Additional indicator to be used after the ATH update(StErr Line)

29. Okt.

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(BTCUSDT 1W chart)

Since it has not risen above 73777.0, it has not yet updated the ATH.

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(BTCUSDT 1D chart)

If the price maintains above 71280.01, it is expected that there will be an attempt to update the ATH again.

From the current price position, it seems that it will have to fall below 67414.39-68393.48 to turn into a short-term downtrend.

However, if it falls below 70148.34, I think it is necessary to take preemptive action to split it.

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When the ATH is renewed, it is like being in an unknown world, so it is difficult to predict with chart analysis.

Therefore, in order to know the movement after the ATH is renewed, you have no choice but to use various indicators or chart tools to predict.


For this, the Linear Regression Channel that I mentioned earlier was explained.

Today, I will explain the StErr Line indicator, which is newly added to the HA-MS indicator.

The StErr Line indicator (Standard Error Line) is the baseline of the indicator that forms a band using the Linear Regression formula.

If the price is above the StErr Line indicator, it is likely to continue the upward trend, and if the price is below, it is likely to continue the downward trend.

You can use the StErr Line indicator together with the BW (0) and BW (100) indicators to determine the trading point.

The BW (0) and BW (100) indicators are generated when the BW indicator in the auxiliary indicator touches and breaks away from the 0 or 100 point.

Therefore, it allows you to identify the low or high point range.

The Linear Regression Channel or StErr Line indicator is a tool for chart analysis, but if you use it with support and resistance points, you can use it to create a trading strategy.

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Have a good time.
Thank you.

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- The big picture

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

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

#BTCUSD 12M

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

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

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

#BTCUSD 1M

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

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30. Okt.

Anmerkung

#BTCUSDT 1D

As the price rises, the StochRSI indicator is showing signs of entering the overbought zone.

However, since the StochRSI EMA indicator is located at the 50 point, I think there is a high possibility of further increase.

Since the BW indicator did not touch the 100 point with this increase, we need to check whether the BW indicator touches the 100 point again when it rises.

If it continues to fall, I think it is important to check whether there is support near the StErr Line indicator, that is, near 71280.01.

#1h

If the decline progresses, we need to check whether it can touch the 5EMA on the 1D chart and rise.

Since the StErr Line on the 1h chart is formed at 72536.16, you can conduct day trading based on whether there is support based on this point.

A good time to conduct day trading is when you touch the 5EMA on the 1D chart and the M-Signal indicator on the 1D, 1W, and 1M charts, and check whether there is support at the support and resistance points around it.

Day trading requires a short and quick response.