See if you can create a pull back pattern
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(BTCUSDT chart)
Even if it is a movement that anyone can see, your trading strategy can completely change depending on what you react to.
Coin markets follow trends.
Therefore, trading is carried out using the corresponding analysis techniques.
However, what is important is whether you can set the corresponding support and resistance points.
(1M charts)
Therefore, it was an opportunity to confirm that the HA-High indicator point, 43826.59, was an important support and resistance point.
HA-Low and HA-High indicators are trading indicators created using Hikinashi.
Accordingly, you can start or end a transaction when the HA-Low or HA-High indicators are touched.
It rises for the first time and touches the HA-High indicator, but is unable to maintain the price above the HA-High indicator and is falling.
Accordingly, if the price does not rise above the HA-High indicator quickly, it may lead to a decline to touch the HA-Low indicator, so we need to think about ways to respond.
However, since the HA-Low indicator has not yet been created on the 1M chart, it is necessary to check support and resistance points.
(1W chart)
I think the most important chart to see trends in the coin market is the 1W chart.
Therefore, the most important factor is whether the 1W chart shows a trend reversal.
Looking at the current chart, you can see that Hikinashi is maintaining a strong upward trend as it has not yet fallen below the opening price.
It is necessary to check whether it will touch Hikinashi's opening price or lower when a candle is created next week.
The indicator that plays an important role in determining the HA-Low and HA-High indicators is the RSI indicator.
Therefore, when the RSI indicator falls from the overbought range, there is a high possibility that a new HA-High indicator will be created.
Currently, the RSI indicator is located at 34.27(+50) = 84.27.
Usually, the overbought range of the RSI indicator is above 70, so you can see that a larger decline is necessary to get out of the overbought range.
Accordingly, when the 1W chart falls to the 37253.81-38531.90 range, it is believed that the RSI indicator is likely to move out of the overbought range.
Therefore, if the decline continues, the first support zone is expected to be the 37253.81-38531.90 zone.
(1D chart)
I told you that the 43823.59 point is an important section in re-determining the trend.
The reason can be seen in the previous article.
In that case, I think the key is how much it has to fall from the 43823.59 point to be considered a downward trend.
I think the 1D chart is a chart interpreted from a short-term perspective.
Therefore, the trend can change based on the MS-Signal (M-Signal in 1D chart) indicator.
The MS-Signal indicator is currently touched.
Accordingly, an important question is whether the price can be supported and rise in the current range, 39845.44-42053.66.
If the price falls below the MS-Signal indicator and the MS-Signal indicator switches from a bullish sign to a bearish sign and continues to hold the price, there is a high possibility that it will eventually turn into a bearish trend.
Therefore, until such a movement is seen, you should think of it as a short-term upward trend and react accordingly.
As I have said before, the section most likely to create a short-term pull back pattern is when it falls near the MS-Signal indicator.
Therefore, the current decline must be viewed as significant.
As I said, when it rises above the 43823.59 point, it is time to split and sell, if it shows support in the current range, it is time to purchase additional items because it is highly likely to form the bottom of a pull back pattern.
At this time, the important thing is that if you make additional purchases and the price falls below the support range, you must take a stop loss.
In other words, if it falls below 39845.44, a stop loss is required for the additional purchases.
Since the HA-High indicator is likely to be created at the 43450.03 point, it is important whether it can rise above 43450.03 quickly.
To do so, it is necessary to check whether it is supported and rising in the 39845.44-42053.66 range.
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In the coin market, it is best to trade by following trends.
However, you must find support and resistance points to follow the trend and create a trading strategy accordingly.
Therefore, your target point is likely to have a detrimental effect on creating your trading strategy.
I believe that if you identify movements at support and resistance points and respond with a trading strategy that can reduce losses, you can ultimately end up with a successful trade.
The current section is a section where you need to find a time to buy, not a section where you need to worry about stop loss.
If you are worried about stop loss, it means that you did not split the sale around 43823.59.
Therefore, you need to make efforts to reduce your greed toward your target point.
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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)
Coin markets follow trends.
Therefore, trading is carried out using the corresponding analysis techniques.
However, what is important is whether you can set the corresponding support and resistance points.
(1M charts)
HA-Low and HA-High indicators are trading indicators created using Hikinashi.
Accordingly, you can start or end a transaction when the HA-Low or HA-High indicators are touched.
It rises for the first time and touches the HA-High indicator, but is unable to maintain the price above the HA-High indicator and is falling.
Accordingly, if the price does not rise above the HA-High indicator quickly, it may lead to a decline to touch the HA-Low indicator, so we need to think about ways to respond.
However, since the HA-Low indicator has not yet been created on the 1M chart, it is necessary to check support and resistance points.
