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About BTC Analysis and Averaging Down... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) I think USDT provides funds that support the coin market. Therefore, it has a big impact on the coin market. If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend. I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market. (USDC 1D chart) I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend. However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT. USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT. Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline. ---------------------------------------- (BTCUSDT 1W chart) As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point. Accordingly, the support around 94742.35 is an important issue. If it falls without support, 1st: 87.8K-89K 2nd: 79.9K-80K You should check the support around the 1st and 2nd above. However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched. - (1D chart) After passing the volatility period around December 27, it eventually reached the lower part of the sideways section. Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35. The next volatility period is expected to be around January 10, 2025. ------------------------------------------- When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point. However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond. In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds. This is called averaging down. The basic principle of averaging down is that you must purchase more than the current purchase principal. (Usually in the stock market, you purchase more than the number of shares you currently own.) Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own. In that case, the average purchase price will fall more than you think. Therefore, in the coin market, having cash is very important. If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all. If you do not have spare funds (cash), you should cut losses near the cut-off point. At this time, it is important to secure cash by selling more than 50% of the purchase principal. - If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases. If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases. Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds. In other words, the additional funds purchased must be sold when the price rebounds. Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything. The important thing here is to know how much the original purchase principal was before you start averaging down. The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change. If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective. However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase. In other words, the coins (tokens) for that profit will remain. Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds. Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions. I will publish how to select the timing of additional purchases when I have the next opportunity. However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts. At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not. Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it. However, it is recommended to proceed with additional purchases based on the 1D chart. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section 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. - (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. - 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. - 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 -----------------
by readCrypto
1
Hidden Risk: How to Uncover and Control Before You Click 'Buy'As seasoned traders, we understand that risk management isn't just a beginner's concept; it's the bedrock of sustainable profitability. We've moved beyond the rudimentary rules and are fluent in position sizing and stop-loss orders. But in the dynamic landscape of TradingView, where opportunities arise and vanish in the blink of an eye, even intermediate traders can fall prey to impulsive decisions that erode our hard-earned capital. The solution? Systematizing our risk assessment with a pre-trade risk profile. It isn't about reinventing the wheel but refining our approach to ensure that every trade aligns with our overall strategy and risk tolerance. It gives us an edge by keeping us disciplined. The Pitfalls of Complacency It's easy to become complacent when we've got a few winning trades under our belt. We start to feel invincible precisely when we're most vulnerable. We might skip steps, loosen our stop-losses, or increase our position sizes beyond our predefined limits. We are often driven by emotions rather than logic, and it's a slippery slope. Remember, even a well-defined risk management plan is useless if it's not consistently applied. Each trade carries unique risks influenced by factors beyond our standard calculations. Creating a Pre-Trade Risk Profile: A Refresher Before hitting that buy or sell button, click on TradingView to create a simple risk profile for the specific trade. Ask yourself a series of critical questions: 1. The Asset's Volatility: What's the current Average True Range (ATR)? How does it compare to the asset's historical ATR? Higher volatility demands wider stop-losses and potentially smaller position sizes. Are there any upcoming news events or economic releases that could impact volatility? Factor these in, as they can significantly alter the risk landscape. Be aware of, for instance, earning reports. 2. The Trade Setup: What's your entry point, and why? Is it based on an explicit technical signal, or are you chasing a move? Where's your stop-loss, and what is your rationale behind it? Is it placed below a key support level or based on a multiple of the ATR? What's your target price, and is it realistically achievable given the current market conditions? Avoid setting overly ambitious targets that expose you to unnecessary risk. 3. The Correlation Factor: How does this asset correlate with other positions in your portfolio? Are you inadvertently increasing your exposure to a specific sector or market trend? Could a single event trigger losses across multiple positions? Diversification is key, but it requires careful consideration of correlations. 