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Bitcoin Warming Up: $74K Breakout or a Pit Stop at $66K?Good morning, Trading Family! Bitcoin is in cruising mode, hovering around $68K, and the market’s energy is building. Will it rev up and shoot toward $74K, or will it need a breather and drift back to $66K? It’s like watching BTC decide if it’s ready to party or just stretch out on the couch for a while. With key levels in play—$68K acting as the middle ground—it’s all about which side grabs the wheel. Green arrows are signaling a breakout if momentum kicks in, but those red arrows are lurking, ready to drag it back down if buyers run out of steam. Stay patient and focused. Trade what you see, not what you hope for. – Mindbloome Trader
BITSTAMP:BTCUSD
by Mindbloome-Trading
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29. In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare! If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it! Mindbloome Trader Happy Trading
CRYPTO:MATICUSDShort
by Mindbloome-Trading
2
Support Zone: 64748.70-65920.71 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The M-Signal indicator on the 1D, 1W chart is formed in the 64748.70-65920.71 zone. Therefore, if the price is maintained above this zone, there is a high possibility that a stepwise uptrend will begin. Therefore, the point to watch is whether it rises along the trend line (1) and maintains the price above 68393.48 after around November 4th. If it rises above that, you should check for support near 71280.01. - The StochRSI indicator has currently entered the overbought zone. The rise to the overbought zone means that the upward trend is strong. Therefore, you should be careful when trading because there is a possibility that the upward trend will continue until it falls from the overbought zone. However, if the slope of the StochRSI indicator becomes gentle, the possibility of a downward turn increases, so you should think about a response plan for the decline. When this movement is shown, you should check if there are support and resistance points drawn on the 1M, 1W, and 1D charts, and if so, whether they are supported or resisted at those points. If you do not have support and resistance points drawn by yourself, there is no need to draw additional support and resistance points and create a response strategy. The reason is that additional support and resistance points or various chart tools drawn after the start of trading are likely to reflect your own psychological state. Then, there is a high possibility that it will be drawn according to the price volatility, so there is a high possibility that you will conduct the transaction incorrectly. It is important to start trading right now and make a profit, but I think it is most important to conduct the transaction according to the trading strategy that you originally planned. - If your psychological state has become unstable due to the price volatility, you need to make an effort to make your psychological state as stable as possible by selling in installments. If you do not, and continue to maintain an unstable state, you may end up suffering a large loss at one time, so you need to be careful. - How the StochRSI indicator is initialized, that is, whether it touches the oversold zone, is a point of observation to check the movement of the StochRSI indicator. Since the BW indicator fell from the highest point (100) on March 13, it has not touched the highest point (100) yet. This can be considered evidence that the upward strength is not strong. This time, the BW indicator will touch the highest point (100), so it is a point to watch whether the trend will change. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Chart with trend(MACD), momentum(DMI), and market strength(OBV) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- BW+ indicator is an indicator that comprehensively evaluates MACD, DMI, and OBV indicators. Therefore, knowledge of MACD, DMI, and OBV indicators is required. I added the existing HA-Low and HA-High indicators to express the section to start trading more clearly. - The indicators have changed and been supplemented a lot over the past 6 years of using TradingView. It was not easy to express my trading method as an indicator. Because of this, I think there are people who unintentionally interpret my writing differently from what I think. So, to narrow this gap, I am explaining the indicators used in my article. Since these indicators are automatically generated by a formula, no one can change them. Therefore, I think anyone can look at the chart and interpret it from the same perspective. However, there may be differences in interpretation depending on one's investment style or average purchase price. However, since everyone talks about the same point, there will be no confusion. - When talking to each other in the community, if you talk with the chart tool you drew, you may talk differently and there may be room for misunderstanding. So, I think the conversation often goes in a strange direction because the conversation ends up talking about whether it is LONG or SHORT right now. I think that charts drawn with chart tools are not very meaningful because they only show a part of the person's thoughts through chart analysis. This is because they do not tell you the selection point using the chart tool, so interpretation or understanding is lacking. Therefore, you cannot apply such content to your own chart. So, since it can't be used as a trading strategy, I can't help but just say, "Oh, that could be possible." However, if there is a chart that everyone can see and no one can change, I think it would be easier to talk and reflect each other's thoughts on my trading strategy. I think that because of that, I can find out what I lacked and supplement it. Not everyone sees the same thing and thinks the same, but if the basic point of the thought is the same, I think it can help me make other people's thoughts my own. - Anyway, I hope that this chart change will help you create a clearer analysis or trading strategy. - The MACD indicator added to the chart is an indicator with a modified formula from the existing MACD indicator, but the interpretation method is the same. That is, - If MACD > Signal, it is interpreted as an upward trend, - If MACD < Signal, it is interpreted as a downward trend. - The DMI indicator added to the chart simplifies the interpretation of the existing D+, D- indicators by expressing them as lines on the ADX line. That is, - The section expressed in Aqua color means a downward section, - The section expressed in Orange means an upward section. - When ADX is above 25, it means that the strength of the upward or downward movement is strong, - When it is below 25, it means that there is a high possibility of forming a box section or sideways section. - The OBV indicator added to the chart means an upward trend when each line is broken upward, and a downward trend when it is broken downward. - The indicator that expresses the contents explained above is the BW v1.0 indicator. In order to see this more intuitively, the BW (100), BW (0), and Mid (50) indicators were added so that they can be expressed in the price candle section. In addition, there are also High (80 Down), Low (20 Up) indicators. - It is never easy to interpret each indicator and evaluate it comprehensively. It is especially difficult when trading in real time. - When interpreting the BW v1.0 indicator, it is basically divided into rising and falling based on the 50 point. Therefore, passing the 50 point increases the possibility of a significant change in the trend. Therefore, it seems that trading can be done based on whether there is support near the Mid (50) line generated when the BW indicator passes the 50 point, but this is not the case. The reason is that volatility is likely to occur when a change in trend occurs. When volatility occurs, your trading point will go up and down, so psychological pressure will increase and you may proceed with an inappropriate trade. Therefore, a good point to start trading is the BW (0), BW (100) or HA-Low, HA-High point. Since these indicators are generated at the boundary of the low or high point range, if you start trading based on whether there is support, you are more likely to get good results. - In any case, you should think in line with your average purchase price. Otherwise, if you trade incorrectly due to psychological pressure when you get close to the average purchase price, you may end up with little profit or even a loss. This means that when you start a new trade, it is better to start near the BW (0), BW (100), HA-Low, and HA-High indicators as mentioned above. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
Just before turning into an uptrend Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (AVAXUSDT 1M chart) The key is whether the price can be maintained above 21.39 and rise. - (1W chart) The key is whether it can be supported above 27.29, in the box area of ​​the HA-High indicator (29.24-54.14), and rise above 45.36. If the price stays above the M-Signal indicator on the 1M chart, there is a possibility that it will turn into an uptrend. - (1D chart) The key is whether it can rise after receiving support around 27.29-28.64. However, since the StochRSI indicator has entered the overbought zone, we need to look at where it will receive support when it falls from the overbought zone. If it falls below 27.29, 1st: 24.8 2nd: 21.39 We need to check whether there is support around the 1st and 2nd above. - AVAX is just now showing a movement to turn into an uptrend. Accordingly, the 28.64-31.75 zone can be considered a buy zone. If you bought in the 28.64-31.75 range, the BW (100) line is the time for a split sell. If the price rises a little more, the BW (100) line is likely to be created, so the first split trading point may be close. If the price stays above the BW (100) line or the HA-HIgh indicator, a stepwise uptrend is likely to begin. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture A full-scale uptrend is expected to begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The key is whether there is support near 2621.99 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH is in a reverse array. Therefore, it is not attractive to start trading. Therefore, the point of observation is whether it can turn into a regular array when the price is maintained above 2621.99. Based on the current price position, it is expected that a full-scale uptrend will begin only if it rises above the 3265.0-3321.30 range. Therefore, the 2621.99-3321.30 range can be considered a buy range. So, rather than rushing to buy, I think it would be better to wait until the chart is at a level where you can trade. - The Mid (50) line is showing signs of being newly created. Accordingly, the support near the Mid (50) line is the key. Since the Mid (50) line is expected to be created near the M-Signal indicator of the 1W and 1M charts, near 2621.99, this section is becoming more important. Therefore, if the price is located near 2621.99 when the M-Signal indicator of the 1D chart rises above 2621.99, then I think it would be a good time to buy. - If you bought near the BW (0) line or the HA-Low indicator, the area near 2621.99 is the first split trading area. As I mentioned above, if you bought around 2621.99 when the chart was created, the BW (100) line or the HA-High indicator is the split trading area. Currently, the BW (100) line is formed at 2627.76, and the HA-High indicator is formed at 3787.59. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Start of full-scale uptrend: 64748.70-65920.71 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- In order to use the BW+ indicator in chart analysis, the existing HA-MS_BW+ indicator has been integrated and modified. -------------------------------------- The key is whether it can rise above the trend line (1). The StochRSI indicator seems to be entering the overbought zone. The fact that the StochRSI indicator has entered the overbought zone means that the upward strength is strong. Accordingly, there is a possibility that it will show an upward trend until it falls from the overbought zone, so you should look at the movement at the support and resistance points drawn on the chart. --------------------------------------- We need to check if the price can be maintained above 65618.80, which is the upper point of the HA-HIgh indicator box. The 65920.71 point is the HA-High indicator point on the 1W chart. Therefore, if the price is maintained above 65920.71, there is a high possibility that a stepwise uptrend will begin. However, since the StochRSI indicator has entered the overbought zone, it is expected to show a downward trend, so it is expected that support will be important around 65920.71. - The BW (100) line is currently formed at 73072.41. If the price rises a little more and a new BW (100) line is created, that area will be the split trading point. Otherwise, the current BW (100) line position, 73072.41, will be the split trading point. - If it falls below 64748.70-65920.71, the most important support and resistance point is 61099.25. However, before that, we need to check whether there is support near 62856.30, the lower point of the HA-HIgh indicator box. - The point of interest is whether the price can be maintained near the 64748.70-65920.71 range even after the next volatility period, around November 4th. If not, we need to check whether it is located near 56204.13. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Forget everything after studying the chart Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can rise along the trend line (2). When a new candle is created, it is necessary to check whether the StochRSI indicator enters the overbought zone. The zone marked with a circle corresponds to the important support and resistance zone. - (BTCUSDT.P 1D chart) When the Mid (50) line is created, whether there is support near it is the key. The Mid (50) line is a position conversion line, so the trend is likely to be formed depending on whether the price is maintained above or below the Mid (50) line. ------------------------------------------- When I learned about patterns while studying charts, I was amazed and thought I could stop studying charts. However, as I traded, I realized that patterns are just the past appearances of charts. You should forget all the studies you have done on charts after you finish studying them. Otherwise, if you try to apply what you have studied to the current chart, you will likely end up analyzing charts or trading incorrectly. So why should you study charts? I think it is the same as studying in school as we grow up. It is not necessary when you are living in real life, but it is the same reason you should study them. Therefore, if you have studied and understood the arrangement or patterns of candles, forget them all. If you are stuck in the framework of knowledge gained from studying charts, you may try to fit the pattern rather than respond to real-time movements. Then, it may become a trade that you regret. - How well you indicate support and resistance points, - How much you trust those points, - How much you can create a response strategy for those points are the things that remain after studying charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start after rising above 29K. The section expected to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
