 are not bearish candles, move to the right until a bearish candle appears.) The low trend line is drawn by connecting the low prices of the candles corresponding to points b1 and b2 of the StochRSI indicator. The trend line is ultimately a lagging indicator drawn after the price has passed. If you say that auxiliary indicators do not need to be considered lagging indicators, I think that means you do not need to look at trend lines either. Therefore, rather than rejecting indicators, I think it would be good to use them as reference material to create a trading strategy by utilizing several indicators that fit your investment style. - Based on the explanation above, if we select the next volatility period, October 7th is the volatility period. This volatility period is the volatility period selected on the 1W chart, and the week before and after September 16th is the volatility period. Therefore, September 9th-29th is the volatility period. However, based on the volatility period selected on the 1D chart, we can see that this volatility period began in earnest around September 13th. --------------------------------------------------- The lines are drawn in a complicated manner, but if you have been watching the explanations I often give, I think you will notice the important parts. Therefore, you should pay attention to the points, sections, trend lines, indicators, and volatility periods that I mentioned. - The most important section for the current price position is 60672.0-61099.25. Therefore, the key is whether it can rise above the 60672.0-61099.25 section and receive support. Since the sell line of the superTrend indicator is formed at the 60674.89 point, it supports that the 60672.0-61099.25 section is an important section. If not, it is important whether it can receive support near the 59053.55 point, that is, the MS-Signal (M-Signal on the 1D chart) indicator. - If the StochRSI indicator falls from the overbought section and maintains the state of StochRSI < StochRSI EMA, the price is likely to eventually fall. In other words, the StochRSI indicator must touch the overbought or oversold zone to close the current wave and start creating a new wave. Since it can create a continuation wave of the existing wave, you can refer to the trend line drawn using the StochRSI indicator mentioned above. - As explained in the previous idea, if it rises above 61099.25, the next support and resistance zone is 63118.62-64000.0. - You should draw support and resistance lines in advance before starting a transaction. Otherwise, if you draw support and resistance lines after starting a transaction, your psychological state will begin to be reflected, making it difficult to draw important support and resistance lines, so you should avoid it. To prevent this, we created a support and resistance point display using auxiliary indicators. If you use this, I think you can exclude many psychological factors when drawing support and resistance lines even after starting a transaction. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Example of how to use the StochRSI indicator Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether it can rise above the important section of 60672.0-61099.25. However, if the StochRSI indicator is located below the overbought section and the state of StochRSI < StochRSI EMA continues, it is highly likely that it will eventually fall, so caution is required when trading. If the price is maintained near the M-Signal indicator (above 59053.55) on the 1W chart, it is expected that there will be a challenge to rise above the 60672.0-61099.25 section again. If it falls below 59053.55 this time, it is expected to fall to around 56K. The reason is that the StochRSI indicator is likely to fall below 50. - We cannot tell how much the StochRSI indicator will rise or fall, but I think it tells us that there will be a change in the trend. Therefore, the way to use the StochRSI indicator is: - When the StochRSI indicator enters the overbought or oversold zone and a change in slope is detected - When the StochRSI indicator intersects and is maintained with the StochRSI EMA indicator We need to find a way to respond when the above two conditions are satisfied. -------------------------------------------------------- (Example of how to draw and interpret a trend line) If you look at the trend line from a short-term perspective, you can see that the low trend line and the high trend line intersect in an 'X' shape. This shape appears when a trend change occurs. The drawing of the trend line is 1. Low point trend line: Connect the low points when the StochRSI indicator makes the lowest point of the oversold zone. 2. High point trend line: Connect the high points when the StochRSI indicator makes the highest point of the overbought zone. However, after making the lowest or highest point, it leaves the oversold or overbought zone and then enters the oversold or overbought zone again to make the lowest or highest point. The intersection of the trend line drawn in this way and the support and resistance points drawn on the 1M, 1W, and 1D charts is likely to be a period of volatility. However, you should be able to select an important point among the support and resistance points. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key to starting a trade is support and resistance points Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- As you study candles, you will learn about trend reversal sections. Therefore, rather than learning the shapes or patterns of candles, when you study them, you will be able to see the support and resistance points and sections made up of the selling area and trend reversal sections in a big picture. Therefore, rather than trying to memorize the shapes or arrangements of candles, it is important to see whether support and resistance points and sections are formed when such shapes, arrangements, and patterns appear. The same goes for other studies related to charts. - As you study candles, you will find that what you have studied appears in the sections where candles are gathered. These areas are drawn as horizontal lines to indicate support and resistance