The key is whether the box section and pull back can be created

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(BTCUSDT 1D chart)

The HA-High indicator, which showed signs of being created yesterday, is expected to be created for sure this time.

Accordingly, the key is whether it can be supported near 96372.40 and rise above 98892.0.

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Since the creation of the HA-High indicator means that a high section has been created, I think that whether there is support near the HA-HIgh indicator can be an important criterion for predicting future trends.

First, we need to check how the box section is formed after the HA-High indicator is created.

Since the box section is usually formed above and below the HA-High indicator, it also means a section that moves sideways to the HA-High indicator section.

However, there are cases where a trend is formed right away without forming a box section, but since such cases are extremely rare, I think you don't need to worry about this.

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What we need to consider is whether the MS-Signal (M-Signal on the 1D chart) indicator can be touched and risen.

In other words, if the MS-Signal (M-Signal on the 1D chart) indicator is touched and rises while creating a box section of the HA-High indicator, a pull back pattern will be created and an upward price adjustment will be experienced.

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If not, and it falls below the MS-Signal indicator, there is a possibility that it will touch around 79.9K-80.9K.

This section was explained yesterday with the 1W chart.

Therefore, you can see how important the MS-Signal (M-Signal on the 1D chart) indicator area is.

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The next volatility period is around December 3rd.

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Have a good time.
Thank you.

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

(BTCUSD 12M chart)

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

In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.

Accordingly, the upward trend 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, it is expected that prices below 44K-48K will not be seen 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.

It is up to you how to view and respond to this.

If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.

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

The reason is that the user must directly select the important selection points required to generate 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 to use it for trading strategies.

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

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註釋

The reason I am not saying that BTC will turn into a downtrend even though it is expected to decline is because it is difficult to say that it is a definite downtrend.

As I mentioned in the text, there is still time left to form a pull back pattern and a box section of the HA-High indicator.

Therefore, I think it is necessary to focus on whether this decline can form a box section or a pull back pattern by around December 3rd.

In this situation, the point to watch is whether the rise of ETH can lead to the rise of the coin market.

註釋

For those of you who live in the same time zone as me, this is a market where volatility occurs while you are sleeping, so you cannot respond immediately.

Therefore, you need to respond when a new candle is created on the 1D chart.

Usually, coins (tokens) that have fallen by -10% or more are likely to rebound, so you need to think about how to respond at this time.

Therefore, you need to observe what kind of movement is shown at the support and resistance points formed at the current price.

交易進行

#BTCUSDT

The HA-High indicator on the 1D chart was created at 96372.40.

In the process, the first box section was formed over the 92600.19-98871.80 section.

Accordingly, the key point is whether this box section will be maintained or whether it will break out of the box section and form a trend.

If it shows resistance at the bottom of the box section, you should check whether there is support near the MS-Signal (M-Signal on the 1D chart) indicator.

In other words, you should check whether there is support near the 87.8K-90.5K section based on the current price position.

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If the price is maintained within the box section, it is expected that the MS-Signal (M-Signal on the 1D chart) indicator will rise within the box section, forming an important support and resistance section.

註釋

What I'm talking about is what is expressed by the indicators shown on the chart.

Therefore, how to interpret the indicators is important.

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The most important indicator is the MS-Signal indicator.

The MS-Signal indicator consists of the M-Signal indicator and the S-Signal indicator.

Among them, the M-Signal indicator is the important indicator.

Therefore, you can use the M-Signal indicators of the 1M, 1W, and 1D charts to determine the current trend.

When the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, it can be seen as an upward trend, so this is the arrangement that you should mainly trade.

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The next important indicator is the HA-Low, HA-High indicator.

This indicator, like the BW(0) and BW(100) indicators, shows the low and high points, so it is an important indicator.

The HA-Low and HA-High indicators are indicators created to find trading points when trading using the Heikin-Ashi candle chart.

Therefore, if the HA-Low indicator is created, it means that a low point has been formed, so you should focus on finding the right time to buy.

On the other hand, if the HA-High indicator is created, it means that a high point has been formed, so you should focus on finding the right time to sell.

On the other hand, if the HA-Low indicator falls, it is likely to show a stepwise downtrend, and if the HA-High indicator rises, it is likely to show a stepwise uptrend.

Therefore, you should check which direction it deviates from the box section based on the HA-Low and HA-High indicators.

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The BW indicator is an indicator that evaluates the MACD, StochRSI, OBV, and ATR indicators.

Therefore, since the creation of the BW(0) indicator means that a low point has been formed, you should focus on finding the right time to buy, just like the HA-Low indicator.

The fact that the BW(100) indicator was created means that a high point has been formed, so you should focus on finding the right time to sell, just like the HA-High indicator.

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Therefore, since the HA-Low, HA-High, BW(0), and BW(100) indicators are indicators for trading, they are not used as a basis for judging trends like the MS-Signal indicator.

For example, the fact that the BW(100) or HA-High indicator was created does not mean that the future trend will turn into a downtrend.

Just because a high point has been formed, you should use it to create a trading strategy such as selling the coins (tokens) you currently own in parts or selling 100% and watching the situation.

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The remaining indicators are indicators that you need to create a more detailed trading strategy after you become familiar with the movements of the above indicators, so you can ignore them at first.

(1. Trend indicators)