Full-fledged uptrend start section: 32259.90-37253.81

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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.

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(BTCUSDT chart)
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(1M chart)
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The key is whether the price can be maintained above the volume profile that is being formed in the 28465.36-28923.63 section.

Therefore, it is necessary to check whether it is sideways in the section 28465.36-37253.81.

The reason to check for sideways movement is that the HA-High indicator is currently located at 43823.59.


As the candlestick for the month of May is created, you need to check if the RSI indicator enters the overbought zone.

Since the RSI indicator is related to creating the HA-High indicator, it is highly likely that the HA-High indicator will move and be created when it enters the overbought zone and then moves out of the overbought zone.


Therefore, you should proceed with the trade thinking that there is wiggle room in the long term.



(1W chart)
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The StochRSI indicator is showing signs of breaking out of the overbought zone.

Therefore, when the StochRSI indicator falls below 50, the key is whether it can be supported and rise around 26574.53-27496.02.

At 27496.02, the HA-High indicator on the 1W chart is about to be created.

Therefore, if it is confirmed that it is supported when the 1W chart's HA-High indicator is created at the 27496.02 point, it is expected to rise above 32259.90.


The HA-High indicator means that there is a high probability of making a new high, so you need to think about how to respond to taking profits.

However, if supported by the HA-High indicator, it is highly likely to renew the recent high, so buying is possible, but a short-term response is required.


If it is resisted by the HA-Low indicator and falls, it is highly likely to renew the recent low, so we need to think about countermeasures against stop losses.

However, if it is confirmed that it is supported by the HA-Low indicator, it is possible to buy it, and it is highly likely to rise to the vicinity of the HA-High indicator.

Therefore, you can trade with a longer breath than buying at the HA-High indicator.


In trading, profits vary depending on how you make your psychological state stable.

Therefore, it is better to buy when there is support near the HA-Low indicator, which is likely to renew the recent low, than to buy it near the HA-High indicator, which is likely to renew the recent high.

However, in most cases, you can't buy near the low point and buy near the high point.

I think this is because it has a huge psychological impact.


The 32259.90-37253.81 section is a starting point that is likely to start a full-fledged uptrend from a long-term perspective.

So, if it rises above 37253.81, I expect more uptrend.

However, if it fails to break through upward, it could lead to further declines, so you need to think about countermeasures.

Therefore, around 26574.53 is an important support and resistance zone.



(1D chart)
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It is difficult to predict the movement right now, but we can think of what is important about the trend from the mid- to long-term perspective.

However, if you look at the mid- to long-term (1W) and long-term (1M) charts, the movement is concise, so you can get a lot of help in setting the direction.


Therefore, I think that by looking at the 1M and 1W charts and creating a trading strategy in the overall movement and big picture, you can see the low time frame chart and reduce the confusion caused by volatility when trading.


The 1D chart's HA-Low indicator is formed at 27985.15, and the 1D chart's HA-High indicator is formed at 30184.24.

Thus, the section 27985.15-30184.24 can be considered as a sideways section.

Directions outside of these sideways zones are expected to form trends.


However, since several indicators that play an important role are formed over the 26013.28-27496.02 section, it is expected to rise rapidly even if it falls below 27985.15.



If it declines in the month of May, you should check for support near 20050.02-23141.57.

However, as I said above, you should think about how to buy because it is not expected to drop significantly.


If it does rise, it is expected to rise around 35045.0-37253.81.

However, there is still a possibility of shaking up and down, so if you touch the area around 35045.0-37253.81, I think there is a high possibility of a sharp drop.

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- big picture
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A full-fledged uptrend is expected to start when it rises above 29K.

This is the 81K-95K range that 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.

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Nota
Stop loss range of Head and Shoulders pattern: 26574.41-27496.02
Nota
(BTCUSDT chart)
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It is supported near HA-High (27496.02) on the 1W chart and HA-Low (27985.15) on the 1D chart, and is showing a rise above the volume pfofile section of 28465.36-28923.63.

Therefore, it is necessary to check whether it is supported around 28465.36-28923.63.

However, since the HA-High indicator on the 1D chart is formed at the 30184.24 point, the area around 30184.24 corresponds to the resistance section.

Therefore, when support is confirmed around 30184.24, buying is possible.


If you bought near the HA-Low indicator on the 1D chart, your primary target would be around 30184.24.



From a mid- to long-term perspective, if it receives support around 27496.02 and rises, it is likely to continue its upward trend.

Therefore, a trading strategy based on short-term and mid- to long-term perspectives is required.

Since the trading strategy differs depending on the target investment period, it is necessary to analyze the chart to know the intention of the person presenting it and to confirm the contents of the chart analysis.

Depending on the time frame chart, which is usually used as a chart analysis, you can get a rough idea of the investment period of the charter.

Chart analysis written under the 1D chart is likely to fall under the perspective of day trading, so it is highly likely to fall under an area that requires quick response.

Therefore, if the chart analysis written under the 1D chart or less passes for more than 1-2 days, there is a high possibility that it will not match the content of the chart analysis, so this should be taken into account.


Since chart analysis created on 1D charts or higher includes more than a short-term perspective, it is likely that the chart flow will fit over time.

thus,
1D charts: short-term perspective
1W Chart: Medium to Long Term Perspective
1M Chart: Long Term Perspective

Since it can be applied as above, you must check the time frame chart used for chart analysis.
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