points. However, objective information is needed to conduct trading on the horizontal lines drawn like this. Otherwise, even the support and resistance points you drew will likely become useless lines if you conduct barrack trading because you don't trust them. Be careful because your psychological state will interfere with analyzing the chart. - The easiest way to obtain this objective information is the Heikin Ashi chart and the Renko chart. The Heikin Ashi chart and the Renko chart help you check the trend because they show fewer fakes and sweeps. (Heikin Ashi chart) (Renko chart) Among these, you can immediately see that the Renko chart is a bit easier to find support and resistance points. - You can think of the points near the end of the blocks on the Renko chart as having strong support and resistance points. Therefore, among the horizontal lines drawn on the chart above, the 2800.0 and 4000.0 points are the end points of three blocks, so they can be seen as strong support and resistance points. If you change the Renko chart to a regular candle chart, you can clearly see that it will form support and resistance points or sections. However, since the Renko chart changes the price in blocks, it is difficult to trade at this point. Therefore, the Heikin Ashi chart or Renko chart is good to use when analyzing the chart, but it is difficult to trade. - To compensate for this, we created a horizontal line at the price position using indicators (StochRSI, OBV, CCI, RSI) that have been used for a long time. The horizontal line connected to the current candle position plays the role of the current support and resistance point. And, since the longer the horizontal line, the stronger the support and resistance role, you can see that it plays the role of support and resistance even if it is not connected to the current candle. - The support and resistance points drawn on the Heikin Ashi chart or Renko chart are difficult to use for trading, but you can easily check the support and resistance section by looking at only the 1D chart. However, in order to display support and resistance points with a general candle chart, support and resistance points must be displayed on the 1M, 1W, and 1D charts. And, the order of charts with strong support and resistance is 1M > 1W > 1D charts. - When you look at the 1M, 1W, and 1D charts using the HA-MS indicator, horizontal lines like the above are displayed. You can display them by changing the line type or line thickness to make them easier to see and then proceed with trading. ---------------------------------------------------------------- The above content corresponds to the method of finding support and resistance points included in general chart-related books. Of course, it is different from the explanation in the chart-related book, but I explained how to use indicators to more clearly indicate support and resistance points. - Even if you trade with the support and resistance points above, it will not work well when you actually trade. This is because you are not familiar with the most important trading strategy in trading. In conclusion, the most important thing is to create a trading strategy, rather than finding the support and resistance points explained above, looking at the trend line, or looking at indicators. However, it is very difficult to create a trading strategy that fits your investment style from the beginning. So, you should practice creating a trading strategy that suits you while trading based on the information of the objective chart. In order to trade, you need to decide on the following three things: 1. Investment period 2. Investment size 3. Trading method and profit realization method The above three things must be determined. No. 1 and 2 are determined according to your investment style. Therefore, it is recommended not to change No. 1 and 2 after you start trading. 3. Based on the information of the actual chart, the buy section, sell section, and stop loss point are determined. In addition, the profit realization method can be determined according to the investment period. The profit realization method is: 1. How to get cash profit 2. How to increase the coin (token) corresponding to the profit There are methods 1 and 2 above. - In order to create a trading strategy, it is important to display all the information you want on the chart before starting the transaction. If you do not, and then display lines on the chart after starting the transaction, psychological factors will be added and displayed, so the possibility of not trusting the lines drawn after starting the transaction increases. To prevent this, it does not matter if you use the indicator added to the HA-MS indicator. The reason is because it is objective information. You should increase profits or reduce losses by adjusting the investment ratio while conducting the transaction using this objective information. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
4
Basic example of starting a trade Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- This is an example of starting a trade, explaining that you should objectively define the basics that are right for you. Therefore, I hope that this will be an opportunity to reexamine your trading judgment criteria rather than judging it as right or wrong. ----------------------------------------- It is showing a downward trend without breaking through the sell line of the superTrend indicator. Accordingly, the key is whether it can receive support near the M-Signal indicator (approximately 59953.52) on the 1W chart and rise above 60672.0-61099.25. If not, you should check whether it is supported near the MS-Signal (M-Signal on the 1D chart). Therefore, 1st: 59053.55 2nd: 57889.10 You should check whether it is supported near the 1st and 2nd above. - Usually, there are many cases where you trade impulsively based on your psychological state. To prevent this, it is good to have an objective trading method according to your investment style. This objectification is best done at the support and resistance points drawn on the 1M, 1W, and 1D charts. Therefore, it is good to trade based on whether it is supported near 59053.55 or 