4. The Time Factor: What's your intended holding period for this trade? The longer the timeframe, the greater the potential for unforeseen events to impact your position. Does your stop-loss need to be adjusted based on the timeframe? A wider stop-loss than a day trade might be necessary for a swing trade. 5. The "Gut Check": Are you comfortable with the potential loss on this trade? If the answer is no, it's a red flag. Either reduce your position size or reconsider the trade altogether. Are you trading based on a well-defined plan, or are emotions driving your decision? Be honest with yourself. From Profile to Action: Implementing Your Assessment Once you've answered these questions, you have a clearer picture of the trade's risk profile. Use this information to: Fine-tune your position size: Ensure it aligns with your pre-determined risk per trade (e.g., 1-2% of your capital). Set your stop-loss: Place it strategically based on the asset's volatility and your chosen support/resistance levels. Determine your risk/reward ratio: Is the potential profit worth your risk? Aim for at least a 1:2 or 1:3 risk/reward ratio. Bonus Tip: Develop Your Risk Score System Consider creating a simple risk score system to streamline your risk assessment further. Assign points to different risk factors based on their potential impact. For example, here is the Trade Impact Estimator (T.I.E): Volatility: Low Volatility (Below Average ATR): +1 point Average Volatility (Within Average ATR): 0 points High Volatility (Above Average ATR): -1 point News Events: Major News Event Scheduled: -2 points Minor News Event: -1 point No News Event: +1 Point Correlation: High Correlation with Existing Positions: -1 point Low Correlation: +1 point Timeframe: Day Trade: +1 point Swing Trade: 0 points Long-Term Trade: -1 point Trade setup: Good Risk/reward ratio: +1 point Neutral Risk/Reward ratio: 0 points Bad Risk/Reward ratio: -2 points Set Thresholds: Total Score of +3 or higher: Potentially a lower-risk trade, consider proceeding as planned. Total Score between 0 and +2: Proceed cautiously; consider reducing position size. Total Score of -1 or lower: Re-evaluate the trade, widen your stop-loss, significantly reduce position size, or avoid the trade altogether. Disclaimer: This is a simplified example. You can customize your risk score system to include additional factors and adjust the point values based on your own trading style and risk tolerance. You can also assign more points to factors that have historically impacted your trading results. It's crucial to backtest and refine your system over time. The Takeaway Mastering risk management is a continuous journey. By incorporating a pre-trade risk profile into our routine, we elevate our trading from reactive to proactive. We transform ourselves from gamblers to calculated risk-takers. On TradingView, where information flows ceaselessly, this disciplined approach is not just an advantage; it's a necessity. So, refine your process, stay vigilant, and make your trades profitable.
COINBASE:ETHUSDEducation
by hydtie
Important Support and Resistance Areas: 3265.0-3321.30 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) In this period of volatility, the key is whether it can find support near 3265.0-3321.30 and rise above 3644.71. If not, 1st: M-Signal on 1W chart 2nd: M-Signal on 1M chart You should check for support near the 1st and 2nd above. - When the decline progresses, if the HA-Low indicator of the 1D chart is generated, it is important to see if there is support near it. The reason is that the movement to close the current wave and create a new wave will begin. If it falls below the M-Signal indicator of the 1M chart and shows resistance, there is a possibility that it will turn into a downtrend in the long term, so you should think about a response plan for this. If it receives support near the M-Signal indicator of the 1M chart and rises, the gap between the M-Signal indicator of the 1W chart and the M-Signal indicator of the 1D chart will decrease, so there is a possibility that a large wave will be created when rising. Therefore, we should look at what it will look like after this volatility period. Currently, the StochRSI indicator is located near the 50 point, so there is a possibility of volatility, so caution is required when trading. - Once this volatility ends, the next volatility period for ETH is expected to be around January 22. However, since the next volatility period for BTC is around January 10th, we will have to see what kind of movement it will show at that time. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​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 maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - 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 this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for 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 -----------------
by readCrypto
This volatility period is until December 28 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) The volatility period on the 1W chart is until January 5, 2025. Even though the price has risen, the HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point. If the HA-High indicator on the 1W chart is created at the 94742.35 point when a new candle is created, it is important to check whether there is support near that point. If it goes down, you should check whether there is support near the 1st and 2nd points indicated on the chart. Eventually, the StochRSI indicator fell from the overbought zone and changed to a state where StochRSI < StochRSI EMA. If the StochRSI indicator is located near the 50 point when a new candle is created, volatility may occur, so caution is required when trading. - (1D chart) The volatility period on the 1D chart is around December 27 (December 26-28). Therefore, the key is whether it can rise after receiving support near 97821.58-98892.0 after passing this volatility period. If not, you should check whether the movement occurs as explained in the 1W chart. If it receives support near 97821.58-98892.0 and rises, it will continue the short-term uptrend. However, since the high point boundary section is formed in the 101947.24-106133.74 section, whether this section can be broken upward is a point of interest. Since the StochRSI indicator is currently located near the 50 point, there is a high possibility of volatility, so caution