readCrypto

An example of a trading strategy with a long-term perspective

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT chart)

(1W chart)
The importance of the 32259.90 point can be seen by looking at the chart.

Therefore, if it rises above 32259.90, a sharp uptrend is expected.

However, as seen on the 1M chart, important support and resistance areas are formed across the 35045.0-37253.81 area.

Therefore, to break above the 35045.0-37253.81 area, I think a lot of buying should be done in the current price range.

In fact, many purchases have already been made.


I think it is very unlikely that it will rise directly to the point of 43823.59, the current HA-High indicator point on the 1M chart.

It is not known how to make the horizontal line of the HA-Low indicator longer than the horizontal line of the HA-High indicator.

However, in order to continue the upward trend, the horizontal line of the HA-Low indicator must be longer than the horizontal line of the HA-High indicator.

Therefore, it is expected to create an inversion of the HA-High and HA-Low indicators.

When this reversal occurs, it is the time to make full-fledged purchases from a long-term perspective.



(1D chart)
I said that when BTC is below 29K, it is time to intensively buy BTC or ETH.

Now that the BTC price has risen above 29K, it is time to find a time to split or sell, or wait and see.

However, since it is currently located near the HA-High indicator on the 1D chart, it is possible to buy from a short-term perspective.

This short-term buy requires a quick response.


Therefore, what you should check from now on is altcoins.

You can start looking at the charts of the altcoins you have been interested in.

The first purchase of an altcoin must have been made under BTC 29K.

This is because when BTC shows volatility and rises, trading in altcoins is more accessible.

Since the 2nd purchase of altcoins is up to BTC 43K, it is necessary to proceed with the 2nd purchase while checking the movement of the chart widely.

It is expected that the full-fledged purchase of altcoins should be carried out at 43K or higher to be able to hold them stably from a long-term perspective.

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(BTCKRW chart)
The next period of volatility is around June 29th.

During this period of volatility, we need to see if there is a move out of the 37821000-40674000 range.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

This is the 81K-95K range that we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comment:
(BTC.D chart)
Looking at the 1D chart,
The HA-High indicator on the 1D chart is about to be created at the 51.28 point.

Accordingly, if it spawns at 51.28 and is supported, it is expected to rise to around 53.39.


If this rise continues, we expect altcoins to gradually move sideways or decline.

Therefore, it is not an easy time to trade altcoins.


However, if you look closely at the chart of the altcoin you want to trade, you are starting to see coins (tokens) that are supported in important support and resistance sections.

Therefore, in order to conduct transactions from a mid- to long-term perspective, the first and second purchases can be carried out gradually.


It is necessary to adjust the investment proportion because we believe that the time to buy altcoins is when BTC rises above 43K and maintains the price.


BTC dominance is expected to rise around 56.78-61.73.

If it rises above 61.73, the altcoin is expected to renew an important support and resistance zone, or low.

Therefore, when BTC maintains its price above 43K, it is time to start buying altcoins in earnest, considering this phenomenon.


Since the volatility period for BTC dominance is until June 28th, it is necessary to check the movement after that.
Comment:
(BTCUSDT chart)
The HA-High indicator on the 1D chart is falling and is about to be created.

Accordingly, it is necessary to check whether it is supported in the 29476.38-30184.24 section.

If supported and rising in the 29476.38-30184.24 area, it is expected to lead to an attempt to rise above 32259.90.


The 1D chart's HA-High indicator is created at the 29762.38 point, and if it falls below it and receives resistance, it is expected to fall to the vicinity of the 1D chart's HA-Low indicator.

Currently, the HA-Low indicator on the 1D chart is located at 25994.07, so there is a possibility of a maximum decline around 25994.07.

However, as the price decreases, the HA-Low indicator on the 1D chart may rise and be created, so it is necessary to check whether such a movement occurs.


If it falls below 29762.38,
1st : 28465.36-28923.63
2nd : 26574.53-27496.02
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
Comment:
Looking at the StochRSI indicator of the 'Strength' indicator on the 1D chart, it shows a decline in the overbought zone.

Accordingly, it is important whether it is supported or resisted in the section mentioned above, that is, in the section 29762.38-30184.24.

This is because if the StochRSI indicator shows support in the above section even though it is falling, it is likely to lead to a surge.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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