60720.0-61099.25. However, judging whether it is supported only by sight can lead to an incorrect judgment depending on psychological factors that occur during trading, so it is good to have objective information as the basis for judgment. It refers to indicators added to the chart as objective information. The MS-Signal indicator is used as a trend-related indicator, which is the M-Signal indicator of the 1M, 1W, and 1D charts. As a trading-related indicator, the HA-Low, HA-High indicators and their corresponding box sections, superTend, and volume profile are used. As a trading-related reference auxiliary indicator, the BW indicator and StochRSI indicator are used. - If we explain the current movement by referring to these indicators, - The superTrend indicator, which is passing around 60672.0-61099.25, has failed to rise above the sell line, - It is showing a downward trend below the M-Signal indicator of the 1W chart, - The StochRSI indicator is showing a trend of changing from an upward to a downward slope in the overbought section. However, since the StochRSI indicator has not yet fallen from the overbought zone and is not in a state where StochRSI < StochRSI EMA, it is difficult to see it as a downward turn. Therefore, an aggressive sell (SHORT) is possible between the M-Signal indicator of the 1W chart and the 60672.0-61099.25 range. Afterwards, when the StochRSI indicator falls from the overbought zone and becomes a state where StochRSI < StochRSI EMA, if it shows resistance near 59053.55 or the MS-Signal (M-Signal on the 1D chart) indicator, you can sell (SHORT). If it is supported at the point mentioned above, you can buy (LONG). However, it is recommended to check whether the state has been changed to StochRSI > StochRSI EMA. If not, it can pretend to rise and fall right away. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
1
The key is whether the MS-Signal indicator can rise above it Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The Chuseok holiday in Korea is until September 18th. Therefore, it is difficult to publish ideas. I hope you have a healthy and happy holiday. ------------------------------------------ (ETHUSDT Renko 1D chart) We need to check whether the price can be maintained above 2400.0 and whether it can rise above 2600.0 to create an upward block. ----------------------------------------------- (ETHUSDT 1D chart) The key is whether the MS-Signal (M-Signal on the 1D chart) indicator can rise above and maintain the price. Unlike BTC, ETHUSDT is not yet above the MS-Signal (M-Signal on the 1D chart) indicator. In order to turn into a short-term uptrend, the price must rise above 2531.05-2621.99 and maintain the price. If not, we need to check for support near 2359.35. - I think the StochRSI indicator is currently forming a high point because the slope has changed in the overbought zone. Therefore, the 2531.05-2621.99 zone is an important support and resistance zone. -------------------------------------------------- Once you start studying charts and become familiar with them, trend lines are virtually unnecessary. However, since understanding the HA-MS indicator is necessary, I drew trend lines to help you understand the chart. This can actually be a hindrance to looking at the chart. If you are looking at my charts for the first time, the most important thing is the MS-Signal indicator, which is the arrangement of the M-Signal line, which is the main line of the MS-Signal indicator on the 1M, 1W, and 1D charts. This is how you can predict the trend. The next important thing is related to the HA-Low and HA-High indicators. That is, you will trade based on the movement in the box section of the HA-Low and HA-High indicators. The other lines are lines that represent the support and resistance lines drawn on the 1M, 1W, and 1D charts and the volume profile section. Therefore, if you want to know the trend through chart analysis, you can check the location of the M-Signal indicator on the 1M, 1W, and 1D charts corresponding to the MS-Signal indicator. If you want to trade, you can create a trading strategy by referring to the points made up of the HA-Low and HA-High indicators or the support and resistance points drawn on the 1M, 1W, and 1D charts. If you only display the support and resistance points by key indicators, it is like the chart above. You can trade with this alone, but I think it is likely that you will have difficulty trading because you cannot create a response strategy according to price fluctuations. What you want to inform through chart analysis is that only the person who analyzed it can properly understand the content. Therefore, how you accept the content analyzed by others will vary depending on each person's investment style. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Important Support and Resistance Areas: 60672.0-61099.25 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- The Chuseok holiday in Korea is until September 18th. As a result, it is difficult to publish ideas. I hope you have a healthy and happy holiday. ------------------------------------------ It seems that funds are flowing into the coin market through USDT or USDC. We need to check if the USDT dominance can fall below 5.55. If not, the key is whether it can meet resistance near 5.89. - Looking at the NAS100USD chart, it rose to the important point of 19582.6. The key is whether it can rise above 19582.6 and receive support. If not, we need to check whether it can receive support near 19143.2 in the first round. ------------------------------- ** Information on support and resistance zones is explained in the previous idea. (BTCUSDT 1D chart) I think this volatility period has just begun because it was set on the 1W chart. This volatility period is expected to continue until September 29, so caution is required when trading. - It is rising near 60672.0-61099.25. The important thing now is whether the price can be maintained above the M-Signal indicator on the 1W chart. To do so, the key is whether it can rise above 61099.25 and receive support. - Since the StochRSI indicator has changed its slope in the overbought zone, it appears to be currently forming