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(ETHUSDT 1M Chart)
First target point: near point 4688.21
Second target point: near point 5833.35
(1W chart) - mid- to long-term perspective
Above the 1049.0 point: expected to continue uptrend
Over the section 1634.52-1825.37: Expected to create a new wave.
It can be seen that the green width of OBV in the trading volume indicator has sharply decreased from around July 5th.
Right now, the red width is starting to show.
(The red width of OBV indicates a sell-off.)
This move seems to be waiting for a price rise rather than a trade in the expectation that the price of ETH will lead to a bigger rise as it renews ATH.
Looking at the wRSI_SR indicator, the RS line is rising above 80 points.
You need to make sure the RS line stays above the 80 point until the SR line rises above the 80 point.
(I think the above 80 point should be interpreted as a continuation of an uptrend rather than an overbought section.)
Looking at the CCI-RC indicator, both the CCI line and the EMA line are maintaining above the +100 point.
This signifies the continuation and acceleration of an uptrend.
If the CCI line moves above the EMA line, it is likely that the uptrend will accelerate.
Therefore, it is necessary to ensure that the CCI line remains above the EMA line.
(1D chart)
First resistance section: near point 4688.21
Second resistance section: 5260.78-5451.63
First support section: 3924.79-4115.64
Second support section: near the 3543.08 point
ATH was renewed by breaking above the 4372.72 point.
It is important not to fall below the uptrend line (1).
In particular, it should hold the price above the 4220.37 point.
(I think the 4220.37 point is an important point to renew this ATH and continue the uptrend.)
A short-term Stop Loss is needed if the first support is falling.
However, careful trading is required as it can touch near the second support section and rise.
If it falls in the section 2970.51-3161.36, Stop Loss is required to preserve profit and loss.
The next volatility period is around November 7th.
The coin market continues its upward trend as the price of ETH rises during a downward correction in the price of BTC.
BTC prices are expected to continue rising, falling, and sideways around the 80K level.
We believe this move is due to the movement of funds towards altcoins.
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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(ETHUSDT 1M Chart)
Second target point: near point 5833.35
(1W chart) - mid- to long-term perspective
Over the section 1634.52-1825.37: Expected to create a new wave.
It can be seen that the green width of OBV in the trading volume indicator has sharply decreased from around July 5th.
Right now, the red width is starting to show.
(The red width of OBV indicates a sell-off.)
This move seems to be waiting for a price rise rather than a trade in the expectation that the price of ETH will lead to a bigger rise as it renews ATH.
Looking at the wRSI_SR indicator, the RS line is rising above 80 points.
You need to make sure the RS line stays above the 80 point until the SR line rises above the 80 point.
(I think the above 80 point should be interpreted as a continuation of an uptrend rather than an overbought section.)
Looking at the CCI-RC indicator, both the CCI line and the EMA line are maintaining above the +100 point.
This signifies the continuation and acceleration of an uptrend.
If the CCI line moves above the EMA line, it is likely that the uptrend will accelerate.
Therefore, it is necessary to ensure that the CCI line remains above the EMA line.
(1D chart)
First resistance section: near point 4688.21
Second resistance section: 5260.78-5451.63
First support section: 3924.79-4115.64
Second support section: near the 3543.08 point
ATH was renewed by breaking above the 4372.72 point.
It is important not to fall below the uptrend line (1).
In particular, it should hold the price above the 4220.37 point.
(I think the 4220.37 point is an important point to renew this ATH and continue the uptrend.)
A short-term Stop Loss is needed if the first support is falling.
However, careful trading is required as it can touch near the second support section and rise.
If it falls in the section 2970.51-3161.36, Stop Loss is required to preserve profit and loss.
The next volatility period is around November 7th.
The coin market continues its upward trend as the price of ETH rises during a downward correction in the price of BTC.
BTC prices are expected to continue rising, falling, and sideways around the 80K level.
We believe this move is due to the movement of funds towards altcoins.
-------------------------------------------
(XBTUSD 1M Chart) - Big Trend
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Comment:
(BTC 1W Chart)
It is located in an important section.
It's important to see where this week's close points are being created.
It's important to see where this week's close points are being created.
[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/
When a new price hits, investors become extremely excited, which in turn creates a strong desire to realize profits.
If the buying trend is maintained due to the investors who buy using this psychological state in reverse, I think that the uptrend will continue in the near future.
I think the current position is in such a state.
If the forces supporting the price do not hold up and the BTC price falls to the 54987.2-56942.5 section, I think there is a high possibility of further declines.
However, if there is a sharp movement or an increase in trading volume as it approaches the 54987.2-56942.5 section, it may quickly lead to an upward trend.
These movements are in fact difficult to distinguish.
Therefore, I think the only way is to sell some parts before that, or not trade at all.
In order to make a partial sell-off, it is recommended to proceed when it rises to the 54987.2-56942.5 section and then falls.
This method should always be carried out according to your average purchase price.
If you ignore your average purchase price and proceed according to the market flow, you may incur large losses.
This is because there is a high possibility that additional purchases will be made to make up for such a large loss or that the loss will be preserved due to a quick stop loss.