(Key) Support and Resistance Points and Basis

10月6日

(Key) If you set support and resistance points, you should consider the basis for it

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The 61099.25-61759.99 section is an important support and resistance section.

However, I think it is in an ambiguous position to proceed with trading.

The reason is that it is near the section where the M-Signal indicators of the 1W and 1D charts converge.

In this case, since the fluctuation range is likely to be large, when you proceed with trading, you may proceed with trading in the wrong direction.

Therefore, you should check whether there is an upward or downward movement in the 61099.25-61759.99 section, and then proceed with the transaction depending on whether there is support or resistance when the 61099.25-61759.99 section shows support and resistance.

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It is currently rising in the 61099.25-61759.99 section and has touched the 62856.30 point.

Therefore, it can be seen that there was an upward movement in the 61099.25-61759.99 section.

Now, you can proceed with the transaction by checking whether there is support in the 61099.25-61759.99 section.

While you are doing this check, it may rise like this.

However, it is recommended to proceed with the check because it is rare for it to rise at once.

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The StochRSI indicator is currently showing signs of moving out of the oversold section.

Therefore, it is necessary to check whether the state of StochRSI > StochRSI EMA can be created when a new candle is created.

This is because the StochRSI indicator often rises in the oversold zone and then fails to maintain the state of StochRSI > StochRSI EMA and falls.

Whether the state of StochRSI > StochRSI EMA can be maintained can be known to some extent by checking the movement at the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart.

In addition, you can refer to the movement of BW, DMI, and OBV to help determine whether there is support and resistance.

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The 62856.30-65918.80 section is the section that indicates the box section of the HA-High indicator on the 1D chart.

Therefore, it can be said to be the section to check whether there is support and resistance at the HA-High indicator (64748.70) point on the 1D chart.

Therefore, a box section can be formed within the 62856.30-65918.80 section, and depending on which direction it deviates from this section, a trend can be formed.

Therefore, if it is supported near 62856.30 and rises,
1st: HA-High indicator point
2nd: HA-High indicator box top point
You can check whether there is support near the 1st and 2nd above and respond accordingly.

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I publish ideas in a different way than people who publish ideas on TradingView.

That is, I explain how to create a trading strategy for actual trading with a chart based on price movements.

Therefore, there are often cases where the content predicting the immediate movement is not expressed clearly.

The reason is that I explain the importance of the current price position in various ways.

I think that by explaining why that point is important, you will also be able to know how to evaluate the importance of the support and resistance points you have drawn.

I think that these settings are very important factors in conducting a transaction.

Even if you mark support and resistance points on the chart, if you cannot properly explain why that point is important, that point may be useless when conducting an actual transaction.

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If you have defined the basis for the importance of the support and resistance points you have drawn, you can create a trading strategy and conduct a transaction even if that point is incorrect.

This is because you can create an actual trading method for buying and selling in the 3. Trading method and profit realization method section of the trading strategy.

It is most important that the transaction ends successfully, but it is more important to what extent the transaction is conducted according to the trading strategy you have set.

If the movement is somewhat in line with your trading strategy, you can create a trading strategy again and conduct a transaction even if the transaction fails.

However, if you do not, it will be difficult to conduct the next transaction and you may even feel afraid.

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Continuity is important in trading.

Whether you are conducting an actual transaction or doing preliminary work to conduct a transaction, I think that as long as you have the will to start trading, the continuity of trading is maintained.

To do this, you should check the chart at least twice a day.

Otherwise, you should think that there is no continuity in trading.

This is because checking the movement of the real-time chart is a very important information gathering activity.

Therefore, if you do not have much time to look at the real-time chart, mark the support and resistance points on the 1M, 1W, and 1D charts in advance as much as possible and set the minimum StochRSI indicator.

This way, you can save time looking at the movement of the real-time chart.

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It is more important to complete the trading strategy according to it than to check whether my chart analysis is correct or not.

This is because we need to quickly check the support and resistance points in the chart analysis and trade according to the trend at that point to make a profit.

Therefore, there is no need to be happy or sad that your chart analysis was correct.

It is better to make an effort to create a trading strategy at that time.

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The general setting value of the StochRSI indicator is set to 14, 7, 3, 3 (RSI, Stoch, K, D).

In other words, you can change Stoch from 14 to 7.

The good thing about this setting is that the StochRSI indicator's wave comes out almost in line with the price movement.

Therefore, you can see a faster movement than the basic StochRSI indicator setting value of 14, 14, 3, 3.

The other indicators included in the chart you are currently viewing are modified formulas, so you should not use the indicators included in this chart.

You can set the DMI+OBV indicator according to the explanation.
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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the full-scale uptrend will start when it rises above 29K.

The next expected range to touch is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points that are likely to receive resistance in the future.
We need to check if these points can be broken upward.

We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.

#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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10月6日

ノート

If you find the basis of support and resistance points and understand yourself, it can be very useful when conducting a transaction.

You may think you have found the basis, but if you actually do not understand yourself, it will be useless when conducting a transaction.

Therefore, you need to find the basis in various ways.

For example, if you only indicated the support and resistance points with the Fibonacci retracement ratio and did not find other basis for it, it could be useless when conducting a transaction.

This is because the selected point of the Fibonacci ratio is likely to change depending on the fluctuation range.

Therefore, it is important to find evidence for the support and resistance points indicated on the chart in various ways.

An example of this is as I have explained when I published my ideas so far.

I will continue to publish in this way, so if you look at my ideas periodically, I think you will gradually understand them.

10月6日

ノート

The support and resistance points that I marked on the chart are points that anyone can understand.

Because there is no need to select a selection point like the Fibonacci retracement tool.

This will be a very big factor in trusting the points marked on the chart.

So, if possible, you should mark support and resistance points on the 1M, 1W, and 1D charts and create a trading strategy based on the trend of the 1D chart.

Even if you trade while looking at the 1D chart or lower, that is, the 1m, 5m, 15m, 1h, and 4h charts, you should create a trading strategy based on the trend of the 1D chart as the main trend.

Otherwise, there is a high possibility that you will suffer losses due to fakes or sweepstakes.

10月7日

ノート

#BTCUSDT

As a new candle is created, the StochRSI indicator has entered the overbought zone.

Therefore, even if it rises, there is a high possibility of a decline, so you should think about how to respond to this.

However, since it is a 1W chart, a fairly long flow is expected, so you should take this into account.


Therefore, you should respond according to the movement of the 1D chart, where we mainly need to check the trend.

Currently, StochRSI has risen from the oversold zone, and has changed to a state where StochRSI > StochRSI EMA.

Accordingly, the closing position of today's candle is important.

The 62856.30 point is the bottom point of the HA-High indicator box on the 1D chart.

Therefore, if it receives support at this point, it should be interpreted that it is possible to rise above 65918.80.

Therefore,
1st: 64748.70
2nd: 65618.80-65920.71
You can respond depending on whether there is support near the 1st and 2nd above.

If it fails to rise, you should check whether there is support near 61099.25-61759.99.

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#ETHUSDT

What is significantly different from the BTC chart above is that the BW indicator is trying to touch the lowest point (0).

Accordingly, the key is whether it can receive support and rise near 2464.82-2499.0.

If the BW line is created after the closing of today's candle, you can trade based on that point.

However, since there are important support and resistance points, the key is whether it can ultimately break through that point.

Therefore,
1st: 2464.82-2499.0
2nd: 2555.38-2646.97
We need to check whether there is support near the 1st and 2nd above.