readCrypto

Introduction to one of the basic trading methods

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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Basic trading method

(How to purchase)
1. Aggressive buying when falling by more than -10%

2-1. Buy when there is an upward trend on the 1D chart (when the price is maintained above the MS-Signal indicator) and when the candle is a downward candle.

2-2. Buy when there is a downward trend on the 1D chart (when the price is maintained below the MS-Signal indicator) and when the candle breaks upward through important support and resistance points.
Therefore, buy when there is a rising candle.


(Selling method)
1. Split sale when it rises by more than +10%

2. Split selling when the high point cannot be renewed

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The basic trading methods introduced above are methods that can be traded even if you are not familiar with chart analysis.


Among these, I will take the time to explain the trading method corresponding to 2-2 of the purchasing method.


You can know the trend based on the MS-Signal indicator on the 1D chart.

Currently, it has fallen below the MS-Signal indicator, and the MS-Signal indicator has been converted to a downward indication.

Therefore, it should be interpreted that there is a high possibility that the current downward trend will continue.

Therefore, in the basic trading method, you should buy when the candle is below the MS-Signal indicator on the 1D chart, that is, when it is in a downtrend.

Therefore, you should buy after confirming that the price breaks above the support and resistance points.


Basically, you can trade using HA-High, HA-Low indicators and box sections.

If you purchased when it fell more than -10% on January 12, you can proceed with a second purchase if it rises above the HA-High indicator.


You can proceed with aggressive buying when the HA-High indicator breaks above the 43450.03 point.

In that case, you will have to sell it in installments when it appears to be rising and then falling.

If you don't like it, you should check for support at 43450.03.

In order to confirm support, it is necessary to check for at least 1-3 days after rising above 43450.03.


Have a good time.
thank you

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- 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.


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

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

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

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

** This chart was created using my know-how.

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Comment:
If there are support and resistance points obtained through chart analysis, that is, if the support and resistance points of the 1M and 1W charts are marked on the chart, you would have purchased when it rose above the 42141.24 and 42283.58 points.

The above transaction was possible from January 15th.
Comment:
Since it is in an upward trend and the candle on the 1D chart is a downward candle, it is possible to buy.

However, since it fell after breaking the HA-High indicator, there may be a further decline.

Therefore, it is a good idea to create a trading strategy with a split buying strategy.


Because it is in a downward trend, buying is possible when the candle on the 1D chart is a rising candle.

Since the price has currently fallen below the HA-Low indicator, buying is possible when it rises above the HA-Low indicator.

However, you must be careful about shaking it because the MS-Signal indicator is nearby.


It's in a downward trend.

However, since there are no support or resistance points to break upward, it is likely to lead to a further decline.


The trend has shifted to an upward trend.

Therefore, buying is possible when the candle on the 1D chart is a falling candle.

However, since it rose by breaking above the MS-Signal indicator, buying is possible when it is confirmed that it is supported by rising above the HA-High indicator.


Because it is in a downward trend, buying is possible when the candle on the 1D chart is a rising candle.
Comment:
What is the difference between ADSUSDT and DOTUSDT charts?

The biggest difference between the ADAUSDT and DOTUSDT charts is whether they are located above or below the MS-Signal indicator on the 1M chart.

ADAUSDT is likely to continue its upward trend as its price is located above the MS-Signal indicator on the 1M chart.

On the other hand, DOTUSDT is showing resistance in the MS-Signal indicator on the 1M chart, so it is difficult to say that it has turned into an upward trend yet.
Comment:
It is not a good idea to trade with just one indicator.

Therefore, you should always select support and resistance points and proceed with trading while checking the movements of secondary indicators.


I previously explained the basic trading method.

If you combine the trading method with the waves of the StochRSI indicator and proceed with trading, you will be able to further narrow down the trading timing.

The StochRSI indicator is based on the 50 point, with values below 20 being oversold and above 80 being overbought.

However, in trading, you can use it to buy when it is below 30 and sell when it is above 70.

Therefore, when the StochRSI indicator shows a downward trend as shown on the chart, you can check the movement at the support and resistance points formed at that price and proceed with the transaction.


Among the basic trading methods, I told you that you should buy when there is an upward trend and the candle on the 1D chart is a downward candle.

However, even if there are support and resistance points, there are times when it is difficult to know which candle to buy.

In that case, you can decide on a buy candle by referring to the movement of the StochRSi indicator.


Since all indicators are based on 1D charts, most indicators are reflected well on 1D charts.

However, caution must be taken as abnormal changes such as fakes or whipsaws may increase in other time frame charts.


The method of using the StochRSI indicator mentioned above can also be applied to the 1W chart.

However, there may be difficulties in selecting support and resistance points.


On low time frame charts, more fakes and whipsaw-like movements can occur, so a quick response is always necessary.

[Example of exchange chart setup]

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

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