a high point. Therefore, even if the price rises, a pullback pattern may occur, so we need to think about a response plan for this. Therefore, whether there is support around 60672.0-61099.25 has become important. Since the sell line of the superTrend indicator is formed around 60672.0, it highlights the importance of the 60672.0-61099.25 range. - If a pullback pattern is shown, the key is whether it can receive support around the MS-Signal (M-Signal on the 1D chart) indicator and rise. Accordingly, we need to check whether the price can be maintained above 57889.10. - If it rises above 61099.25, it is important to see whether it can break through the 63118.62-64000.0 range. If it fails to break through, it will form a high point and fall like after July 15. At this time, if the price is maintained above the MS-Signal (M-Signal on the 1D chart) indicator, there is a high possibility that it will turn into an upward trend. - I am talking about analyzing the BTCUSDT chart with several charts. This is because I think that the fund flow in the coin market can be briefly judged by the movement of USDT, USDC and the flow of the stock market according to the launch of the ETF. I think that it can be used to check whether the current support and resistance zone of BTC is supported based on the identified fund flow. I think the Renko chart that I sometimes show you is excellent for checking support and resistance zones and trends. However, since it is difficult to trade through the Renko chart, I think it is good to use it for checking trends or support and resistance zones. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section that is expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Chart Analysis: Establishing Trading Strategies --------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a good day today. ------------------------------------- When you start studying charts, the first thing you learn is about candles. However, you start studying about the Open, Close, High, and Low of candles. When you start studying about the Moving Average, you start to think that you understand the charts. However, when you actually start trading with the Moving Average, you realize that nothing works properly. So, you start studying other indicators. - The above is based on my experience. When you study various charts, you may think you know them, but when you actually start trading, you realize that they don't apply at all. Where on earth did I go wrong?... What I learned after a long time is that I was wrong from the very beginning. - In other words, I realized that my subsequent chart studies were not done properly because I lacked understanding of candles. When you start studying candles, you study candles of various shapes and patterns. At this time, you should not be too obsessed with the names of candle shapes or patterns or the conditions that occur and try to memorize them. It is important to read it repeatedly several times until you can grasp the concept of the arrangements formed by the combination of candle shapes or patterns, that is, the support and resistance points. Eventually, when the candle shapes or patterns are combined, you can find the volume profile section formed around it, that is, the section where trading volume occurs. By drawing and marking the support and resistance points you find in this way on 1M, 1W, and 1D charts, you can create a trading strategy on the charts you mainly trade. That's all the experts in chart analysis say. In the end, everything is about looking at the combination of candles that make up the chart, finding the corresponding support and resistance points, and trading according to your trading strategy. A trading strategy is to create a response strategy at the corresponding support and resistance points based on the three things above: 1. Investment period 2. Investment size 3. Trading method and profit realization method However, since most books do not include trading strategies, you will only learn about the timing of trading and closing of trading using various indicators. Because of this, there are many cases where you cannot respond to the volatility that occurs after starting trading and end up losing money. Even so, it is difficult to specifically define the contents of trading strategies. This is because the investment period, investment size, and trading method are different depending on the individual's investment style. Therefore, what I can tell you is that you need to set the buy, sell, and stop loss points according to the support and resistance points obtained through chart analysis and wait for a while. Due to price volatility, you may not touch the buy, sell, and stop loss points or may move past them. You should learn how to create a trading strategy by modifying the way you respond to these things according to your investment style. - One important thing here is that you should mark the support and resistance points in advance through chart analysis before starting trading. Otherwise, if you start trading and then mark support and resistance points, psychological factors will come into play, which will likely lead to an unexpected transaction. Don't forget this, and you should practice marking support and resistance points in advance before starting a transaction. Also, you should avoid analyzing charts after listening to various articles, news, or community content. The reason is that psychological factors can come into play. - I think trading is a response to the movement of prices that fluctuate in real time. Therefore, waiting and determination are necessary. If you wait too long or do not make a decision and pass it by, there is a high possibility that you will suffer losses or make little profit, so you need something to refer to when waiting or making a decision. That is the support and resistance points I mentioned above. - However, support and resistance points alone do not solve everything. Therefore, you should add trend lines and various indicators to ask for a method of responding to price fluctuations. However, since the trend line is formed by a diagonal line, there is a lack of countermeasure strategies using