HA-High Box Range: 62856.30-65618.80 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- Since this is a chart for trading, there is nothing to analyze. However, since the chart has been released, I think it is necessary to explain how to actually use it, so I will spend a few more times explaining this chart in the future. - (BTCUSDT.P 1D chart) In this chart, M-Signal indicators for 1M, 1W, and 1D charts have been added to check the trends necessary for chart analysis. The 5EMA line of the 1D chart has been added for scalping and day trading. - Basically, the point where you start trading is the BW (0), BW (100) line. - Mid (50) line is the position conversion line. - Low (20 UP), HIgh (80 Down) line are split trading points because they indicate the low and high points. Since the Mid (50) line is showing signs of rising and being created, the key is whether the Mid (50) line can be supported around this area and rise above the High (80 Down) line. - (1h chart) If the price is maintained above the BW (100) line, it is likely to lead to a stepwise uptrend. If it falls below the BW (0) line, it is likely to lead to a stepwise downtrend. Since 5EMA on the 1D chart > M-Signal on the 1D chart > M-Signal on the 1W chart, if it is supported near the BW (100) line, it is expected to lead to additional rise. However, if the StochRSI indicator enters the overbought zone, it is likely to decline over time. In that case, you should check whether there is support near the High (80 Down) line. Also, if the Mid (50) line is created near the price, you need to check whether you should switch the position. ------------------------------------------------ (BTCUSDT 1D Renko chart) You can see that the 63000 point is an important support and resistance point. - The point to watch is whether it can rise along the rising trend line (2) and receive support near 63515.05-64538.39. - The 62856.30-65618.80 section is the box section of the HA-High indicator on the 1D chart. Accordingly, if it receives support near 62856.30, it is highly likely that it will attempt to rise to the 64748.70-65618.80 section. If it falls below 62856.30, 1st: 61099.25 2nd: HA-Low on 1D chart (currently 56204.13) We need to check for support near the 1st and 2nd above. The next volatility period is around November 4th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Chart for trading on time frame charts below 1D chart Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- This is an indicator created for trading on time frame charts below 1D charts. Therefore, there is nothing to explain. This is because trading should be conducted according to your own trading strategy or response strategy. However, I hope that it will be a reference material that allows you to create a trading strategy or response strategy that suits you by looking at the points where you can start trading or the points where you can respond. To use this chart, click the three dots below this idea and click Grab this chart. --------------------------------------------- The basic trading method is as follows. 1. The BW 0 line or BW 100 line is the standard line for trading. Therefore, to start trading for the first time, you will trade with a buy (LONG) or sell (SHORT) position depending on whether these two lines are supported. 2. The Mid (50) line is the position conversion line. Therefore, when trading with a sell (LONG) or sell (SHORT) position, if you touch the Mid (50) line, you should proceed with a split transaction or liquidate depending on the situation. 3. The High (80 Down), Low (20 UP) line plays the same role as the Mid (50) line, but it is a line for the main purpose of a split transaction. Therefore, in the case of a low time frame chart, it may be more helpful to deactivate the High (80 Down), Low (20 UP) lines. - The additional trading method is as follows. 1. If it falls below the BW 0 line, it is likely to lead to a stepwise downtrend. 2. If it rises above the BW 100 line, it is likely to lead to a stepwise uptrend. Therefore, if 1 and 2 occur, you should conduct split trading near the Mid (50), High (80 Down), and Low (20 UP) lines. To determine this, it is recommended to conduct trading by referring to the movement of the StochRSI indicator. If the StochRSI indicator has entered the overbought zone, it is highly likely to lead to an additional rise. Therefore, if it falls in the overbought zone and changes to a state where StochRSI < StochRSI EMA, the price is likely to continue to decline. Conversely, if the StochRSI indicator has entered the oversold zone, it is highly likely to lead to an additional decline. Therefore, if it rises in the oversold zone and changes to a state where StochRSI > StochRSI EMA, the price is likely to continue to rise. With this interpretation method, I recommend using it as a basis for judging how to proceed with a transaction when the price is located near the BW 0 line and the BW 100 line. - When trading, it is recommended to proceed based on the trend of the 1D chart. In other words, if the 1D chart maintains an upward trend, it is recommended to proceed with a transaction to maintain a long position. If you need to trade in the opposite direction of the 1D chart trend, remember that a short and quick response is required. In order to see the overall trend, the M-Signal indicators of the 1M, 1W, and 1D charts have been added. For scalping or day trading, the 5EMA indicator of the 1D chart has been added. - Have a good time. Thank you. --------------------------------------------------
by readCrypto
Check if it is a regular array before trading Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- Since ETH is in a reverse array (M-Signal on the 1D chart < M-Signal on the 1W chart < M-Signal on the 1M chart), I don't think it's time to trade. However, since it is located near the HA-Low indicator and the M-Signal indicator on the 1D chart, if it receives support, it can be considered an aggressive buying period. Such aggressive buying requires a short and quick response. From this perspective, if ETH maintains its price around the 2555.38-2646.97 range and switches to a regular array (M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart), it is ready for trading. If you are familiar with day trading, you can start with aggressive buying and move on to full-scale trading, but if you are not, it is better to pass on aggressive buying. If you make an aggressive purchase and it fluctuates up and down, you will not be able to hold on and sell when you need to make a full-scale transaction, which will reduce your profits or you will likely suffer losses even if the price rises. ----------------------------------------- Currently, the only coin recognized for its value after BTC is ETH. You can argue this, but this is a fact. Several coins are making efforts to be recognized for their value. Namely, XRP, SOL, etc. Therefore, I think that long-term investments are BTC and ETH, and the remaining coins and tokens are trading coins that earn profits through trading in the medium term or less. ---------------------------------------- (ETHUSDT 12M chart) When drawing a parallel channel, the most important trend is the trend line (1) created