Around 43160.0: Expected to re-establish the trend
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(BTCUSDT chart)
(1D chart)
It touched above 38745.63 on December 1 and eventually rose above 38745.63.
Accordingly, the next volatility period will be around December 9th, and the key is whether there can be a movement out of the 38745.63-41350.0 range.
Since it has risen above the first resistance range of 37779.56-38745.63, if it falls below 37253.81, there is a possibility that it will turn into a short-term downtrend.
The support zone for this short-term downtrend is
1st: 32917.17-34110.32
2nd: 28923.63(29241.72)-29850.45
You need to check whether you are supported in the first and second sections above.
If the upward trend continues, it is expected to determine the trend again around 43160.0.
However, the area expected to rise the most is around 44200.047600.0.
If that happens, it is expected that the possibility of entering a full-fledged bull market will increase as the HA-High indicator on the 1M chart is touched.
If a pull back pattern is created before that and again causes fear in the coin market, then it will be a good opportunity to buy.
If not, you should proceed with buying when support appears near the HA-High indicator on the 1M chart.
Identifying support and resistance is not an easy task.
Since this is also a case that can only be known in hindsight, the key is how to create a response strategy.
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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.
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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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1D chart)
Accordingly, the next volatility period will be around December 9th, and the key is whether there can be a movement out of the 38745.63-41350.0 range.
Since it has risen above the first resistance range of 37779.56-38745.63, if it falls below 37253.81, there is a possibility that it will turn into a short-term downtrend.
The support zone for this short-term downtrend is
1st: 32917.17-34110.32
2nd: 28923.63(29241.72)-29850.45
You need to check whether you are supported in the first and second sections above.
If the upward trend continues, it is expected to determine the trend again around 43160.0.
However, the area expected to rise the most is around 44200.047600.0.
If that happens, it is expected that the possibility of entering a full-fledged bull market will increase as the HA-High indicator on the 1M chart is touched.
If a pull back pattern is created before that and again causes fear in the coin market, then it will be a good opportunity to buy.
If not, you should proceed with buying when support appears near the HA-High indicator on the 1M chart.
Identifying support and resistance is not an easy task.
Since this is also a case that can only be known in hindsight, the key is how to create a response strategy.
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** 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 you have difficulty understanding what I am saying, think simply.
When you start studying chart analysis, study the concepts of candles, price moving averages, and support and resistance points.
At this time, various patterns or terms are not important.
In order to find support and resistance points, I think chart analysis is complete once you know how the candles are structured and the movement of the candles, that is, their importance is determined by their arrangement.
The next thing you need to study is how to create a trading strategy that suits you.
The trading strategy is
1, investment period
2. Investment size
3. Trading method and profit realization method
It can be divided into 1-3 categories above.
The most important thing in a trading strategy is the coin (token) you want to trade and the investment period for the item.
This investment period cannot be determined by any analytical technique.
Because it is the investment period that is right for you.
Then, you need to decide on the investment size and create a trading method to suit that investment period.
Therefore, the first thing to do is to find support and resistance points or sections.
When you start studying chart analysis, study the concepts of candles, price moving averages, and support and resistance points.
At this time, various patterns or terms are not important.
In order to find support and resistance points, I think chart analysis is complete once you know how the candles are structured and the movement of the candles, that is, their importance is determined by their arrangement.
The next thing you need to study is how to create a trading strategy that suits you.
The trading strategy is
1, investment period
2. Investment size
3. Trading method and profit realization method
It can be divided into 1-3 categories above.
The most important thing in a trading strategy is the coin (token) you want to trade and the investment period for the item.
This investment period cannot be determined by any analytical technique.
Because it is the investment period that is right for you.
Then, you need to decide on the investment size and create a trading method to suit that investment period.
Therefore, the first thing to do is to find support and resistance points or sections.
Comment:
****
It is time to think about selling strategies among trading strategies.
You need to create a selling strategy according to your trading strategy, that is, according to your investment horizon.
Therefore, you need to consider what the investment period is, whether it corresponds to the average purchase price appropriate for that investment period, and which coin you are invested in.
BTC or ETH can be held until the BTC halving next year.
However, the average purchase price of BTC must be below 29K.
Most altcoins are either selling 100% or making mid- to long-term investments for next year's BTC halving. Altcoins need a transaction method that increases the number of coins (tokens) corresponding to profits.
Accordingly, it is recommended to select altcoins to hold until the BTC halving next year and sell 100% of the rest to receive cash profits.
So, the question is when will the decline begin?
For this problem, I think it is better to use the box section of the HA-Low and HA-High indicators in the chart provided by our channel.
I can't say it's 100% correct, but I think it provides information appropriate to the situation.
Looking at the previous chart flow, you can see that the decline has begun when the HA-High indicator falls within the box section.
Therefore, if it falls to the bottom of the box section of the HA-High indicator and shows resistance, you should start selling.
Therefore, it is time to think about how to start selling when these downward movements occur.
It is time to think about selling strategies among trading strategies.
You need to create a selling strategy according to your trading strategy, that is, according to your investment horizon.
Therefore, you need to consider what the investment period is, whether it corresponds to the average purchase price appropriate for that investment period, and which coin you are invested in.
BTC or ETH can be held until the BTC halving next year.
However, the average purchase price of BTC must be below 29K.
Most altcoins are either selling 100% or making mid- to long-term investments for next year's BTC halving. Altcoins need a transaction method that increases the number of coins (tokens) corresponding to profits.
Accordingly, it is recommended to select altcoins to hold until the BTC halving next year and sell 100% of the rest to receive cash profits.
