Everything is going sideways

7 mai 2023

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(BTCUSDT chart)


(1M chart)

It is necessary to check whether it will be supported in the vicinity of the volume profile section 28465.36-28923.63.

Also, you need to hold the price above the MS-Signal indicator to see if the MS-Signal indicator turns into an uptrend sign, because if these conditions are met, an uptrend is expected.


With such an uptrend, we expect the Stoch indicator to be out of the oversold zone.

Since the StochRSI indicator is located in the overbought zone, we can see that the upside is high.

Therefore, we expect the StochRSI indicator to maintain its uptrend until it breaks out of the overbought zone.

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(1W chart)

The question is whether it can rise above the 1st uptrend channel and maintain its uptrend along the 2nd uptrend channel.

So, if the price holds above 26574.53-27590.60, we expect it to rise above 32259.90.


Since the HA-High indicator formed around 27590.60, finding support around 26574.53-27590.60 is significant.

This important implication is that the possibility of breaking the recent high is increasing.


The StochRSI indicator always makes waves.

It is not easy to predict the direction as the current StochRSI indicator has entered the 30-70 section, that is, the sideways section.

However, since the StochRSI indicator is showing a downtrend, we know that the downtrend is likely to continue.

Therefore, if it shows support around 26574.53-27590.60 mentioned above, it is expected that the direction of the StochRSI indicator will change.


Interpretation of the indicator can be useful when checking whether it is supported or resisted at an important point or section on the price chart.

Therefore, as in the interpretation of the StochRSI indicator, it was expected to lead to a large decline as it moved out of the overbought zone, but as it touches around 26574.53-27590.60 and shows an upward trend, it can be seen that the downtrend is weakening.

Therefore, rather than interpreting the indicators mainly, important support and resistance points on the price chart should be used to confirm movement in the interval.

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(1D chart)

The key is whether you can climb with support in the 28465.36-28923.63 section.

This is because it is important that the 28465.36-28923.63 section is supported as a volume profile section.


if it goes down,
1st: 27496.02-27985.15
2nd: 26574.53
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.

The reason is because it is an important support and resistance section in the mid- to long-term.

If supported in this section, there is a possibility that buying will increase as buying is possible in the mid- to long-term.


All indicators (StochRSI, Stoch, RSI, CCI) are positioned in the sideways section.

Therefore, rather than buying in the current range, it is better to wait for a decline around 27496.02-27985.15 or 26574.53 or for a rise above 30184.24 to show support.

This is because there is no need to worry about buying in advance.

Buying in advance because of the price that is not much different and continuing trading while feeling psychological anxiety should be oriented because it can make you unable to hold on when a big movement comes out.

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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.

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9 mai 2023

Note

(BTCUSDT chart)

After this period of volatility, based on the current wave, the next period of volatility is around June 12th.

So, in this volatility period, whether or not it can maintain its uptrend along the uptrend line (1) is what matters in the end, so it rises.

If that doesn't happen and it falls, you need to think about how to respond to it as it is likely to rise along the uptrend line drawn below.


As mentioned in the USDT chart and the BTCUSDT.P chart, if it declines this time, it is expected that the second wave will proceed from a mid- to long-term perspective.

When this 2nd wave ends, it is expected to lead to the 3rd wave, so we need to focus on identifying where the turning point is.


Point 27496.02 is the point created by the HA-High indicator on the 1W chart.

Therefore, depending on whether there is support or resistance around this point, it is expected to show mid- to long-term price volatility.

The indicator paired with the HA-High indicator is the HA-Low indicator.

Therefore, if it falls from the HA-High indicator, you should basically think that it will fall to the vicinity of the HA-Low indicator.

Therefore, since the current HA-Low indicator on the 1W chart is located at the 21853.06 point, you should think that it will fall around the 21853.06 point.

However, as the price declines, there is a possibility that the HA-Low indicator will rise and be newly created, so if it shows a new creation, you need to make sure that it is supported at that point.


If support is found near 27496.02, it would be more likely to renew the recent highs, so I would expect a move towards 32259.90.

If it rises like this, the first wave is in progress from a mid- to long-term perspective, so you should feel the burden of the second wave.

10 mai 2023

Note

(BTCUSDT chart)

It was shown touching the M-Signal indicator of the 1M chart and the MS-Signal indicator of the 1M chart.

In the 1D chart, it is worth paying attention to whether the M-Signal indicator of the 1M chart and the M-Signal indicator of the 1W chart will intersect to make a regular arrangement.

The reason is that it is highly likely to turn to an uptrend in the mid- to long-term perspective.

Therefore, it is necessary to check whether there is a sudden movement around the M-Signal indicator of the 1M and 1W charts.

This is because if there is no such movement and it falls below the M-Signal indicator on the 1M and 1W charts, it is highly likely to lead to a sharp decline.

Therefore, the question is whether it can find support around 26907.0-27486.4 and rise above 28454.9-28951.7 during this volatility period.

11 mai 2023

Note

(BTCUSDT chart)

It is showing a decline below the uptrend line (1).

Therefore, you need to touch the area around the M-Signal indicator on the 1W, 1M chart and see if it can rise above 27496.02.

If not, I would expect a decline around 23141.57-24113.48.


When showing these movements, you should check the movement of the StochRSI indicator displayed on each chart.

Currently, the StochRSI indicator on each chart is not showing signs of changing direction.

The StochRSI indicator on the 1D chart is falling in the oversold zone,

The StochRSI indicator on the 1W chart is located just before entering the oversold zone.

The StochRSI indicator on the 1M chart is located in the overbought zone.

Therefore, if the StochRSI indicator changes direction, it is expected that the trend will be more likely to show a reversal.

Therefore, it is important to check whether you are supported or resisted at the support and resistance points drawn on each chart (1D, 1W, 1M).


The next period of volatility is around June 12th.