the trend line. Therefore, the trend line is used to literally find out what the current trend is. - Therefore, when it deviates from the trend line, the movement at the support and resistance points is checked and the corresponding response is made. When trading with a chart consisting of the above two support and resistance points or only the trend line, there are often cases where the transaction cannot be properly conducted due to fakes or sweeps. Therefore, in order to counter these fakes or sweeps, various indicators are added to the chart. The most commonly used of these is the price moving average. Even if you add the price moving average, you realize that it is a curve, just like the trend line, and is therefore not suitable for countermeasure strategies. So, the price moving average is also used to check the trend, just like the trend line. - In that regard, the indicator I recommend is the StochRSI indicator. The default settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D). The value of the Signal line (EMA) of the StochRSI indicator is 7. If the StochRSI indicator rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA, it is a buying period. On the other hand, if the StochRSI indicator falls in the overbought zone and maintains the state of StochRSI < StochRSI EMA, it is a selling period. However, you should trade depending on whether there is support or resistance at the support and resistance points formed at that location. Even if there is movement in the StochRSI indicator, it is recommended not to trade if you do not have support and resistance points drawn on the 1M, 1W, and 1D charts. The reason is that you may feel psychologically anxious, so there is a possibility that the trade will proceed incorrectly. - If you can trade with only what I mentioned above and make an average profit, it is because you have established a trading strategy according to your investment style. - We need objective information to establish a trading strategy according to your investment style. We think that this is the only way to minimize the psychological factors that arise when starting a trade. If you can add various indicators to the chart to obtain objective information and receive support and resistance point information according to them, you can create a trading strategy according to them at any time. To do this, we used the StochRSI, OBV, CCI, and RSI indicators to display support and resistance points on the price candle part. And, we added the StochRSI and BW indicators as auxiliary indicators. The StochRSI indicator added as an auxiliary indicator is not the StochRSI indicator provided by default, but an indicator with a modified formula, so you can share the chart and use it or copy and paste the TS-BW UP indicator to your own chart and use it. There is no problem using the basic StochRSI indicator. However, there is a slight difference from what I said, so there may be a slight problem in understanding. - As above, since the support and resistance points of the 1M, 1W, and 1D charts are drawn on the chart to create a trading strategy, my chart is very confusing and not easy to understand when you first look at it. And, since there are many indicators that I have not explained, it may be even more difficult to see the chart. Therefore, to resolve the difficult parts, share the chart, hide the indicators added to the chart, and activate them one by one while looking at them, and you will be able to understand the chart. If you share the chart, you can use it normally, so you can check the chart from various angles. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
1
The key is whether it can be supported near 2359.35 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) As you can see from the 1M chart, the trading volume occurred in the box section. - (1W chart) As you can see from the 1W chart, the point where the volume profile section is formed is 1021.49, 2354.39. Therefore, the key is whether it can be supported near 2354.39. --------------------------------------------- (1D chart) Since the HA-Low indicator of the 1D chart was formed at 2359.35, it is important to see if it can be supported around here and rise above the MS-Signal (M-Signal on the 1D chart) indicator. Therefore, it is important to see if it can rise to around 2531.05-2621.99 and maintain the price. - Since the StochRSI indicator is showing signs of a change in slope in the overbought zone, if it falls without being supported around 2359.35, it is necessary to check if it is supported around 2196.52. Since ETH has fallen below the M-Signal indicator on the 1M chart, it can be seen as turning into a downtrend from a long-term perspective. So, we need to see which way it deviates from the 2196.52-2621.99 range. The next volatility period for ETH is around September 26th. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3
The key is whether it can be supported around 57889.10Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think funds are still flowing into the coin market. Therefore, as long as funds flow into the coin market, the coin market is expected to continue its upward trend. However, I think that it is necessary to adjust the investment ratio because the trading volume is not the same as before (box section). ----------------------------------------------- (1D chart) The horizontal line drawn on the chart indicates the volume profile section. Therefore, the strongest volume profile section at the current price position is around 58697.01. In addition, the volume profile section currently being formed is 56843.36, 64179.08. The PVT indicator is a component of the BW indicator. Since the PVT is currently in a downward trend, we can see that the downward strength is strong. Therefore, when it rises above 58697.01, it is important to see whether the PVT turns into an upward trend. - (1D chart) If it receives support near 57889.10, it is highly likely that the MS-Signal (M-Signal on the 1D chart) indicator will turn upward. Therefore, the key is whether it can receive support near 57889.10 and rise above 59053.55. However, since the current StochRSI indicator is in the overbought zone and