by the first and second selection points. Therefore, if the first and second selection points are selected incorrectly, an incorrect channel may be created. The next important thing is the third selection point, which determines the width of the channel. If this is also selected incorrectly, it can be interpreted incorrectly, so caution is required. Therefore, trend line (2) is the important trend line. The next important thing is trend line (3) created between (1) and (2). Therefore, if trend lines (1), (2), and (3) are passed, there is a high possibility that a change in the trend will occur. The Fibonacci ratio is displayed as a Trend-Based Fib Extension tool with the selected candlestick of the parallel channel. Accordingly, the drawing for basic chart analysis is completed. Fibonacci ratio or parallel channel is for chart analysis, not for trading, so do not confuse them. If you think of Fibonacci ratio as support and resistance points and there are no support and resistance points drawn separately on the 1M, 1W, and 1D charts, I think the transaction is likely to fail. Therefore, in order to proceed with the transaction, you must mark the support and resistance points on the 1M, 1W, and 1D charts. - (ETHUSDT 1W chart) If you drew an ascending parallel channel on the 12M chart, you drew a descending parallel channel on the 1W chart. The 1M chart is drawn as an ascending parallel channel like the 12M chart, so it was not drawn. This allows for a more accurate analysis when looking at just one parallel channel. The Fibonacci ratios shown on the left were drawn on the 1W chart. We found that a change in trend can occur by passing through the area indicated by the circle. - (1D chart) The price made an uptrend and then started to make a downtrend. As you can see in the 1D chart above, there are two downtrends. The first wave of the downtrend provides important information. Therefore, if possible, it is better to draw a trend line on the first wave where the change in wave occurred. The second downtrend is connected to the current wave, so this also provides important information. If you mark important areas according to the current price position, it is the same as the order of the circles marked on the chart. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because we think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Next Volatility Period: Around November 4th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The next volatility period is around November 4th. At this time, the point to watch is in which direction it deviates from the range of (54.7K-56.1K) ~ (64.7K-66.6K). - This volatility period is about to end. We need to check if it can be supported around 62856.30. If it receives support near 62856.30, it will enter the box section of the HA-High indicator on the 1D chart, so it is expected to lead to an upward trend to break through the 64748.70-65920.71 section. Otherwise, if it falls, we should check whether there is support near 61099.25. In particular, if the price is maintained above 61759.99, it is expected to show an additional upward trend as it will maintain the state of M-Signal on the 1D chart > M-Signal on the 1W chart. In any case, in order for a full-fledged upward trend, a stepwise upward trend, to begin, the price must be maintained above 64748.70-65920.71. Since the BW indicator is expected to create a horizontal line at the lowest point (0), the point of observation is whether there is support at the BW line point that is created this time. - (Chart under test) (BTCUSDT.P 1D chart) This is a chart for use below 1D charts, but the trend of the 1D chart is important, so be sure to check it before starting a trade. The mandatory items in the BW+ indicator are BW 100, BW 0, and Mid (50). The High (80 Down), Low (20 UP) indicators are optional. The core interpretation method of the BW+ indicator is 1. Buy (LONG): Start trading at the BW 0 line and end trading at the BW 100 line. 2. Sell (SHORT): Start trading at the BW 100 line and end trading at the BW 0 line. 3. The Mid (50) line is the position conversion line. Therefore, since the current BW 100 line has been created, it is time to liquidate the long position entered at the BW 0 line. However, you can decide whether to completely close the transaction by selling 100% or to sell in parts and watch the situation. - Since the BW 100 line has been created, you can proceed with selling (SHORT) as the second key interpretation method. However, as I mentioned earlier, the trend of the 1D chart is important. Currently, the M-Signal indicator of the 1D chart has risen above the level and is showing signs of turning into an upward trend. Therefore, a short and quick response is required when entering a short (SHORT) position. This is because you will be trading against the trend of the 1D chart. - Since it is a futures transaction, you may think that you should trade on a low time frame chart, but that is not necessarily the case. The lower the time frame chart, the more frequent the fluctuations, making it difficult to maintain a position. Therefore, it is important to select an appropriate time frame chart according to the leverage and funds you have chosen. -------------------------------------- A gap down occurred in USDT. We need to check if the gap down occurs continuously. We need to check if USDC is maintained above 26.153B and if the gap downtrend stops. Although the coin market is trend-following, the volatility caused by the movement of funds has a great influence on forming a trend. Therefore, I think that chart analysis should not be done only with trends. ---------------------------------------- (NAS100USD 1D chart) BW line was created at 20287.1. Therefore, if it fails to rise above 20313.8, it is expected to fall. The important support and resistance area in the decline is around 19582.6. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The full-scale uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Misconceptions and Truths about Paper Trading Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- TradingView also supports Paper Trading. For more information, please click the link below. www.tradingview.com More flexibility: change your Paper Trading account currency : www.tradingview.com Even more seamless order design — directly on chart : www.tradingview.com --------------------------------------- Paper Trading is thought to support trading practice for beginners. However, this is a wrong idea. If you lack prior knowledge about trading or have no concept of trading strategy, you should not do paper trading. The reason is that the psychological burden is different. The success or failure of a trade is thought to be the result of trading strategy or response ability, but in reality, it can be said that it is determined by the battle with oneself and psychological state. This means that psychological state has a significant impact on trading. Therefore, paper trading should be considered as a transaction that is conducted to confirm one's trading strategy and response strategy after completing chart analysis. If you have completed some verification of your trading strategy or response strategy, you should continue to conduct actual trading even if you suffer a loss. The reason is that you should not forget that you can only gain know-how in trading through actual trading. Therefore, paper trading should not be used to practice mid- to long-term trading, but should be used to verify trading strategies or response strategies for short-term trading or day trading. In order to do so, you must close the transaction by selling or cutting your loss. ------------------------------------------- For more information on trading orders in paper trading, please refer to the explanation through the link above. - You can proceed with Paper Trading by clicking the Trading Panel at the bottom menu of the TradingView chart. If you connect to a Paper Trading account, you can start with an initial fund of 100,000. If the Buy/Sell button is not activated, activate the chart settings to activate the Buy/Sell button before proceeding with the trade. Right-click on the space in the price candle area to activate the window, and then hover your mouse over the Trade section to check the trading order or trading settings (when you click the Trading menu in the Chart Settings window). - In addition, TradingView is linked to a real exchange and supports real trading. It supports various exchanges, so I recommend you to check if there is an exchange that you are trading on. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
