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Check if it can rise along the rising trend line (2) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- We need to see if USDT and USDC can continue the gap uptrend. - (BTC.D 1M chart) If BTC dominance rises above 62.47 and maintains or continues to rise, altcoins are likely to record a larger decline. Therefore, you should think about how to respond to the altcoins you are trading. If the uptrend continues, it is expected to rise to the Fibonacci ratio range of 0 (73.63) ~ 1 (77.07). In order for the altcoin bull market to begin, it must fall below 55.01 and be maintained or show a downward trend. - (USDT.D 1M chart) In order for the coin market to begin an upward trend, the USDT dominance must fall below 4.97 and be maintained or show a downward trend. If it does not, and it rises, the coin market is likely to show a downward trend. We need to see if it can meet resistance near the Fibonacci ratio of 0.618 and fall. If not, the coin market will show a large downward trend as it rises to around 7.14. - USDT is likely to continue to rise. This is because it is the fund that supports the coin market. Due to this, USDT dominance is also likely to continue its upward trend. Therefore, rather than following the overall flow of USDT dominance, it is better to look at where it starts to decline. ----------------------------------------- (BTCUSDT 1D chart) Whether the price can be maintained above the M-Signal indicator on the 1D chart while maintaining the price above the upward trend line (2) and passing through April 4-6 is the key. In order to continue the upward trend, it must rise above 89294.25, so if possible, we should also look at whether it can rise above 89294.25. If it does not and falls along the downward trend line, it is possible that it will touch around 73499.86 during the volatility period around April 25. - The most recently formed high-point trend line is trend line (3). And, the recently formed low-point trend line is the (2) trend line. Since these two trend lines are not moving in one direction, we can see that we are currently in the volatility zone. If the StochRSI indicator rises this time and forms a peak in the overbought zone and then falls, the high-point trend line will draw an upward trend line like the low-point trend line. When that happens, it seems likely that the trend will start. Therefore, the point of interest is whether the two volatility periods in this April, around April 5 and around April 25, will become turning points. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire BTC range. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). Fibonacci ratio 0.618 (44234.54) is not expected to fall again. (BTCUSDT 12M chart) Looking at the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the downtrend starts. ------------------------------------------------------
by readCrypto
89542.51 or higher, the key is whether the price can be maintain Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. Today, we will talk about the BTCUSD chart for the first time. - (BTCUSD 1D chart) If the price is maintained above the M-Signal indicator on the 1M chart, it can be interpreted that it is in an upward trend in the medium to long term. Currently, it is showing a short-term uptrend as it rises above the M-Signal indicator on the 1D chart, but it is highly likely that it will continue to rise only if it rises above the M-Signal indicator on the 1W chart. Therefore, the key is whether it can maintain the price by rising to around 89542.51. - We need to see if the OBV is maintained above the middle line and can break through the upper line. Since the StochRSI indicator is currently in the overbought zone, if there is no increase in trading volume, it is likely to eventually show a downtrend. If it shows a downtrend, it is expected that it will eventually meet the M-Signal indicator on the 1M chart and determine the trend again. At this time, we need to check whether there is support near 73589.43. - The competition starts on April 1. As I mentioned in the Binance BTCUSDT chart description, the next volatility period is expected to be around April 5 (April 4-6). Therefore, we need to check whether the price is maintained above the M-Signal indicator on the 1D chart or above the M-Signal indicator on the 1W chart and decide the position. In other words, I think it is good to decide the position depending on whether there is support near the original section marked on the 30m chart. - It is expected that the key point of this competition will be whether the trading volume can increase and whether the price can be maintained by rising above 89542.51. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire section of BTC. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). Fibonacci ratio 0.618 (44234.54) is not expected to fall again. (BTCUSDT 12M chart) Looking at the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the downtrend starts. ------------------------------------------------------
PEPPERSTONE:BTCUSD
by readCrypto
Next Volatility Period: Around April 5 (April 4-6) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) A new candle has been created as a new month begins. The StochRSI indicator has fallen below the midpoint, and OBV has been hunting since around October 1, 2024. As I mentioned before, the StochRSI indicator must fall to the oversold zone and then rise to create a peak in order to draw a trend line between the lows. Therefore, the point to watch next month is whether the StochRSI indicator can enter the oversold zone. The key is whether the price can be maintained above 73499.86. - (1D chart) If the current StochRSI indicator creates a peak in the oversold zone, that is, if it closes up, the uptrend line (2) will be completed. If that happens, we should see whether it can maintain the price by rising above the Fibonacci ratio 2.24 (83646.12) around April 5th. If not, it is highly likely that it will