readCrypto

Introducing another way to display volume profile sections

Education
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders!

If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.

-------------------------------------


The indicators activated in the settings are those created by trading volume.

Therefore, this indicator represents the volume profile section.


The indicator that the arrow points to is the indicator I mentioned earlier.


By looking at this indicator together with volume candles, you can more clearly identify the volume profile section and support and resistance sections.


In addition, you can verify the start of trading by checking the movement of the BW indicator, which consists of five indicators, namely MACD, StochRSI, CCI, PVT, and superTrend indicators.

BW-MACD, BW-StochRSI, BW-CCI, BW-PVT, and BW-superTrend indicators are displayed separately to help you understand the indicators.


Once your trading timing has been selected, you need to create a trading strategy that suits your investment style.

What is important in creating a trading strategy that suits your investment style is the investment period and investment size.

Once the investment period and investment size have been decided, you must create a trading method and profit realization method using the information obtained from chart analysis.

Trading methods include buying, selling, and stop loss methods.

The purchase method should focus on how to lower the average purchase price by purchasing in installments.

At that time, when the price falls below the stop loss point and shows resistance, you need to think about how to proceed with selling.

When taking a stop loss, you must proceed according to the investment period you have set.

For example, if you decide to trade within one wave as a short-term trade and proceed with the trade, but the price falls below the stop loss point, you should be able to sell 100% and then watch the situation.


If the price rises after purchasing, you must proceed with selling according to the selling method.

The selling method must also be carried out according to the investment period.

However, the method of increasing the number of coins (tokens) corresponding to profit by selling the amount equal to the purchase amount can be continued into mid- to long-term trading even if the transaction was done through day trading or short-term trading.

The reason is that the average purchase price of coins (tokens) corresponding to profits is 0.


If you add other indicators to help you conduct split transactions based on price fluctuations, the chart will look like the one above.

If the chart is unfamiliar to your eyes,
It is recommended to view only the HA-Low, HA-High indicators and the M-Signal indicators of the 1D, 1W, and 1M charts.


Have a good time.
thank you

--------------------------------------------------

- The big picture
A full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.


#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.

Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.

#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55

-----------------

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.