The key is whether it can rise above 61K Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It was created using the Trend-Based Fib Extension tool based on the candlestick of the selected point used when drawing the parallel channel. Therefore, from a short-term trend perspective, you can see that the area around the right Fibonacci ratio 0.618 (59369.59) ~ 0.5 (60650.13) is an important support area. - Therefore, the key is whether it can maintain the price by rising above 61099.25 after October 11. If not, and it falls, it is possible that it will finally touch the M-Signal indicator on the 1M chart. Currently, the M-Signal indicator on the 1M chart is rising around 52K. The expected crossover area is expected to be around 56K (56150.01-56950.56). - (Chart under test) If the M-Signal on the 1W and 1D charts breaks through the convergence area (1), it is expected to create a new rising wave. If not, we need to check whether there is support in the area (2). - BW v1.0 indicator's BW is an indicator that comprehensively evaluates DMI, OBV, and MACD. The interpretation method is 1. The horizontal line created by touching the 100 point becomes the trading reference line. 2. When it falls below the 80 point, the high point section is displayed. 3. The position is switched around the 50 point. 4. When it rises above the 20 point, the low point section is displayed. 5. The horizontal line created by touching the 0 point becomes the trading reference line. 2, 3, 4. are likely to have volatility, so the corresponding lines are the sections that must be responded to. In other words, they correspond to the time when split trading is conducted. --------------------------------------- The point to watch is whether USDC can be maintained above 26.153B as the gap decline decreases. The important support and resistance area for USDC is 32.435B. If the selling volume of BTC confiscated by the US government decreases and USDT gaps up, I think the coin market is likely to show an upward trend. If not, it may not be able to digest the selling volume and lead to further decline. ---------------------------------------- (NAS100USD 1D chart) We need to check whether there is support near 20313.8. Since the StochRSI indicator has entered the overbought zone, even if it rises, it will eventually fall. At this time, the point of interest is whether it can receive support near 20313.8. The most important support zone at the current location is 19582.6. ---------------------------------------- The chart consisting of parallel channels and Fibonacci ratios is a chart for chart analysis. Therefore, if your trading strategy is not properly established when trading with the support and resistance points confirmed by the Fibonacci ratio, you need to be careful because the transaction may proceed in the wrong direction. Therefore, you must mark the support and resistance points on the 1M, 1W, and 1D charts. - The chart that has been used since the past is the chart that shows the support and resistance points drawn on the 1M, 1W, and 1D charts. I think the support and resistance points shown on this chart are the most accurate among the charts I am introducing. However, it is difficult to see because it is too complex a chart to use for publishing as an idea. - I am testing whether I can trade with the trend, momentum, and market strength by comprehensively evaluating MACD, DMI, and OBV. I am testing it for use on time frame charts below 1D charts. When using it on time frame charts below 1D charts, you can disable indicators corresponding to 2 and 4 and use it. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Support around 61099.25 is the key point Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing a decline below the important section of 61099.25. Accordingly, it is important to see whether it can rise above 61099.25 and receive support. If not, and it falls below 60672.0, 1st: 59053.55 2nd: 56150.01-56950.56 We need to check whether there is support near the 1st and 2nd levels above. This volatility period is until October 11th. - (Chart under test) We are testing a new tradable chart by changing the existing DMI+OBV indicator to the BW indicator format. We will provide a detailed explanation after the test is completed. -------------------------------------- USDC is showing a short-term downtrend as a gap decline occurs. -------------------------------------- (NAS100USD 1D chart) It is supported near 19582.4 and then rose again to near 20313.8. We need to check whether there is support near 20313.8. (Chart under test) - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
This volatility period is until October 11thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period is until October 11th. Therefore, after this volatility period, we need to check in which direction it deviates from the 61099.25-65920.71 range. Since it shows that funds are flowing in through USDT, if the price maintains above 61099.25, it is expected to lead to an attempt to break through the 64748.70-65920.71 range upward. If it falls below 61099.25, 1st: 58697.01 2nd: 56204.13 We need to check whether there is support near the 1st and 2nd above. ----------------------------------------- USDT is showing a gap up. USDC is showing a gap down. If we interpret this, we can interpret that there may be a short-term decline, but it will eventually rise. The reason is that USDT has a broader market than USDC. In other words, it means that USDT has a stronger influence on the coin market than USDC. ----------------------------------- (NAS100USD 1D chart) With this rise, the BW indicator seems to have touched the highest point (100). Therefore, when the candle is created tomorrow, we need to check the price position. The current key is whether it can rise above 20313.8. However, since the StochRSI indicator is currently located near the midpoint, there is a possibility of volatility. Accordingly, we need to check whether the price can be maintained above 19852.4. ------------------------------------ (IBIT 1D chart) We need to check whether the BTC spot ETF is supported near 35.40 and can rise above the 36.32-36.64 range. If it falls below 35.40, you should check for support near 34.18. If the price is maintained above the middle point of the parallel channel, I think it is likely to rise. -------------------------------------- (12M chart) To draw a parallel channel on a 12M chart, - There must be at least 2 bearish candles in an uptrend. - There must be at least 2 bullish candles in a downtrend. (1M chart) To draw a parallel channel on a chart where waves have formed, we use the StochRSI indicator that was used to draw the trend line. That is, we capture the trend by specifying the candle at the point where the StochRSI indicator entered the overbought or oversold section and formed a low or high point. And, the third point of the parallel channel is selected as the lowest or highest point of the wave. Parallel channels are a tool for analyzing charts, so you can't create a trading strategy with them alone. Therefore, you definitely need support and resistance points drawn on 1M, 1W, and 1D charts. (1D chart) The reference line for drawing a parallel channel is line 1. Therefore, I think that passing line 1 means that there is a possibility of a change in trend. Therefore, we need to see if the price can be maintained by rising above line 1. Line 2 is also a reference line, and if it passes this, there is a high possibility of a change in trend. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
