Never HODL at the highest point even if the profit is small

8 нояб.

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I used TradingView's INDEX chart to see the overall flow of BTC.

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Let's take a look at the section that showed a big movement.

(1M chart)

- 13888.32
- 57789.06
- 71320.68

The three points above are where the BW(100) line was created.

The fact that the BW(100) line was created means that a high point section has been formed, so there is a high possibility of a decline.

Therefore, based on the previous two experiences and looking at the current movement, we can see how important the 71320.68 point is as a support and resistance point.

Therefore, we should sell when it falls below 71320.68 in order not to HODL in the high range.

In the big picture, the stop loss point has been confirmed.

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(1W chart)

From the 1W chart, we can see that the 68376.06 point is an important stop loss point.

Therefore, we should decide to sell depending on whether there is support in the 68376.06-71320.68 range.

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If the BW(0) line is created after the price falls, then it is a strong buying period.

Therefore, we should check whether there is support and see if we can buy.

The reason is that after buying at the 37929.90 point, there is a possibility that it will fail to rise above the MS-Signal indicator and continue to decline.

Therefore, you should not forget that you need to cut your loss when it falls below 37929.90 after buying.

If you have a lot of cash left after distributing your investment weight well, you can buy more when the next BW(0) line is created to lower the average purchase price.

However, since it is a 1W chart, such a transaction is not easy, so I think it is better to buy again after cutting your loss.

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(1D chart)

Since BW(0) and BW(100) lines are often created on the 1D chart, it is recommended to use the BW(0) and BW(100) lines created at the current price position for trading.


As mentioned earlier or in the chart, you can see that the BW(100) and BW(0) lines appear after the arrows are created, and there is a decline and rise.

Therefore, since the arrows are created near the current price, you can see that the BW(100) line is likely to be created soon.

Therefore, if you are trying to make a new purchase now, I think it would be better to lower the investment ratio or not to make a transaction at all.

In any case, when the BW(100) line is created, you have to stop the transaction in progress or sell some of it.

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It is not much, but I think it can be a good reference for trading.

If you look at the StErr Line, HA-High, HA-Low, BW(0), and BW(50) indicators together to make this judgment, I think it will be a great help in your trading strategy.

Since these indicators can be used on all time frame charts, I think they can help you get an eye for selecting support and resistance points.

If you use too many indicators, you can trade incorrectly.

Therefore, you should think about how to use the indicators, which indicators to apply to which trading strategy, and think about how to use them accordingly.

I hope that this time, you will trade without HODLing at the high point.

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Have a good time.
Thank you.

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