No matter what you do, the basic chart is the 1D chart

10月17日

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In order to analyze the chart, you will use various chart tools.

However, if there are no support and resistance points drawn on the 1M, 1W, and 1D charts, you will find that it is difficult to conduct actual trading.


In order to explain how the trend changes when there is a certain movement at the support and resistance points shown on the chart, I provided a basis by using chart tools.

However, if you trust the support and resistance points drawn on the chart, you do not need to use various chart tools separately to find such basis.

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The 64748.70-65920.71 section is formed by the HA-High indicator of the 1D, 1W charts.

Therefore, if it is supported and rises in this section, it is highly likely to show a stepwise uptrend.

If it falls in the 64748.70-65920.71 section, it is highly likely to touch the HA-Low indicator.

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BW (100) point of the 1W chart: 68393.48
BW (100) point of the 1M chart: 71280.01
BW (100) point of the 1D chart: 73072.41
BW (100) lines are formed at the above points.

The formation of the BW (100) line means that the MACD, DMI, and OBV indicators are showing strength.

Therefore, just like the HA-High indicator, the BW (100) point can be said to have shown a high point range.

Therefore, if it rises above the BW (100) point, it can be seen that there is a high possibility of a strong upward trend.

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In this sense, we can see that the current high point range is the 61099.25-73072.41 range.

Since the HA-High indicator or the BW (100) point moves and is created by volatility over time, we should carefully observe when there is a change in the high point range.

This is because at that time, there is a high possibility of creating a new wave.

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The lines that make up the MS-Signal indicator are M-Signal and S-Signal.

Of these two lines, the important line is M-Signal.

Therefore, the M-Signal lines on the 1M, 1W, and 1D charts serve to indicate trends.

It was created so that you can see the overall trend on any time frame chart.

Therefore, the current indicator (HA-MS) can be said to be an indicator that expresses everything.

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You can mark the HA-Low, HA-High, BW (0), BW (100), and Mid (50) points on the 1M, 1W, and 1D charts and use them as support and resistance points on the time frame charts you mainly trade.

As I mentioned earlier, you can check the arrangement of the M-Signal lines on the MS-Signal indicator and create a trading strategy that matches the trend.

It is recommended to start trading when the price is maintained above the M-Signal line on the 1M chart at least.

If possible, it is better to start trading when the price is maintained above the M-Signal of the 1W chart when the M-Signal of the 1W chart > the M-Signal of the 1M chart.

(ETHUSDT 1D chart)

Therefore, ETH is currently not a good state to trade.

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The StochRSI indicator seems to be showing a downward trend.

However, it has not yet fallen from the overbought zone or has not yet turned into a state where StochRSI < StochRSI EMA, so it should be interpreted that the current upward strength is strong.

Therefore, caution is required when trading because there is a possibility of further increase.

In any case, the 64748.70-65920.71 range is formed at the current price position, so the key is whether it can be supported and rise near this range.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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10月17日

註釋

#BTCUSDT.P 1h

On the 1h chart, it is showing a downward trend with resistance at the BW (100) line.

Currently, the MS-Signal indicator is showing a downward trend.

Therefore, we need to see if it can rise above the Mid (50) line, 67430.1.

If not, there is a high possibility that volatility will occur as it touches the 5EMA on the 1D chart.

10月17日

註釋

The coin market is sometimes called trend following.

This is because it often shows signs of moving according to a trend that has already been formed.

That is why major trend changes are usually analyzed using the price moving average line.

In particular, the coin market is often compared to the 200 price moving average line.

Therefore, I think that the most basic trend indicator is MACD.

No matter what other trend indicator is used, it cannot escape the movement of the MACD indicator.

If you look at the formula of the MACD indicator, it is simple.

The MACD indicator is created using the price moving average line.

The reason I am telling you this is because I think there is still a tendency to ignore auxiliary indicators.

If you look at a lot of price candles, you will naturally see support and resistance points, and as you do that, you will naturally stop using the price moving average line as you develop the concept of the price moving average line.

However, in order to quickly check the charts of all coins, displaying an indicator is very advantageous in terms of saving time.

If you only trade 1-2 coins, you do not necessarily need an indicator.

Because, you keep looking at that chart.

So, it is good for your mental health to add indicators that suit you to the chart.

10月19日

註釋

Both USDT and USDC are showing a gap upward trend.

Accordingly, we can see that funds are flowing into the coin market.

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#BTCUSDT 1M

The evaluation of the BW indicator has been changed from MACD, DMI (ADX), OBV to ATX, DMI (ADX), OBV.

In the interpretation method of the OBV indicator,
- OBV Down is displayed when the upper channel of OBV breaks downward,
- OBV Up is displayed when the lower channel of OBV breaks upward.

In addition, OBV 0 is activated to be displayed when passing the OBV 0 point.

#1W

The BW (100), BW (0), and Mid (50) lines are likely to have changed due to the change in the BW formula.

#1D

This has changed the next volatility period from around November 4th to around November 7th.


I have activated the chart tools for chart analysis.
The key is whether it can rise above the changed BW (100) point of 68955.88 and whether it can lead to a move towards the 72078.1 level.

Currently, the StochRSI indicator can be seen as leveling off near the high point (100) of the overbought zone.

When the StochRSI indicator turns downward or falls from the overbought zone, the point to watch is where support and resistance are found.

If it falls,
1st: 67074.14
2nd: 64748.70-65920.71
3rd: 61099.25
You need to check whether there is support near the above zones.