(1W chart)
Therefore, the most important factor is whether the 1W chart shows a trend reversal.
Looking at the current chart, you can see that Hikinashi is maintaining a strong upward trend as it has not yet fallen below the opening price.
It is necessary to check whether it will touch Hikinashi's opening price or lower when a candle is created next week.
The indicator that plays an important role in determining the HA-Low and HA-High indicators is the RSI indicator.
Therefore, when the RSI indicator falls from the overbought range, there is a high possibility that a new HA-High indicator will be created.
Currently, the RSI indicator is located at 34.27(+50) = 84.27.
Usually, the overbought range of the RSI indicator is above 70, so you can see that a larger decline is necessary to get out of the overbought range.
Accordingly, when the 1W chart falls to the 37253.81-38531.90 range, it is believed that the RSI indicator is likely to move out of the overbought range.
Therefore, if the decline continues, the first support zone is expected to be the 37253.81-38531.90 zone.
(1D chart)
The reason can be seen in the previous article.
In that case, I think the key is how much it has to fall from the 43823.59 point to be considered a downward trend.
I think the 1D chart is a chart interpreted from a short-term perspective.
Therefore, the trend can change based on the MS-Signal (M-Signal in 1D chart) indicator.
The MS-Signal indicator is currently touched.
Accordingly, an important question is whether the price can be supported and rise in the current range, 39845.44-42053.66.
If the price falls below the MS-Signal indicator and the MS-Signal indicator switches from a bullish sign to a bearish sign and continues to hold the price, there is a high possibility that it will eventually turn into a bearish trend.
Therefore, until such a movement is seen, you should think of it as a short-term upward trend and react accordingly.
As I have said before, the section most likely to create a short-term pull back pattern is when it falls near the MS-Signal indicator.
Therefore, the current decline must be viewed as significant.
As I said, when it rises above the 43823.59 point, it is time to split and sell, if it shows support in the current range, it is time to purchase additional items because it is highly likely to form the bottom of a pull back pattern.
At this time, the important thing is that if you make additional purchases and the price falls below the support range, you must take a stop loss.
In other words, if it falls below 39845.44, a stop loss is required for the additional purchases.
Since the HA-High indicator is likely to be created at the 43450.03 point, it is important whether it can rise above 43450.03 quickly.
To do so, it is necessary to check whether it is supported and rising in the 39845.44-42053.66 range.
-------------------------------------------------- ------------
In the coin market, it is best to trade by following trends.
However, you must find support and resistance points to follow the trend and create a trading strategy accordingly.
Therefore, your target point is likely to have a detrimental effect on creating your trading strategy.
I believe that if you identify movements at support and resistance points and respond with a trading strategy that can reduce losses, you can ultimately end up with a successful trade.
The current section is a section where you need to find a time to buy, not a section where you need to worry about stop loss.
If you are worried about stop loss, it means that you did not split the sale around 43823.59.
Therefore, you need to make efforts to reduce your greed toward your target point.
--------------------------------------------------
- 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.
---------------------------------
Comment:
Day trading should be done when volatility is high.
In a calm wave, this is the stage where you are preparing for a short-term or longer transaction.
I think there is something wrong with the logic that we should refrain from day trading just because there is a strangely large decline.
When trading as the price rises, you should proceed with day tading while reducing the proportion of your investment.
Otherwise, if you continue to do day trading with the same proportion or increasing the proportion, you will end up buying at the highest point.
So, I think we can say that it is better not to do day trading.
No matter what investment period you trade with, you must decide on a trading strategy appropriate for that investment period: investment proportions, trading method, and profit realization method.
If you are not earning consistent profits through day trading, you need to check the trading strategy you have created.
The idea that chart analysis is a trading strategy is a misconception.
You must create a trading strategy and trade it.
In a calm wave, this is the stage where you are preparing for a short-term or longer transaction.
I think there is something wrong with the logic that we should refrain from day trading just because there is a strangely large decline.
When trading as the price rises, you should proceed with day tading while reducing the proportion of your investment.
Otherwise, if you continue to do day trading with the same proportion or increasing the proportion, you will end up buying at the highest point.
So, I think we can say that it is better not to do day trading.
No matter what investment period you trade with, you must decide on a trading strategy appropriate for that investment period: investment proportions, trading method, and profit realization method.
If you are not earning consistent profits through day trading, you need to check the trading strategy you have created.
The idea that chart analysis is a trading strategy is a misconception.
You must create a trading strategy and trade it.
Comment:
There is no need to be proud that you are currently making a profit, and there is no need to be upset if you are losing money.
All you have to do is create a trading strategy and respond to the support and resistance points of the coin (token) you are looking at.
Investing is a psychological battle.
If you let your psychological state become excited or anxious, it can ultimately have a negative impact on your trading.
