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When looking at the investment market, the first thing to do is to analyze the chart, and I wanted to say that the most important thing is how to create a trading strategy that suits your investment style with that chart.
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Most people try to predict the movement of the investment market by looking at the announcement of various economic indicators and the contents of global issues (war, corona, etc.).
A big issue must be something that can cause great volatility in the investment market, but it is also clear that when such an issue accumulates, it can no longer create volatility.
So, you should be careful that trying to predict the movement of the investment market with such issues can make a wrong prediction.
Sudden big issues For example, in the case of a global shock due to an issue such as the 9/11 terrorist attack, it may cause great volatility without time to respond.
Other than these issues, most of the chart's price movement will react first.
In order to see this pre-reflection in advance, you need to look at the chart without reflecting factors that can change your psychological state, such as the announcement of various economic indicators or global issues.
I don't think this kind of work is a big deal, but it is a very important factor that occupies a fairly important part of investing.
We need to think a lot about how to figure out the trend only with the movement of the chart, away from the announcement of various economic indicators and thoughts about global issues.
As it rises above the indicator called Low, which was created on June 19, 2022, we can see that it is splitting the flow of the chart in half.
A change in the -100 indicator has always completed a low.
Although it is currently showing a different look than before, it will form a low as long as the -100 indicator is created.
The +100 indicator is an indicator that starts generating when a high is formed.
Therefore, a rise above the +100 indicator means that the uptrend to break the high is likely.
Therefore, in order to show a full-fledged uptrend from the current price position, it must rise above 38K.
The high point has been holding for a long time now.
However, the low point has not yet formed a clear point due to the change of the -100 indicator.
However, as the -100 point is moved near the current price range, the possibility of forming a low is very high.
This shows that we are facing a new trend.
Keeping the price above 17941.69 is most important from a short-term perspective to create this new trend.
The next most important thing is to keep the price above 20552.75.
Then, it completes the appearance of a trough (a phenomenon in which the price drops more before making a bigger rise) before showing an uptrend.
The StochRSI indicator is showing a fairly rapid decline.
We will verify what we said above by looking at where the Stoch RSI indicator finds support and resistance when it turns upside down.
This change in support and resistance points can tell you which direction the movement of the current chart is about to head.
You may think my explanation is inconclusive, but the conclusion has already been drawn.
We live in a flood of information.
It is quite difficult to infer an objective conclusion by synthesizing such a large amount of information.
Therefore, it is necessary to objectify all information using objectified tools and indicators.
Many celebrities' chart analysis methods and trading methods are introduced on the Internet or in books.
In order to make the contents of these people my own, it can only be acquired through numerous transactions and numerous experiences.
Over time, trends change and all patterns change and evolve.
In order to read the chart in line with these changes, I think it is better to use a simpler and faster way to analyze.
This is because you can keep up with the ever-changing trends.
It is more important to make your own mental state stable due to volatility by investing more time in the trading strategy than the time used for analysis.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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評論
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When looking at the three charts, what do you check?
Price position, trading volume, or movement of various indicators....
No matter which one you check, it is important to see it once.
And, is there anything that catches your eye?
It is important to construct and analyze the chart in various ways, but there must be something that can be seen at a glance.
Analysis is analysis, nothing is gained by analysis.
Analysis only tells you if a trade is available now, or when a trade will be available.
Therefore, you should spend a lot of time thinking about how to trade when trading is possible, that is, creating a trading strategy, while reducing the time for analysis as much as possible.
If you spend a lot of time analyzing and not investing time in developing a trading strategy, you will likely trade with psychological anxiety because you are unlikely to be able to cope with price volatility.
Since this unstable psychological state can cause a feeling of rejection, it is necessary to make efforts to make one's psychological state stable and comfortable.
Analysis should be simple.
The more you think, the more you can get stuck in the loop of your thoughts.
To free yourself from these thoughts, continue to work on seeing if you are supported or resisted by the support and resistance lines you have set for yourself.
This task will free you from the pain of analysis.
評論
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Waves are always present on any chart, any time frame chart.
You can trade by choosing which wave to trade in according to your investment style.
Which time frame chart do you trade on?
