A pattern is what you know when it's complete
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Traders, welcome.
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Please also click "Boost".
Have a good day.
** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D 1W chart)
(USDT.D 1D chart)
Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend.
BTC dominance remains on the uptrend and is expected to eventually rise above 50.
The rise in BTC dominance tells us that money is being concentrated in BTC.
In addition, it is not desirable to expand interpretation of the flow of BTC dominance because it is not helpful at all to proceed with actual transactions.
If you have checked the BTC dominance chart to see whether your current funds are concentrated in BTC or altcoins, you should check how your funds are flowing.
The flow of money can be seen by the movement of the USDT.D chart, i.e. USDT Dominance.
It can be interpreted that the decline in USDT dominance is highly likely to lead to a rise in the coin market.
Conversely, an increase in USDT dominance means that it is highly likely to lead to a decline in the coin market.
If you look at the 1M, 1W, and 1D charts of the USDT.D chart, you can see that they are receiving resistance at certain points and sections.
Therefore, USDT dominance is expected to decline unless it rises above this resistance point or section.
However, if it rises above 7.14-7.27, which corresponds to the resistance zone, and shows support, USDT dominance is expected to surge.
Therefore, it is necessary to check which side of the 6.85-7.27 section shown on the 1D chart is moving away from around May 16th.
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(BTCUSDT.P chart)
The pattern drawn on the 1D chart is a Head and Shoulders pattern.
So, if it falls below 26907.0-27486.4, I would expect a sharp decline.
If this is not the case and the price holds above 27486.4, it is expected to form a new trend.
Therefore, it is expected to rise above 32275.6.
A pattern can only be known when it is complete.
However, if you know in advance what the pattern will look like, you will be able to buy some time to respond.
No matter what pattern you make, the real pattern is after it has been completed, so you should be careful if you react in advance before the pattern is completed, as there is a possibility of double loss.
Therefore, the important thing in trading is split trading.
When the pattern is being completed, it is necessary to partially respond with a split transaction and leave room for the next response whether the pattern is completed or incomplete.
Otherwise, if you sell 100% in advance just because you see a head-and-shoulders pattern, you will feel great psychological anxiety every time the price rises, increasing the possibility of making a wrong decision.
If you sell 100%, it is better to stay away from the market for a while until the next wave begins.
Currently, a dip below 26907.0-27486.4 is required to complete the Head and Shoulders pattern drawn on the 1D chart.
If not, the Head and Shoulders pattern is incomplete.
If we look at the support and resistance sections without considering the pattern,
Section 27486.4-27976.1 is an important support section.
Therefore, if support is confirmed near the 27486.4-27976.1 section, it is possible to buy.
The primary target for this buy is near the 30181.8 point.
The reason is that the HA-High indicator on the 1D chart is formed at 30181.8.
In this way, when creating a trading strategy from a trading perspective or trend perspective, what you need to identify are support and resistance points or zones.
Create a trading strategy for support or resistance at these support and resistance points or zones.
If you proceed with trading according to the trading strategy created in this way, you will be able to escape the influence of your psychological state to some extent.
The biggest stumbling block in trading is your own state of mind.
This is because they believe that the success of trading is determined by the movement of charts and their psychological state caused by various articles and press announcements.
No matter how much the current trend is on the uptrend, if all you see, hear and say is negative, you will be able to trade.
As I said above, it is the flow of money that makes trading possible.
If you can tell whether money is flowing in or out of the investment market, you will have the power to trade according to the flow of that money.
The channel for the inflow and outflow of large funds in the coin market is USDT.
Therefore, if USDT is maintaining an upward trend, the coin market will maintain an upward trend.
Therefore, if the chart of the coin (token) you want to actually trade shows a decline while funds are continuously flowing in, then it is the time to buy.
These buying points can be made according to the support and resistance points.
What I have just said is about the big picture, the overall trading strategy.
How detailed a trading strategy you develop with this will be determined by your own state of mind.
(1h chart)
The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
The interval 24294.1-30181.8 corresponds to the high magnification box interval.
Therefore, when you get out of this section, you can enter a full-fledged position.
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(BTCKRW chart)
The next volatility period is around May 15th.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
-------------------------------------
The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D 1W chart)
(USDT.D 1D chart)
Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend.
BTC dominance remains on the uptrend and is expected to eventually rise above 50.
The rise in BTC dominance tells us that money is being concentrated in BTC.
In addition, it is not desirable to expand interpretation of the flow of BTC dominance because it is not helpful at all to proceed with actual transactions.
If you have checked the BTC dominance chart to see whether your current funds are concentrated in BTC or altcoins, you should check how your funds are flowing.
The flow of money can be seen by the movement of the USDT.D chart, i.e. USDT Dominance.
It can be interpreted that the decline in USDT dominance is highly likely to lead to a rise in the coin market.
Conversely, an increase in USDT dominance means that it is highly likely to lead to a decline in the coin market.
If you look at the 1M, 1W, and 1D charts of the USDT.D chart, you can see that they are receiving resistance at certain points and sections.
Therefore, USDT dominance is expected to decline unless it rises above this resistance point or section.
However, if it rises above 7.14-7.27, which corresponds to the resistance zone, and shows support, USDT dominance is expected to surge.
Therefore, it is necessary to check which side of the 6.85-7.27 section shown on the 1D chart is moving away from around May 16th.
-------------------------------------------------- ----
(BTCUSDT.P chart)
The pattern drawn on the 1D chart is a Head and Shoulders pattern.
So, if it falls below 26907.0-27486.4, I would expect a sharp decline.