eventually fall again. In the explanation of the 1M chart, I said that the StochRSI indicator should enter the oversold zone. You may think that the price should fall because of this, but you should not necessarily think that the price will fall because the StochRSI indicator may show a downward trend even if the price rises. In such an ambiguous situation, rather than predicting whether it will rise or fall, you should check whether the current price position is supported or falling and think about whether to respond. As I said earlier, you should respond depending on whether there is support near the M-Signal indicator on the 1D chart where the arrow is pointing. This time, you should check in which direction it deviates from the Fibonacci ratio range of 2 (80999.68) ~ 2.24 (83646.12) and think about a response plan. This movement is expected to appear after the next volatility period, April 4-6. - Thank you for reading to the end. I wish you successful trading. -------------------------------------------------- - ​​This is an explanation of the big picture. To check the entire range of BTC, I used TradingView's INDEX chart. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point of interest is whether they can be supported and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio of 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the bear market starts. ------------------------------------------------------
by readCrypto
20323.3-20647.3 The key is whether it can rise above this level Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. Let's talk about the NAS100 chart. -------------------------------------- (NAS100 1M chart) I think the stock market is fluctuating due to the rapidly changing situation and various economic issues. Therefore, I think it is not easy to analyze index charts such as NAS100 and US30. However, since the HA-High indicator of the current 1M chart is newly generated and is showing a downward trend, if it does not rise above 20647.3 when the competition starts, it is likely to eventually fall. If it falls below the M-Signal indicator of the 1M chart, it is necessary to check for support near the Fibonacci ratio range of 0.5 (15898.2) ~ 0.618 (17130.8). - (1D chart) The key is whether it can receive support near 19598.6, the HA-Low indicator point of the 1D chart, and rise above the M-Signal indicator of the 1W chart. If not, it is expected that it will eventually meet the M-Signal indicator of the 1M chart and determine the trend again. Currently, the price is being maintained above the M-Signal indicator of the 1M chart, so it is maintaining an upward trend in the medium to long term. Therefore, when the competition starts, you should respond depending on whether the price is being maintained above or below the M-Signal indicator of the 1D chart. Currently, the short-term support zone is 19269.9-19598.6, and the medium to long-term resistance zone is 20323.3-20647.3. Even if it is supported and rises in the short-term support zone, if it fails to break through the medium to long-term resistance zone, it will eventually fall. - Thank you for reading to the end. I hope you have a successful transaction. --------------------------------------------------
PEPPERSTONE:NAS100
by readCrypto
69.374-70.880 section is a crossroads Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. Let's talk about the SPOTCRUDE chart. -------------------------------------- (SPOTCRUDE 1M chart) We need to see whether it will rise along the trend line (1) or fall along the trend line (2). Since the volume profile section is formed around 75.723, the key is whether it can rise above this section. If it fails to rise, it will eventually meet the HA-Low indicator of the 1M chart. Currently, the HA-Low indicator of the 1M chart is formed at 43.327. - (1D chart) The M-Signal indicators of the 1D, 1W, and 1M charts are in reverse arrangement. Therefore, in order to continue the upward trend, it must eventually rise above the M-Signal indicator of the 1M chart. Therefore, the key is which direction it deviates from the 69.374-70.880 section. When the competition started, - If the price is maintained above 70.880, the long position is expected to be advantageous, - If the price is maintained below 69.374, the short position is expected to be advantageous. However, since the overall trend of the chart is down, a short and quick response is required when trading with a long position. - Thank you for reading to the end. I hope you have a successful transaction. --------------------------------------------------
PEPPERSTONE:SPOTCRUDE
by readCrypto
The key is whether the price can be maintained above 3044.61 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. I will tell you about the XAAUSD chart. -------------------------------------- (XAAUSD 1D chart) It is continuously updating the new high (ATH). Accordingly, the key is whether the price can be maintained above 3044.61 and rise to around the Fibonacci ratio 1.414 (3102.84). Therefore, if the price is maintained above 3044.61 when the competition starts, a long position is expected to be advantageous. - (30m chart) The areas marked with circles correspond to support and resistance areas. Among them, the important support and resistance areas are around 3044.61, 3019.81, and 2998.08. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
PEPPERSTONE:XAUUSD
by readCrypto
