Need to check the movement of StochRSI and BW(100)

לפני 5 ימים

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(BTCUSDT 1D chart)

The StochRSI indicator is showing a change in slope in the overbought zone.

However, due to this rise, the StochRSI indicator may touch the 100 point.

Accordingly, the StochRSI indicator will soon turn downward.

Therefore, when the StochRSI indicator shows a downward trend, the key is whether it can be supported around 101947.24-106133.74.

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As the BW auxiliary indicator touches the 50 point, the BW(100) indicator is about to be newly created.

Accordingly, the direction in which the newly created BW(100) indicator is created based on the current BW(100) indicator point of 106133.74 is the point of observation.

Since the BW auxiliary indicator must fall from the 100 point in order for the BW(100) indicator to be created, the price will fall when the BW(100) indicator is created.

The BW(100) indicator has currently been on an upward trend.

This time, the point of observation is whether the BW(100) indicator can be created above 106133.74.

The BW(100) indicator and the BW(0) indicator are paired indicators.

Since the BW(100) indicator fell as it was created, the BW(0) indicator was created, so it can be seen that the wave has been initialized.

This time, since the BW(0) indicator is rising as it is being created, if the BW(100) indicator is newly created this time, the wave will be initialized.

This wave refers to the box section that moves in the BW(0) ~ BW(100) section.

The actual wave or trend starts when it deviates from the BW(0) ~ BW(100) section.

The HA-Low and HA-High indicators can also be interpreted as BW(0), BW(100).

However, the HA-Low and HA-High indicators are more likely to show wider movements than the BW(0), BW(100) indicators, so they are more advantageous in creating trading strategies.

In that sense, the BW(0) and BW(100) indicators can be said to be indicators that can be responded to in detail in trading strategies.

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The high point boundary section was formed as the HA-High and BW(100) indicators were created.

Accordingly, it will enter the high point section only when it rises above the 101947.24-106.133.74 section.

If so, the possibility of starting a new upward wave increases.

On the other hand, when the HA-Low indicator and BW(0) indicator are generated, a low point boundary section is formed.

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Not all indicators move at all times according to the interpretation method.

However, it can only help you find a basis for buying or selling when conducting actual transactions.

The movement of these indicators can be said to be like finding a lighthouse in the vast sea of ​​​​trading.

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The next volatility period is between January 23rd and 30th.

We need to look at how BTC moves as it passes through this volatility period.

As explained above, since the StochRSI indicator is in the overbought section, it is important to see whether the STochRSI indicator shows a downward trend as it passes through this volatility period.

The MS-Signal (M-Signal on 1D chart) indicator is rising to around 97461.86.

Accordingly, in order to maintain a short-term uptrend, the price should be maintained above the MS-Signal (M-Signal on 1D chart) indicator.

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Thank you for reading to the end.
I hope you have a successful trade.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been maintaining an uptrend following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.

Accordingly, the uptrend is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, you can see that the upward trend is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, we expect that we will not see prices below 44K-48K in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

In other words, it is the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, it is expected that this Fibonacci ratio will be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

How to view and respond to this is up to you.

When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.

This is because the user must directly select the important selection points required to create Fibonacci.

Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.

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

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לפני 5 ימים

הערה

#BTCUSDT 30m

Since the StochRSI indicator is at the 0 point, the possibility of an increase is increasing.

Accordingly, the support near 104463.99 is becoming important.

If the movement of the StochRSI indicator is ignored and further declines are made, you should check whether it can touch the area near 101947.24 or the 5EMA indicator on the 1D chart or the M-Signal indicator on the 1D chart and rise.

לפני 3 ימים

עסקה פעילה

#BTCUSDT

The StochRSI indicator has touched the 100 point.

Accordingly, this means that the upward strength is strong.

If we interpret this differently, it can also be interpreted that the current position is increasingly likely to become a high point because the price movement is slowing down compared to the upward strength.

The important points in the current price position are 106133.74, 104462.99, and 101947.24.

Therefore, we can see that it is important in which direction it deviates from the 101947.24-106133.74 section.

The longer the StochRSI indicator touches the 100 point and remains at the 100 point, the greater the decline in the StochRSI indicator will be even if the price falls slightly.

If the StochRSI indicator drops significantly and falls to around 50, the price fluctuations may increase further as the StochRSI indicator resets.