is required when trading. ------------------------------------------ The DOM indicator is an indicator that comprehensively evaluates the DMI, OBV, and MOMENTUM indicators. The Signal indicator is the EMA indicator of the DOM indicator. The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and superTrend indicators. The BW indicator is used to create the BW(0) and BW(100) indicators. In addition, when it is located below the 0 point, it means that the decline is strong, and when it is located above the 0 point, it means that the rise is strong. The DOM indicator indicates an upward trend when it rises based on the 0 point, and a downward trend when it falls. When DOM > Signal is in the state, it is likely to show an upward trend, and when it is the opposite, it is likely to show a downward trend. Therefore, when the BW indicator or DOM indicator shows an upward trend from the 0 point, aggressive buying is possible, and when it rises above the 0 point, it is the time to buy. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​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 maintained an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend 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 expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
Example of Interpretation of USDT, USDC, BTC.D, USDT.D Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. Trading Strategy ------------------------------------- (USDT 1D chart) USDT is a stable coin that has a great influence on the coin market. Therefore, the gap decline of USDT is likely to have a negative impact on the coin market. Since the gap decline means that funds have flowed out of the coin market, it can be interpreted that funds have currently flowed out through USDT. (USDC 1D chart) USDC cannot help but have a lower influence on the coin market than USDT. The reason is that USDC markets are not operated in all exchanges around the world. In other words, USDC can be seen as having limitations compared to USDT as an American investment capital. Therefore, the gap increase of USDT is likely to have a short-term impact on the coin market. ---------------------------------- (BTC.D 1D chart) You can refer to BTC dominance to choose which side (BTC, Alts) to trade in the coin market. Since the rise in BTC dominance means that funds are concentrated on BTC, it can be interpreted that Alts are likely to gradually move sideways or show a downward trend. For this interpretation to be meaningful, USDT dominance must show a downward trend. (USDT.D 1D chart) Because the decline in USDT dominance is likely to result in a rise in the coin market. Therefore, if USDT dominance rises, it may be a good idea to pause all trading and take a look at the situation. - You can roughly figure out whether funds are flowing into or out of the coin market with USDT and USDC. You can roughly figure out which direction the funds in the actual coin market are moving with BTC dominance and USDT dominance. As I am writing this, BTC dominance is rising and USDT dominance is falling, so it is better to trade BTC rather than Alts. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
CRYPTOCAP:BTC.DEducation
by readCrypto
1
Example of how to trade without chart analysis Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Since the coin market can be traded 24 hours a day, 365 days a year, gaps do not occur as often as in the stock market. (However, gaps may occur frequently in exchanges with low trading volume.) In any case, I think that these movements provide considerable usefulness in conducting transactions. Sometimes I told you to buy when the price drops by -10% or more. Today, I will tell you why. -------------------------------------- In order to trade, you must have basic knowledge of charts. Otherwise, you are likely to conduct transactions incorrectly due to volatility. However, such cases are less common in the coin market than in the stock market. One of the reasons is that the current coins (tokens) are not being used for actual business purposes. So, I think there are quite a few issues that cause volatility other than charts like stocks. - If the price falls one day and falls by about -10% from the high before a new candle is created, I buy. The next day, if it falls by about -10% from the high again, I buy again. When it falls by about -10% like this, I continue to buy in installments. That's why I need to adjust my investment ratio. - If I buy like that, there will come a point where my price rises more than the average unit price. In that case, when I'm making a profit, I sell the amount corresponding to the purchase principal in installments and leave the number of coins (tokens) corresponding to the profit. If you want cash profit, you can sell a certain portion in installments. Also, on the contrary, when it rises by about +10%, we proceed with a split sale. - As shown in the example chart, you can see that there are not many cases where it rises by -10% or +10%. However, since it occurs more often in the case of altcoins than in BTC or ETH, you should pay special attention to adjusting your investment ratio when trading altcoins. That is why you must check the price fluctuation range 1-3 hours before a new candle is created on the 1D chart. This method is a method that can be traded even if you lack knowledge about charts. If you let go of your greed a little and have the ability to split sell when you are making a profit, you will be able to meet the moment when a crisis becomes an opportunity. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
Education
by readCrypto
Check support at important support and resistance zones Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) The key is whether it can receive support and rise around 3265.0-3321.30. If not, and it falls, it is possible to touch the M-Signal indicator on the 1M chart. Accordingly, we need to check whether it can rise around 2706.15. - (1D chart) The key is whether it can receive support near the important support and resistance area of ​​3265.0-3321.60 and rise above 3438.16. If not, it is likely to fall to around 2895.47 to meet the M-Signal indicator on the 1W chart. The point to watch is what kind of movement it will show as it passes through the next volatility period of ETH, around December 27 (December 26-28). - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​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. - (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. - 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. - 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 -----------------
