Will a new trend begin with the start of a new month?
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(BTCUSDT chart)
(1M chart)
From a long-term perspective, it is expected that the price will continue to rise only if it rises above 28923.63 and maintains the price.
Before that, we still expect the second wave of the rising wave to proceed.
However, if the price maintains or moves sideways around the MS-Signal indicator, it is expected that there will be an attempt to rise above 28923.63.
The 2nd wave is thought to proceed to around 23141.57.
When the 3rd wave begins or peaks, we expect to touch the HA-High indicator.
Therefore, changes in HA-High indicators should be checked.
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(1W chart)
It is located within the primary rising channel.
In this uptrend channel, the move is expected to be reflected depending on whether it is supported or resisted around 26574.53, which is an important support and resistance zone.
The StochRSI indicator is located in the oversold zone.
Therefore, we believe that a change in trend is likely to be confirmed when the StochRSI indicator breaks out of the oversold zone.
Since the HA-High indicator is located near 27590.60, it must rise above 27590.60 to continue the upward trend from a mid- to long-term perspective.
If not, I think it is likely to touch the HA-Low indicator paired with the HA-High indicator.
Currently, the HA-Low indicator is located at the 17880.71 point, but as the price declines, the HA-Low indicator is expected to rise and be created, so we need to see if it finds support at the newly created point.
The 1W chart shows that the 4th wave of the rising wave is underway.
We need to see where this 4th wave ends.
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(1D chart)
As I posted as an update to my previous idea, I need to see if the price holds above 26574.53 during the volatility period around June 1st (May 31-6th 2 days).
If the price holds above 26574.53, you should check if it rises above 27496.02.
The 27496.02 point is the HA-High indicator point on the 1W chart, so I think it is an important point to gain strength to continue the upward trend.
If the price stays above the HA-High indicator, it is expected to lead to a move to renew the recent highs.
Accordingly, it is likely to lead to a move above 30184.24.
Currently, point 30184.24 is the point of the HA-High indicator on the 1D chart.
Therefore, in the short term, when it rises above the HA-High indicator, a sharp rise is expected.
If it rises above 27496.02 but fails to rise above 30184.24, a sharp drop may occur and you need to think about countermeasures.
Summarizing the explanations of the 1M, 1W, and 1D charts,
1. From a long-term perspective, the second wave of the uptrend is underway.
2. From a mid- to long-term perspective, the 4th wave is in progress.
3. From a short-term perspective, it is showing signs of turning to an uptrend.
(Price needs to stay above 27079.41-27496.02 to turn into an uptrend.
The reason is that the HA-Low indicator and MS-Signal indicator on the 1D chart are passing around 27079.41.
However, since the important support and resistance points on the 1D chart precede the important support and resistance points on the 1W and 1M charts, the 27496.02 point is more important than the support and resistance points on the 1D chart.)
You can organize it as above, and you need to think about how to make a trading strategy with this.
No one can tell you the trading strategy because you have to decide according to your own investment style.
This is because it has a profound effect on your psychological state.
To say one thing, 28923.63, that is, below 29K, is the time to buy from a mid- to long-term perspective.
However, since it recently rose above 29K and then fell below 29K, it is recommended to check the trend reversal.
If not, it may be difficult for you to continue trading for a long time, as you will carry a considerable psychological burden on yourself and proceed with the purchase.
Important indicators are passing in the 26013.28-27496.02 section.
Therefore, it is important to be supported in this section.
Therefore, it is a section that can be purchased from a mid- to long-term perspective.
However, as mentioned above, it is an aggressive buying section because you need to check the trend reversal.
Aggressive buying refers to the amount of weight that will not be significantly affected psychologically even if you buy and then plunge.
The first sell zone of this aggressive buy is around 30184.24.
If it rises above 30184.24, there is a possibility of a sharp rise, but if not, it is a section with a high possibility of a sharp decline.
So, if we see support around 30184.24, we know that further buying is possible.
If it shows resistance at 26013.28, as explained on the 1M chart, it could fall to around 23K, so you should think about a buying strategy for this.
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(BTCKRW chart)
It is necessary to check whether there is movement outside the 35539000-37821000 range.
Accordingly, the question is whether it can rise along the uptrend line (1).
If it doesn't and falls below 35539000, I would expect a decline around 32042000.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1M chart)
Before that, we still expect the second wave of the rising wave to proceed.
However, if the price maintains or moves sideways around the MS-Signal indicator, it is expected that there will be an attempt to rise above 28923.63.
The 2nd wave is thought to proceed to around 23141.57.
When the 3rd wave begins or peaks, we expect to touch the HA-High indicator.
Therefore, changes in HA-High indicators should be checked.
-------------------------------------------------- ---
(1W chart)
In this uptrend channel, the move is expected to be reflected depending on whether it is supported or resisted around 26574.53, which is an important support and resistance zone.
The StochRSI indicator is located in the oversold zone.
Therefore, we believe that a change in trend is likely to be confirmed when the StochRSI indicator breaks out of the oversold zone.
Since the HA-High indicator is located near 27590.60, it must rise above 27590.60 to continue the upward trend from a mid- to long-term perspective.
If not, I think it is likely to touch the HA-Low indicator paired with the HA-High indicator.
Currently, the HA-Low indicator is located at the 17880.71 point, but as the price declines, the HA-Low indicator is expected to rise and be created, so we need to see if it finds support at the newly created point.
The 1W chart shows that the 4th wave of the rising wave is underway.
We need to see where this 4th wave ends.
--------------------------------------------------
(1D chart)
If the price holds above 26574.53, you should check if it rises above 27496.02.
The 27496.02 point is the HA-High indicator point on the 1W chart, so I think it is an important point to gain strength to continue the upward trend.
If the price stays above the HA-High indicator, it is expected to lead to a move to renew the recent highs.
Accordingly, it is likely to lead to a move above 30184.24.
Currently, point 30184.24 is the point of the HA-High indicator on the 1D chart.
Therefore, in the short term, when it rises above the HA-High indicator, a sharp rise is expected.
If it rises above 27496.02 but fails to rise above 30184.24, a sharp drop may occur and you need to think about countermeasures.
Summarizing the explanations of the 1M, 1W, and 1D charts,
1. From a long-term perspective, the second wave of the uptrend is underway.
2. From a mid- to long-term perspective, the 4th wave is in progress.
3. From a short-term perspective, it is showing signs of turning to an uptrend.
(Price needs to stay above 27079.41-27496.02 to turn into an uptrend.
The reason is that the HA-Low indicator and MS-Signal indicator on the 1D chart are passing around 27079.41.
However, since the important support and resistance points on the 1D chart precede the important support and resistance points on the 1W and 1M charts, the 27496.02 point is more important than the support and resistance points on the 1D chart.)
You can organize it as above, and you need to think about how to make a trading strategy with this.
No one can tell you the trading strategy because you have to decide according to your own investment style.
This is because it has a profound effect on your psychological state.
To say one thing, 28923.63, that is, below 29K, is the time to buy from a mid- to long-term perspective.
However, since it recently rose above 29K and then fell below 29K, it is recommended to check the trend reversal.
If not, it may be difficult for you to continue trading for a long time, as you will carry a considerable psychological burden on yourself and proceed with the purchase.
Important indicators are passing in the 26013.28-27496.02 section.
Therefore, it is important to be supported in this section.
Therefore, it is a section that can be purchased from a mid- to long-term perspective.
However, as mentioned above, it is an aggressive buying section because you need to check the trend reversal.
Aggressive buying refers to the amount of weight that will not be significantly affected psychologically even if you buy and then plunge.
The first sell zone of this aggressive buy is around 30184.24.
If it rises above 30184.24, there is a possibility of a sharp rise, but if not, it is a section with a high possibility of a sharp decline.
So, if we see support around 30184.24, we know that further buying is possible.
If it shows resistance at 26013.28, as explained on the 1M chart, it could fall to around 23K, so you should think about a buying strategy for this.
------------------------------------------
(BTCKRW chart)
Accordingly, the question is whether it can rise along the uptrend line (1).
If it doesn't and falls below 35539000, I would expect a decline around 32042000.
------------------------------
- big picture
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