has a change in slope, there is a possibility that it will make a short-term high near 57889.10. If the StochRSI indicator turns downward this time, whether it will receive support near 56150.01-56950.56 is an important key. - (1W chart) If PVT falls below the dotted line on the 1W chart, there is a high possibility that it will turn into a downtrend. Therefore, you should check whether it can be supported near 57122.77, which is the lower point of the HA-High indicator box on the 1W chart. -------------------------------------------- Since the trading period is mostly different, the chart analysis will differ depending on which point you start trading from. Therefore, the points or sections I mentioned are points or sections that can affect the trend. I think the point that has the greatest influence on the trend change from the current price position is the 57889.10 point. In order for the trend change to expand, it must break out of the 56150.01-59053.55 section. - From a short-term perspective, it seems that it is currently forming a short-term high. So, to break above this short term high, it needs to be supported above 59053.55. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
POL (MATIC) ecosystem is expanding... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- MATIC to POL upgrade was done on the Ethereum mainnet. (POLUSD 1D chart) There are many coins and tokens in the MATIC ecosystem. Therefore, I think MATIC has a high potential for development. When choosing an altcoin, it is a good idea to check how the ecosystem it belongs to is formed. That way, it will not be delisted. To check the coin ecosystem, you can check it on a site that shows the coin market cap ranking. - (MATICUSD 1M chart) The key is whether it can rise above the psychological volume profile range of 0.6221-1.0839. - (1W chart) The key is whether it can rise above 0.4965 and receive support. If not, we need to check whether it can receive support near 0.2950. - (1D chart) The key is whether it can receive support in the HA-Low (0.4166) indicator of the 1D chart and the HA-HIgh (0.5142) indicator range of the 1D chart and rise above the M-Signal indicator of the 1M chart. Currently, the StochRSI indicator is showing signs of entering the overbought zone, so support around 0.3837 is important. If it is not supported, it is likely to lead to further decline. Therefore, the time when we can trade is when it shows support near the HA-Low indicator point. - The fact that the HA-Low indicator was created means that a low point zone has been formed. Therefore, if it is supported by the HA-Low indicator, it is a buying period, and if it falls, it is likely to show a stepwise downward trend. The fact that the HA-High indicator was created means that a high point zone has been formed. Therefore, if it is resisted by the HA-High indicator, it is a selling period, and if it rises, it is likely to show a stepwise upward trend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
COINBASE:MATICUSD
by readCrypto
The key is whether it can rise above 2.28 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Because the chart has not been created for long, the role of support and resistance points may be weak, so be careful when trading. (Grayscale Ethereum Mini Trust 1D chart) The HA-Low indicator on the 1D chart was created at the 2.28 point. Therefore, the key is whether it can receive support near the gap (2.09-2.18) section on the 1D chart and rise above the HA-Low indicator on the 1D chart. If it is supported near the HA-Low indicator on the 1D chart, we need to see if it can break through the gap (2.59-2.83) on the 1W chart. - Have a good time. Thank you. -------------------------------------------------- (ETHUSDT 1D Renko chart) - (ETHUSDT 1D chart) The key is whether it can support near 2.359.35 and maintain the price above the M-Signal indicator on the 1W chart. Based on the current price position, the most important thing is whether it can maintain the price by rising above the M-Signal indicator on the 1M chart. Because I think that is the most likely way to turn into an uptrend. -----------------
AMEX:ETH
by readCrypto
To turn into a short-term uptrendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1D chart) As I mentioned in the idea yesterday, the key is whether it can be supported around 56150.01-56950.56 and rise above the M-Signal indicator on the 1W chart. Before that, we need to check whether it can rise above the MS-Signal (M-Signal on the 1D chart) indicator and maintain the price by rising above 57889.10. If it fails to rise above the MS-Signal indicator, it is likely to fall to around 52137.67. - The IBIT BTC ETF chart looks a little different in that there is a gap between the MS-Signal indicator and the IBIT indicator. The location of the StochRSI indicator is also different. On the BTCUSDT chart, it is just before entering the overbought zone, but on the IBIT chart, it is located near the 50 point. Therefore, we need to check at what point the StochRSI indicator of the two charts enters the overbought zone and receives support. - It is expected that a full-scale volatility period will begin. Since this volatility period was set on the 1W chart, it is likely to continue until September 29, so caution is required when trading. If USDT or USDC continues to gap up, it is expected to continue to rise after the volatility period. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