by readCrypto
After the volatility period around December 27th... (Title) What will it look like after the volatility period around December 27th --------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a good day today. ------------------------------------- USDT is currently showing a gap down, although small. USDC is showing a gap up steadily. The gap up of USDT and USDC means that funds are flowing into the coin market. I think the start of the altcoin bull market should be below 55.01 and maintained or show a downward trend. The decline in USDT dominance is likely to result in a rise in the coin market. If it rises above 4.97, the coin market is likely to experience a sharp decline and the coin market is likely to show a downward trend. If USDC continues to fall, it is likely to fall to around 2.84. After that, it is expected that the coin market will gradually show a downward trend while rising. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point. Therefore, if the HA-High indicator of the 1W chart is generated, it is important to see if it can be supported near that area. If it falls without being supported, there is a possibility that it will meet the M-Signal indicator of the 1W chart. Before meeting the M-Signal indicator of the 1W chart, it is necessary to check if it is supported near 87.8K-89K. - The Momentum indicator is showing a continuous downward trend. We need to see if it shows an upward trend when a new candle is created. - Looking at the overall picture of BTC, it is still in the sideways section. Therefore, the point of interest is whether it can rise above 97821.58-98892.0 by rising near 92K-93.5K. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​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 maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - 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. - 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 -----------------
by readCrypto
The key is whether it can rise above 9.39 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (APTUSDT 1W chart) It seems that the M-Signal indicator on the 1M chart has started to be created. Accordingly, the 7.41-9.39 section is an important support and resistance section. When it shows support in the 7.41-9.39 section, it is a time to buy. - In order to turn into an uptrend, the price must be received above the MS-Signal (M-Signal on the 1W chart) indicator. Therefore, the key is whether it can receive support and rise near 9.39. - The high point boundary section is formed in the 12.06-14.50 section, so if it rises above this section, it is expected to create a new upward wave. If it falls below 7.41, it is expected to enter the mid- to long-term investment area. Therefore, if possible, I think it would be better to trade when the price is maintained above 7.41 and wait and see if it falls below 7.41. - (1M chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend 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 expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
2
Whether it can be supported and rise from BW(0) is the key Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (PEPEUSDT 1W chart) The key is whether it can rise above the HA-High indicator point of 0.00001898. To do so, the point to watch is whether it can be supported and rise near the M-Signal indicator on the 1W chart. Accordingly, if it falls, you should check whether it can be supported near 0.00001463. The strong support area is around 0.00000723. - (1D chart) Since the BW(0) indicator was created at the 0.00001767 point, it is important whether it can be supported and rise around this area. If it falls, it is important whether it can touch the M-Signal indicator on the 1W chart and rise. 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. To do so, it must rise above 0.00001898 and be supported. - From this perspective, if it rises, the area around the M-Signal indicator on the 1D chart is likely to be the first resistance area, and the area around the M-Signal indicator on the 1W chart is likely to be the first support area. ------------------------------------------------ (1000PEPEUSDT.P 1D chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​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 and has been rising. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - 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 this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for 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 -----------------
by readCrypto
4
Micron Technology ($MU): Breaking Resistance or Building Moment "Undervalued tech stocks are like treasure maps—the trick is knowing where the 'X' marks the breakout. Let’s see where NASDAQ:MU might lead us." Valuation Insight: "Micron Technology ( NASDAQ:MU ) is trading at $87.50, with valuation metrics that scream potential: P/E Ratio: 10.5—well below industry averages. P/B Ratio: 1.7—value investors, take note. EV/Revenue Ratio: 3.5—a discount on future growth." Key Resistance Levels to Watch: $97.18 – The First Test 🎯 "This level marks the first hurdle for $MU. A breakout above could indicate momentum building toward a bullish trend." $118.54 – The Big Break ⚡ "Crossing this level would confirm renewed bullish sentiment. Look for strong volume as a signal for sustained movement." $181.66 – The Bullish Peak 🏔️ "While distant, this historical high serves as a long-term target for investors betting on sustained industry growth." Growth Catalysts: AI and 5G Demand: DRAM and NAND memory are critical for emerging technologies. Institutional Activity: Dark pool orders and market-on-close volume indicate increased interest from big players. Risks to Watch: Cyclical Nature: Overproduction or slowing demand could impact prices. Macroeconomic Headwinds: Higher interest rates might dampen near-term spending in tech. Conclusion: " NASDAQ:MU is undervalued and approaching critical levels—$97.18, $118.54, and $181.66—that could define its path forward. Keep these zones on your radar and watch for volume to validate potential moves."
