Need to check if it can rise along the uptrend line (1)

11 окт. 2023 г.

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(BTCUSDT 1D chart)

It showed a decline while touching the 'more important section' and the MS-Signal indicator.


We could see that the intensity of the decline was strong as the StochRSI indicator showed a two-stage (?) decline.

At the same time, the StochRSI indicator entered the oversold zone.

Accordingly, when the price moves out of the oversold section, a change in trend is expected to occur depending on which point or section it receives support or resistance from.


Since it is currently a movement within an upward channel, it is necessary to check whether it is rising along the upward trend line (1).

If it falls below the rising trend line, the key is whether it can receive support around 26101.77 and rise.


Since the StochRSI indicator has entered the oversold zone, it means that the intensity of the decline will be strong until it leaves the oversold zone, so at present, you should think that there is a possibility of a continued decline and think about countermeasures.


As mentioned in the previous idea, the 'more important section' and the area around 26101.77 correspond to the time to buy BTC or ETH.

Therefore, you can proceed with additional purchases when you see support in this section.


(1W chart)

The start of a period of great volatility is expected to begin with a drop below 21258.0-23174.39 or a rise above 29241.72-30767.38.

I think the movements until then were just sideways.

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In any case, you must be careful when trading altcoins because it is believed that the profit realization period and day trading period have ended.

However, since trading in very short periods such as scalping is possible at any time, whether in a rising or falling market, it is possible to trade for altcoins that you wish to invest in from a mid- to long-term perspective.

The reason is that when BTC is below 29K, it is the time to focus on buying BTC or ETH, but for altcoins, it is the first buying period.

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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.

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12 окт. 2023 г.

Заметка

(BTCUSDT 1D chart)

We need to see if we can rise along the uptrend line (1).

At this time, if the StochRSI indicator moves out of the oversold range and rises above the EMA line, it is expected to be a buying time from a short-term perspective.

However, if it fails to rise above the MS-Signal indicator, it may lead to a further decline, so caution is required.


(BTCUSDT 1h chart)

It is necessary to check whether the previous circle can show the same movement as the drawn section.

To do so, the key is whether the price can be maintained by rising above 26876.36.

13 окт. 2023 г.

Заметка

(LTCUSDT chart)

Sometimes, I hear hopeful stories about LTC.

However, looking at the chart you can see that this is not the case.

Many people say that you can make a big profit if you buy at a very low price and wait, but we know that this is not the case when you actually buy at a very low price.

It is said that investing is a series of waiting, but if the waiting period starts to take longer than expected, you will eventually not be able to wait until the end and quit midway.

Because of this, there is a high possibility that you will miss out on other good opportunities, so you must keep this in mind.


Create a long-term trading strategy with 1M charts.

Accordingly, we maintain the price by rising above the MS-Signal indicator on the 1M chart and check whether the MS-Signal indicator has switched to a bullish sign.

Since these movements occur very slowly, there is a possibility of significant losses when trading, so you need to think about how to deal with them.



For example, if you buy when support is confirmed around 66.93 and decide to take a stop loss when you touch 55.72, the loss may feel quite large depending on the individual.

Therefore, in a trading strategy from a long-term perspective, rather than setting a stop loss point, you should seek a method of avoiding stop loss through split purchases.

If you don't think you can do that, it's better not to do the transaction itself.



Create a trading strategy with a mid- to long-term perspective with 1W charts.

Currently, the volume profile section is formed around 56.59, so if support is confirmed around this area, it is time to buy.

For mid- to long-term investments, if possible, it is recommended to create a trading strategy that allows you to purchase in installments without stopping at a loss.



Create a short-term perspective trading strategy with 1D charts.

In the explanation of the 1M chart and 1W chart mentioned earlier, I mentioned that it is a good idea to seek a method of utilizing split buy transactions.

Therefore, ultimately, no matter which time frame chart you create your trading strategy on, you must complete the detailed trading strategy on the 1D chart.

Therefore, the trading strategy on the 1M chart and 1W chart is a rough strategy to the extent of identifying important support and resistance points, and based on this, you can create a detailed trading strategy on the 1D chart.

Therefore, displaying the support and resistance sections of the 1M chart and 1W chart on a 1D chart and viewing them together can be said to be a way to quickly create a trading strategy.



It is a good idea to mark the support and resistance of the 1M chart and 1W chart on the 1D chart as shown in the chart above.


However, because many lines are created on the chart, it may be difficult to use the chart, but once you get used to it, it may be better than splitting the chart.


Based on the support and resistance points shown as examples, you will see that there are sections that allow you to see how strong the support and resistance will be.

Accordingly, you will be able to create a trading strategy based on whether you should buy or sell depending on which point or section you receive support or resistance from.

13 окт. 2023 г.

Заметка

If there are coins (tokens) that are currently recording losses due to failure to respond properly at the end of the day trading period,

You must calmly judge whether you purchased a coin (token) that is currently recording a loss just for day trading, or whether it is a coin (token) that you are purchasing from a mid- to long-term perspective.

If you purchased a coin (token) for day trading, it is recommended to sell it when there is a rising candle on the 1D chart.

You need to be careful about holding on to coins (tokens) just because you don't want to lose money because you may miss out on better opportunities in the future.


For example, as shown in the DOGEUSDT 1D chart, it fell below the box range and fell significantly below the MS-Signal indicator.

If you trade a coin (token) that shows this kind of movement for day trading, you should naturally stop your loss.

If you were planning to make the first purchase of DOGE from a mid- to long-term perspective, you can stop trading for a while and make additional purchases when you see a trend change to lower the average purchase price.

In this sense, thinking about converting the coins (tokens) purchased for day trading into mid- to long-term investments is a very inappropriate transaction and is not progressive in creating a trading strategy.

If you continue trading like this, there is a high possibility that you will eventually leave the investment market, so a cool-headed judgment is necessary.

13 окт. 2023 г.

Заметка

(USDT 1D chart)

It creates a long tail, indicating volatility.

The larger the candle, the more likely it is that trading will be active in the USDT market.

So, you can see that there are a lot of transactions going on right now.

At this time, it is good if the body of the candle, that is, the size of the candle consisting of the opening and closing prices, is small.

This is because it means that although a lot of transactions were made, little was converted to USDT.


(BTCUSDT 1D chart)

No matter what kind of movement there is, ultimately, an upward trend is possible when the price rises above the MS-Signal indicator and maintains the price.

Therefore, when it is below the MS-Signal indicator, you can earn cash profits through aggressive buying or day trading, or increase the number of coins (tokens) corresponding to profits.


In this movement, the StochRSI indicator is used as a reference indicator.

Currently, the StochRSI indicator is located in the oversold zone, which means that the strength of the decline is strong.

Therefore, it is a good idea to check which point or section is supported or resisted based on when it leaves the oversold section and respond by creating or modifying a trading strategy.



If the StochRSI indicator shows a trend reversal, for example, like the StochRSI indicator on the ETHUSDT 1D chart, the price will show a trend reversal even if the downtrend continues.

A trend reversal phenomenon means that there is an increasing possibility that an uptrend will occur, which can lead to the illusion that it will definitely turn into an uptrend.


Therefore, we can see that BTC is not yet ready for a trend reversal.

The StochRSI indicator may indicate a bullish sign as a new candle is formed, but it is important to check whether the bullish sign is maintained until the close of the day.