The key to a trading strategy: psychological stability
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(BTCUSDT chart)
A drop below 26574.53 and resistance could lead to a sharp decline below 26013.28.
This sharp decline could lead to a downward move around 23141.57, so a countermeasure is needed.
This decline is expected to create an important 2nd wave that could lead to a 3rd uptrend in the longer term.
Therefore, the vicinity of 20050.02-23141.57 is expected to be an important transition period for the 2nd wave.
From a short-term perspective, a rebound in the 24.1K-24.3K zone exists.
In order for this rebound to turn into an upward trend, it must rise above 27496.02, so if it rises around 24.1K-24.3K, the area around 26574.53-27496.02 is expected to be the first selling zone.
Looking at the 1D chart, the M-Signal indicator of the 1W chart is passing around 26013.28.
Therefore, we can see that 26013.28 is an important point to continue the uptrend from a short-term perspective.
From a mid- to long-term perspective, since the 1W chart's HA-High indicator is created at 27496.02, it is expected that the mid- to long-term upward trend will continue only when it rises above this point.
Putting this all together, if the 26013.28-27496.02 section becomes an important support and resistance section, the 26574.53 point is the turning point of the trend.
What we need to think about is the investment period.
This means that you should trade with a trading strategy that suits your investment style, that is, the investment period.
This is because if you change a trading strategy tailored to short-term trading to a mid- to long-term trading strategy and proceed with trading, the psychological burden will increase and you will not be able to continue trading properly.
On the contrary, if short-term trading is carried out with a mid- to long-term trading strategy, this will also increase the psychological burden.
Therefore, it is important to trade according to your investment period no matter what the market says.
It means that there is no need to be swayed by someone saying that it will go down right now.
Now is the time to create a trading strategy with a mid- to long-term perspective and buy accordingly.
So, if you trade in the short term, it won't be easy.
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(BTCKRW chart)
It is necessary to check whether there is movement outside the 35539000-37821000 range.
Accordingly, the question is whether it can rise along the uptrend line (1).
If it doesn't and falls below 35539000, I would expect a decline around 32042000.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
This sharp decline could lead to a downward move around 23141.57, so a countermeasure is needed.
This decline is expected to create an important 2nd wave that could lead to a 3rd uptrend in the longer term.
Therefore, the vicinity of 20050.02-23141.57 is expected to be an important transition period for the 2nd wave.
From a short-term perspective, a rebound in the 24.1K-24.3K zone exists.
In order for this rebound to turn into an upward trend, it must rise above 27496.02, so if it rises around 24.1K-24.3K, the area around 26574.53-27496.02 is expected to be the first selling zone.
Looking at the 1D chart, the M-Signal indicator of the 1W chart is passing around 26013.28.
Therefore, we can see that 26013.28 is an important point to continue the uptrend from a short-term perspective.
From a mid- to long-term perspective, since the 1W chart's HA-High indicator is created at 27496.02, it is expected that the mid- to long-term upward trend will continue only when it rises above this point.
Putting this all together, if the 26013.28-27496.02 section becomes an important support and resistance section, the 26574.53 point is the turning point of the trend.
What we need to think about is the investment period.
This means that you should trade with a trading strategy that suits your investment style, that is, the investment period.
This is because if you change a trading strategy tailored to short-term trading to a mid- to long-term trading strategy and proceed with trading, the psychological burden will increase and you will not be able to continue trading properly.
On the contrary, if short-term trading is carried out with a mid- to long-term trading strategy, this will also increase the psychological burden.
Therefore, it is important to trade according to your investment period no matter what the market says.
It means that there is no need to be swayed by someone saying that it will go down right now.
Now is the time to create a trading strategy with a mid- to long-term perspective and buy accordingly.
So, if you trade in the short term, it won't be easy.
------------------------------------------
(BTCKRW chart)
Accordingly, the question is whether it can rise along the uptrend line (1).
If it doesn't and falls below 35539000, I would expect a decline around 32042000.
------------------------------
- big picture
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- ---------------------------------------------
** 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.
---------------------------------
Comment:
(BTCUSDT 1D chart)
Looking at the near-term perspective, the price appears to be trying to break out of the downtrend channel.
The move is expected to move past the volatility around June 1st, either moving up along an uptrend or falling within a downtrend.
The real volatility on this chart is around June 12th.
The move is expected to move past the volatility around June 1st, either moving up along an uptrend or falling within a downtrend.
The real volatility on this chart is around June 12th.
[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/
Among the above sections, it is necessary to keep an eye on the directionality depending on whether it is supported or resisted near the 26574.53 point.
It needs to rise above 27496.02 to turn into an uptrend.
If it shows resistance below 26013.28, I expect a sharp decline, and I need to check for support near 23141.57.