NASDAQ:MULong
by DCAChampion
The key is whether it can rise above 0.37778 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (DOGEUSDT 1W chart) As the price falls, the HA-High indicator is expected to be created at the 0.37778 point. Accordingly, the key is whether it can rise above 0.37778. If not, 1st: 0.26850-0.28000 2nd: M-Signal on the 1M chart You need to check whether it can rise with support near the 1st and 2nd above. - Since the StochRSI indicator has fallen below the overbought level, it seems likely to continue to decline further. However, when looking at the StochRSI indicator, volatility may occur when it reaches around the 50 point, so caution is required. - (1D chart) - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​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 maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend 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 expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
1
Whether it can be supported and rise around 92K-93.5K is the key Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) What we need to look at is whether it can touch the MS-Signal (M-Signal on the 1W chart) indicator and rise. When a new candle is created, it is expected to pass around 83.6K. Accordingly, the point of interest is whether it will meet the M-Signal indicator on the 1W chart around 87.8K-89K. The reason is that the StochRSI indicator is showing a downward trend from the 100 point, and if a new candle is created, it is expected to change to a state where StochRSI < StochRSI EMA. Since the StochRSI indicator is still in the overbought zone, it is likely to rise after receiving support around 92K-93.5K. - (1D chart) The next volatility period is around December 17 (December 16-18). Therefore, the key is how it will look after this volatility period. It is currently showing a short-term downtrend, but looking at the overall picture, it is ambiguous to say that it has yet to break out of the sideways zone, so the key is whether it falls below 90586.92. - Therefore, we need to check whether it can rise above 95904.28. If not, it is expected to touch around 92K-93.5K. In order to turn into a short-term uptrend, it needs to rise above 97821.5-98892.0 to be supported. Since the Momentum indicator is showing a low, it may lead to an additional decline. You can see that the Body color of the candle changed to red from the December 20 candle. This is because the OBV fell below the midpoint. Therefore, if the Body color of the candle changes back to Green, it can be seen as a buying period. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​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. - (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. - 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. - 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 -----------------
by readCrypto
Start of decline: Below 3707.61 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) As I mentioned in the BTC idea, when the StochRSI indicator is moving, the value of the StochRSI indicator fluctuates when it passes a meaningful point. Currently, the value of the StochRSI indicator seems to have fallen from the 100 point. However, if it rises above a certain point, it is possible that it will show the 100 point again. Also, you can check the exact value when a new candle occurs. - In the previous idea, I said that the time to buy is when it is below 3438.16. The reason is that if it goes up more than that, you may feel psychological anxiety due to volatility. If you bought an altcoin during this buying period, I think it is likely that it is currently at a similar price range or making a profit. Otherwise, if it is losing money, the coin (token) can be considered a subordinate coin (token). In other words, it can be seen as being neglected in the market. - (1D chart) It has fallen below the HA-High indicator (3831.12). It has also fallen below the MS-Signal (M-Signal on the 1D chart) indicator. Accordingly, the key is whether it can be supported near 3644.71 and rise above the M-Signal indicator on the 1D chart, or if possible, above 3831.12. If not, and it falls, there is a possibility that it will touch the M-Signal indicator on the 1W chart. Before that, 1st: 3438.16 ~ 0.618 (3548.07) 2nd: 3265.0-3321.30 You need to check if it is supported near the 1st and 2nd above. When the decline progresses, if the HA-Low indicator or BW(0) indicator is generated, it is important to check whether there is support near it. In particular, if the HA-Low indicator is generated, it will close the current wave and create a new wave. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​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. - (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. - 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. - 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 -----------------
by readCrypto
HIMS: Another buying opportunity! 88% UpsideCharturday #4: NYSE:HIMS 💊 A top 3 trade/ investment for me right now! Weekly Analysis: -H5 Indicator is GREEN -Broke out of Bull Flag and realized $35 MM -Broke out of CupnHandle and now retesting before we head towards our $48.55 measured move (MM). Already wicked off the area which shows confirmation of a successful retest. -Sitting on a volume shelf with a lot of room to run! -At the bottom of our uptrend channel -Wr% is in an uptrend as you can see with the arrow Williams consolidation box (WCB) is completely jacked up due to the short attack last month that tanked the stock then the FED FUD this past week alongside the GLP-1 shortage removal decision by the FDA. So yea no stock can hold together a Williams CB during all those massive swings. But, make no mistake these created great buying opportunities IMO! 🔜🎯$35🎯$40 🎯$48⏲️Before 2028 Not financial advice.
