readCrypto

The day trading period is an opportunity

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT chart)
The key is whether it can rise above the HA-Low indicator on the 1D chart and above 26.1K.

If not, there is a possibility of renewing the previous latest low range.

As of now, the previous low range is 24800.0-25166.0.


I believe that the current coin market has moved from the profit realization period to the day trading period.

If the time to realize profit is the time to just sell, the time to do day trading corresponds to the time to sell for washing dishes.


In these times, great volatility will occur in the near future.

I don't think this large volatility necessarily translates into a downside.

Therefore, I hope you will think of it as meaning that you will break away from the sideways in the box section that is currently showing.


It is highly likely that volatility will occur to the extent that individual investors may not be able to trade consciously, so it is best to stop trading and take a wait-and-see approach whenever possible during these sensitive times.

However, since it is believed that we have entered a period of day trading, there is a possibility that altcoins will undergo circular pumping.

Therefore, if you are familiar with day trading and short-term trading, this will be an opportunity to earn a lot of profit.

If you are not familiar with day trading, it is best to trade as if you are practicing day trading or short-term trading with the idea of making the first purchase of altcoins for mid- to long-term investment.

If the purchase is equal to the proportion of the first purchase of altcoins, you can wait until BTC rises to the 32K-43K range.

Then, when BTC rises more than 32K, you can sell the amount of the purchase amount and leave the number of coins (tokens) corresponding to the profit, or start a secondary purchase.

If BTC rises above 32K, most altcoins are likely to gradually move sideways or begin to decline since funds in the coin market are concentrated towards BTC.

When making a secondary purchase like this, if it rises above 43K or shows support near the HA-High indicator of the 1M chart, you can proceed with a full-scale purchase.

The target point for this full-scale buying is next year's BTC Halving.


During day trading, BTC's movement is bound to slow down.

Therefore, it may not be a good idea to wait for the end of the day trading period and significant volatility to trade only BTC.

The reason is that your psychological state may become unstable.

The important thing in investing and trading is to stabilize your psychological state.

If your psychological state continues to be unstable, transactions may continue to take place in the wrong direction.

Therefore, whether you are trading at a loss or making a profit, you must make a transaction that can stabilize your psychological state.

You may ask, “How can you stabilize your psychological state when you are losing money?” However, since the current market atmosphere corresponds to the day trading period, it is possible to train your trading taste(?) and hand feel(?). It is possible because it is the right time.


It is also a good idea to make profits by trading only in mid- to long-term transactions.

Instead, you should not pay attention to the investment markets until significant volatility occurs.

The reason is to avoid creating psychological problems.


The standard for high volatility is defined as when BTC fluctuates by about 10% per day.

Therefore, I think it is better not to pay attention before then.


So, when can we know that the day trading period has ended?

When BTC experienced significant volatility???

Yes, this is correct, but

(BTC.D chart)
We believe this is when BTC dominance showed a significant rise and rose to around 60.

It can rise up to around 68, and if it rises higher than that, the coin market is expected to enter a recession.

However, I don't expect that to happen due to the big event next year.

Therefore, when BTC dominance rises to around 53, it is recommended to reduce day trading to prepare for greater volatility that will occur in the future.


If BTC falls due to large volatility,
Considering the current point in time
1st: 24800.0-25166.0
2nd: 20050.02-22826.15
3rd: 16738.21-17880.71
It is important to receive support in the 1st to 3rd areas above.

However, since there is a high possibility that it will receive support and rise near the 1st and 2nd sections, it is a good idea to think about a plan to respond to this.

This is because, as always, the movement does not come close to what we expected.

The basis for this is that the coin market does not lose as much money as expected.

(USDT chart)

So, you need to prepare for a decline, but you also need a trading strategy that allows you to buy when it falls.

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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.

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

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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評論:
The time to actually apply the trading method and trading strategy you had in mind is during the day trading period and the subsequent period of high volatility.

After a period of great volatility, it is not a time to practice trading because a full-fledged uptrend begins.


Since there is a possibility of bottoming during day trading and periods of high volatility, you can get sufficient trading practice as long as you properly control the proportion of your investment.

If you practice trading with altcoins that you are considering as a mid- to long-term investment, you will not have much of a burden even if you record a loss after purchasing them.

Since it is a mid- to long-term investment anyway and I traded with an amount equivalent to the first purchase, I think I can practice trading sufficiently.


It is not necessary to practice day trading or short-term trading, but in any case, a certain level of day trading skills is needed to trade at the buying and selling times necessary for mid- to long-term investment, so the opportunity is there. I think it's a good idea to practice while you have it.
評論:
(USDT 1D chart)
Who trades USDT?
I believe that a large USDT candle means that the movement of funds due to the current transaction is very active.

When USDT rises through the gap, it is a sign that new funds have flowed into the coin market.

Therefore, a large candle size means that the volatility of the coin market is amplifying, so caution is required.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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