No matter what you do, the basic chart is the 1D chart
2024-10-18


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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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