So, the question is when will the decline begin?
For this problem, I think it is better to use the box section of the HA-Low and HA-High indicators in the chart provided by our channel.
I can't say it's 100% correct, but I think it provides information appropriate to the situation.
Therefore, if it falls to the bottom of the box section of the HA-High indicator and shows resistance, you should start selling.
Therefore, it is time to think about how to start selling when these downward movements occur.
Comment:
The indicators that can be used to enter a position are the HA-Low indicator and the HA-High indicator.
Looking at the current ETHUSDT.P 1h chart, the HA-High indicator is rising and is showing signs of being created.
Accordingly, the box section of the HA-High indicator will be created soon.
Therefore, it is possible to enter a position using the box section.
Since the current trend of the 1D chart is LONG, you should not take your eyes off the chart when entering a SHORT position.
Looking at the current ETHUSDT.P 1h chart, the HA-High indicator is rising and is showing signs of being created.
Accordingly, the box section of the HA-High indicator will be created soon.
Therefore, it is possible to enter a position using the box section.
Since the current trend of the 1D chart is LONG, you should not take your eyes off the chart when entering a SHORT position.
Comment:
#BTCUSDT.P
It is showing signs of rising in the 39846.8-42041.1 section, which is a section where shaking can occur.
If the price holds above 42041.1, it is expected to rise above 43993.4.
If the price holds above 42041.1, it is expected to rise above 43993.4.
Comment:
#BTCUSDT.P 1h
It is necessary to check whether the HA-High indicator is generated at point 41561.8.
If the HA-High indicator is generated, you should check the movement when the box section is formed.
If the HA-High indicator is generated, you should check the movement when the box section is formed.
Comment:
#BTCUSDT.P 1h
In order to turn into a downtrend, the price must fall below the MS-Signal indicator and remain there.
Therefore, since the MS-Signal indicator is passing around 41559.6 on the 1h chart, if it does not rise above 42041.1, it is expected to face volatility in the near future.
However, since the M-Sigal indicator on the 1D chart is rising around 38395.0, it is highly likely that it will rise quickly even if it falls to around 39846.8.
Therefore, it is not easy to enter the current SHORT position.
There is movement as a new HA-High indicator is created on the 1h chart.
Therefore, if the price falls below the bottom of the box section of the HA-High indicator while touching the MS-Signal indicator and maintains the price, it is expected that it will be possible to briefly enter a SHORT position.
Therefore, since the MS-Signal indicator is passing around 41559.6 on the 1h chart, if it does not rise above 42041.1, it is expected to face volatility in the near future.
However, since the M-Sigal indicator on the 1D chart is rising around 38395.0, it is highly likely that it will rise quickly even if it falls to around 39846.8.
Therefore, it is not easy to enter the current SHORT position.
There is movement as a new HA-High indicator is created on the 1h chart.
Therefore, if the price falls below the bottom of the box section of the HA-High indicator while touching the MS-Signal indicator and maintains the price, it is expected that it will be possible to briefly enter a SHORT position.
Comment:
#BTCUSDT.P
On the BTC futures chart, the period of volatility is around December 8th.
Comment:
#BTCUSDT.P 1h
Since the volatility period starts around December 8 (December 7-9), there is a possibility that it will temporarily touch the 5EMA line on the 1D chart.
However, there is a possibility that the 5EMA line on the 1D chart will rise and touch, so you should check whether it is sideways within the currently formed box section.
Once it enters 43K, it is expected to pick up the trend again, so watch the movement carefully at this time.
If it falls below the 39846.8-42041.1 range, which is the swing range, the key is whether it can be supported near the M-Signal indicator on the 1D chart.
However, there is a possibility that the 5EMA line on the 1D chart will rise and touch, so you should check whether it is sideways within the currently formed box section.
Once it enters 43K, it is expected to pick up the trend again, so watch the movement carefully at this time.
If it falls below the 39846.8-42041.1 range, which is the swing range, the key is whether it can be supported near the M-Signal indicator on the 1D chart.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
However, in most cases, unsatisfactory results are not obtained.
I think the reason is because of psychological factors.
Therefore, the most important thing when trading is how to make your psychological state stable.
To do this, you need to create a trading strategy that suits you.
Therefore, your trading strategy should be designed to prepare for losses first.
If you have prepared a plan to deal with losses, you will naturally make profits.
Since we cannot control the price of the coin market, we must proceed with trading according to the trend formed in the coin market.
Therefore, the most important thing to look for through chart analysis is support and resistance points or sections.
In other words, it is important to find the volume profile section or the point or section where psychology operates.
The coin market must be traded by following trends.
The reason is that it is not yet in practical use.
Therefore, it can be said that it is easier to create a trading strategy than in the traditional stock market.
However, as mentioned earlier, your psychological state will affect your trading, so you will not make a large profit or will only record a loss.
When the trend is upward, it is recommended to buy when the candle on the 1D chart is a downward candle.
When the trend is down, it is recommended to buy when the candle on the 1D chart is a rising candle.
In other words, it is recommended to trade with breakout trades.
However, you need to check whether you receive support or resistance at the support and resistance points or sections.
In an uptrend, it is possible to hold for more than a short period of time, but in a downtrend, it is advantageous to trade briefly.
Therefore, it is better to keep the stop loss point when the price is down, and it is better to establish a strategy for additional purchases when the price is up.
It is also important to know whether the price is rising or falling and how far it will rise or fall through chart analysis.
However, in the end, the most important thing is to find a point or section where I can start trading.
Therefore, all you need to find through chart analysis are support and resistance points or sections.