NYSE:HIMSLong
by RonnieV29
3
Is FUBO setting up for a MASSIVE MOVE UP? 65% UpsideCharturday #1: NYSE:FUBO 📺 Weekly Chart: -H5 Indicator is GREEN -Wr% trending up from bottoms -Sitting on Volume Shelf -Triangle Pattern x2 - Need to breakout...again Daily Chart: -Triple Bottom with a liquidity grab below 3rd bottom -At volume shelf -At bottom of Wr% and swinging higher -Need to swing back up to $1.90 breakout area Targets if we breakout of any of the patterns: 🎯$2.17🎯$2.36🎯$2.52🎯$2.82 I'm in this trade and holding on due to the H5 indicator staying GREEN on the weekly. If you aren't in this trade it's not one worth entering until we have a breakout. Not financial advice.
NYSE:FUBOLong
by RonnieV29
3
Start of decline: Below 97821.58 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- The Market Cap chart will be updated again when a new candle is created. I think the gap increase of USDT, USDC is a trace of funds flowing in. The increase in BTC dominance means that funds are concentrated on BTC. You cannot predict the rise and fall of BTC with BTC dominance. The rise in USDT dominance is likely to be reflected in the decline of the coin market. The start of the decline in the coin market is expected to begin when it rises above 4.97 and is maintained. ------------------------------------------- (BTCUSDT 1W chart) The point to watch is whether the StochRSI indicator shows a downward trend from the 100 point or whether it switches to a state where StochRSI > StochRSI EMA. Since the StochRSI indicator is a lagging indicator, you can know the exact value when a new candle is created. However, if there is a change in the value of the StochRSI indicator when a movement occurs, it means that an important point has been passed. In that sense, the fact that the StochRSI indicator is maintained at the 100 point despite the current price decline means that an important point has not been passed. However, there may be fluctuations in the StochRSI indicator value when a new candle is created while the price is falling. - (1D chart) The HA-High indicator is expected to be created at 101947.24. Accordingly, the key is whether it can be supported near 101947.24. If not, it falls and shows resistance near the MS-Signal (M-Signal on the 1D chart) indicator or 97821.58, there is a possibility of meeting the M-Signal indicator on the 1W chart. Therefore, before meeting the M-Signal indicator on the 1W chart, you should check whether it is supported near 87.8K-89K or whether the HA-Low indicator or BW(0) indicator is newly created. If the HA-Low indicator or BW(0) indicator is generated, it is important to see if there is support in the vicinity. If the HA-Low indicator is generated, it is expected that the current wave will end and a movement to create a new wave will begin. The start of the decline is expected to start when it falls below 97821.58. The volatility period is around December 27 (maximum December 26-28). - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) In the big picture, it seems to have been maintaining an upward trend 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 upward trend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the upward trend 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. - The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
2
The key is whether it can be supported in the support zone Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (NAS100USD 1D chart) Support zone 1st: Left Fibonacci ratio 2.24 (21039.7) ~ 21348.0 2nd: 19582.6 However, when the M-Signal indicator on the 1W chart is touched, whether it is supported or not is important. The next volatility period is expected to be around December 26th. If it is maintained above the M-Signal indicator on the 1M chart, it is expected to eventually rise to the left Fibonacci ratio 2.618 (23557.7) ~ right Fibonacci ratio 1.27 (23962.1) and re-determine the trend. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
OANDA:NAS100USD
by readCrypto
The Good, The Bad, and The Batteries Enovix (ENVX)Enovix (ENVX) Stock Analysis: Batteries, Risks, and Big Dreams "Speculation without preparation is just gambling with extra paperwork." 1. Batteries That Could Change the Game Enovix Corporation is a silicon battery innovator. From smartphones to EVs, they’re trying to power everything—if they can power through their own growing pains first. Stock’s sitting at $8.42, down 6.24% recently. A far cry from its 52-week high of $18.68. The low? $5.70. A wild ride, just like the battery tech race. Cool tech, shaky stock. Can they charge forward, or will they short-circuit? 2. Financial Roller Coaster 2023 revenue climbed 23% to $7.64M. Sounds great—until you see the $214M net loss (up 314%). Cash burn isn’t just happening; it’s a bonfire. Q3 2024 did offer a silver lining. Losses narrowed by 80% quarter-over-quarter, with EPS coming in better than expected at -$0.17 vs. -$0.21. Progress, but still deep in the red. When a company spends $214M to make $7M, the math doesn’t exactly scream stability. 3. Analysts Love It, The Market Isn’t Sure Analysts are calling it a “Strong Buy,” with a $21.22 price target—a potential upside of 134%. But with 24.59% of the float shorted, skeptics clearly have reservations. Some love the battery promise. Others see the losses, CFO departure, and volatility as too big to ignore. This stock is a battlefield between optimists and skeptics. Pick your side, but don’t forget the popcorn. 