XAUUSD (Gold) Price Analysis: Potential Downside Breakout📉 XAUUSD (Gold) Price Analysis: Rectangle Formation on D1 Timeframe, Potential Downside Breakout Gold (XAUUSD) is trading within a rectangle formation on the D1 timeframe , which typically signals consolidation before a significant price move. While the price remains range-bound, there’s a high probability of a downside breakout , with critical targets at $2,580 and $2,490 . Here's a detailed analysis of the setup: 🔲 What is a Rectangle Formation? A rectangle formation occurs when the price moves between two horizontal levels, creating a box-like pattern 📊. This shows a period of indecision in the market, where neither buyers nor sellers are in control. A breakout typically happens when the price moves decisively above or below the rectangle. 🔻 Downside Breakout Targets Gold breaking below the rectangle's lower boundary could signal a bearish trend continuation. Here are the critical downside targets to watch: 1. First Target – $2,580 : A downside breakout would likely drop the price to $2,580 , the first central support zone and a logical profit-taking area for short-sellers. 2. Second Target – $2,490 : Should bearish momentum persist, the next target would be $2,490 , a deeper support level where further selling pressure could ease. ⛔ Stop Loss – $2,702 A stop loss at $2,702 is recommended for those considering a short position. This level is just above the upper boundary of the rectangle and would invalidate the downside scenario if breached. 🚀 Upside Breakout Target If gold breaks out above the rectangle, bullish momentum could push prices toward $2,841 . This would signal a strong reversal, and traders should consider this level the next significant resistance zone. 🔍 Factors to Watch Several factors could influence the direction of the breakout: Inflation Data : Higher inflation tends to support gold prices as a hedge, increasing the likelihood of an upside breakout. US Dollar Strength : A stronger dollar could weigh on gold, favoring a downside breakout. Geopolitical Events : Uncertainty in global markets can boost safe-haven demand for gold, potentially triggering an upside move. 🛠 Trading Strategy For traders looking to capitalize on the potential breakout, consider the following: Downside Setup : If gold breaks below the rectangle, short positions with targets at $2,580 and $2,490 may offer solid risk/reward opportunities, with a stop loss at $2,702 . Upside Setup : In the case of an upside breakout, targeting $2,841 could provide a good opportunity but ensure that risk is managed carefully. 💡 Conclusion Gold’s rectangular formation in the D1 timeframe suggests a significant price move is on the horizon. While the likelihood of a downside breakout seems stronger, with targets at $2,580 and $2,490, traders should remain alert to the possibility of an upside breakout towards $2,841. Proper risk management, including a stop loss of $2,702, will be crucial in navigating this market opportunity. 🔔 Stay updated with real-time price action to make the most of this technical setup. Share your opinion in the comments.....
OANDA:XAUUSDShort
by amzadlak
XAU/USD Demand Break Analysis and Strategic Sell ZonesWe perform a thorough study of the XAU/USD pair in this trade idea, concentrating on significant demand break levels. We will search for a sell opportunity with a target of 2622 if the market breaks below the demand level at 2638 and closes below it. This strategy enables us to efficiently manage risk and profit from negative momentum. On the other hand, we see a low-risk selling opportunity in the 2660–65 zone if the market continues higher. This tactical method is appropriate for both novice and seasoned traders since it blends technical research with obvious entry and exit locations. Important Points: Level of Demand: 2638 Sell Point: 2621 Resistance Range for Possible Sale: 2660–65 Risk management: Prioritizing opportunities with minimal risk
ICMARKETS:XAUUSDShort
by HouseofProfit
The key is whether it can rise above 5878.7-6119.3 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I think this is the first time I've written an idea for the SPX500USD futures chart. I'll give you an example of how to actually use it using the parallel channel that I introduced. No matter how good an indicator or chart tool is added, if you don't know how to use it, chart analysis can be done in the wrong direction, so it is recommended that you familiarize yourself with the core interpretation method and how to use it before using it. There are many examples of how to draw a trend line or how to draw a parallel channel, so you need to study how to draw it. ----------------------------------------------- (SPX500USD 1M chart) It is rising near the upper black line of the parallel channel. Therefore, it is likely to face resistance near the black line and fall. Accordingly, we need to check for support near 1 (5878.7) drawn with the right trend period Fibonacci Extension (Trend-Based Fib Extension) tool. If it falls, we need to check if it can rise along the middle point (black dotted line) of the parallel channel. However, since the section pointed to by the finger is an important support and resistance section, if it receives support near this section, it is highly likely that the upward trend will continue. - The left trend period Fibonacci Extension (Trend-Based Fib Extension) is drawn as the first rising wave on the 12M chart. The trend-based Fibonacci extension on the right is drawn as the last rising wave on the 1M chart. - The section drawn as a square box corresponds to an important section among the Fibonacci ratios drawn on the chart, and when viewed as a parallel channel, it passes near the upper black line, so you can see that it corresponds to an important section. - (1D chart) Since it is a futures chart, it is right to explain it on a time frame chart that can actually be traded, but since an idea can become useless as soon as time passes after publishing it, I will explain it based on the 1D chart. I think the most important trend in futures trading is the trend of the 1D chart. Therefore, when trading in the opposite direction of the trend of the 1D chart, you need to respond quickly and briefly. - A parallel channel was also drawn on the 1D chart. The first point is designated as the point that is supported and rises from the middle point of the parallel channel drawn on the 12M chart, and the point that the finger points to is designated to draw the parallel channel. The HA-MS indicator