readCrypto

Finding a section to start trading

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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The BW indicator included in the TS - BW indicator is an indicator expressed by synthesizing the MACD, StochRSI, CCI, PVT, and superTrend indicators.

When the BW indicator
- records a high point, it is time to sell, and
- When it records a low point, it is time to buy.

The BW indicator in the price candle section is the same as the BW indicator included in the TS - BW indicator, but it is an indicator that is expressed in the price candle when a horizontal line is formed at the highest or lowest point.

If you look at the position of the BW indicator expressed in the price candle section, you can know when to proceed with a trade.


I think you can be confident about starting a trade by referring to the status of the MS-Signal (M-Signal on 1D, 1W, 1M charts) indicator that can confirm the trend.


If you add the HA-Low, HA-High indicators here, you can create a more detailed trading strategy.


Have a good time.
Thank you.

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- ​​Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.

The section that is expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.

#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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Commentaire:
(BW indicator)
1. MACD indicator evaluation
- MACD line > Signal line : +10
- MACD line = Signal line : 0
- MACD line < Signal line : -10

2. StochRSI indicator evaluation
- (K + D) / 2 line > 50 : +10
- (K + D) / 2 line = 50 : 0
- (K + D) / 2 line < 50 : -10

3. CCI indicator evaluation
- CCI line > Signal line : +10
- CCI line = Signal line : 0
- CCI line < Signal line : -10

4. PVT indicator evaluation
- PVT line > Signal line : +10
- PVT line = Signal line : 0
- PVT line < Signal line : -10

5. SuperTrend indicator evaluation
- When it rises above the sell line: +10
- Between buy line and sell line: 0
- When it falls below the buy line: -10

Source value of all the above indicators: Heikin Ashi candlestick closing price (Close)


To utilize indicators created by others, you need to invest a lot of time to check the movement.

And, you should try to interpret it in the core interpretation method that the person who created the indicator is trying to say.

It is better to ignore additional interpretation methods.

Otherwise, you will likely have difficulty trusting the indicator.
Commentaire:
#DOTUSDT
You can buy depending on whether there is support near the BW indicator.

However, since it has fallen below the buy line of the superTrend indicator, it is recommended to check whether it rises above the buy line point.
Commentaire:
#LINKUSDT
Commentaire:
#AMZN
The closing price of the candle with the arrow has closed or broken through near the BW indicator.

Therefore, you can buy on most days.

If the sell indicator of the superTrend indicator forms a horizontal line and shows resistance, it is a sell period.

Otherwise, if the sell indicator is broken, it is likely to lead to additional rise.
Commentaire:
#SamsungElectronics
Recently, the BW indicator of the TS - BW indicator has not touched the highest point since touching the lowest point.

Therefore, it is a time to buy for short-term trading.

In short-term trading, you can start trading depending on whether there is support near the BW indicator expressed in the price candle.
Commentaire:
#BETAUSDT
It shows support near the BW indicator expressed in the price candle.

Accordingly, it can be interpreted that the possibility of an increase is increasing.

However, it corresponds to a reverse arrangement in the state where M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart.

In this case of a reverse arrangement, it means that a downward trend is in progress overall, so even if you start trading, you should conduct trading from a short-term perspective.

Therefore, the key is whether we can break through the M-Signal section of the 1D chart to the M-Signal section of the 1W chart.
Commentaire:
I think the first thing to check for all transactions is the flow of funds.

Therefore, I check the flow of funds by briefly referring to the movement of USDT or USDC.

I think that the occurrence of a gap in USDT or USDC is an expression of the traces of funds flowing out or inflowing from the coin market.

Therefore, if it shows an upward trend in the gap, it means that funds are flowing into the coin market.

However, since USDC shows a downward trend in the gap, it can be interpreted that the coin market is likely to show a short-term downward trend.

I think that USDT has a big influence on maintaining the coin market.

Therefore, unless USDT turns into a downward trend in the gap, I expect the coin market to maintain an upward trend.

After checking the flow of funds in this way, you need to look at the chart of the item (coin, token) you want to trade and find the trading time.

Therefore, I have described the interpretation of technical indicators that can be used to determine the timing of trading with this idea.

I believe that charts show movements before the movements due to global economic and political issues.

Therefore, I think that chart analysis must be completed before identifying economic and political issues.
Commentaire:
#BTCUSDT (Renko chart)
The BW indicator expressed in the price candle is created at the 56K point.

Therefore, from the current point of view, it is expected that the downtrend will start when it falls below 56K.

However, if you look at the blocks on the Renko chart, you can see that the downtrend starts when it falls below 64K.

Therefore, you should select a point that suits you and respond according to your investment style, that is, your investment period.

[Example of exchange chart setup]

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

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