4. Malaysia Plant: The Big Hope Enovix’s Fab-2 in Malaysia is operational, producing EX-1M battery cells and prepping for mass production by 2025. Add a major smartphone OEM deal to the mix, and the future starts looking brighter. Scaling production is their golden ticket. But “mass production” often means “massive delays.” Keep watching. 5. Risks and Red Flags Leadership changes, high short interest, and the struggle to scale—Enovix has its challenges. They’re betting on their tech to win over skeptics, but nothing’s guaranteed in a high-risk, high-reward industry. If they pull it off, it’s a game-changer. If they don’t? Another tech name fades into obscurity. 6. Bottom Line: Worth the Risk? Enovix is speculative. Its tech has potential, but the road ahead is paved with volatility. For risk-tolerant investors, it’s a shot worth considering. For the cautious? Maybe wait until the story unfolds further. Disclaimer: “Investing is risky. Past performance is no guarantee of future results. Consult your financial advisor. Or don’t. Just don’t blame DCAChampion if things go south.
NASDAQ:ENVXLong
by DCAChampion
Entering the volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- If USDT and USDC continue their gap uptrend, I think it is a sign that funds are flowing into the coin market. I think that for the altcoin bull market to start, BTC dominance must fall below 55.01 and be maintained or continue to fall. Therefore, the key is whether it can fall after receiving resistance near the M-Signal indicator or Fibonacci ratio 0.5 (57.95) on the 1W chart. The decline in USDT dominance is likely to result in a rise in the coin market. The USDT dominance is expected to touch around 2.84 at the most. Therefore, the key is whether it can fall after receiving resistance near 3.99-4.16. If the USDT dominance rises above 4.97, the coin market is likely to show a sharp decline. Therefore, if it is maintained above 4.97, I think the coin market is likely to turn into a downtrend. -------------------------------------------- (BTCUSDT 1W chart) If BTC continues to rise like this, I also hope so. However, since the StochRSI indicator is maintained at 100 and the StochRSI EMA indicator is approaching 100, BTC will eventually show a downward trend. Therefore, even if it continues to rise further, it will touch the Fibonacci ratio 2 (106178.85) and show a downward trend. The StochRSI indicator does not tell us how much the fluctuation will occur. If it starts to decline, 1st: 87.8K-89K 2nd: 79.9K-80.9K There is a possibility that it will touch the 1st and 2nd areas above. If not, and it shows a sideways pattern, it seems that volatility is likely to occur when touching the M-Signal indicator on the 1W chart. The volatility period on the 1W chart is around the week including December 23rd. Therefore, it can be seen that the volatility period is from December 16th to January 5th. If the BW(100) indicator or the HA-High indicator is newly created during the volatility period, it is important to see if it can be supported near it. - (1D chart) I will update after a new candle is created. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​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. - (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. - 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. - 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 -----------------
by readCrypto
4
The key is whether the price can be maintained above 3644.71 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) The key is whether the price can be maintained by rising above the upper section of the HA-High indicator box on the 1M chart. If not, it will eventually show a downward trend. The reason is that the StochRSI indicator is maintained at the 100 point and the StochRSI EMA indicator is approaching the 100 point. Since the StochRSI EMA indicator has not touched the 100 point so far, it will eventually show a downward trend. However, since the StochRSI indicator cannot predict how much fluctuation will occur, you should refer to the support and resistance points drawn on the 1M, 1W, and 1D charts. Therefore, 1st: 3438.16-3644.71 2nd: 3265.0-3321.30 The point to watch is whether it can receive support near the 1st and 2nd above. If the StochRSI indicator is maintained at the 100 point for a long time, you should keep in mind that even if a small decline occurs, the decline in the StochRSI indicator is likely to be quite large. In other words, it means that there are cases where it pretends to decline and moves sideways and then rises. To determine this, it is good to refer to the movement of the OBV indicator. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​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 maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - 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. - 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 -----------------
by readCrypto