was used to draw the support and resistance points. However, as shown in the chart above, the HA-MS indicator may be distracting when viewing the chart, so I am explaining it by disabling it. - The key is whether the price can be maintained by rising above 5741.6. The 5741.6 point is the HA-High indicator point on the 1D chart, meaning that anything above this point is in the high range. Since the StochRSI indicator is currently in the oversold range, it is more likely to lead to an additional decline. Therefore, if the price falls, the key is whether it can be supported near the middle point of the parallel channel on the 1D chart, which is the section indicated by the circle. That said, I don't think it's a good idea to enter a sell (SHORT) position right now. The reason is that the StochRSI indicator is in the oversold section. Therefore, if you want to trade with a sell (SHORT) position through scalping and day trading, you need to respond quickly and quickly. Although the StochRSI indicator has entered the oversold section, the BW indicator is still rising. Therefore, you should consider that there is a high possibility of a fake or sweep that pretends to fall. Therefore, in order to make a big profit with a sell (SHORT) position, the BW indicator should be in a horizontal line at the highest point (100) and the StochRSI indicator should be falling in the overbought section. - Have a nice time. Thank you. --------------------------------------------------
OANDA:SPX500USD
by readCrypto
New wave start section: 61099.25-65920.71 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- USDT is sideways, and USDC is showing a slight downtrend. -------------------------------------- (NAS100USD 1D chart) NAS100USD is sideways near 19852.4. If it is supported and rises near 19252.4, it is expected to lead to an attempt to rise above 20313.8. If not, and it falls, it should check for support near 19582.6, which is an important support and resistance area. -------------------------------------- (IBIT 1D chart) IBIT is the stock with the highest trading volume among spot ETFs. Since the current chart was created not long ago, the role of support and resistance points may be weak, so caution is required when trading. The key is whether it can rise above the 36.32-36.64 area and receive support. If not, 1st: 35.40 2nd: 34.18 It is necessary to check for support near the 1st and 2nd areas above. In particular, the M-Signal indicator of the 1W, 1D chart is passing near 35.40, so it is important to check whether there is support near this area. From a trend perspective, the area near 34.18 is near the midpoint of the parallel channel, so it is an important support and resistance point. - With the launch of investment products related to BTC in the stock market, the movement of the stock market cannot be ignored. Therefore, caution is required as the movement of the coin market may follow the movement of the stock market. However, if more funds flow into the coin market, there is a possibility that it will show an upward trend regardless of the movement of the stock market. In other words, there may be cases where investment products in the stock market rise while other stocks fall. Therefore, there is no need to pay much attention to the movement of the stock market. Currently, when the movement of BTC is slowing down, that is, when it is moving sideways, it is only worth referring to the movement of the stock market. -------------------------------------- (BTCUSDT 1D chart) As mentioned above, the USDT and USDC movements are weak sideways, so it seems that there is a limit to the increase. Therefore, if USDC does not fall any further, it is expected to maintain the current level or rise slowly. Otherwise, if USDC continues to gap down, we need to check for support near 61099.25. - The points 64748.70 and 65920.71 correspond to the HA-High indicator points on the 1W and 1D charts. Therefore, it can be interpreted that a high point section is formed across the 64748.70-65920.71 section. The HA-High indicator point on the 1M chart is formed at 61099.25, so it has already risen to the high point range from a long-term perspective. Currently, the HA-HIgh indicators are arranged in a straight line. That is, HA-High on the 1D chart > HA-High on the 1W chart > HA-High on the 1M chart. Therefore, if it continues to rise and maintains the price above 65920.71, a full-scale uptrend, that is, a stepwise uptrend, is likely to begin. - To do this, it is recommended that the StochRSI indicator on the 1M and 1W charts is not in the overbought or oversold range. This is because I think it will receive great strength if the value of the StochRSI indicator is in the 20 to 80 range when the first uptrend begins and shows an upward trend. Currently, the StochRSI indicator on the 1W chart has entered the overbought zone. Therefore, even if it rises right now, it will eventually show a downward trend. Therefore, I think it is important to maintain the price above 61099.25 after this period of volatility. -------------------------------------- The most important thing when trading spot is whether the price moving averages are aligned. If the short-term to long-term moving averages are aligned, the upward trend is likely to continue. Currently, the price moving averages of BTC are aligned. However, the short-term and medium-term moving averages are converging. Therefore, if the current price level is maintained, an upward trend is expected to begin. Currently, the M-Signal indicator on the 1M chart is rising near 52K. Therefore, if it falls as much as possible, it is expected to fall to the M-Signal indicator of the 1M chart. In any case, from the perspective of the trading particle, the 61099.25-65920.71 section is the high point section, so whether there is support in this section is very important. It is the last buying section before the full-scale uptrend begins, but it can also be the starting section of the downtrend. Therefore, depending on which direction the price deviates from the 61099.25-65920.71 section and maintains it, a new wave will be created. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
New chart tool released: Parallel Channel Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- You can check the detailed explanation of the newly added chart tool by clicking the link address below. www.tradingview.com --------------------------------------- The most important thing when drawing a trend line is where you designate the selection point. Therefore, it is recommended to draw the trend line before starting a trade. If you draw a trend line while a trade is in progress, you should be careful because your psychological state may be reflected when designating the selection point. - You need to select 3 points to draw a parallel channel. The first and second are the points corresponding to the trend line, and the third selection point is the point where the channel will be drawn. Accordingly, I recommend drawing on the largest time frame chart possible. I think that is the most objective way to draw parallel channels. - The chart above is the 12M chart, which is the largest time frame chart. If the 12M chart does not have the current candle arrangement, you should use the 1M chart. - As in the example chart above, create a trend line by specifying the low point of the rising candle after the falling candle. (Specify 1st and 2nd points) Then, complete the channel by specifying the high point of the candlestick to the left of the previous downtrend candlestick of the 2nd