readCrypto

When you need determination to execute your own trading strategy

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.

(USDT 1D chart)
We need to focus on the fact that USDT will continue to rise.

If this is not the case and the gap falls, the liquidity of the coin market will decrease and there is a possibility that it will eventually enter a stagnation period.

Therefore, regardless of the rise or fall of the coin market, it is expected that a large bull market will be created next year only if it continues to rise.


(USDC 1D chart)
As you can see by looking at the USDC chart, you can see that a lot of money has left the coin market.

In this trend, I don't think the article about what was done with funds through USDC is meaningless.

I think most of the information going around in the investment market is information that you don't need to know.

Knowing these information makes you fall into the illusion that you can earn money in the investment market.

If profits can be obtained through easier investment and trading, there will be no people who want to listen to and report the level that economists study.

Also, I study to memorize the names of various patterns or indicators for investment products or charts that are not necessary for trading.

You may think that this series of studies will increase your knowledge about investing, but it is not.


Trading is real.

All you need for this practice is a buy point, a sell point, and an S/L point.

I'm studying a lot to find this, but I can't start trading.

It's because you failed to keep your psychological state stable.

Even though you have studied a lot to keep your psychological state stable, rather, as time passes, your psychological state becomes more unstable.

This is because trading strategies, from scalping to long-term investing, are jumbled up by studying too much to be able to predict movements far into the future.


Scalping, a trading strategy that approaches same-day trading and converts it to mid- to long-term trading, or trading that approaches mid- to long-term trading and converts it to scalping and same-day trading due to sudden fluctuations in prices fall under the above description.

This change in trading strategy is an act that shakes the foundation of the trading itself, and if you continue such trading, you will eventually become disillusioned with trading and create an opportunity to leave the investment market.


In order to eradicate such behavior, you must decide the investment period of this coin (token), that is, the nature of the investment, before starting the transaction for the first time and then conduct the transaction.

Therefore, it is necessary to set a period such as scalping, same-day trading, short-term trading, mid- to long-term trading, and long-term trading and create a trading strategy suitable for it.

And, do not change the investment period just because the price has fluctuated, and you should make an effort to push your trading strategy to the end.

These efforts will eventually be rewarded with an eye for the market and the ability to control the psychological state that comes with price fluctuations.


As mentioned above, all you need to trade is a buy, sell, and S/L point.

No more, no less.

I said earlier that you think knowing more can help you create better trading strategies, but it only confuses your own state of mind.


(BTC.D 1D chart)
Resistance is found around 44.46.

It is possible that this resistance is making the coin market, i.e. BTC, lose its direction.

Therefore, when it breaks above this 44.46 area and starts to rise, the coin market is expected to find its direction.



(USDT.D 1D chart)
It is moving sideways in the 6.21-6.85 section.

Therefore, it is ambiguous which direction the trend will form.

In this case, it is recommended to use a trading strategy that is suitable for trading in a very short period of time or for a very long period of time.

Therefore, you can either focus on earning profits by trading short-term or proceed with the purchase of coins (tokens) for long-term trading.


Conflicting opinions about whether it will rise or fall in a situation where there is no direction is an act that only makes one's own psychological state unstable, so it is not helpful in predicting future trends at all.

Therefore, when the USDT dominance falls below 6.21 or rises above 6.85, you can predict the trend and check the corresponding support and resistance points to determine whether trading is possible.


We work hard to buy at a lower price.

This is also true for me.

However, you should think carefully about whether you started buying when the stock fell to the point you thought it would.

It is important to decide the investment period in investment and trading, but if your determination does not follow, it will never be nothing.

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1. Buy when the price is maintaining above the MS-Signal indicator and when there is a falling candlestick on the 1D chart

2. When the price is maintaining below the MS-Signal indicator, buy when there is a rising candlestick on the 1D chart

This is the most basic way to start trading.


But, you always ask me.

BTC is falling, can I buy it?


I think it is a phenomenon that depends on others because there is no determination as mentioned above.

Whether you see a loss or a profit, whether or not you can act when a move that suits your trading method comes out will determine whether you can continue to remain in the investment market in the future.

We can't tell you everything from one to ten.

The reason is that the trading strategy I think is different from the trading strategy you think, and the investment style itself is different.

Therefore, if you read these things I'm talking about and it fits your investment style, you can accept what you can accept and ignore what doesn't.

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(BTCUSDTPERP 1D chart)
I continue to say that there will be shakers to reverse the mid- and long-term trends.

It means that the focus is not on whether these movements will rise or fall, but on how much to move sideways with.


So, if you ask me, do you think BTC will go up or down right now, you'll get the wrong answer.

In this way, everyone and each person has a different eye to see the market.

I want you to know that refusing to admit this and saying that you are right and you are wrong is rather an act that makes your psychological state unstable.


Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.

2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.



(1h chart)
The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above.

In this story, whether BTC goes up or down is not the focus.

Therefore, you should not view and interpret this content with a mid- to long-term perspective.

This is because the key to trading in such a short period is to earn profits by trading according to movement in the box or sideways range or when it breaks out of it.


If you are above the M-Signal on the 1D chart, your main position is a 'LONG' position.

Full-fledged position entry will be announced when you touch the M-Signal on the 1D chart.


Please refer to the previous idea description for details, as we are not departing from what has been said before.

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(BTCKRW 1D chart)
The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart.

If not, you should check for support around 29639000.

In particular, we need to see if the HA-High indicator on the 1W chart can be created by falling.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

This is the 81K-95K range that 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.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Comment:
(BTCUSDT chart)
The HA-High indicator on the 1D chart is showing an uptrend.

Therefore, it is necessary to check whether it is supported or resisted in the HA-High indicator that is going to rise and be created.

Accordingly, branch 24324.05 is expected to play an important role.


The volatility period on the BTCUSDT chart has begun.

[Example of exchange chart setup]

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

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