Example of how to select a volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The date that I am talking about as a volatility period refers to a period in which there may be a movement that may change the trend. In other words, it means that there is a high possibility of creating a new wave as the volatility period passes. Basically, the volatility period is expressed as an issue regarding the coin (token) or a global issue, but the volatility period that I am talking about is expressed by the support and resistance points and trend lines drawn on the chart. - The support and resistance points refer to the points drawn on the 1M, 1W, and 1D charts. In other words, they refer to the points of the HA-Low, HA-High, BW(0), BW(100), and OBV indicators displayed on each chart. When indicating support and resistance points, indicators connected to the current price candle are unconditionally drawn. Also, indicators that are not expressed up to the current price candle are drawn starting from the one with the longest horizontal line. Among indicators that are not expressed up to the current candle, horizontal lines expressed less than 5 candles are not drawn if possible. If there are support and resistance lines that are expressed too closely, the support and resistance lines that are closest to the current candle are used. - The StochRSI indicator is used to draw a trend line. When the StochRSI indicator enters the oversold or overbought zone and reverses, that is, when a peak is created, those points are connected and expressed. Therefore, the peak created in the 20~80 range of the StochRSI indicator is ignored. Therefore, the trend line is created by connecting the high and low points of the StochRSI indicator. However, the high point connection line connects the opening price of the falling candle. If there is no bearish candle at the peak of the StochRSI indicator, move to the right and use the first bearish candle. When drawing the trendline for the first time, it is better to draw it from the vicinity where the current wave started. If the StochRSI indicator has two peaks in the overbought or oversold area, use both when it leaves the overbought or oversold area and then re-enters it. Otherwise, use only one peak at a time. - Draw support and resistance points and trendlines on each chart. - Find and mark points where trend lines or support and resistance points intersect at least two times. The importance is determined in the order of trend lines drawn on the 1M chart > trend lines drawn on the 1W chart > trend lines drawn on the 1D chart. Therefore, in order to express a period of volatility with a trend line drawn on the 1D chart, there must be at least two intersecting points. In other words, there must be at least two intersecting points when indicating a period of volatility, such as when trend lines intersect each other or when trend lines intersect support and resistance points. In addition, support and resistance points are also important in the order of 1M > 1W > 1D charts, so when they intersect with support and resistance points, they are selected according to this importance. - Then, if you hide the trend line, you will complete the chart showing the period of volatility. - When drawing for the first time, 1. When indicating support and resistance points, if you do not understand the arrangement of candles, it may be difficult to select. 2. It may be difficult to select the peak and candle of the StochRSI indicator. 3. It may be difficult to select which intersection point to select when indicating the volatility period. Since you cannot get used to everything at once, it is recommended to draw and observe one by one and try to solve the difficulty of the next step once you get used to it. - The StochRSI indicator on this chart is an indicator whose formula has been changed from the basic StochRSI indicator. Therefore, if possible, it is recommended to use the StochRSI indicator on my chart. If you use your own StochRSI indicator, Settings: 14, 7, 3, 3 (RSI, Stoch, K, D) Source value: ohlc4 If you change the values ​​above, it will be expressed similarly. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
Education
by readCrypto
The key is whether it can be supported around 224.93-228.97 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- (AMZN 1M chart) It is already showing an upward trend. The point to watch is whether it can maintain the price by rising above the Fibonacci ratio 1 (238.57). If it fails to rise, it is expected to fall to around 172.55-186.98. - (1W chart) Since the BW indicator is maintained at the 100 point, even if the price rises, it will eventually show a downward trend. Accordingly, the key is whether the price can be maintained above the Fibonacci ratio 1 (238.57). If not, it is expected to touch the MS-Signal (M-Signal on the 1W chart) indicator. If it falls further, it is necessary to check whether there is support near 176.77-188.07. - (1D chart) The HA-High indicator is showing signs of being created at the 224.93 point. Accordingly, if the HA-High indicator is created at the 224.93 point, the key is whether it can be supported near this point and rise above 228.97. If it falls after the HA-High indicator is created, it is important whether it can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise. If not, it is likely to touch the M-Signal indicator on the 1W chart. - When the StochRSI indicator falls and maintains in the overbought zone, if it shows resistance near 224.93, it is likely to lead to further decline. If it leads to a decline, 1st: M-Signal on the 1D chart 2nd: M-Signal on the 1W chart You need to check whether it can be supported and rise near the 1st and 2nd above. Therefore, when it is confirmed to be supported in the 224.93-228.97 range, it is the time to buy. The first sell period is near the Fibonacci ratio 1 (238.57). - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NASDAQ:AMZN
by readCrypto