Need to check if you can get out of the current sideways section

8 июн. 2023 г.

Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(BTCUSDT chart)


It is necessary to check in which direction of the sideways section of 26013.28-30184.24 it is deviating.

Among these sideways, the important support and resistance sections are
1. 26574.53-27496.02
2. 28465.36-28923.63
Sections 1 and 2 above.

Therefore, it is necessary to check whether it is supported or resisted in sections 1 and 2.


Looking at the long term perspective, i.e. on the 1M chart, the important support and resistance range is the 28465.36-28923.63 area.

Therefore, if the price rises above this range and maintains the price, it is expected to continue the upward trend from a long-term perspective.


From a medium to long term perspective, i.e. looking at the 1W chart, the important support and resistance range is the 26574.53-27590.60 area.

Therefore, if the price rises above this range and maintains the price, it is expected to continue the upward trend from a mid- to long-term perspective.


The sideways range of 26013.28-30184.24 falls within the range of the Bollinger bands on the 1D chart.

The bottom of the Bollinger bands corresponds to the important section where the M-Signal indicators on the 1M and 1W charts are passing.

The upper part of the Bollinger bands corresponds to the section where the HA-High indicator of the 1D chart is formed.


Also, with the decline prior to May 9th, the Stochastic, RSI, StochRSI and CCI indicators are all at steadiness.

Therefore, it can be seen that the current segment is definitely a sideways segment.


If this movement continues, it can be said that it is likely to eventually show an upward trend, but it is located near the lower end of the sideways zone, so it is actually a difficult area to trade.

Therefore, in order to trade in these sections, you must trade with a level of investment that does not upset your psychological state.

Therefore, an aggressive buying section is possible when it shows support in the 26574.53-27496.02 section.

As mentioned above, this section corresponds to an important section of the 1W chart, so it is a buying season from both a short- and mid- to long-term perspective.

Therefore, it is necessary to conduct transactions by adjusting the proportion of investments in consideration of one's own investment style, that is, the investment period.

Above the 26574.53-27496.02 section, the vicinity of 28465.36-28923.63 and 30184.24 is an important support and resistance section, so it is a split trading point, so you must think about countermeasures and proceed with trading.

------------------------------------------

(BTCKRW chart)

It is necessary to check in which direction it deviate from the 34820000-37821000 section.

If it finds resistance below 34820000, I would expect a decline around 29639000.

At this time, it is necessary to confirm as it can be supported around 31024000-32042000.


If it finds support above 37821000, it is likely to break the recent highs.

Therefore, it is expected to rise around 40674000.

At this time, you may receive resistance near the HA-High indicator on the 1D chart, so you need to check.

------------------------------

- 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.

-------------------------------------------------- -------------------------------------------

** 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.

---------------------------------