It's a good idea to check the timeframes when you hear or see someone else's opinion, as conversations over different timeframe charts can lead to nonsensical comments.
The wave itself seen by those who trade on the 5m and 15m charts and those who trade on the 1h, 4h and 1D charts is different.
In this regard, caution should be exercised in every idea and every conversation.
評論
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When the price is trending up, the only time to buy is when the 1D chart shows a falling candlestick.
At this time, the important thing is to show support at the point of support and resistance, so there is a high possibility of profit.
Also, you must set the S/L point.
If you can't establish an S/L point, don't buy yourself.
When the price is trending down, the best time to buy is during the rising candlestick on the 1D chart.
When it is on a rising candlestick, it means you can buy a breakout.
Therefore, you should buy when the price rises and is supported at support and resistance points and is on an uptrend candlestick to anticipate further upside.
Also, you must set the S/L point.
If you collect these thoughts, these methods one by one, and create your own trading strategy, you can reduce the time spent on analysis.
If you invest a lot of time in difficult analysis techniques or analysis, you should be careful because you can get stuck in the bridle of your own thoughts.
評論
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The question is whether there are support and resistance points near the current price.
You should think twice before starting a trade, as it is difficult to win your own psychological warfare with support and resistance points drawn after the price moves, rather than pre-drawn support and resistance points before the price moves up or down.
評論
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Looking at any time frame chart, coins (tokens) that are far from the current price and support points should be cautious when buying in the manner described above.
It is recommended to wait for support to appear near the support point, as it may drop suddenly and touch the support point.
評論
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When the price movement is boxed or sideways, most people feel unbearable psychological anxiety.
Even more so when the price shows an uptrend, a box, or a sideways trend.
Currently, the box and sideways sections are formed in the 22471.5-22975.1 section.
In spot trading, you should buy when you see a breakout or a pull back when you see a box or sideways section in an uptrend.
However, these movements are not easy to predict.
Therefore, when it shows support at the bottom of the box and sideways section (around 22471.5), split buying is done.
And, you need to set the S/L point in preparation for a decline.
However, since a pull back pattern may come out, you need to think about the S/L point in preparation for this.
On the current chart, the area around 220984.7-1826.1 is an important support and resistance zone.
So, you need to make sure you are supported in this area.
Therefore, it is recommended to proceed with the S/L point when it falls below 5EMA on the 1D chart and receives resistance, or when it falls below 20984.7.
Since the box and sideways ranges were formed in futures trading, high multiplier trading can be done in these box and sideways ranges.
It is good for your mental health to proceed when you get out of these boxes, sidewalks, unless you have high magnification.
When you show the appearance of trying to get out of the box or sidewalk section, you are in a position that fits the direction.
For example,
Enter a 'SHORT' position when it falls below 22471.5.
The initial S/L point is around 22975.1.
When it rises above 22975.1, it enters a 'LONG' position.
The initial S/L point is around 22471.5.
With this designation, 2-3 stop losses may occur.
However, if you get out of the box or sideways range and show great volatility, you will recover your losses and turn them into profits.
Losses can be heartbreaking, but they don't significantly affect your mental health.
Just mechanically place a pre-order again as in the example above.
The most important thing in trading is not loss, but my state of mind.
If my mental state starts to become unstable if I continue trading, I will incur more losses and eventually withdraw from the investment market.
So, finishing the trade before my psychological state becomes more unstable!!! This will increase the possibility of making future trades successful even if you lose money.
A candle marked with a finger has increased the potential for volatility.
However, it formed a box and a sideways section while updating a high point and showing support at an important point.
This period of volatility is expected to last until January 29th (up to January 31st), so we recommend keeping an eye on movements during this period.
First of all, the possibility of volatility is increasing as the 5EMA on the 1D chart is expected to rise and enter a boxed, sideways zone soon.
Therefore, we need to touch 5EMA on the 1D chart and see if it rises or falls and trades accordingly.
Since the price is located above the M-Signal on the 1D and 1W charts, when it falls from 5EMA on the 1D chart, there is a possibility of touching the M-Signal on the 1D and 1W charts.
Therefore, preparation for this is also necessary.
If it fails to break the high and continues to break below the support point (around 22471.5), it is highly likely that it will eventually lead to a decline, so be prepared for this.
