What you need to start a new trade
2024-11-07


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(BTCUSDT 1D chart)

For those who bought below 70148.34, it would be good to set the 72344.74 point as the stop loss point and respond.

If the rise continues,
1st: Left Fibonacci ratio 1.618 (76787.43)
2nd: Left Fibonacci ratio 2 (80999.68)
3rd: Left 2.618 (87814.27) ~ Right 1.618 (89050.0)
You can respond depending on whether there is support in the area above.

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In order to proceed with a new transaction, it is recommended to check the position of the StochRSI indicator when a new candle is created.

This is because you can focus on finding a time to buy when the StochRSI indicator is below 50, but you should focus on finding a time to sell when it is above 50.

Based on the current price increase, it is expected that it will not be easy to proceed with a purchase because the StochRSI indicator is expected to rise above 50.

Accordingly, I think you should conduct the transaction from a short-term trading (day trading) perspective.

The difference between day trading and short-term trading depends on the response method.

In other words, day trading means conducting transactions within a period that does not exceed the day if possible.

If you want to exceed the day, you must secure a certain amount of profit through partial sales, and you must set a reservation sale at the stop loss point.

(1h chart)

To conduct day trading, check the movement of the 1h chart.

(You can use the time frame chart that you usually see and trade.)

Since the BW(100) and HA-High indicators are created, it means that a high point has been formed, so when it is first created, the price is likely to fall from that point.

Therefore, you can conduct a transaction when the price rises after falling and shows support.

If it rises after falling and shows resistance in the BW(100) and HA-High indicators, you should judge that it is likely to fall.

At this time, it is a good idea to check the movement of the StochRSI indicator.

The BW(100) line has been created, and the StochRSI indicator is showing signs of turning from an overbought zone to a decline.

Accordingly, even if the price rises, it can be interpreted that there is a high possibility that it will face resistance near BW(100) and fall.

Although there is a possibility that it will occasionally lead to a sharp rise, I think it is better to interpret it in a direction with a higher probability and respond accordingly.

Therefore, it is currently a time when it is burdensome to proceed with a purchase.

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Since the reporting high (ATH) has been updated, support and resistance points can be displayed on the 1M, 1W, and 1D charts.

Therefore, it is not easy to select a point to use as a reference point when trading.

However, as I have mentioned before, you should select the 5EMA of the 1D chart and the M-Signal indicator of the 1D, 1W, 1M charts and the BW(0), BW(100), HA-Low, HA-High indicators as support and resistance points and decide the trading time based on whether there is support.

As I mentioned earlier, you should respond based on where the StochRSI indicator of the 1D chart is located based on the 50 point, so you should select the position to start trading on the 1h chart accordingly.

Since you start trading only with a buy in spot trading, you should think about it and trade accordingly.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale uptrend will start when it rises 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 (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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