Therefore, it is important to try to make your psychological state as stable as possible.
All you have to do is create a trading strategy and respond to the support and resistance points of the coin (token) you are looking at.
Investing is a psychological battle.
If you let your psychological state become excited or anxious, it can ultimately have a negative impact on your trading.
Therefore, it is important to try to make your psychological state as stable as possible.
Comment:
#BTCUSDT 1D
The next period of volatility will be around December 18th.
You need to check which direction it deviates from the 39845.44-42053.66 section.
You need to check which direction it deviates from the 39845.44-42053.66 section.
Comment:
#BTCUSDT 1D
You need to check whether you can receive support in the 43160.0-43823.59 section.
In particular, the key is whether the price can be maintained by rising above the HA-High indicator point of 43450.03.
If not, we need to see if we can hold the price above 42053.66.
In particular, the key is whether the price can be maintained by rising above the HA-High indicator point of 43450.03.
If not, we need to see if we can hold the price above 42053.66.
Comment:
#BTCUSDT.P 1h
The HA-High indicator on the 1D chart was touched.
Accordingly, the key is whether the price can be maintained above the 5EMA indicator on the 1D chart and rise to the 43477.9-43993.4 range or higher.
If it falls below the 5EMA on the 1D chart, it may lead to a further decline, so a countermeasure is needed.
At this time, the key is whether support can be obtained around 42041.1.
Accordingly, the key is whether the price can be maintained above the 5EMA indicator on the 1D chart and rise to the 43477.9-43993.4 range or higher.
If it falls below the 5EMA on the 1D chart, it may lead to a further decline, so a countermeasure is needed.
At this time, the key is whether support can be obtained around 42041.1.
Comment:
Observing trends beyond the short term while trading futures is only possible with low leverage.
In other words, it is only possible when the leverage is around x2-x3.
If you set the leverage to x5 or more, you must trade while taking profits through day trading.
I think the 1W chart is an important chart for checking trends in spot trading.
Therefore, unless it is day trading, I think it is better to trade according to the trend of the 1W chart.
However, for actual trading, it is recommended to look at the 1D chart.
This is because you can check the detailed split transaction points.
I believe that winning or losing in trading is determined by how stable your psychological state is.
Therefore, no matter how low the price you purchase, as the price rises, your psychological state may become excited or anxious, so split trading is necessary to stabilize this psychological state.
If it takes a long time to stabilize your psychological state, you may end up making erroneous transactions, so you should try to stabilize your psychological state as quickly as possible.
(1D chart)
What we can do now is how to stabilize our psychological state from around December 18th (December 17-19th) to around December 25th, when BTC's next period of volatility begins.
(1W chart)
The trend is upward.
However, the key is how to touch the HA-High indicator.
Therefore, we need to check whether the current upward trend will continue and rise to around 59370.07, the current HA-High indicator point, or whether the price will be adjusted and the HA-High indicator will fall and be created.
If there is a price adjustment, it is important to see whether the HA-High indicator appears to be newly created when it falls around 37253.81-38531.90.
The reason is that I believe that the upward trend line (1) is an important trend line.
Since Haikinashi has never touched below its current market price (open), the strength of the rise can be seen as quite strong.
Accordingly, the StochRSI indicator is still in the overbought zone.
However, since the Histogram indicator of the StochRSI indicator is showing a downward trend, there is a possibility that it will touch Hikinashi's opening price when next week's candle is created.
If that happens, there is a possibility that Haikinashi will show a downward trend for the first time since the uptrend began.
We try to buy at lower prices.
Therefore, we try to buy when the price falls below the current price.
However, when the decline begins, it is often impossible to purchase in a certain section.
In the end, I think most people buy when the price rises again to the point where the decline began.
Therefore, I think it is better to purchase with a low proportion in the current range.
This is because you will be tempted to buy when the price falls.
A low proportion means a proportion at which one's psychological state is not greatly affected even if the price falls by more than -20%.
In order to buy in the current section, you must buy when the 1D chart shows support at important support and resistance points or sections.
In other words, it is recommended to proceed with buying when support is shown near the MS-Signal (M-Signal on 1D chart) indicator.
If you look at the 1D chart of all current coins (tokens), you can see that the number of coins (tokens) that are touching the MS-Signal (M-Signal on 1D chart) indicator or starting to fall below is increasing.
Therefore, if it shows signs of support, additional purchases should be made.
In other words, it is only possible when the leverage is around x2-x3.
If you set the leverage to x5 or more, you must trade while taking profits through day trading.
I think the 1W chart is an important chart for checking trends in spot trading.
Therefore, unless it is day trading, I think it is better to trade according to the trend of the 1W chart.
However, for actual trading, it is recommended to look at the 1D chart.
This is because you can check the detailed split transaction points.