When it comes to the -100 indicator, I don't understand.. It shows clear bottoms and then suddenly there are several short term bottoms and now a higher bottom forming, which if I understand you correctly may indicate that a real bottom is soon evident, perhaps it is already in? You have stated you think we need a return to 13-15k before, which is what I think too, I have had a target at 11.700 based on fibonacci, previous market lows and drawdowns in previous cycles of ca -84%, but it makes sense that the drop is less this time since the market is more mature. Also a lot of things happening macro, which is invisible to the general public, that indicates that crypto adoption is really on its way (CBDC's etc, institutions etc). I am mostly on the sidelines for now, hoping/expecting a big drawdown in the form of a long wick on weekly, to feel more confident the bottom is really in.
InvestingScope
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Always like your analyses. Perhaps you like our latest too:
nestorador
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@InvestingScope, only indicators on indicators could be better than channels on indicators 😀👍 Once I even saw an idea with H&S on RSI! %) Than we got a secret - author were a girl! 😀 I go to 21727 and think 20400 is unbreakable. or 21400.... forgot :-) Let's go and see by the way! Cheers! 😀
ferulianov
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Perfect placement, theory of efficient markets.
readCrypto
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@ferulianov, Thank you for leaving a comment. Have a good time.
TradingShot
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Good look at the market. We are posting ours for comparison purposes:
VargVemund
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Yes spending time on developing a strategy is more important than analysing charts, as you will likely try to find different outlooks from charts, and change the strategy too often, while a strategy may help you analyse the right things on charts. It's like if you don't know what to study you will study everything and not become an expert. I fall in that latter category in many areas of life unfortunately. I still don't have a set strategy, trying to figure it out. Been in many shitcoins in the decentralised world, which is the part of the market I believe most in long term, but also where most scams etc are. Anyway again thanks for your analysis!
readCrypto
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@VargVemund, hello? Thank you for leaving a comment.
Changes have been made to the chart.
As a result of the change, the -100 indicator (meaning the -100 point of the CCI indicator) is created, and it is seen as forming a low point.
Just because it's making a low doesn't mean it won't go down.
Most importantly, it confirms the transition to a new trend.
It only needs to fall below the downtrend line (1) to maintain the new trend.
This is the most important key point in my chart.
These changes do not include areas outside of the investment market, such as the many economics and politics that are currently being shown.
However, the movement of the chart is showing that.
I do not analyze charts by referring to issues other than the charts.
Therefore, when I analyze the chart and come across various issues, there are times when I wonder if that will really happen.
However, in most cases, analyzing only the appearance of the chart is more suitable for predicting the movement of the chart.
The charts that we refer to for predicting these movements are the USDT, USDC, BTC.D, USDT.D, NAS100USD, DXY, and XAUUSD charts.
We identify the flow of funds by synthesizing the movement of a total of 7 charts, and judge by looking at the flow of the identified funds, the movement of the BTC chart, and the status of the indicators.
No one knows if institutional investors and whales' funds are stagnant.
It is better not to be seduced by such articles.
Most of the channel of funds in the coin market is through USDT.
Since USDT is trending sideways right now, it is clear that no new money is flowing in or out.
In this money flow situation, expecting a big drop would mean that it will lead to an increase soon.
In order to turn from a big decline to a downtrend, the coin market must see the withdrawal of funds before that.
In that sense, from a mid- to long-term perspective, if it declines during this period of volatility, you should start buying.
In other words, I think it is the same as the meaning that it is forming a low point or bottom.
VargVemund
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@readCrypto, Very interesting - and thanks so much for your great answer - which isn't only to me I see in the telegram-group. This is the act of a person who wants to see other succeed - I truly appreciate this kind behaviour. I will read this again in the morning as is late and I will comprehend better. Thanks again ReadCrypto!
nestorador
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@VargVemund, hello! I beg my pardon but I feel how you are doing wrong assumption. Everybody here knows that "less trades - more profits" Yes, sometimes I post opposite idea too fast and again and again I (and everybody) I realise that this is a misstake %) Say truth, you have no idea how to read this chart? Feel free to ask, it is better than to assume. Cheers! 😀