readCrypto

(Part 2) About when to buy...

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(DXY chart)
DXY rose above 106.416.

Accordingly, I think the possibility that the investment market will enter a recession has increased.


(USDT chart)

(USDC chart)

I think that USDC must show an upward trend in order for the coin market to follow the trend of the investment market.

If not, it is likely that you will see a different trend from the investment market.

The reason is that the coin market is still far from the real world.


However, the USDC chart shows strange volatility.

Accordingly, we will have to wait and see what changes will occur in the coin market in the future.


Unless the USDT chart shows a downward trend, creating a gap, the coin market is likely to maintain its current level.

However, caution is required as the profit realization period and day trading period have not yet ended and the fluctuations in funds are large.

(BTC.D chart)

(USDT chart)

If USDT dominance rises above 8.16 and remains, there is a possibility of renewing the new high (ATH).

Accordingly, if an uptick begins, it is likely to transition into a period of great volatility.

However, at this time, there is a possibility that the day trading period will be extended depending on the movement of BTC dominance, but since it is the most dangerous period, special caution is required when trading.


(BTCUSDT chart)

BTC's period of volatility is expected to be around October 1st.

Accordingly, we need to check if there is a change in trend around October 1st.


(1W chart)
In order for the day trading period to end and a period of great volatility to begin, it is expected that it will have to fall below 21258.0-23174.39 or rise above 29241.72-30767.38.

If that doesn't happen, I don't think we can say we have transitioned into a period of great volatility.

If the transition to a period of great volatility is delayed, there is a high possibility that a market will be formed that will be difficult to respond to.

Therefore, I believe that how well you make the first purchase of mid- to long-term investment coins (tokens) can make a difference in profits.


Periods of great volatility can start on the ups or downs.

I can't see which is better because no matter which direction you start, you'll end up in a big mess.

Since it is highly likely that direction will be visible only when the period of great volatility subsides, whether the current primary purchase is made is likely to emerge as an important issue.


In total, I think there are 3 opportunities to buy, including BTC.

Currently, when BTC is below 29K, the first buying time is.


The second purchase occurs when a period of great volatility begins and a pull back pattern appears.

This secondary buying actually corresponds to a time when it is almost difficult to buy.

However, there is a possibility that some purchases may be made when the bottom of a pull back pattern is formed and the price rises.

This is expected to be possible for those who can do day trading.


(1M charts)
The third purchase corresponds to the full-scale buying period.

This is when it touches the HA-High indicator on the 1M chart and shows support.
(As prices rise, the HA-High indicator may move and create).

Because the HA-High indicator is an indicator formed near the high point, there is a possibility of large fluctuations.

Therefore, at this time, there is a high possibility that you will not be able to purchase properly and will purchase according to the price, so the average purchase price is likely to be high.


Among the above buying periods, the most stable buying period is the first buying period.

I believe that whether the purchase was made during the first purchase period will continue to be discussed as the transaction progresses.

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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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Comment:
(1D chart)
I would like to tell you how the new content can help you create a trading strategy.

1. The most important thing is whether the price is maintained above or below the MS-Signal indicator.

2. The next important thing is whether the MS-Signal indicator is bullish or bearish.

3. Whether the price is maintained above the HA-Low indicator or HA-High indicator, or below the HA-Low indicator.

4. Is it located within the box section consisting of the HA-Low indicator or HA-High indicator, or is it located outside the box section?


Let’s use the current BTC chart as an example.

1. It is located above the MS-Signal indicator.
2. The MS-Signal indicator is on the rise.
3. The price is maintained above the HA-Low indicator.
4. It is located in the box section of the HA-Low indicator.

Accordingly, we can see that sideways movements are underway to continue the upward trend.


The currently formed box range is 25131.48-28142.85.

Therefore, we can see that it must rise above 28142.85 for the uptrend to begin.

If it falls below the HA-Low indicator and shows resistance, if it falls below 25131.48, a stop loss is necessary because there is a high possibility that the downtrend will continue.


The above is a large framework for creating a trading strategy using the newly applied box section.

You can apply the details here to create a trading strategy that suits you.


In order to create a detailed trading strategy, in addition to the above, you only need to decide how to split trades at support and resistance points.


Support and resistance points are formed at 28797.1.

Accordingly, you can choose whether to make a split transaction at point 28797.1.

Above this, the box section of the HA-High indicator is formed.

Therefore, you can check if there is resistance in the 29850.45-31804.20 range and proceed with split trading according to the situation.


It touched the HA-High indicator, went down and touched the HA-Low indicator.

Therefore, it should be interpreted that the current trend reversal zone is located.

Therefore, when the price falls below the HA-Low indicator and shows resistance, split selling, that is, a stop loss, is necessary.

(The proportion of split sales or stop losses can be determined based on your investment style.)

In order to get out of the trend reversal zone, the price must rise again above the HA-High indicator and maintain the price.

Therefore, the price must be maintained by rising above the current HA-High indicator or rising above the newly created HA-High indicator.

Therefore, it can be said that the current section is quite burdensome to purchase from a mid- to long-term perspective.


Anything below BTC 29K falls into the buy range from a mid- to long-term investment perspective.

Even so, purchasing in the current position, which is in an area with ambiguous direction, is likely to increase the psychological burden.

Therefore, currently in the trend transition zone, it is recommended to increase the number of coins (tokens) corresponding to profits through day trading or short-term trading.


If your psychological state somehow makes you feel anxious or excited while making a purchase, there is a high possibility that the transaction will proceed in the wrong direction, so you must make a transaction that can stabilize your psychological state.

[Example of exchange chart setup]

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

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

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