This may lead to a larger price increase.

Therefore, what we need to look at is whether there is support in the 101947.24-106133.74 range.

This movement is likely to occur around January 23-25, during this volatility period.

לפני 3 ימים

הערה

I recommend adding at least one auxiliary indicator, StochRSI, to the TradingView chart.

The settings for the StochRSI indicator are 14, 7, 3, 3 (RSI, Stoch, K, D).
The source value is ohlc4.

With these settings, you can see similar movements to the StochRSI indicator on my chart.

The StochRSI indicator focuses on finding a buying time when it is below the 50 point
- and finding a selling time when it is above the 50 point.

In particular, if the StochRSI indicator is above 80 or below 30, volatility can occur at any time, so you should pay special attention to it.

At this time, you should create a response strategy depending on whether there is support near the support and resistance points drawn on the 1M, 1W, and 1D charts.

לפני 3 ימים

הערה

#BTCUSDT

The BW(100) indicator is showing signs of being newly created.

Therefore, we should also check whether the BW(100) indicator is newly generated due to this decline.

The creation of the BW(100) indicator means that the price has fallen from the high point.

Therefore, we should consider a response strategy based on the point where the BW(100) indicator is created.

However, we should be aware that the price may have already fallen before the BW(100) indicator is created.

שלשום

הערה

#BTCUSDT

The ATH was renewed as the event shooting came out.

The high point boundary section is 101947.24-104556.23, and the BW(100) indicator is showing a downward trend.

The current BW(100) indicator point of 104556.23 needs to be maintained for at least 2 days in order to properly play the role of support and resistance.

Since this volatility period is expected to start around January 23, the point to watch is in which direction it deviates from the 101947.24-104556.23 section and is maintained.

However, since the StochRSI indicator is showing a downward trend in the overbought section, the key is whether it will be supported near 101947.24.

If the price stays above the MS-Signal (M-Signal on 1D chart) indicator, there is a possibility of a short-term uptrend.

שלשום

הערה

The StochRSI indicator on the BTC 1D chart is still in the overbought zone, but it is showing a downward trend.

Therefore, it may show an additional upward trend, but it will eventually show a downward trend.

Therefore, I think it is better to approach the new transaction you are trying to do now as a day trading or short-term transaction.

Of course, it can be said that it is a time when you should focus on finding the time to proceed with a sell (SHORT) position.

The problem is that the volatility period for BTC is likely to start on January 22nd.

Therefore, it is necessary to adjust the investment ratio and it is recommended to set a stop loss point.

שלשום

הערה

#BTCUSDT.P

The main trading strategy starts when the HA-Low and HA-High indicators are touched.

Don't forget this.

שלשום

הערה

#USDT


#USDC



It seems that a lot of funds have flowed in through USDC.

#BTC.D

We need to see if these funds are concentrated on BTC or on altcoins.

If BTC dominance rises, we can judge that funds are concentrated on BTC, and if it falls, we can judge that funds are concentrated on altcoins.

#USDT.D

If USDT dominance remains below 4.97 or shows a downward trend, the coin market is likely to show an upward trend.

Accordingly, I think the maximum decline is likely to be around 2.84.

If USDT dominance rises above 4.97, the coin market is likely to be in a downtrend.

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Currently, BTC dominance is in an uptrend, and USDT dominance is in a downtrend.

If the current status is maintained, BTC is likely to show an uptrend.

אתמול

הערה

#BTCUSDT

With this decline, it is necessary to check whether the StochRSI indicator on the 1D chart is falling from the overbought zone.

The movement of the StochRSI indicator of the newly created candle is likely to be an important reference.

If it fails to rise above 104463.99, it should check whether it is supported near 101947.24.

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(30m chart explanation)
Looking at the 30m chart, it appears to have fallen near the 5EMA indicator on the 1D chart.

Therefore, the possibility of volatility is increasing.

It is also necessary to check whether the HA-Low indicator is touched or newly created.

The reason is that trading strategies can be created depending on whether there is support near the HA-Low indicator.

In any case, since it is highly likely that an upward trend will occur only when the MS-Signal indicator rises above it, the first task is to find support near the 5EMA or HA-Low on the 1D chart and see if it can rise above the MS-Signal indicator.