point. (Specify 3rd point) If you draw it like above and look at it on a 1D chart, it will feel like it is drawn well. ----------------- If you want to draw a 1D chart on a lower time frame chart, the 3rd point is the hardest to choose. However, since you can designate it in the same way as you drew it on the largest time frame chart, you have to find out which point corresponds to the 3rd point. - If you look at the current trend, you can see that it is forming a downtrend channel. Therefore, you have to choose a point to create a downtrend channel. - You can select and designate as shown in the chart above. When drawing on the 12M chart above (when in an uptrend) 1st point designation: Select the low point of the rising candle after the falling candle 2nd point designation: Select the point of the rising candle after the falling candle after the 1st point designation 3rd point designation: Select the high point of the candle on the left of the falling candle to the left of the 2nd point designation (When in a downtrend) 1st point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) 2nd point designation: Select the opening price of the falling candle (wave) after the rising candle (wave) after the 1st point designation 3rd point designation: Select the low point of the rising candle (wave) to the left of the 2nd point designation If you select in the above way, you can get a feeling that something is well drawn. If you have your own drawing style, you can draw it that way. I am just giving you an example of how to draw, so you don't have to follow it. However, the important point is that you have to draw it according to the method of designating the selection point and creating a pattern. - If you look at the 1D chart above, you can see that there is a vertical line drawn. This vertical line indicates the high point of the StochRSI indicator. Since the current trend is a downtrend, the high point of the StochRSI indicator is indicated, but when it is an uptrend, the low point of the StochRSI indicator is indicated. And, based on that point, you can select the point according to the format of designating the selection point mentioned above. - The trend line is a tool for chart analysis. Therefore, in order to trade, the support and resistance points drawn on the 1M, 1W, and 1D charts must be indicated. So, if you have confirmed the trend using the parallel channel released this time, you must draw the support and resistance points to create a basis for trading. The reason is that since the trend line is diagonal, it is difficult to determine the timing to start trading. ----------------------------------- The method I am talking about is a method that anyone can understand. The trend line you draw should be a point that everyone who sees various support and resistance points can understand. Then there is no need to explain why you chose that point, and I think everyone can easily understand it. If you have a good method that you are using, please publish it as an idea and make it public. - Have a good time. Thank you. --------------------------------------------------
INDEX:BTCUSDEducation
by readCrypto
Uptrend reversal section: 2555.38-2646.97 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- In order to turn into an uptrend, the price must be maintained above 2555.38-2646.97. If not, there is a possibility of further decline. In other words, there is a possibility of decline to around 2359.35. Therefore, the key is whether it can receive support and rise near the 2464.82-2499.0 section. ------------------------------------ The above is the key to chart analysis. However, it is not easy to find an answer to why this analysis was done this way with this content alone. Therefore, in order to understand the content of my analysis, there needs to be an explanation of additional grounds. - The 2464.82-2499.0 section corresponds to the upper point of the HA-Low indicator box on the 1D chart. Therefore, if it rises above this section, it means that there is a high possibility of forming an upward trend, so it is an important section. - There is something I need to explain before that. The HA-Low. HA-High indicator is an indicator created to indicate a point for trading on the Heikin Ashi chart. (Refer to the HA-MS indicator) Therefore, the creation of the HA-Low indicator means that a low section has been formed. Therefore, if it is supported near the HA-Low indicator and rises, then it is the time to buy. When I first created the HA-Low, HA-High indicator, I didn't show the box section. Because of that, I felt like the HA-Low, HA-High indicator was useless in the movement that pretended to rise and fall. In the meantime, there was someone who asked if I could trade futures with this indicator. So, while explaining this part, I learned that the box section is formed based on the HA-Low, HA-High indicator and then the trend is formed. That's why I'm introducing it to you in the form of an indicator included in the current chart. There is no guarantee that the trend will continue just because the box section is broken. However, I was able to know at what point I should sell and cut my loss. Therefore, even if I couldn't draw the support and resistance points on the 1M, 1W, and 1D charts, if I can quickly draw the points related to the HA-Low, HA-High indicators shown on the 1M, 1W, and 1D charts, I can do a quick chart analysis. - Therefore, we can see why the 2464.82-2499.0 section is an important section, and why it should be supported at the 2359.35 point. However, the 2555.38-2646.97 section cannot be explained by the HA-Low, HA-High indicators above. To explain this section, we need to refer to the 1W chart. If you look at the 1W chart, you can see that it is the BW line point. Therefore, we can see that it is a section made up of the BW line point of the 1W chart and the BW line point of the 1D chart. In addition, it is also a section that the M-Signal indicator of the 1M chart passes through. Therefore, in order to turn into an uptrend, the price must rise above the M-Signal indicator of the 1M chart, which is a long-term trend line, and maintain the price. Otherwise, it is highly likely that it will end in a short-term and medium-term rise, so there is a high possibility that the trading strategy for the uptrend will not be applied properly. If you mainly do day trading or short-term trading, you can trade depending on whether the price is above or below the M-Signal indicator of the 1D chart. Currently, the M-Signal indicator of the 1D chart is passing through the 2464.82-2499.0 range, so it can be said that the importance of the 2464.82-2499.0 range has been proven once again. ------------------------------------------- As mentioned in the BTC idea, it is very important to find the basis for the support and resistance points that you have indicated. Doing difficult chart analysis to find this can actually cause confusion in creating a trading strategy. Therefore, it is recommended that chart analysis be intuitive and fast. If you analyze charts for a long time, your mind will become cluttered with all sorts of random thoughts, so it is an element that should be avoided. Chart analysis is about finding support and resistance points that can be used to create trading strategies by being as objective as possible and proceeding intuitively and quickly. Don't forget this, and through chart analysis, you should be able to draw support and resistance points and find the basis for them to create trading strategies. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto