Important Support and Resistance Zone: 0.31600-0.33591

27 ม.ค.

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In order to reduce the auxiliary indicators to one, StochRSI indicator has been added to BW v3.0 indicator.

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The 0.31600-0.33591 zone is an important support and resistance zone.

It is becoming more important because the M-Signal indicator on the 1W chart is rising nearby.

In order to turn into a short-term uptrend, the MS-Signal (M-Signal on the 1D chart) indicator must rise above and maintain the price.

Therefore, support around 0.37778 is important.

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Since the StochRSI indicator is showing a change in slope in the oversold zone, if it shows support around 0.31600-0.33591, it is a time to buy.

If it rises,
1st: 0.37778-0.39641
2nd: 0.42847
You should consider whether to respond depending on whether there is support around the 1st and 2nd above.

If it is supported around 0.42847 and rises, it is expected to start rising to the Fibonacci ratio point of 2.618 (0.61238).

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For this movement to actually occur, USDT and USDC must maintain a gap uptrend.

In addition, BTC dominance or USDT dominance must show a downtrend.

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The most important element in creating a trading strategy is the support and resistance points drawn on the 1M, 1W, and 1D charts.

To do this, you need to understand the arrangement of candles.

When studying charts, it is important to read them repeatedly.

Since we are not studying to become chart analysts, we do not need to memorize various names or patterns.

It is more important to understand what kind of flow is being talked about.

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The next important thing is the price moving average line.

When studying charts, you will realize that the most important thing in a chart is the average value.

Therefore, you will realize that all indicators express how to return to the average value.

Therefore, it is more important to understand how to interpret the price moving average line than to study complex indicators.

Goodbye, complex indicators!!!

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If you look at the chart in that sense, you will understand why.

1. M-Signal indicator (MS-Signal indicator) on 1M, 1W, 1D charts indicating trends
2. HA-Low, HA-High indicators for creating trading strategies
3. BW(0), BW(100) indicators for detailed responses

I drew horizontal lines on 1M, 1W, 1D charts to indicate support and resistance points.

The remaining indicators are created for chart analysis, so they are not actually necessary when conducting trading.

You can draw Fibonacci ratios and use them as support and resistance points, but you should not forget that Fibonacci ratios are drawn for chart analysis.

Do not use Fibonacci ratios for the purpose of conducting trading.

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Thank you for reading to the end.
I wish you successful trading.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, we can see that the increase is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, we do not expect to see prices below 44K-48K in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

That is, the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, this Fibonacci ratio is expected to be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

It is up to you how to view and respond to it.

Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.

The reason is that the user must directly select the important selection points required to create the Fibonacci.

Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.

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

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28 ม.ค.

บันทึก

It shows a short period of large volatility without time to respond.

In this case, it is better not to conduct a new transaction if possible.

If you start a new transaction, it is better to respond briefly and take the profit when it is profitable.

Depending on the investment period, you can trade by considering whether you will get cash profit or leave the number of coins (tokens) corresponding to the profit to get a large profit later.

When trading in spot, it is recommended to leave a certain number of coins (tokens) corresponding to the profit.

The reason is that even if it declines, the upward trend is expected to continue until the end of 2025.

In order to leave the number of coins (tokens) corresponding to the profit, you must trade with the purchase amount.

In other words, if you purchased 100 USDT, you will only sell 100 USDT when you finally sell.

You need to calculate the transaction fee, but since it is difficult to calculate the actual transaction fee, it is better to separately write down the purchase amount you specified when purchasing. (When using an overseas exchange such as Binance Exchange)

If you proceed with a transaction that leaves the number of coins (tokens) corresponding to the profit, the transaction information provided by the exchange is virtually meaningless.

Therefore, you should separately record the information on the purchase principal and purchase price and respond accordingly.

If you sell the entire purchase principal, the average purchase price will be 0.

28 ม.ค.

บันทึก

Some people want to disclose the formula for the newly added BW (0) and BW (100) indicators.

The reason why I am not releasing this indicator right away is because if the formula is released, many people will use the indicator without looking at my idea.

If that happens, there is a high possibility that they will not be able to properly interpret the indicator and will conclude that it is not a very useful indicator.

Therefore, I am trying to make it possible to continuously see the explanation of the indicator over a period of time.

I plan to release the BW indicator around the second half of this year.

28 ม.ค.

บันทึก

Some people provide extremely limited information for fear that their know-how on analyzing other people's charts will leak, but it takes a long time to acquire actual know-how.

The know-how that you actually acquire is also limited.

Therefore, you don't have to be afraid of it being disclosed.

Some people say that other people disclose their ideas using other people's know-how, but that is because they did not properly understand the person's analysis.

There are cases where ideas published on TradingView are published for personal gain, but more often than not, that is not the case.

The most important thing in trading is not chart analysis, but how to create a trading strategy and respond to it. Therefore, rather than creating a trading strategy based on the ideas published on TradingView, I ask that you look at it as the person's chart analysis and interpretation method.

I think that trading strategies are different depending on each person's investment style, so this should not be an issue.