Get started

Tradingstrategy

Split buying range: Around the 12.840-15.866 rangeHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (TradingView LINKUSD 1M Chart) The important zones for the current price position are 13.49 and 24.02. (1W chart) The important area for the current price position is 19.36. (1D chart) The important zones for the current price position are 13.83 and 19.50. Summarizing the important sections above, 1. 13.49-13.83; 2. 19.36-19.50; 3. 24.02 This applies to sections 1-3 above. -------------------------------------------------- - (Binance LINKUSDT 1M Chart) HA-High indicator: 23.976 (1W chart) HA-High indicator: 19.340 HA-Low indicator: 6.698 (1D chart) HA-High indicator: 19.479 HA-Low indicator: 13.795 The HA-Low indicator on the 1D chart is formed at the 13.795 point, so if the price holds above this point, an upward trend is likely. However, in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart, so the price must be maintained by rising above 19.479, which is the current HA-High indicator point on the 1D chart. If the price rises above the HA-High indicator on the 1W chart or the HA-High indicator on the 1M chart and maintains the price, a full-fledged upward trend is expected to begin. Accordingly, looking at the current HA-High indicator position, the last time to buy is when it shows support in the 19.340-23.976 range. In order to buy when supported near the HA-High indicator, you must make a split purchase near the HA-Low indicator. Otherwise, it is not easy to buy near the HA-High indicator. The reason is that the HA-High indicator is an indicator that is formed at the highest point. Therefore, even if you confirm support at the high point, you may not be able to purchase it in the end because you are likely to feel psychologically burdened. Currently, the box section of the HA-Low indicator on the 1D chart is formed over the 12.840-15.866 section. Therefore, you should make split purchases when you see support around the 12.840-15.866 range. The stop loss point for this purchase is when it falls below 12.840 and shows resistance. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Important section: 65233.64-70231.38Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) USDT is expected to gap up. (USDC 1D chart) USDC is also expected to increase its gap. I believe that the rising gap between USDT and USDC is a sign of funds flowing into the coin market. (BTC.D 1M chart) Rising BTC dominance means that funds are being concentrated towards BTC. Therefore, if BTC dominance maintains an upward trend, altcoins are likely to sideways or decline. In particular, if the altcoin rises beyond the 55.01-62.47 range, it is highly likely that the altcoin will see a larger decline, so you need to think about countermeasures against this. (USDT.D 1M chart) A falling USDT dominance means that the coin market is likely to rise. However, you need to check it comprehensively with BTC dominance. Therefore, if USDT dominance shows a downward trend while BTC dominance maintains an upward trend, caution is required when trading altcoins as only BTC may form a rising market. In order for the coin market to show an overall upward trend, - BTC dominance remains below 55.01 or shows a downward trend, - USDT dominance must remain below 4.97 or show a downward trend. -------------------------------------------------- ---- As funds flow into the coin market, altcoins, including BTC, are also showing an upward trend. However, since BTC dominance maintains an upward trend, it is highly likely that altcoins will not be able to keep up with BTC's rise and will gradually move sideways or even decline. (BTCUSDT 1M chart) It appears that it has touched the second section and is trying to rise to the first section. If the price is maintained above the second section, which is the most important section on the 1M chart, it is expected to continue its upward trend. (1W chart) If the price remains above the important upward channel, the upward trend is expected to remain. The HA-High indicator on the 1W chart is formed at 65233.64, so if the price holds above this point, there is a possibility of renewing the previous latest high. However, since the previous latest high is the new high (ATH), caution is required when trading. As this corresponds to the current period of volatility on the 1W chart, we need to check whether the price holds above the important rising channel and above the 56K-61K range until around the week of July 29th. If not, and it falls, there is a possibility that it will ultimately fall to around 42K-43K. Accordingly, it is necessary to check whether support is received around 53256.64 or 44200-47600. If the uptrend is maintained by renewing the previous high point, the target range is expected to be around 1.618 (88913.24). (1D chart) It is currently rising along the formed short-term upward channel. In order to show a full-fledged upward trend, the price must be maintained by rising above the HA-High indicator on the 1D chart. Currently, the HA-High indicator on the 1D chart is formed at 70231.38. Therefore, the area around 69K-70231.38 could be a resistance area. If we interpret this differently, if it shows support around 70231.38, it can be interpreted as the last buying period before a full-fledged uptrend begins. Therefore, in order to buy at the last buying period, you must have bought when it was supported and rising near the HA-Low indicator. If not, there is a possibility that you may feel psychologically uneasy when purchasing around 70231.38. If you buy with psychological anxiety like this, you may proceed with the transaction erratically, so you need to be careful. Fortunately, the HA-High indicator on the 1W chart is currently formed at 65233.64. Accordingly, from a mid- to long-term perspective, the current price position, that is, around 65233.64, corresponds to the last purchase period and thus is the buying period. This period of volatility will be around May 19 (May 18-20). Therefore, we need to see if the price can be maintained above 69K after this period of volatility. If not, and it falls below 65233.64, you should touch the important trend line, i.e. around 62791.03 and see if it rises. The box section of the HA-High indicator on the 1D chart spans 65086.86-72797.99. Therefore, even if the price rises above 70231.38 and maintains the price, there is a possibility of resistance around 72797.99, so caution is required when trading. Currently, the BW indicator appears to have touched the highest point of the overbought range. You can see that the strength of the rise is that strong. However, since the StochRSI indicator has also risen to the overbought range, the key is whether support can be received at the support and resistance points indicated on the current chart. Therefore, support around 66401.82 ~ 1.13 (67031.36) is expected to be an important issue. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next volatility period : around May 19 (May 18-20)Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) USDT and USDC are showing sideways movements. (BTC.D 1M chart) It is still sideways around 53.44-55.01. (USDT.D 1M chart) For the coin market to continue its overall upward trend, USDT dominance must remain below 4.97 or maintain a downward trend. Otherwise, the coin market as a whole is likely to show a downward trend as it rises around the Fibonacci ratio point of 0.618. therefore, - Are USDT or USDC showing a gap upward trend? - Will BTC dominance remain below 55.01 or show a downward trend? - Is USDT dominance maintained below 4.97 or showing a downward trend? You need to check if the above conditions are met. ------------------------------------------------- (BTCUSDT 1M chart) If it receives support near the second section, I think there is a high possibility of a large upward trend. However, since the buying section of this uptrend appears to have taken place over the 16362.29-28923.63 section, I think there is a possibility that it will fall to around 0.382-0.5, that is, around 46K-51K, as indicated by the Gann Box tool. Even in that sense, you can see how important the second section (56K-61K) is. (1W chart) Because we used a Volume Candles chart, the candles are spaced irregularly. The Volume Candles chart is a chart that combines trading volume with candles, allowing you to intuitively know that the thicker the candle, the more trading volume has occurred. Therefore, when looking at the current candle, I think it is difficult to say that enough trading volume has occurred to change the trend. The period of volatility on the 1W chart is expected to span the week before and after April 29th through the week before and after July 29th. At this time, the most important thing is whether the upward trend can be continued along the important upward channel. (1D chart) The key is whether it can find support near 61K and rise along the important uptrend line. The next period of volatility is expected around May 19 (May 18-20), so the question will ultimately be whether the price can be maintained above 61K. The HA-Low indicator is formed at the 62791.03 point, and the box section of the HA-Low indicator is currently formed over the 65500.0-58811.32 range. Therefore, a trend is expected to form when the price breaks out of the box area and remains there. In order for a full-fledged uptrend to begin on the 1D chart, the price must be maintained above the HA-High indicator. Therefore, the current HA-High indicator point is formed at 70231.38, so based on current standards, the price must rise above 70231.38 to maintain the price. Therefore, the final time to buy is when support appears near the HA-High indicator. However, if it rises near the HA-High indicator, you may feel pressured to buy due to psychological fear of decline. Therefore, it is necessary to proceed with aggressive buying when support is shown near the HA-Low indicator. Aggressive buying refers to a proportion that is large enough to not cause significant psychological burden even if the price plummets. However, if it falls below the HA-Low indicator and shows resistance, there is a possibility that the previous low point will be renewed, so you should think about a response plan. The creation of the HA-Low indicator means that a low point has been formed. A low point does not mean it is a bottom. In order to form a bottom section, you can tell that a bottom section has been formed when you confirm support at the low point section. Therefore, the bottom section will only be known after some time has passed. Therefore, if there is a decline in the HA-Low indicator, there is a high possibility of a cascading decline. The buying strategy around the HA-Low indicator is how to purchase whenever there is a cascading decline and how to leave coins (tokens) held for profit. If you buy and hold in this way, you will not feel much pressure to buy when it eventually shows support near the HA-High indicator. When purchasing near the HA-Low indicator, the important thing is to see whether the price is maintained above the HA-Low indicator and the MS-Signal indicator. This will allow you to reduce the number of day trading or short-term trades you do. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3
Introducing another way to display volume profile sectionsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- The indicators activated in the settings are those created by trading volume. Therefore, this indicator represents the volume profile section. The indicator that the arrow points to is the indicator I mentioned earlier. By looking at this indicator together with volume candles, you can more clearly identify the volume profile section and support and resistance sections. In addition, you can verify the start of trading by checking the movement of the BW indicator, which consists of five indicators, namely MACD, StochRSI, CCI, PVT, and superTrend indicators. BW-MACD, BW-StochRSI, BW-CCI, BW-PVT, and BW-superTrend indicators are displayed separately to help you understand the indicators. Once your trading timing has been selected, you need to create a trading strategy that suits your investment style. What is important in creating a trading strategy that suits your investment style is the investment period and investment size. Once the investment period and investment size have been decided, you must create a trading method and profit realization method using the information obtained from chart analysis. Trading methods include buying, selling, and stop loss methods. The purchase method should focus on how to lower the average purchase price by purchasing in installments. At that time, when the price falls below the stop loss point and shows resistance, you need to think about how to proceed with selling. When taking a stop loss, you must proceed according to the investment period you have set. For example, if you decide to trade within one wave as a short-term trade and proceed with the trade, but the price falls below the stop loss point, you should be able to sell 100% and then watch the situation. If the price rises after purchasing, you must proceed with selling according to the selling method. The selling method must also be carried out according to the investment period. However, the method of increasing the number of coins (tokens) corresponding to profit by selling the amount equal to the purchase amount can be continued into mid- to long-term trading even if the transaction was done through day trading or short-term trading. The reason is that the average purchase price of coins (tokens) corresponding to profits is 0. If you add other indicators to help you conduct split transactions based on price fluctuations, the chart will look like the one above. If the chart is unfamiliar to your eyes, It is recommended to view only the HA-Low, HA-High indicators and the M-Signal indicators of the 1D, 1W, and 1M charts. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Establish a trading strategy that suits your investment styleHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (QIUSDT 1M chart) The key is whether it can receive support and rise around 0.01550-0.01939. If not, it is highly likely that the flow is to create a middle section in the form of a bottom. (1W chart) Since the HA-High indicator is formed at the 0.02464 point, it is highly likely that the price will continue its upward trend if it rises above 0.02464 and maintains the price. However, since a psychological volume profile section has been formed up to the 0.03732 point, a full-fledged upward trend is expected to begin only when it rises above this point. If it falls below 0.01550 and shows resistance, it is likely to fall near the HA-Low indicator. Currently, the HA-Low indicator is formed at 0.00736. However, as the price falls, there is a possibility that a new HA-Low indicator will be created, so support near the HA-Low indicator is important. (1D chart) The HA-Low indicator is formed at 0.01560. Accordingly, the key is whether it can receive support and rise in the important area around 0.01550-0.01939. If the price falls below the HA-Low indicator and shows resistance, there is a high possibility of a cascading decline, so a countermeasure is needed. Since a volume profile section is formed at the 0.0122 point, you need to check whether you can receive support around this area. The HA-High indicator is formed at 0.02715. Since the HA-High indicator on the 1W chart is formed at the 0.02464 point, the 0.02464-0.02715 section is likely to be a resistance zone. If it receives support in the 0.02464-0.02715 range and rises, it is likely that an upward trend will begin. However, since the 0.03549-0.03732 section may again serve as a resistance section, a countermeasure is needed. -------------------------------------------------- ---- To trade by looking at this chart, you need to choose what is most important to you and decide on an appropriate investment period. If the investment period does not suit your investment style, it is better not to trade. The reason is that once you start trading, your psychological influence is likely to have a big impact on your trading. In day trading or short-term trading, it is recommended to buy when support is confirmed in the 0.01550-0.01939 range and sell around 0.02464-0.02715, the first split selling range. At this time, you must decide whether to sell 100% and receive a cash profit, or whether to sell the purchase principal amount and leave the number of coins (tokens) corresponding to the profit. For medium to long term trading, I don't think it's time to trade yet. The reason is that, as mentioned earlier, if it falls below 0.01550-0.01939, there is a high possibility of creating an intermediate section in the form of a bottom. Therefore, it is recommended to proceed with a split purchase when support appears near the HA-Low indicator of the 1M chart or the HA-Low indicator of the 1W chart. Therefore, it is most important to create a trading strategy that suits your investment style. 1. Investment period 2. Investment size 3. Trading method and profit realization method You need to create a trading strategy based on 1-3 above. Numbers 1 and 2 are to determine the investment period and investment size according to your investment style, so you can make your decision by analyzing charts and checking other coin ecosystems. Number 3 is to decide on the detailed trading method when you decide to trade, so you must select the buying, selling, and stop-loss method and decide how to realize profits accordingly. It is useful when conducting mid- to long-term transactions to reserve the number of coins (tokens) corresponding to profit rather than 100% selling. This is because the purchase price of the coin (token) corresponding to profit is 0. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
STOP Overtrading with these easy stepsDo you ever get caught in the whirlwind of overtrading? You’re taking a ton of trades because you’re bored, to make up for losses, for the sake of trading and to maybe feel productive. It’s like Netflix really. You’re watching your favorite TV series; before you know it, you’ve devoured the whole season in one sitting. Time lost and you get deep withdrawal symptoms. Well, you need to seriously stop overtrading. It’s one of the BAD habits that you can find yourself repeating. And over time, it will lead to a ton of losses, a blown account and you looking for the “next” best thing. Let’s get into it. Recognize when you’re overtrading and then simply – STOP! TO put it blunt. Overtrading refers to the excessive buying and selling of financial markets that are often driven by emotional decision-making rather than a strategic approach. This leads to low returns and increased risk. First off, it’s crucial to recognize when you’re overtrading. There are a couple of times when you could find yourself overtrading: Chasing losses This is where you try to recover from a losing streak by getting into more lower probability trades. The gamblers overconfidence The opposite can happen. You might feel invincible and the king of the trading world, after a series of successful trades. And this could get you to take on more trades, without proper analysis. And it could lead to you losing all your wins for the day. Market FOMO (Fear of Missing Out) You might see a NEWS event come out. Your buddy might have taken an enticing trade. Or you just feel there is more profits you believe you can take off the table. And so, you jumping into more trades due to the fear of missing a profit opportunity. Boredom Fever Your trader and time is passing and, you are getting bored. In fact, you’re probably feeling unproductive just seeing on your hands. And so you get into other positions to pass time or for the excitement. And you disregard, your sound market analysis. Attempting to meet unrealistic profit goals Most traders have a maximum loss per day, before they stop trading. The dangerous players try to have a minimum goal of a % win they want to achieve per day. This is dangerous. And this can lead to overtrading and more loss taking. Peer pressure Like I said, you might hear from a buddy who’s taking trades. You might hear from some economist or analyst who’s diving in. And you’ll feel peer pressure if they get you to the point to follow them. You have your own strategy, system and risk management analysis. You don’t need anything else! Got it? Top of Form So what do you do when you feel the sense of overtrading? Here are some ideas. How to stop overtrading with easy steps Take a break It’s like stepping away from a heated argument to cool off. It helps clear your head. Pick your best times and days to trade Not all hours are created equal. Know the market rhythms and dance to the beat that suits you best. Keep to your plan only Your trading plan is your roadmap. If your plan is to follow a mentor – so be it. If your plan is to follow your own strategy – Go for it. If your plan is to intraday trade, day trade, position trade or core trade – Just follow it. Don’t venture off into uncharted territory. Quality over quantity Focus on making a few high-quality trades rather than a bunch of haphazard ones. Think of it as choosing a super healthy meal over a fast-food binge. Engage in other activities Go enjoy other aspects of life. Trading isn’t EVERYTHING. Go for a walk. Play with your dog or cat. Do other business. Distract yourself with hobbies or exercise when you feel the urge to overtrade. You’ll thank yourself for not taking any unnecessary trades. Because you won’t set that dangerous precedent, which can continue at a later stage. Final words: Overtrading is doing exactly that. Taking too many trades without following your sound principles, strategy and analyses. This can lead to taking low probability trades, increasing your losses and destroying your mechanical mindset and trading strategy. Let’s sum up WHAT causes you to over trade. Chasing losses: The gamblers overconfidence: Market FOMO (Fear of Missing Out) Boredom fever Attempting to meet unrealistic profit goals Peer pressure And we covered ways to STOP overtrading by things like: Take a break Pick your best times and days to trade Keep to your plan only Quality over quantity Engage in other activities Now you know what to do to STOP OVERTRADING. Go and don’t do it!
JSE:J200Education
by Timonrosso
Intuitive chart: Volume Candles chartHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (Candles chart and Volume Candles chart) Usually, you see price and volume displayed separately on the chart. Displaying it this way has the advantage of showing the overall flow, but since it must be viewed separately, it may be difficult to interpret when a quick judgment is required. In order to trade based on movements in real time, you need to be able to quickly interpret charts. Therefore, I think it is best to check charts intuitively. TradingView Charts finally supports Volume Chandles charts. We combined trading volume with price movements to make it more intuitive and faster to check. When trading volume is high, the candles appear thick, and when trading volume is low, the candles appear thin. (Volume Candles chart) If you add indicators to your chart, you will notice that support and resistance points are more clearly visible. Starting tomorrow, we will set it up according to the Volume Candles chart and publish it. Have a good time. thank you --------------------------------------------------
Education
by readCrypto
Important section: 6.974-7.700Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (NEARUSDT 1M chart) The box section of the HA-High indicator spans a fairly large range. Accordingly, I think it is highly likely that there will be significant volatility until the box section of the HA-High indicator converges. Adding the EMA indicator to a secondary indicator can help predict the movement of the secondary indicator. In other words, adding the EMA indicator of the BW indicator or StochRSI indicator can help predict future movements. For example, if BW < BW EMA, you can know that there is a high possibility of a decline in the future, so you can have time to react. Therefore, even if the BW indicator is located at the highest point of the overbought range, this means that there is still time to change to the state of BW < BW EMA. StochRSI indicator Also, although the StochRSI indicator is showing signs of turning downward in the overbought zone, you can see that there is time to reach a state where StochRSI < StochRSI EMA. Therefore, adding the EMA indicator to various auxiliary indicators may be advantageous for interpretation. (1W chart) It received support and rose near the HA-Low indicator and is continuing a stepwise upward trend following the HA-High indicator. This is the last time to buy at the low point until the box section of the HA-Low indicator is formed and the price rises above the upper point of the box and appears to be maintaining the price. However, when the HA-Low indicator is supported and rising, it is actually not easy to proceed with the purchase. Full-fledged buying occurs when it receives support near the HA-High indicator and begins to rise. This is when the upward trend begins to become evident. In this case, if the M-Signal of the 1W chart > M-Signal of the 1M chart, you will be able to have more confidence in purchasing. If the upward trend continues, the box section of the previous HA-High indicator will be reached. The box range for the previous HA-High indicator is 10.029-17.430. Therefore, it is highly likely that you will have difficulty breaking through this section upwards. If it receives resistance and falls near 10.029, there is a high possibility that the HA-High indicator will be created again, so it is important whether it can receive support and rise near the HA-High indicator at that time. (1D chart) The key is whether it can receive support around 7.369 and rise above 8.581. If not, 1st: 6.974 2nd: 6449 3rd: 5.8-5.947 You need to check which of the 1st to 3rd levels above you receive support. Receiving support around 7.369 means receiving support in the psychological volume profile section, so there is a high possibility of creating a new trend. However, if it falls without support, there is a high possibility that selling pressure will increase, so caution is required when trading. Since the M-Signal indicator on the 1W chart is passing around 5.8, the support range is around 5.8-5.947. -------------------------------------------------- ---- - Check if it can be supported and rise near the BW indicator (7.294) on the 1M chart. - Check if the HA-High indicator can rise above the box-top point (7.700) on the 1W chart. - Check whether support can be found in the psychological sell-off range (6.974-7.322) on the 1D chart. Therefore, the current price position, that is, support in the 6.974-7.7 range, can be said to be an important key. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
4 Golden Trading Lessons: Your Roadmap to SuccessAre your ready to elevate your trading game? You’ll need these 4 golden tickets to have a chance. You might have two or three of them, but it’s important to make sure so that you’re set for the rest of your trading career. Have a read and let’s refine your trading skills. Lesson 1: Follow a Proven Strategy and Never Deviate Ever heard me say, “A rolling stone gathers no moss”? That’s your trading strategy in a nutshell! The key to success isn’t just having a strategy; it’s about taking every high probability trader, weathering through all environments and sticking to it. Why? Consistency is king. Markets move up (You profit) Markets move sideways (You lose) Markets move down (You profit). So you might as well enjoy the full journey and trading process you’re your one and only strategy. So, stay the course! Lesson 2: Only Risk What You Can Afford to Lose Here’s a tough love moment: Can you afford to lose what you’re risking? Can you take the money – cut it up – throw it to the ground and you’ll be fine? GOOD! Then you know that emotions and emergency life savings is NOT going to make the cut (no pun intended). If you are feeling highly attached to the money, step back. By only risking what you can afford, you keep emotions in check – win or lose. It’s not about fear; it’s about smart, sustainable trading. Remember, it’s a game of patience and discipline. Lesson 3: Adhere to Strict Money Management Rules This is your financial seatbelt. What are your rules? Here are some: Risk MAX 2% per trade Know where to place your stop loss and never move it when you’re losing Halt trading when the drawdown is over 20% down Never expose more than 20% of your overall portfolio Always have a plan to deposit more money to grow more money Lesson 4: Have a ‘Worst-Case-Scenario’ Plan What’s your plan when the market throws a curveball? Having a worst-case scenario plan isn’t pessimism; it’s smart trading. You know you’re going to be in drawdown around 4 months a year. You know there are consecutive losses to come with any trading strategy. You know the market environments are not always to your favour. So you need that umbrella to know when to halt trading. Whether it’s diversifying, hedging, risking less or having a cash reserve, be ready for when the market isn’t your friend. This isn’t about fear; it’s about being prepared. FINAL WORDS: These 4 Golden Trading Lessons are more than tips; they’re the pillars of successful trading. It’s about building a trading practice that’s not just profitable, but sustainable and resilient. Here are your 4 golden trading lessons. Lesson 1: Follow a Proven Strategy and Never Deviate Lesson 2: Only Risk What You Can Afford to Lose Lesson 3: Adhere to Strict Money Management Rules Lesson 4: Have a ‘Worst-Case-Scenario’ Plan
TVC:SA40Education
by Timonrosso
(Weekly expected flow) In the newly formed low point section ...Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) (USDC chart) As USDC stopped falling and rose, USDT also showed a rise in gap. I believe that the rise in the gap between USDT and USDC is a sign of new funds flowing into the coin market. I think the state of fund flow is good. However, the problem is that the flow of funds in the coin market does not seem to be very good. ----------------------------------------- (BTC.D 1M chart) With BTC dominance, the trend of BTC is unknown. The rise in BTC dominance means that funds in the coin market are being concentrated towards BTC. Accordingly, when trading altcoins, you must be careful of irregular movements such as fakes or whipsaws. (USDT.D 1M chart) The overall trend of the coin market is likely to be contrary to the movement of USDT dominance. Therefore, a decline in USDT dominance means that the overall trend of the coin market is likely to be upward. In order for the coin market to continue its upward trend, - USDT dominance must remain below 4.97 or show a decline. - USDT and USDC must maintain a rising gap. - BTC dominance should show resistance and decline around 55.01-62.47. -------------------------------------------------- -- (BTCUSDT chart) (1M charts) The state is now StochRSI < StochRSI EMA. Accordingly, we can see that the strength of the rise is weakening. However, at this time, when it receives support near the second section, it is expected to show a greater upward trend if it switches to a state where StochRSI > StochRSI EMA. If not, and it goes down, - 1st: HA 5EMA -2nd: 3rd section You need to check if you receive support near the 1st and 2nd levels above. (1W chart) The most important thing about the 1W chart is whether the price can be maintained above the important rising channel. The MS-Signal indicator (M-Signal on the 1W chart) has risen to the 56K-59K range. Accordingly, I believe that the 56K-61K section has become a more important support section to maintain the upward trend. The key is whether it can be supported and rise around 64K-69K, the upper section of the box of the HA-High indicator on the 1M chart. A period of volatility has begun on the 1W chart. This period of volatility is expected to continue until around the week of July 29th. At this time, as mentioned above, you need to check whether it can rise along the important upward channel. (Renko 1D chart) I find Renko charts very useful for identifying trends. You can see that the price needs to be maintained above 64K in order to turn upward. You can see that a full-fledged decline is likely to begin when it falls below 52K. Therefore, it should be interpreted that there is currently a movement toward a downward trend. (1D chart) A new HA-Low indicator was created for the first time on May 3rd. Accordingly, there is a growing possibility that the trend will be determined again depending on whether there is support around the HA-Low indicator point of 62791.03. The creation of the HA-Low indicator means that a low point has been formed. Therefore, when the box section of the HA-Low indicator is formed and the price rises above the upper section of the box and maintains the price, the last time to buy in the low section is the time. However, if it falls below the HA-Low indicator, it may indicate a cascading decline that renews the latest low, so a countermeasure is essential. If it is supported by the HA-Low indicator and rises to near the HA-High indicator, it is the first split selling period. The reason is that the creation of the HA-High indicator means that a high point has been formed. Therefore, if the price is maintained above the upper section of the box of the HA-High indicator, then it can be said that a full-fledged upward trend begins. You can proceed with trading depending on the characteristics of these HA-Low and HA-HIgh indicators and whether there is support near the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts). Currently, the HA-Low indicator is formed at the 62791.03 point, and the MS-Signal indicator (M-Signal on the 1D chart) is formed in the 62791.03-64K range, so the price must be maintained above 64K in order to switch to an upward trend. . If not, there is a possibility that the price may fall along the currently formed downward channel, so caution is required when trading. The next period of volatility will be around May 19 (May 18-20). Accordingly, it is necessary to check whether the price can be maintained by rising above the falling channel through a period of volatility. Since the M-Signal indicator on the 1W chart is passing around 59K, if it falls below 59K and shows resistance, there is a high possibility that it will turn into a downward trend, so a countermeasure is needed. However, it is expected that a full-fledged downward trend will begin only when it falls below the 0.786 (51606.42) to 53256.64 range. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
5
Trading is execution - USD/JPY Live trading exampleThis is a short mentoring/educational session. The USD/JPY is the pair we are trading this evening, I analyse this based on the mtf wave structure. I explained the importance of the secondary trend, as a determinant tool or information for what may happen in the future. I also shared one of my waves of success strategy using the DMI and the VMP for trade execution. Finally, after taking the trade, I explained late Mark Douglas probabilistic principles which acts as a solid foundation of our behaviour and interaction with the market.
Education
by Charts247TradingAcademy
Need to check if today's candle closes with a hammer candleHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNGO 1M chart) It is renewing its low point by falling below the HA-Low indicator point of 6.49. Touching the HA-Low indicator point means that there is a high possibility of forming a low point. A decline from the HA-Low indicator point is likely to lead to a renewed low, but also a move to form a bottom. The 1M chart should be interpreted from a long-term perspective, so it is expected to show movement to form a bottom for a long period of time. (1W chart) The HA-Low indicator is falling, showing a stepwise decline. Accordingly, it is time to buy when it rises above 1.37 and shows support. (1D chart) When you see the 1M, 1W chart, you can see that it is absolutely not the time to start trading. Additionally, the 1D chart also shows that this is not the time to start trading. However, looking at the current candlestick, there is a possibility that the trend will change. Accordingly, you need to check whether it shows an up and down movement or sideways movement at the current price range. If it is supported and rises from the HA-Low indicator, it is likely to rise near the HA-High indicator. Therefore, if there is a swing up or down from the current price position, the HA-Low indicator will be created, and if it is supported by the created HA-Low indicator and rises above 1.08, there is a possibility of a short-term uptrend. In order to continue the upward trend, it is highly likely that the HA-High indicator and MS-Signal indicator must rise above. Therefore, the key is whether it can rise above the current HA-High indicator point of 1.75. However, since the psychological volume profile section is formed around 1.25, we must first check whether it is possible to break above this section. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
NASDAQ:BNGO
by readCrypto
Draining Trading Habits: The Pitfalls to Avoid for Market SuccesYou know that trading is a mental game. And if you play it wrong, it can be very draining on the mind and the soul. Your aim is to make trading effortless and not overstressing. And to do this, you need to avoid making these draining trading habits. That’s what we’ll cover in this piece. Personalise Losses: The Emotional Pitfall Ever felt like the market is out to get you? Go look at any chart and you’ll see there were times where you would have won and would have lost. It’s a common trap. Losses are not personal attacks. And winners are not personal appraisals. They’re part and parcel of the trading game. Remember, the market is as impersonal as it gets. When you personalize losses, you cloud your judgment, making it harder to learn from mistakes. Instead you need to: Shift Your Perspective: View losses as the trading costs of doing business. And if you’re still learning, then you can see losses as tuition fees for your trading education. Keep a Trading Journal: Document your trades and reflect on your overall track record. This way you’ll see both losses and gains as part of the process. Cling to Long-term Trades: The Hope Trap Ah, the classic ‘hold and hope’ strategy. It’s easy to fall in love with a trade. It’s also easy to marry a trade or even an investment. But as a trader, you must NOT get married to a trade. See them as short term conquests where you take one – lose one win one. But know that the next one is on the way. So, how do you break free? Set Clear Exit Strategies: Before your enter a trade, know your exit points for both profit and loss. Practice Detachment: Treat each trade as just another business transaction. Or like I said – Conquest. Always checking your trades: The Anxiety Generator Checking your trades every five minutes? ‘ This can turn into an obsession. I must say. This is not a good for your stress levels and your trading performance. This habit can turn trading into a nerve-wracking obsession. So instead: Set Alerts: Use technology to your advantage. Set alerts for price movements. Schedule Check-ins: Limit how often you check your trades. Discipline is key! Overstress about trades: The Health Hazard Stress is the silent killer in trading. It not only harms your health but also impairs your decision-making abilities. So, how do we keep our cool in the heat of the market? Practice Mindfulness: Meditation and mindfulness can work wonders for stress management. Maybe even self-hypnosis at night to manage your worries, stress and to compartmentalize them. Physical Activity: Regular exercise helps in reducing stress and improving focus. You’ll be surprised what a simple walk, exercise or even punching the old bag can do to calm your mind. The complaint department: Trading’s Emotional Baggage Complaining about trades is like carrying around a bag of emotional bricks. It’s exhausting! It’s heavy on you! And it’s just plain unnecessary. This habit breeds negativity and affects your mindset. Focus on Solutions: Instead of complaining, channel your energy into finding solutions through your track record and money management strategies. Seek Constructive Feedback: Engage with a trading community for support and advice. FINAL WORDS: Your job is to manage stress, worry and to make trading as effortless and as easy as possible. This requires some physical and mental activities. And not just once off. On an ongoing basis… Let’s sum up the draining trading habits so you know what NOT to do. Personalise Losses: The Emotional Pitfall Cling to Long-term Trades: The Hope Trap Always checking your trades: The Anxiety Generator Overstress about trades: The Health Hazard The complaint department: Trading’s Emotional Baggage
JSE:J200Education
by Timonrosso
Support zone: 3025.27-3321.30Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) The HA-High indicator is formed at the 3321.30 point, so the key is whether it can support and rise around this point. If it falls, you should check if there is support around the MS-Signal (M-Signal on 1M chart) indicator as it is passing around 2531.05. (1W chart) The 3025.27-3321.30 section is an important section. Accordingly, the key is whether it can receive support and rise around the 3025.27-3321.30 area. If it falls, you need to check whether it can be supported in the psychological volume profile section. However, since the MS-Signal (M-Signal on the 1W chart) indicator is formed around 3025.27, if it falls below the MS-Signal indicator, you must prepare for a decline. (1D chart) The key is whether the price can be maintained above the MS-Signal (M-Signal on 1D chart) indicator and rise above 3321.30. If not, you should check for support around 3025.27. This volatility period lasts until April 30th. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
📈💡 BTC and PYR Trading Strategy 🌐💱📉 Market Analysis: BTC has reached a support area, potentially signaling a relief bounce. This presents a scalp trading opportunity for BTC and PYR. 🔄 Trading Plan: Enter a spot long trade in the current $4.50 - $4.65 support area. Take Profit at the next resistance area between $4.90 - $5.00. ⚠️ Risk Management: Set a tight stop loss just below $4.40 to mitigate potential losses. Acknowledge trading against the higher time frame trend and be prepared to exit if the market turns back to the downside. 📣 Stay vigilant for market developments and adjust trade plans accordingly! 📰💹 #BTC #PYR #TradingStrategy 🌐💱
Long
by Richtv_official
5 Hidden Dangers of Trading with FOMOIn the previous TradingView article we spoke about FOMO (Fear of Missing Out). And why it is really not necessary to deal with. There is always the next trade coming. There is always another opportunity coming your way. There is always time to take the next one. No we are going to unpack the five hidden dangers of trading with FOMO and how to sidestep them like a pro. The Emotional Rollercoaster: Stress & Anxiety Remember when I said. “Trading is not just a financial challenge, but an emotional marathon”? That’s never more true than when FOMO kicks in. When you miss a trade, I know that you could feel stress and anxiety creeping in. You feel like you’ve missed the most important trade of the year. Well guess what, you might have missed one trade – but that’s it. Success is based on 1,000s of trades not just one. So the key is to remember this, so you eradicate the feelings of stress and anxiety next time you miss a trade. The Short-Term Mirage: Losing Sight of Long-Term Goals FOMO pushes you to focus on short-term gains. Yes it’s important to try and spot high probability trades on a daily basis. But, if you miss the trade – just go on and look for another. There is bound to be more ready for you to execute or at least prepare for. And while you’re at it, remember these are lessons to help you to be more punctual and vivid with your trades. Following the Herd: The Danger of Sheep Behaviour Ever heard the saying, “If your friend jumps off a bridge, would you do it too?” That’s FOMO in a nutshell. YOUR job is NOT to take a trade based on what your friend, foe, analyst or stranger tells you to buy or sell. Your job is to either follow your own trading plan and strategy or your mentor’s. Resist the urge to follow the flock and rather, trust your own research, strategy and instincts. You’ll form Bad Habits Each time you give in to FOMO and you take a trade for the sake of it, you’re not just making a bad trade. You’re also cultivating bad habits for the future. And once the bad habit forms, it then cultivates and becomes harder to escape from it. Break the cycle by sticking to your disciplined trading routine. You’re better than that! Ignored analysis When you have that FOMO you want to then take impulse trades. And all your hard work and analyses and discipline is thrown out of the window. It’s like trying to navigate yourself without a map or GPS. And you’re depending on your instincts or your “memory”. It’s a very risky gamble and it could take a LOT longer to find your way. Don’t go against the strategy. Don’t take trades for the sake of it. Don’t have FOMO because you missed one or two trades. Just keep to your strategy and move on. It’s your trading compass for a reason. FINAL WORDS 🚀🌟: Trading with FOMO is like sailing in stormy seas – it’s risky, stressful, and often leads to nowhere good. Let’s go other the 5 danger of trading FOMO Stress & Anxiety: Keep emotions in check and stick to your trading plan. Short-Term Focus: Remember your long-term goals and don’t get distracted by short-lived trends. Sheep Behaviour: Be an independent thinker, not a follower. Bad Habits: Avoid developing harmful trading habits by maintaining discipline. Ignored Analysis: Trust in your research and analysis; they are your best tools for successful trading.
JSE:J200Education
by Timonrosso
XAUUSD How to Scalp Trade on the 5 and 15min TimeframeTaking a look at Gold metals, we had quite the correction in the past 24 hours so I'm now looking to bottoming action to scalp trade on the small timesframes. This video explains a quick in and out strategy that I use when bottoming or topping action has been detected. Little by little with small scalps actually yeilds greater profit in a shorter period of time than just looking for an entry, holding and then hoping to exit at the right time. Send me a DM if you have any questions about this technique. That's it - That's all Trade Safe
OANDA:XAGUSDLong
by Michael_Harding
🟢📈 Market Update: BTC Breakout Potential! 📈🟢📊 Analysis: Market Movement: The market opened with a bullish tone, with BTC attempting to break through the top of the range support area at $66,000. Key Levels: Watch the 0.618 – 0.786 Fibonacci retracement level closely, spanning $68,000 - $70,000. Potential Scenario: A successful break above this level could lead BTC to retest the all-time high at $73,800. Risk Awareness: If BTC faces rejection, it may signal further downside, necessitating cautious risk management. 📈 Trading Strategy: Observation: Monitor BTC's price action around the key Fibonacci retracement levels. Entry: Consider long positions if BTC breaks convincingly above $70,000. Targets: Target potential retest of the all-time high at $73,800. Risk Management: Implement appropriate stop-loss measures to manage downside risk in case of rejection. 🚦 Stay Alert: Market trends may shift rapidly, so stay vigilant for changes in price dynamics! 📊📉 #BTC #MarketAnalysis #TradingStrategy 🌟📈
by Richtv_official
1
The key to interpreting indicators is support and resistanceHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BNBUSDT 1M chart) If the price holds above 0.618 (528.6), the upward trend is expected to continue. When the candle closes around 0.618 (528.6), you should check whether a new HA-High indicator is created. Also, you should check if the StochRSI indicator switches to a bearish indicator. If it falls below 0.618 (528.6) and shows resistance, it is likely to fall to around 427.2. Accordingly, if it falls below 511.4, it is recommended to sell part of it to prepare funds to respond to the decline. (1W chart) The box section of the HA-HIgh indicator covers a fairly large range (211.7-669.3). Accordingly, the key is whether it can receive support and rise in the 533.9-645.2 section, which is the upper section of the box of the HA-High indicator on the 1M chart. However, since a psychological volume profile section is formed over the 573.0-649.5 section, the upward trend is expected to continue only when it rises above this section. Therefore, if it falls below the 511.4-533.9 range, 1st: 427.2 2nd: 320.9-332.4 You need to check if you receive support around the 1st and 2nd levels above. However, since the M-Signal (MS-Signal) indicator on the 1W chart is passing around 0.5 (466.3), it is important whether it can be supported and rise around 427.3-466.3. The StochRSI indicator shows a decline below the midpoint. We need to see if the StochRSI indicator can turn upward. (1D chart) The key is whether the price can be maintained by rising above 588.9. If the price remains above the M-Signal (MS-Signal) indicator on the 1D chart, it is time to buy. Therefore, the current section corresponds to the buying period. If it falls below 555.8, it may lead to a further decline, so you need to think about a response plan. -------------------------------------------------- -- What I wanted to talk about in the BNBUSDT chart is the flow of the BW indicator and StochRSI indicator. The BW indicator is - 1M chart: Located at the highest point of the overbought zone - 1W chart: Located in overbought zone - 1D chart: Located in oversold area The StochRSI indicator is - 1M chart: Located in overbought zone - 1W chart: falling below the midpoint - 1D chart: About to rise into the overbought zone As shown above, the positions where they are formed are different. Therefore, I think it is highly likely that the shaking will continue to show the flow in the same location and direction. In this case, what is important is how long you have been trading this coin. Depending on the period during which the transaction was carried out - Short-term perspective: Respond to the trend on the 1D chart - Mid- to long-term perspective: Respond to the trend of the 1W chart - Long-term perspective: Respond to the trend of the 1M chart As shown above, you need to look at which chart to create a trading strategy. However, I think the 1W chart is usually the chart that expresses the overall trend well. Therefore, I think the 1W chart is most appropriate when analyzing trends. The movements of the BW indicator and StochRSI indicator on the 1M chart are quite slow. Therefore, it is difficult to refer to the BW indicator and StochRSI indicator on the 1M chart when trading. However, when a new candle is created, it is possible to roughly know what it will look like in the future based on changes in the BW indicator and StochRSI indicator. The fact that the BW indicator is located at the highest point of the overbought range also means that the likelihood of a future decline increases. Therefore, from a long-term perspective, it is necessary to respond to declines. The BW indicator on the 1W chart is located in the overbought section, and the StochRSI indicator shows a decline below the mid-price point. Accordingly, you need to check for support and resistance points near the current price and think about how to respond. The HA-High indicator on the 1W chart appears to be newly created at the 555.8 point. If the HA-High indicator on the 1W chart is created at the 555.8 point, you need to check whether it can be supported and rise around that area. The creation of the HA-High indicator means that a high point has been formed. Therefore, it means that the 555.8 point corresponds to the high point. Since the previous HA-High indicator point was 522.0, it is highly likely that the high point will be renewed only if it is supported and rises around 522.0-555.8. If it fails to do so and falls, it will basically fall near the HA-Low indicator. However, it is not easy to meet the HA-Low indicator because it is highly likely that support and resistance points have been formed until the HA-Low indicator is met. A representative indicator is the MS-Signal indicator. The BW indicator on the 1D chart is located in the oversold zone, and the StochRSI indicator is showing signs of entering the overbought zone. If the BW indicator shows an upward trend when a new candle is created, it is likely to lead to a further rise. Otherwise, if a horizontal line is created in an overbought area, you must respond depending on whether there is support at that horizontal line point. When the StochRSI indicator rises into the overbought zone, it means that the strength of the rise is strong. Therefore, it is likely to rise. Therefore, if the BW indicator also shows an upward trend when the StochRSI indicator shows a strong upward trend, it means that there is a high possibility that the price will rise from the support and resistance points of the current price. At the current price position, the support zone is the MS-Signal indicator and the resistance zone is the HA-High indicator. If this is expressed numerically, it falls within the range 555.8-588.9. Indicators depicted on charts are likely to be lagging. Therefore, in order to check these lagging indicators, there must be support and resistance points drawn on the 1M, 1W, and 1D charts. Otherwise, you need to be careful as there is a possibility of big losses due to a slow response. When using an indicator, it must be interpreted in accordance with the core interpretation method of the indicator. If you try to interpret it by including additional transaction methods, you should avoid it as it may lead to transactions taking place in the wrong direction. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key is whether it can receive support and rise around 136.92Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (SOLUSDT 1M chart) The 136.92 point is the HA-High indicator point. Therefore, the key is whether it can be supported and rise around 136.92. (1W chart) Since the MS-Signal indicator is formed over the range of 0.618 (119.71) to 0.707 (135.56), the key is whether it can be supported and rise in this range. If this fails and it falls, it is expected to fall to around 0.5 (98.71). In other words, you need to check if it can be supported and rise near the M-Signal indicator on the 1M chart. Since the HA-High indicator was formed at the 168.41 point, it is likely that an uptrend will begin if it rises above this point. (1D chart) The StochRSI indicator is showing an upward trend in the oversold range, but considering the current setting value of the StochRSI indicator, it must rise above 30 during trading to be considered to be out of the oversold range. Therefore, it cannot be said that it is out of the oversold zone yet. However, if StochRSI > StochRSI EMA remains, the possibility of an upward rise increases, so the key is whether it can receive support and rise around 136.92. Currently, the horizontal point of the BW indicator is formed at 153.16. Therefore, it is time to buy only when the price rises above 153.16 until a new horizontal point of the BW indicator is created. Therefore, if support is confirmed around 136.92, proceed with aggressive buying. If you encounter the horizontal point of the newly created BW indicator or the MS-Signal indicator around 153.16, you should sell it in installments. This is the basic trading strategy of aggressive buying. However, depending on the situation, you can either sell 100% or sell the purchase principal amount. As mentioned earlier, full-scale purchase is - horizontal point of the BW indicator, - MS-Signal indicator, - HA-High, HA-Low indicators, - Support and resistance points drawn on 1M, 1W, 1D charts This is possible when it is confirmed that you are supported in the above areas. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
The Anti: A Super Powerful 1:1 SetupIn this video, I discuss The Anti a trade first mentioned by Linda Raschke in her 1996 book Street Smarts. Her version used a Stoch indicator but, I prefer a modified MACD indicator. To take this setup, you first need an indication of market reversal. In our case that will be climatic activity. So this trade has 4 parts: Climatic activity or other indication of possible market reversal First leg MACD or Stoch slow line change of trend MACD or Stoch fast line hooking back into the slow line (against the trend)
GEducation
by JoeRodTrades
3
About BW indicators...Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- We have not disclosed the detailed settings and formulas of the indicators below, but we will disclose them in the future when we deem it is time to do so. Please understand this. There are quite a few indicators that are displayed on the chart but are difficult to understand because they do not have explanations. Among them, this time I will take the time to explain the BW indicator. The BW indicator comprehensively evaluates MACD, StochRSI, CCI, supertrend, and PVT indicators to distinguish between uptrends and downtrends based on the 0 point. (MACD indicator) MACD = (fast + slow) / 2 Signal = EMA of MACD MACD > Signal: +1 point MACD = Signal: 0 points MACD < Signal: -1 point (StochRSI indicator) StochRSI = (K + D) / 2 StochRSI > 50: +1 point StochRSI = 50: 0 points StochRSI < 50: -1 point (CCI indicator) CCI > 0: +1 point CCI = 0: 0 points CCI < 0: -1 point (supertrend indicator) direction < 10: +1 point direction = 0 : 0 points direction > 10 : -1 point (PVT indicator) PVT > Signal: +1 point PVT = Signal: 0 points PVT < Signal: -1 point It is displayed in the secondary indicator using the same calculation method as above. To make it easier to view, we made it appear on the price chart. Therefore, we have made it possible to check more intuitively by referring to the BW indicator point displayed on the price chart when trading. To use this indicator, simply share this idea and then paste it into your own chart. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
INDEX:ETHUSD
by readCrypto
1
Check whether HA-Low indicator is createdHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) The price is located near 0.5 (3097.94), falling below 3321.30. If it fails to rise above 0.5 (3097.94), it is expected to fall to around 0.382 (2647.80). If the price remains above the MS-Signal indicator, it is expected to eventually continue its upward trend. (1W chart) We need to check whether it can be supported and rise in the psychological volume profile area, that is, around 2621.99-3025.27. The 3025.27 point is the HA-High indicator point on the 1W chart, so if it is supported and rises, I think there is a high possibility of renewing the high point. In addition, if the price is maintained above the MS-Signal indicator, the upward trend is expected to continue, so the current price position can be said to fall into an important support and resistance zone. (1D chart) When the BW indicator is horizontal, you need to check whether it is supported near that point. At this time, if the StochRSi indicator rises from the oversold range or becomes StochRSI > StochRSI EMA, then it is time to buy. Since the 3025.27 and 3321.30 points correspond to the HA-High indicator points on the 1W and 1M charts, the important question is whether the price can be supported and rise in the 3025.27-3321.30 section. The next period of volatility will be around April 26-29. Accordingly, we will have to wait and see whether the price can be maintained above 3025.27. If a new HA-Low indicator is created, it is important whether the HA-Low indicator can be supported and rise. This is because the creation of the HA-Low indicator means that a low point has been formed. Therefore, if it falls below the HA-Low indicator, it is likely to lead to a stepwise decline. Conversely, if it is supported and rises by the HA-Low indicator, it will be a good buying zone. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 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 that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2