If this is not the case and the price holds above 27486.4, it is expected to form a new trend.
Therefore, it is expected to rise above 32275.6.
A pattern can only be known when it is complete.
However, if you know in advance what the pattern will look like, you will be able to buy some time to respond.
No matter what pattern you make, the real pattern is after it has been completed, so you should be careful if you react in advance before the pattern is completed, as there is a possibility of double loss.
Therefore, the important thing in trading is split trading.
When the pattern is being completed, it is necessary to partially respond with a split transaction and leave room for the next response whether the pattern is completed or incomplete.
Otherwise, if you sell 100% in advance just because you see a head-and-shoulders pattern, you will feel great psychological anxiety every time the price rises, increasing the possibility of making a wrong decision.
If you sell 100%, it is better to stay away from the market for a while until the next wave begins.
Currently, a dip below 26907.0-27486.4 is required to complete the Head and Shoulders pattern drawn on the 1D chart.
If not, the Head and Shoulders pattern is incomplete.
If we look at the support and resistance sections without considering the pattern,
Section 27486.4-27976.1 is an important support section.
Therefore, if support is confirmed near the 27486.4-27976.1 section, it is possible to buy.
The primary target for this buy is near the 30181.8 point.
The reason is that the HA-High indicator on the 1D chart is formed at 30181.8.
In this way, when creating a trading strategy from a trading perspective or trend perspective, what you need to identify are support and resistance points or zones.
Create a trading strategy for support or resistance at these support and resistance points or zones.
If you proceed with trading according to the trading strategy created in this way, you will be able to escape the influence of your psychological state to some extent.
The biggest stumbling block in trading is your own state of mind.
This is because they believe that the success of trading is determined by the movement of charts and their psychological state caused by various articles and press announcements.
No matter how much the current trend is on the uptrend, if all you see, hear and say is negative, you will be able to trade.
As I said above, it is the flow of money that makes trading possible.
If you can tell whether money is flowing in or out of the investment market, you will have the power to trade according to the flow of that money.
The channel for the inflow and outflow of large funds in the coin market is USDT.
Therefore, if USDT is maintaining an upward trend, the coin market will maintain an upward trend.
Therefore, if the chart of the coin (token) you want to actually trade shows a decline while funds are continuously flowing in, then it is the time to buy.
These buying points can be made according to the support and resistance points.
What I have just said is about the big picture, the overall trading strategy.
How detailed a trading strategy you develop with this will be determined by your own state of mind.
(1h chart)
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
The interval 24294.1-30181.8 corresponds to the high magnification box interval.
Therefore, when you get out of this section, you can enter a full-fledged position.
------------------------------------------
(BTCKRW chart)
The next volatility period is around May 15th.
------------------------------
- big picture
This is the 81K-95K range that we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Kommentar:
You may think that chart analysis is the power to proceed with trading soon.
However, it is not.
Looking at today's BTC chart analysis, I think you will feel even more confused.
Therefore, in order to trade with chart analysis, you must prepare a basis for making a trading strategy by checking whether you are supported or resisted at the support and resistance points.
Otherwise, even if you analyze the chart with various analysis techniques such as today's BTC chart analysis, you will not be able to do anything in the end, that is, you will only end up in a state of added confusion.
Therefore, the part written as a trading point of view must be shown in chart analysis to enable trading through chart analysis.
However, it is not.
Looking at today's BTC chart analysis, I think you will feel even more confused.
Therefore, in order to trade with chart analysis, you must prepare a basis for making a trading strategy by checking whether you are supported or resisted at the support and resistance points.
Otherwise, even if you analyze the chart with various analysis techniques such as today's BTC chart analysis, you will not be able to do anything in the end, that is, you will only end up in a state of added confusion.
Therefore, the part written as a trading point of view must be shown in chart analysis to enable trading through chart analysis.
Kommentar:
(BTCUSDT.P chart)
Usually, when analyzing charts, you fall into several chart analysis patterns.
It is only when the pattern is completed that the pattern can be known.
Therefore, it is not good to predict in advance that a certain pattern will be completed just because it is seen.
The same goes for the Head and Shoulders pattern discussed in this article.
In order for the head and shoulders pattern to be completed, it must show a decline below the stop loss zone.
Otherwise, the Head and Shoulders pattern is not complete.
Therefore, I think that the head and shoulders pattern is complete only when the price declines below 26907.0.
In this way, the pattern is thoroughly trailing.
Thus, no pattern can escape from trailing.
I think it is a contradictory phenomenon to find a pattern according to the chart flow and trade according to the pattern without using various indicators on the chart as lagging.
It is only when the pattern is completed that the pattern can be known.
Therefore, it is not good to predict in advance that a certain pattern will be completed just because it is seen.
The same goes for the Head and Shoulders pattern discussed in this article.
In order for the head and shoulders pattern to be completed, it must show a decline below the stop loss zone.
Otherwise, the Head and Shoulders pattern is not complete.
Therefore, I think that the head and shoulders pattern is complete only when the price declines below 26907.0.
In this way, the pattern is thoroughly trailing.
Thus, no pattern can escape from trailing.
I think it is a contradictory phenomenon to find a pattern according to the chart flow and trade according to the pattern without using various indicators on the chart as lagging.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
Otherwise, if the uptrend is maintained, the loss is likely to be greater than the profit gained from the trade because it must be approached as a day trading trade that requires a quick response.
Therefore, when the BTC dominance 1D chart shows a decline below the MS-Signal indicator, I think it is good to check the altcoin chart.