I believe that winning or losing in trading is determined by how stable your psychological state is.
Therefore, no matter how low the price you purchase, as the price rises, your psychological state may become excited or anxious, so split trading is necessary to stabilize this psychological state.
If it takes a long time to stabilize your psychological state, you may end up making erroneous transactions, so you should try to stabilize your psychological state as quickly as possible.
(1D chart)
(1W chart)
However, the key is how to touch the HA-High indicator.
Therefore, we need to check whether the current upward trend will continue and rise to around 59370.07, the current HA-High indicator point, or whether the price will be adjusted and the HA-High indicator will fall and be created.
If there is a price adjustment, it is important to see whether the HA-High indicator appears to be newly created when it falls around 37253.81-38531.90.
The reason is that I believe that the upward trend line (1) is an important trend line.
Since Haikinashi has never touched below its current market price (open), the strength of the rise can be seen as quite strong.
Accordingly, the StochRSI indicator is still in the overbought zone.
However, since the Histogram indicator of the StochRSI indicator is showing a downward trend, there is a possibility that it will touch Hikinashi's opening price when next week's candle is created.
If that happens, there is a possibility that Haikinashi will show a downward trend for the first time since the uptrend began.
We try to buy at lower prices.
Therefore, we try to buy when the price falls below the current price.
However, when the decline begins, it is often impossible to purchase in a certain section.
In the end, I think most people buy when the price rises again to the point where the decline began.
Therefore, I think it is better to purchase with a low proportion in the current range.
This is because you will be tempted to buy when the price falls.
A low proportion means a proportion at which one's psychological state is not greatly affected even if the price falls by more than -20%.
In order to buy in the current section, you must buy when the 1D chart shows support at important support and resistance points or sections.
In other words, it is recommended to proceed with buying when support is shown near the MS-Signal (M-Signal on 1D chart) indicator.
If you look at the 1D chart of all current coins (tokens), you can see that the number of coins (tokens) that are touching the MS-Signal (M-Signal on 1D chart) indicator or starting to fall below is increasing.
Therefore, if it shows signs of support, additional purchases should be made.
Comment:
#BTCUSDT 15m
Comment:
#USDC 1D
USDC has been rising for three consecutive days.
This means that funds are flowing into the coin market through USDC.
Since there are few exchanges or trading pairs that can directly use USDC to trade, I don't think it will have any direct influence on the coin market.
However, there is a possibility that it may temporarily affect the coin market.
Looking at the USDC chart, there is no guarantee that the current gap increase will continue as it continues to decline over the medium to long term.
Therefore, there is a possibility that BTC may pretend to rise and then fall again, so caution is required when trading.
However, if USDT continues to rise when the USDC gap falls, it may have a positive impact on the coin market in the mid to long term because funds flowing into USDC can move to USDT.
Therefore, when USDC gap falls, it is a good idea to check whether USDT gap rises.
#USDC 1M
A volume profile section has been formed around 26.525B, so if it rises above this point and is maintained, USDC is also expected to turn into an upward trend.
If that happens, I think there is a possibility that the coin market will record a major upward trend.
#USDT 1D
This means that funds are flowing into the coin market through USDC.
Since there are few exchanges or trading pairs that can directly use USDC to trade, I don't think it will have any direct influence on the coin market.
However, there is a possibility that it may temporarily affect the coin market.
Looking at the USDC chart, there is no guarantee that the current gap increase will continue as it continues to decline over the medium to long term.
Therefore, there is a possibility that BTC may pretend to rise and then fall again, so caution is required when trading.
However, if USDT continues to rise when the USDC gap falls, it may have a positive impact on the coin market in the mid to long term because funds flowing into USDC can move to USDT.
Therefore, when USDC gap falls, it is a good idea to check whether USDT gap rises.
#USDC 1M
If that happens, I think there is a possibility that the coin market will record a major upward trend.
#USDT 1D
[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/
#USDC
#BTC.D
#USDT.D
A gap decline occurred between USDT and USDC.
In particular, a large gap decline occurred in USDC.
This gap drop is believed to be a trace of funds flowing out of the coin market.
However, I don't think USDC can have much influence because there are not many trading pairs on the exchange.
It is believed that the coin market will begin a bull market only when USDT dominance falls below the 6.39-5.89 range.
Therefore, if USDT Dominus rises above 6.39, I think there is a possibility that the coin market will turn into a downward trend.
In order for the coin market to become an upward trend and a bull market, the upward trend of BTC must be maintained.
Additionally, I think that for an altcoin bull market to occur, BTC dominance must fall below 50 and be maintained.
From this perspective, we can see that the current coin market is in a bull market, but the altcoin bull market has not yet begun.
An altcoin bull market refers to a bull market in which you can make profits by purchasing any altcoin.