The key is whether it can be supported and rise near 137.28 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. Let's talk about the SOLUSD chart. -------------------------------------- (ETHUSD 1D chart) The circled sections on the chart are important support and resistance sections. Since the M-Signal indicators on the 1D, 1W, and 1M charts are passing through the 137.28-180.38 range, it is important to see whether it can receive support and rise this time. If it fails to rise, it is likely to fall to the Fibonacci ratio range of 2 (80.31) ~ 1.902 (88.47). - We need to see if the OBV can rise above the Fibonacci ratio of 1.27 (141.08) as it rises above the middle line. Since the OBV indicator itself has fallen below the 0 point, there is a high possibility that the selling pressure will increase. Therefore, we need to check the support and resistance points when the OBV rises above the 0 point. If it shows support near 180.38, I think it is highly likely that it will turn into an upward trend and rise. - Therefore, when the competition starts, check if it is located in the 137.28-180.38 range, and if not, it is expected that a sell (SHORT) position will be advantageous. Even if the price is maintained above 137.28, - There is a possibility that it will be difficult to maintain a buy (LONG) position due to the fact that the OBV is located below the 0 point, - The M-Signal indicator on the 1W, 1M charts is in a reverse arrangement, etc. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire range of BTC. I rewrote it to update the previous chart while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) I think it is around 42283.58 when looking at the BTCUSDT chart. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the downtrend starts. ------------------------------------------------------
PEPPERSTONE:SOLUSD
by readCrypto
The key is whether it can rise to 2271.0-2356.31 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. I will talk about the ETHUSD chart. -------------------------------------- (ETHUSD 1W) If you look at the 1W chart, you can see how important the current price position is. If it continues to decline this time, it is likely to fall to around 1337.54. Therefore, the key is whether it can maintain the price by rising near the Fibonacci ratio of 0.236 (2089.91). In order to turn upward on the 1W chart, it must rise near the Fibonacci ratio of 0.382 (2646.14) and maintain the price. - (1D chart) Since the HA-Low indicator on the 1D chart is formed at the point of 1935.88, the key is whether it can receive support and rise near this area. If it does not and falls below 1871.55, it is highly likely to fall to around 1626.95. - The M-Signal indicator on the 1W and 1M charts is passing near the Fibonacci ratio of 0.382 (2646.14). Therefore, in order to turn into an uptrend, the price must rise above the M-Signal indicator on the 1W and 1M charts and be maintained. To do so, we need to see if it can naturally rise above the M-Signal indicator on the 1W and 1M charts while maintaining the price by rising around 2271.0-2356.31. However, in order to continue the uptrend, it is expected that the price must rise above the Fibonacci ratio of 0.382 (2646.14) and be maintained. - If the OBV does not rise above the upper line of the price channel and show an uptrend, it is likely that it will be difficult to sustain even if an uptrend appears. The StochRSI indicator is showing a downward trend in the overbought zone. Therefore, if the StochRSI indicator turns upward again and maintains the price around 1935.88, it is expected that it will lead to an attempt to rise to around 2271.0. Therefore, when the competition started, - If the StochRSI indicator did not turn upward, - If the OBV did not rise above the upper line and showed an upward trend, - If it did not receive support near 1935.88, it is expected that the SHORT position would be advantageous. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Here is an explanation of the big picture. I used TradingView's INDEX chart to check the entire range of BTC. I rewrote the previous chart to update it while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point of interest is whether they can be supported and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio of 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the bear market starts. ------------------------------------------------------
PEPPERSTONE:ETHUSD
by readCrypto
About AI's theme coin (token)... Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- It seems that AI themes are currently classified into 5. I will explain the coin (token) with the highest market capitalization in each theme. ------------------------------------- (NEARUSDT 1D chart) NEAR is classified as an AI & Big Data theme. In order to turn into an uptrend, the price must be maintained above 3.756 and rise above the M-Signal indicator on the 1M chart. Since OBV has broken through the upper line of the Price channel, the point to watch is whether it can continue to rise. - (FETUSDT.P 1D chart) FET is classified as an AI Agents theme. The key is whether it can maintain the price by rising above 0.848. Since OBV is passing through the middle line of the Price channel, we should see whether it can be supported and rise near the M-Signal indicator on the 1D chart. - (VIRTUALUSDT.P 1D chart) VIRTUAL is the No. 1 market cap ranking of the AI ​​Agent Launchpad theme. The key is whether it can maintain the price near the M-Signal indicator on the 1D chart and rise to around 1.1602. - (FARTCOINUSDT.P 1D chart) FARTCOIN is classified as AI Memes theme. The key is whether the price can be maintained around the Fibonacci ratio 0.236 (0.6228) and rise to around 1.4148. If it fails to rise, it should check for support around 0.3822. - (TAOUSDT 1D chart) TAO is classified as Generative AI theme. The key is whether it can be maintained by receiving support around 271.1 and rising above 312.5. In the meantime, it should be checked whether it can rise above the M-Signal indicator on the 1W chart. If the M-Signal indicator of the 1W chart rises above and the price is maintained, it is expected to turn into an upward trend. ------------------------------------------- Most coins (tokens) are showing the same flow as the coins (tokens) above. This shows that the current section is an important turning point. I think that in order to survive this important turning point and turn into an upward trend, an increase in trading volume must accompany it. Therefore, I think it would be a good idea to check the current trading volume status by checking the flow of OBV of each coin (token). There are three ways to interpret the OBV indicator. 