To turn into a short-term uptrend, it needs to rise above 34.18 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Let's check out the chart with the highest trading volume among the released BTC ETF products. (IBIT 1M chart) However, since the chart has just been created, the role of the indicated support and resistance points may be weak, so caution is required. - (1W chart) The point where the volume profile section is formed on the current chart is 38.14. Therefore, it is expected that the uptrend will begin only when it rises above the volume profile section. - (1D chart) The key is whether it can maintain the price by receiving support and resistance formed at the 32.70 point and rising above 34.18 (if possible, Fibonacci ratio 0.618 (34.68)). Therefore, it is necessary to check whether it can break through the psychological volume profile section of the first gate, 32.85-33.41 section. - From a trend perspective, it is necessary to break away from the downtrend line (1) in order to turn into an uptrend. Accordingly, it is necessary to check whether it can lead to a movement to change the state from M-Signal on the 1D chart > M-Signal on the 1W chart. If it fails to turn, you should check for support around 23.99-26.03. - Based on the current price position, it is expected that a full-scale uptrend will begin when it rises above the HA-High indicator (39.87) on the 1D chart. Since the HA-Low indicator on the 1D chart has not been created yet on the current chart, if it starts to fall below 32.67, it seems likely that the HA-Low indicator will be created. If the HA-Low indicator is created, the key point is whether there is support around that area. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
NASDAQ:IBIT
by readCrypto
Just before this volatility period begins in earnestHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- Although it is a short rise, the StochRSI indicator is already showing signs of entering the overbought zone. Accordingly, the key is whether it can maintain the price above the MS-Signal indicator (M-Signal on the 1D chart) while receiving support near 56150.01-56950.56 and rising above 57889.10. If not, 1st: 54730.0 2nd: 52137.67 You should check for support near the 1st and 2nd above. Currently, since the M-Signal of the 1W chart > M-Signal of the 1D chart > M-Signal of the 1M chart, we need to check if it can lead to a movement to change the M-Signal of the 1D chart > M-Signal of the 1W chart. Therefore, if it rises above 57889.10, 1st: 59053.55 2nd: 60672.0-61099.25 You can trade depending on whether there is support near the 1st and 2nd above. The volatility period will begin soon. As we pass around September 13 (September 12-14), we need to check in which direction it deviates from the 52137.617-61099.25 range and respond accordingly. We are always at a crossroads. I think we need to observe the flow of funds in the coin market to make a clearer choice at this crossroads. It is not easy for individual investors to know the flow of funds. We can only briefly understand the flow of funds due to stable coins such as USDT and USDC. Currently, USDT is sideways, and USDC is gapping up, which is the driving force behind the coin market. However, I think that USDT needs to gap up for the market to start a real uptrend. Therefore, we need to think about how to increase the number of coins and tokens corresponding to profits while trading from a short-term perspective for the current uptrend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Important Support and Resistance Zones: 18788.2-18898.9 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator has not escaped the oversold zone. And, since StochRSI < StochRSI EMA, I think it is not a trading period. Therefore, the key is whether it can rise above the left Fibonacci ratio 1.902 (18788.2) ~ the right Fibonacci ratio 0.786 (18898.9) and receive support. If not, 1st: 17854.8-18250.3 2nd: Right Fibonacci ratio 0.618 (17141.4) You need to check whether there is support near the 1st and 2nd above. In the worst case, I think the final range is around 16123.5-16322.6. - If it rises above the left Fibonacci ratio 1.902 (18788.2) ~ right Fibonacci ratio 0.786 (18898.9) and receives support, 1st: 19582.6 2nd: 20313.8 You can trade depending on whether there is support near the 1st and 2nd above. - Have a nice time. Thank you. --------------------------------------------------
OANDA:NAS100USD
by readCrypto
Expected flow during this volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- USDT, USDC seem to have gapped up as the weekend approaches. I think the gapped up is a sign of funds flowing into the coin market. The rise in USDT dominance is likely to lead to a decline in the coin market. However, since funds flow into the coin market through USDT, I think that USDT dominance will show an upward trend in the medium to long term when considering it from a medium to long term perspective. When funds flowing into the coin market purchase coins and tokens, USDT or USDC flow back into the exchange, which is expressed as a decline in USDT dominance. Therefore, I think that in order for a large bull market in the coin market to begin, USDT dominance will start to decline after a large rise. In that sense, the 4.97 point of USDT dominance is expected to be an important turning point. If USDT dominance rises above 6.39, the coin market is likely to show a large decline. I think that if it rises above 6.39 and then falls to the 4.97-6.39 range, the coin market is likely to form a bottom range. My personal hope is that it will fall after receiving resistance near 6.39 ~ Fibonacci ratio 0.75. If that happens, I think the coin market will already be on an uptrend before it is recognized as a bottom. We need to see whether individual investors will recognize it as a bottom and give them a buying opportunity, or whether they will not give them a buying opportunity. In that sense, I expect the volatility period around September 13 to be a meaningful period. In fact, this volatility period is the period set on the 1W chart. Therefore, the actual volatility period is the week before and after September 16. In other words, if expressed as a 1-day period, it corresponds to September 9-29. The strong support zone is expected to be around 42K-43K. I think this is the zone that most people are expecting. Therefore, if we give individual investors a buying opportunity as I mentioned earlier, I think it will touch around 42K-43K. If we do not give individual investors a buying opportunity, it is expected to turn upward near the M-Signal indicator on the 1M chart. In other words, it is expected to touch around the Fibonacci ratio of 0.707 (48064.07) ~ 0.786 (51606.42) and turn upward. - When looking at the NAS100USD chart, we need to check if the StochRSI indicator enters the oversold zone again when a new candle is created. The important zone is the 17854.8 point. If it falls below this point, it is likely to touch the Fibonacci ratio 0.618 (17141.4) on the right. Therefore, I expect the trend to form after the volatility period of BTC that I mentioned earlier. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after it rises above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Important support and resistance zones touched Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH has touched an important support zone. Therefore, the key is whether it can receive support near 2159.0. If it falls below 2159.0, you should check whether there is support near 1605.23-1783.0. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next Volatility Period: Around September 13 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The key is whether it can rise after receiving support around 56150.01-56950.56. Even if it doesn't rise, if it doesn't fall below the short-term downtrend line, I think it has a chance of rising. If it falls below 56150.01, 1st: 52137.67 2nd: M-Signal on the 1M chart You should check for support around the 1st and 2nd above. Due to the rise of USDC, the trend of the coin market is moving in line with the stock market. I think the launch of ETF products is affecting the coin market. Looking at the Nasdaq 100 futures chart, the key is whether it can be supported near the important section of 1.902 (18788.2) ~ 0.786 (18898.9). If it is not supported in this section, 1st: 18250.3 2nd: 17854.8 We need to check whether there is support near the 1st and 2nd sections above. If the decline continues, it is expected to ultimately fall to around 16000-17000. I think the launch of ETF products has laid the foundation for the coin market to transform into a sound investment market. However, I think that this has led to irregular effects on the coin market, which had been reflecting the flow of indicators well. The BW indicator touched the 0 point on the BTCUSDT chart. And, with this decline, it was about to change to the state of StochRSI > StochRSI EMA, but it has changed back to the state of StochRSI < StochRSI EMA. Because of this, there is a possibility of movement after June 18, so caution is required when trading. The next volatility period is around September 13, so if it moves sideways around 56K before that, it is judged that there is a possibility of a trend reversal. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key is whether it can be supported around the 56K-61K rangeHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) (USDC 1D chart) Although funds are flowing into the coin market, it seems that there are not many people willing to buy at high prices. This movement can be seen as a period of buying by large capital forces. ---------------------------------------- (BTCUSDT 1M chart) As a new month begins, a bearish candle is being created. However, we need to check whether it can rise after receiving support near the 56K-61K section, which is the second section. The StochRSI indicator appears to have entered the oversold section. And, the StochRSI EMA indicator is located near the midpoint. Therefore, it is thought that it will take time for StochRSI > StochRSI EMA to change to a state. Since there is a possibility that the arrows shown on the TS - BW indicator will appear, even if it leads to an additional decline, the second section is expected to eventually become an important support and resistance section. If the price is located near the second section, it is difficult to see it as a downward trend from a long-term perspective. - The strong support zone is the 3rd zone, i.e., around 42K-43K. However, if USDT and USDC maintain a gap uptrend, it is not expected to fall to the 42K-43K zone. It seems possible that it will touch the 0.707 (48064.07) area once again. -------------------------------------------- (BTCUSDT 1W chart) It is expected that the trend will be newly formed as volatility occurs around the week including September 16th. Accordingly, the key is whether it can receive support around 56K and rise above 61K. If it falls below 56K after a period of volatility and shows resistance, 1st: M-Signal on 1M chart 2nd: 48K 3rd: 42K-43K You need to check for support near the 1st-3rd above. The key is whether you can continue the upward trend along the important rising channel. - You need to check whether the StochRSI indicator enters the oversold zone as a new candle is created. ------------------------------------------------ (BTCUSDT 1D chart) The section formed by the upper line of the short-term falling channel and the lower line of the medium- to long-term rising channel can be seen as the trend reversal zone. Therefore, the area around 56K is an important section. - The StochRSI indicator is showing a change in slope in the oversold zone. Accordingly, if the StochRSI indicator breaks out of the oversold zone and becomes StochRSI > StochRSI EMA, it is expected to enter a period where a buy can be made. The important thing in this movement is which support and resistance points are supported. - The 57937.19 point is the HA-Low indicator point on the 1D chart. Therefore, unless a new HA-Low indicator is created, the buy period is the 57937.19 section. Therefore, when a new candle is created, I will update it again. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
Check support near 59053.55Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator is showing a shaky appearance as it falls below the midpoint. Accordingly, it is necessary to check the movement of the StochRSI indicator when a new candle is created. If the StochRSI indicator does not rise above the midpoint, the next volatility zone of the StochRSI indicator will be near the oversold zone. - With this decline, the HA-Low indicator on the 1D chart was touched again. Therefore, if it is not supported near 59053.55, it is likely to touch near 56150.01-56950.56. - What is important in the current flow is whether it can rise along the medium- to long-term upward channel. And if it does not re-enter the short-term downward channel, it is expected to eventually rise to near 61099.25. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto