Must reserve order at Stop Loss point when trading
2024-11-08


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(USDT.D 1M chart)

I think the conditions for an uptrend have been met as USDT dominance has fallen below 4.97.

(BTC.D 1M chart)

However, it seems that it still takes time for the altcoin uptrend to start.

Well, many altcoins are rising now, but there are only a few altcoins that are showing a full-fledged uptrend, so they have recorded a lot of declines.

I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and maintain or show a downward trend.

If not, altcoins may gradually move sideways or show a strange bull market where only BTC rises, so caution is required.

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(BTCUSDT 1D chart)

When the ATH is renewed, the target point is
1st: 1.618 (76787.43)
2nd: 1.618 (89050.0)
I think it is around the 1st and 2nd points above.

If the price rises above 1.618 (76787.43) and maintains, there are several points that need to be passed to rise to the 1.618 (89050.0) point.

Therefore, when there is a jolt in that area, you should focus on finding the right time to trade by considering whether you can make a split trade or a new entry, and referring to the method explained below.

The point where the current upward trend is likely to turn into a downward trend is the 72344.74 point.

If the BW(100) line is created this time, I will report the price at that time and tell you again.

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Since the ATH has been renewed, it can be seen that it has become more difficult to trade newly.

Well, you can think that a market has been formed where you can make a profit by buying and waiting, but it is also a market where it is not strange for it to fall at any time.

When trading in this market, you must set a stop loss point.

Otherwise, you may end up in a situation where everyone is making a profit but you are the only one suffering a loss.

Therefore, let's take some time to talk about how to start trading and how to set a stop loss point.

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Since the current ATH is being updated, the support and resistance points drawn on the 1M, 1W, and 1D charts are almost unnecessary.

For most altcoins, you can select a trading point and respond by referring to the support and resistance points drawn on the 1M, 1W, and 1D charts.

(1h chart)

Therefore, to start trading, you can start trading on the time frame chart below the 1D chart, that is, the chart that you mainly look at and trade.

Even so, as I always say, the basic chart for trading is the 1D chart, so you must check the trend or support and resistance points on the 1D chart before starting trading.

The most important things to look at when starting trading are the 5EMA on the 1D chart and the M-Signal indicator on the 1M, 1W, and 1D charts.

This is because there is a high possibility of volatility depending on whether these indicators are touched and the support and resistance points around them are supported.

At the current price position, the support and resistance points drawn on the 1D chart are 75571.99 points.

Therefore, you should prepare to trade based on whether there is support or not based on the 75571.99 point.

Since it is in an upward trend on the 1D chart, it is better to focus on finding the time to buy (LONG).

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Accordingly, if you have confirmed that it is supported near 75571.99 and are thinking of buying, you should think about where to set the first stop loss point.

You can select the first and second points among the various support and resistance points drawn on the chart as the first stop loss point.

If you do that, you can see that the profit and loss ratio is not right.

Since the loss is this large, it is important to adjust the investment ratio when starting a trade.

That is why you should be more careful when finding the time to buy.

In other words, it should be considered that it is a more advantageous time to conduct a breakout trade.

(For altcoins that do not update the ATH, it is recommended to conduct a transaction depending on whether there is support.)

Therefore, it means that it is better to proceed with a purchase when the 75571.99 point is broken upward from the bottom and receives support and rises.

If the purchase is successful in that way, when the price rises and touches the 3rd point, change the stop loss point by changing the stop loss point to the 1st point or the 75571.99 point and proceed with the transaction.

If you do this, there may be cases where you are sold due to sudden volatility, but it is still recommended to conduct the transaction while setting the stop loss point.

This is because in the past, in 1919 and 2021, when both cases turned downward, you should not fall into a situation where you cannot do anything because you bought it as it was.

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If the support and resistance points drawn on the 1M, 1W, and 1D charts are located at a point where there are no support or resistance points at all, you should trade by looking at the movements of the indicators on the time frame chart you are currently viewing (in this case, the 1h chart).

To do this, you should check the positions of the 5EMA on the 1D chart and the M-Signal indicators on the 1M, 1W, and 1D charts that I mentioned earlier.

Since there are no 5EMA on the 1D chart and M-Signal indicators on the 1M, 1W, and 1D charts at the current price position, the next indicators to look at are the BW(100), HA-HIgh indicator and the BW(0), HA-Low indicator.

Since the BW(100) and HA-High indicators were created, it means that a high point section has been formed, so you should think that there is a high possibility of a decline.

Therefore, you should buy when it falls and then breaks through the BW(100), HA-High indicators upward to show support.

Therefore, in order to conduct a SHORT transaction, you can start trading depending on whether the BW(100) and HA-High indicators are generated and whether there is support.

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The fact that the BW(0) and HA-Low indicators are generated means that a low point range has been formed.

Therefore, when the BW(0) and HA-Low indicators are generated, you should quickly decide whether you can start trading, thinking that there is a high possibility of an increase.

At this time, it is good to check the movement of the StochRSI indicator as reference material.

Although it sometimes moves in the opposite direction of the price movement, if it shows a pattern of escaping from the overbought or oversold range, it can be used as a good reference material.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale upward trend will begin when it rises above 29K.

The range 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 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.

#BTCUSD 1M

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

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