1. If OBV is rising from the 0 point, it is an increase in buying power, and if it is falling, it is an increase in selling power. 2. If OBV is located above the EMA line of OBV, it is highly likely that buying power will increase, and if not, it is highly likely that selling power will increase. 3. Applying the formula of the Price channel to OBV, if each Price channel line breaks upward, there is a high possibility that the buying force will increase, and if it breaks downward, there is a high possibility that the selling force will increase. In addition to the interpretation of 1, 2 and 3 can be interpreted as the possibility that the price will rise when the buying force increases, and the possibility that the price will fall when the selling force increases. In 1, the price area around the 0 point is considered the selling area (volume profile) and is likely to play the role of support and resistance points. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire section of BTC. I rewrote the previous chart to update it by touching the Fibonacci ratio section of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) I think it is around 42283.58 when looking at the BTCUSDT chart. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the downtrend starts. ------------------------------------------------------
by readCrypto
I have revised the description of the big picture Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I used TradingView's INDEX chart to check the entire range of BTC. I rewrote it to update the previous chart while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point of observation is whether it can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain the details again when the bear market starts. - Thank you for reading to the end. I hope you have a successful trade. -----------------
INDEX:BTCUSD
by readCrypto
3
The key is whether it supports around 0.18951 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (DOGEUSDT 1D chart) The key is whether it can maintain the price by rising above 0.18951. If it rises after receiving support near 0.18951, we need to see whether it can rise above the M-Signal indicator on the 1W chart. In other words, we need to see whether it can maintain the price above 0.21409. If not, it is likely to show a downward trend like the previous trend. - Therefore, I think this is a great opportunity to turn into an upward trend in line with the flow of BTC. What we need to do is to check if it is supported around 0.18951. If it is supported, it is a time to buy. Since the M-Signal indicator of the 1M chart is passing around 0.18951, it is highly likely that it will show a different flow than before. Since OBV has to break through the upper line of the Price channel to surge, it is better not to rush too much and check if it is supported around 0.18951 before trading. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
3
The start of the first important volatility period of the year Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This is the first day of the volatility period. The key is whether it can rise from the downward channel. This volatility period is expected to last until March 26. The point of interest is whether it can break out of the downward channel and receive support near the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0). If not, we should see if it can find support near Fibonacci 2.24 (83646.12) and rise without going below the downtrend line. If it holds above the downtrend line, we should see if it can rise above Fibonacci 1.618 (89050.0) during the next volatility period around April 5th. In any case, if it breaks out of the downtrend channel and holds, I think it is likely to turn into an uptrend. - (1M chart) As I mentioned before, we should not forget that there is no trend line formed by the low point of the StochRSI indicator on the 1M chart, so volatility may occur to create a trend line. Therefore, whether it can complete the trend line while receiving support near the 69000 ~ 73499.86 range and rising is an important point of observation from a long-term perspective. In this sense, what we can choose is to see whether it can receive support near the current location, that is, the StochRSI 50 indicator point of 83983.20. If the support is broken, it can fall along the downtrend line. This period of volatility is expected to be the first important period of the year. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
3
The key is whether it can be supported around 15.45 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (LINKUSDT 1D chart) How to interpret the OBV indicator 1. If OBV is rising from the 0 point, it is interpreted as an increase in buying power, and if it is falling, it is interpreted as an increase in selling power 2. How to create an EMA indicator for OBV and interpret it as rising or falling above the EMA indicator 3. How to add the price channel formula to the OBV indicator and interpret it like Bollinger Bands - If the price is maintained at the current price position, it is expected to attempt to rise above 15.45. However, since the StochRSI indicator is showing a downward trend in the overbought zone, the key point is whether there is support near 15.45. If it fails to rise, we should check whether there is support near 13.13. - I think we are facing a golden opportunity to turn into an upward trend. If it fails to turn into an upward trend this time, there is a possibility that it will eventually fall to around 10.0, so we should think about a response plan for this. Therefore, what we should pay close attention to is whether there is support near 15.45 and it can rise. If support is confirmed near 15.45, it is the time to buy. The first sell zone is 19.52-20.51. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
About the Volume OBV indicator... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think TradingView is attractive because users can create charts as they want. However, since the number of indicators that can be added to the chart is limited depending on the plan, you have to add indicators that fit your plan. As a result, I ended up integrating multiple indicators into one indicator. - The HA-MS indicator in this chart is a public indicator. If you search the Internet, you can find detailed explanations on how to interpret the OBV indicator. I expressed it as follows to make this interpretation method more realistic. The body color of the candlestick is indicated by the 4-stage OBV indicator. The OBV indicator is distinguished in the same way as the Price Channel indicator. You can interpret it like the Bollinger Band. That is, if the middle line that divides 2 and 3 rises by more than 3, you can interpret that the buying force is increasing. 1: It means below the lower line of the Price Channel and is indicated in dark red. If you enter this section, there is a high possibility of a sharp decline. You should check the support and resistance points because it is likely to stop falling soon and rise to 2. 2: It means between the lower line and the middle line of the Price Channel and is indicated in red. This section is likely to show a weak downward sideways movement. Therefore, if it rises from 1->2, there is a possibility of a short rise. However, if it fails to rise to 3, it is likely to fall back to 1, so it is recommended to make short trades. 3: It means between the middle line and the upper line of the Price Channel and is displayed in green. This section is likely to show a weak upward sideways movement. If it rises from 2 -> 3 and shows a sideways movement, you should focus on finding a buying point. 4: It means above the upper line of the Price Channel and is displayed in dark green. If it enters this section, there is a high possibility of a sharp rise. Since it is likely to stop rising soon and fall to 3, you should check the support and resistance points. - What we should pay attention to is when it changes from 1 -> 2, 4 -> 3. As explained above, 1 is a section located below the lower line of the Price Channel, so there is a high possibility of a sharp fall. 4 is a section located above the upper line of the Price Channel, so there is a high possibility of a sharp rise. Therefore, you can proceed with an aggressive buy when it changes from 1 -> 2, and you can proceed with a sell when it changes from 4 -> 3. In the case of futures, it can be used as reference information for entering and liquidating LONG and SHORT positions. - They say that the only things you need on a chart are price and trading volume. However, it is not easy to interpret this in reality. To compensate for this, we hid the colors of the existing candles and displayed them in 4 stages of OBV so that you can intuitively see which stage the current price is at. - Thank you for reading to the end. I hope you have a successful transaction. --------------------------------------------------
Education
by readCrypto
The key is whether there is support near 1935.34 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The important support and resistance zones have changed as it has fallen below the long-term upward trend line (1). After March 18, the key is whether ETH can maintain its price by receiving support near 1935.34 and rising above the M-Signal indicator on the 1D chart, that is, the Fibonacci ratio of 0.236 (2090.85). If it falls after receiving resistance near 1935.34, it is possible that it will fall to around 1340.12, so you should also consider a response plan for this. - In order to turn into an uptrend, the price must rise above the M-Signal indicator on the 1M chart and maintain it. To do so, the price must be maintained near the Fibonacci ratio of 0.382 (2647.80). - Therefore, if it rises after receiving support near 1935.34, 1st: M-Signal on the 1D chart (Fibonacci ratio of 0.236 (2090.85)) 2nd: M-Signal on the 1M chart (Fibonacci ratio of 0.382 (2647.80)) You should respond depending on whether there is support near the 1st and 2nd above. Currently, the StochRSI indicator is showing signs of entering the overbought zone, so even if there is an additional rise, it is expected to eventually show a downward trend. In order to ignore this law, an explosive trading volume or favorable market news is required. - (30m chart) Since the StochRSI indicator is in the oversold zone, it is highly likely to rise even if it continues to fall further. However, since it is a 30m chart, you should respond based on day trading or short-term trading. Since the HA-High (1936.67) indicator and the BW (100) (1944.96) indicator are located near 1935.34, we can see that it is forming a resistance zone. Therefore, even if there is an additional rise, it seems likely to be resisted in this resistance zone (1936.67-1944.96). If it falls below 1923.43, 1st: Heikin Ashi's Close on the 1D chart 2nd: HA-Low indicator (1885.30) 3rd: 1865.10 We need to check if it is supported near the 1st-3rd above. - Therefore, if it is supported and rises near 1935.34, 1st: M-Signal on 1D chart (Fibonacci ratio 0.236 (2090.85)) 2nd: M-Signal on 1M chart (Fibonacci ratio 0.382 (2647.80)) You need to respond depending on whether there is support near the 1st and 2nd above. Since the StochRSI indicator is currently showing signs of entering the overbought zone, it is expected that it will eventually show a downward trend even if there is an additional rise. In order to ignore this law, an explosive trading volume or favorable market conditions must occur. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
1
Volatility Period: Around March 22-25 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) I think it always falls less than expected and rises more than expected. Therefore, trades should always be done in split trades. This volatility period is expected to last from March 21st to 26th. Therefore, the key is whether it can break out of the downtrend channel and maintain the price after this volatility period. In order to do that, it is important to see if it can be supported near the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0). If it breaks out of the downtrend channel and falls, if it does not fall below the downtrend line, it is expected to rise. In other words, we need to check if it is supported near the Fibonacci ratio point of 2.24 (83646.12). If not, if it falls, it is expected to touch the M-Signal indicator on the 1M chart. In other words, it is expected to touch near 73499.86. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
Chart Analysis and Trading Strategy (2) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- If you look at the candle that the finger is pointing to, you can see that it is a bearish candle with Open > Close. If you look at this on a 30m chart, you can see that it moves as follows and forms lows and highs. These candle movements come together to form a candle arrangement, and by looking at this, we ultimately set support and resistance points. As your understanding of candles deepens, you will study charts in various ways. The reason is that you may know it when you look at the chart, but you cannot when you trade. That is, because the understanding of candles is not clear. As you study the charts over and over again, you will learn that charts tend to converge to the median and average values. You learn that they converge to the median and average values ​​while studying various indicators, but you end up not knowing what you can learn from them. What is important in the arrangement of candles is that the arrangement of the Open and Close bodies and the Low and High tails that make up the candles play an important role in setting support and resistance points. I recommend that you understand this explanation through the Internet or a book. The reason is that it is something that requires a lot of time investment to acquire. - The HA-MS indicator was created to quickly display support and resistance points as objective information. Therefore, you can see that when the channel composed of the HA-Low indicator and the HA-High indicator is broken, a trend is formed, and if not, a sideways movement is shown. The HA-Low, HA-High indicators are indicators created by combining the arrangement of candles and the RSI indicator on the Heikin-Ashi chart. Therefore, the trading strategy is used to create a trading strategy depending on whether there is support near the HA-Low, HA-High indicators. The other indicators, BW(0), BW(100), DOM(-60), and DOM(60), are used as support and resistance to create a detailed response strategy. - Based on this information, trading should be divided into trading in the sideways section and trading in the trend to create a trading strategy. This trading time is created based on whether there is support in the HA-Low, HA-High indicators. Since it is made of indicators, I think it provides objective information for chart interpretation with others, reducing the room for controversy. This is the fundamental reason for using indicators. It is because we can share objective information with each other. - In trading within the sideways section, information about the trend is not particularly necessary. If you set the sideways section with your own indicator or support and resistance points, you can trade based on whether there is support at the end of that section. - However, when you leave the sideways section, information about the trend is necessary. That is why we use the M-Signal indicator and Trend Cloud indicator on the 1D, 1W, and 1M charts as indicators for the trend. For short-term information, you can use the M-Signal indicator and Trend Cloud indicator on the 1D chart. If the Trend Cloud indicator is displayed in green and the price is maintained above the M-Signal indicator on the 1D chart, it can be interpreted that there is a high possibility of a turn to an uptrend. If not, it can be interpreted that there is a high possibility of a downtrend. The mid- to long-term trend can be identified by checking the arrangement status of the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1M chart. That is, if the M-Signal on the 1W chart > the M-Signal on the 1M chart, it can be interpreted that the mid- to long-term trend is maintaining an uptrend. Therefore, in order to continue the uptrend from a long-term perspective, the price must be maintained above the M-Signal indicator on the 1M chart. If not, it is recommended to make short trades if possible. - To better set the support and resistance points, look at the 1M chart > 1W chart > 1M chart in that order and draw a horizontal line on the indicators (HA-Low, HA-High, BW(0), BW(100), DOM(-60), DOM(60)) displayed on the chart and mark them on the chart. Mark the support and resistance points on the chart as above. This marks the support and resistance points with the low and high points. - It is not easy to start trading at the low or high points every time. Therefore, as I mentioned earlier, it is important to create a detailed response strategy based on the median and average values. For this, the StochRSI 50 indicator is displayed. In addition, the Close of the Heikin-Ashi chart of the 1D chart, which can be usefully utilized when trading below the 1D chart, is added. ------------------------------------------------- The information I mentioned above is ultimately information that can be obtained through chart analysis. You can create a trading strategy by deciding whether to check it directly with your eyes and indicate support and resistance points, or to use an indicator that can be checked more quickly. Chart analysis is about understanding the movement of the chart, and actual trading is conducted according to the trading strategy. You may think that chart analysis is the trading strategy, but it is not. No matter how well you analyze charts with your eyes, if you analyze charts when your psychological state is unstable due to subjective thoughts based on various information other than the chart, as I mentioned earlier, you may end up trading in the wrong direction. To prevent this, it is necessary to use indicators so that subjective thoughts are not applied. Even if you start trading at the support and resistance points created by the indicator, and it goes in the opposite direction and you suffer a loss, the influence will be weak. The reason is that you created a trading strategy with the support and resistance points created by the indicator in advance. Things to consider when starting a trade in a trading strategy are: 1. When to buy or how to buy 2. When to cut loss or how to cut loss 3. How to realize profit For this reason, it is important to set support and resistance points through chart analysis. - It is better to do chart analysis briefly. If you spend too much time analyzing charts, you may end up being trapped in your own subjective thoughts, so be careful. I think you can tell whether you will do chart analysis in an analyst-like manner or in a chart analysis necessary for trading by looking at how the support and resistance points are marked on the chart. The ideas of chart analysis often do not include things that need to be considered when starting a trade. Therefore, in order to apply them to actual trading, you need to create a trading strategy through chart analysis. The chart analysis for trading reduces the need for separate chart analysis because the information necessary for the trading strategy is displayed on the chart. However, it may need to change depending on your investment style or the time frame chart you are actually trading on, but it can be advantageous for trading because the support and resistance points are marked. To ensure this, you need to create an indicator and receive support and resistance points as objective information. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
Education
by readCrypto
2
Next Volatility Period: Starting around March 15 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) The key is whether it can receive support and rise near the 2nd section. If not, it is expected to eventually meet the M-Signal indicator on the 1M chart and determine the trend again. As a result, I think it is highly likely that it will meet the M-Signal indicator on the 1M chart near 73499.86. - (BTCUSD 1W chart) This is the second time that the StochRSI indicator has been maintained at the lowest point (0). This means that the decline is strong. In the case of 2014, it formed a bottom section about 15 weeks after that. We will also have to watch to see if the HA-Low indicator on the 1W chart is generated due to this decline. - (BTCUSDT 1D chart) The key is whether it can be supported near the Fibonacci ratio range of 1.414 (79902.66) ~ 2 (80999.68) and rise above 84349.94. If not, I think it is highly likely that the trend will be determined again when it meets the M-Signal indicator on the 1M chart near 73499.86. The next volatility period is expected to start around March 15 (March 14-16) and continue around March 25 (March 24-26). The point of interest is whether it can break out of the downward channel after this volatility period. - Following USDT, USDC is also renewing its ATH. I think this is a sign that a lot of money is flowing into the coin market. Therefore, even if the current coin market falls, if USDT and USDC maintain their gap upward trend, the coin market is expected to recover quickly. Accordingly, we need to think about ways to increase the number of coins (tokens) currently held. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
3
The key is whether it can be supported and rise at 89294.25 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) After the volatility period, it shows an upward trend above the HA-Low indicator (89294.25) on the 1D chart. The key is whether it can be supported near 89294.25 and break through the M-Signal indicator on the 1D and 1W charts. If the upward breakout is successful, it is expected to lead to an attempt to rise to around 94742.35. However, since the StochRSI indicator has entered the overbought zone, I think that the area around 94742.35 is likely to act as resistance. - If it falls below 89294.25, it is likely to eventually meet the M-Signal indicator on the 1M chart, so you should think about a countermeasure for this. Accordingly, the maximum decline is expected to be around 73499.86. At this time, it is expected that the trend will be determined again when it meets the M-Signal indicator on the 1M chart. - In order to turn into an uptrend, the price must rise above the M-Signal indicator on the 1D chart and maintain its value. However, considering the currently formed support and resistance points, I think that it is highly likely to turn into an uptrend if it rises to around 94742.35 and shows support. Therefore, the section where we can proceed with the trade is 1st: 89294.25 2nd: 94742.35 I think it is possible when we see the support near the 1st and 2nd above. - In order for the uptrend to continue, it must rise above the HA-High indicator on the 1D chart. Therefore, 1st: 97226.92 2nd: 101947.24 It must break through the 1st and 2nd sections above. If not, the above section will act as resistance. - As I mentioned earlier, the StochRSI indicator has entered the overbought section. Therefore, I think it would be good to check whether it can be used as a trading reference indicator in the future by looking into how to resolve this. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
Trading is the realm of response Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- It's been a while since I made an indicator and explained it, so I'd like to take the time to introduce and explain something I heard a long time ago. (Original text) I made purchases at m-signal 1W in yesterday's fall as I see it rose above ha-low and closed above m-signals. It looks like m-signals can't prevent traps. Now I'm losing money again. I think it's better to make purchases when RSI is below 30. I don't want to feed market makers, somehow it happens over and over. - Looking at the above, it seems that the purchase (LONG) was made when the price rose above the M-Signal indicator on the 1W, 1D chart and then started to fall. If we check this on the 30m chart, it is expected that the purchase (LONG) was made near the section indicated by the circle section. I said that it would have been much better to buy (LONG) when RSI was below 30, but when RSI was below 30, it refers to the section from February 25 to March 1, so I think it's regret due to the loss. - If you look at what I explained as an idea, I said that you need to get support in the section marked with a circle to continue the upward trend. And, I said that support is important near the HA-Low indicator when it falls. Therefore, if it falls in the section marked with a circle, you should enter a sell (SHORT) position. However, if you do not see a downward trend, you should trade based on whether there is support in the HA-Low indicator. - To check for support, you need to check the movement for at least 1-3 days. Therefore, checking for support is a difficult and tedious task. Since most futures transactions are made on time frame charts below the 1D chart, you cannot check for support for 1-3 days. Therefore, you need to check the movement at the support and resistance points you want to trade and respond accordingly. - The coin market is a market where trend trading is good. Therefore, it is important to know what the current trend is. It is better to think of the basic trend based on the trend of the 1D chart. The current trend of the 1D chart is a downtrend. Therefore, the SHORT position can be said to be the main position. As mentioned earlier, in order to turn into an uptrend, support must be received within the range indicated by the circle. If not, it is likely to continue the downtrend again. Since the HA-Low indicator has been newly formed, the 89253.9 point is the point where a new trading strategy can be created. If it is not supported by the HA-Low indicator, it is likely to lead to a stepwise downtrend, so you should also think about a countermeasure for this. - What we want to know through chart analysis is the trading point, that is, the support and resistance points. You should decide whether to start trading depending on whether there is support at the support and resistance points. Even if you start trading properly at the support and resistance points you want, you must also think about how to respond to a loss cut. If you cannot think of a response plan for a loss cut, it is better not to trade at all. - Indicators are only reference materials for your decisions, not absolute. - The M-Signal indicator on the 1D, 1W, and 1M charts is an indicator for viewing trends, - The HA-Low and HA-High indicators correspond to points for creating trading strategies. The creation of the HA-Low indicator means that it has risen from the low range, and if it is supported by the HA-Low indicator, it is the time to buy. If it does not, and it falls, there is a possibility of a stepwise decline, so you should think about a response plan for this. The creation of the HA-High indicator means that it has fallen from the high range, and if it is supported by the HA-High indicator, there is a possibility of a full-scale upward trend. If not, it may fall until it meets the HA-Low indicator, so you should think about a countermeasure for this. - If the price is maintained near the StochRSI 50 indicator on the 1D chart, it is expected to lead to an increase to rise above the HA-Low indicator on the 1D chart. At this time, if it rises above the M-Signal indicator on the 1D and 1W charts, it is likely to lead to an attempt to rise near 94827.9. If not, it is likely to end as a rebound. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
Education
by readCrypto
Check if it can rise above the long-term uptrend line (1) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) In order to turn into an uptrend, the price must rise at least above the long-term uptrend line (1) and maintain the price. Accordingly, the key is whether there is support near the 2706.15-2879.90 section. If not, and it falls, the key is whether there is support near 2403.24. The reason is that it has fallen from the long-term uptrend line (1) and is located below the M-Signal indicator on the 1D, 1W, and 1M charts. Then, you need to be careful because there is a possibility of a step downtrend. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
93576.0-94742.35 : Uptrend conversion zone Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The key is whether the price can maintain above the M-Signal indicator on the 1W chart and rise above 97226.92. If it is supported near 93576.0-94742.35, it is expected to turn into an uptrend. If not, it is important whether it is supported near 89294.25. The reason is that if it falls below 89294.25 again, it is highly likely to eventually touch the M-Signal indicator on the 1M chart. This volatility period is March 3-5. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been in an upward trend since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
Important support and resistance zone: 1.0302 ~ 1.2214 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (ADAUSDT 1W chart) The key is whether it can receive support at the important support and resistance zone and rise to around 1.3678. If not, whether it can support around 0.8836 is important. - (1D chart) The key is whether it can be supported in the Fibonacci ratio range of 0.5(1.0302) ~ 0.618(1.2214). If not, whether it can be supported in the vicinity of 0.8451-0.8836 is important. The reason is that the price must be maintained above the M-Signal indicator on the 1D, 1W, and 1M charts to continue the uptrend. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto