Check if price can hold above M-Signal indicator on 1D chart

kelmarin

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I failed to register a modified indicator of StochRSI indicator on TradingView alone, so I added it to the existing OBV by readCrypto indicator.

From the top of the indicator setting window to the bottom
1. OBV indicator of Low Line ~ High Line channel
2. PVT-MACD oscillator indicator
3. StochRSI indicator
They are registered in the order above.

Since the values ​​used are all different, you should activate and use one indicator.

Please check the chart above.

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(BTCUSDT 1D chart)

It is showing a downward trend as it failed to rise above the HA-High indicator (108316.90) on the 1D chart.

It is currently checking whether there is support near 107340.58, which is the StochRSI 50 indicator point.

If it fails to receive support and falls, it is expected to fall to around 104463.99.

The 104463.99 point is the DOM (60) indicator point of the 1W chart, which corresponds to the end of the high point on the 1W chart.

Since the StochRSI 20 indicator point is formed near the 104463.99 point, its importance can be considered high.

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Since the M-Signal indicator of the 1D chart is passing near 106133.74, there is a possibility of volatility when touching this area.

Since the volatility period begins around July 2 (July 1-3), it is necessary to keep an eye on the current movement.

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However, the key is to buy near the HA-Low indicator and sell near the HA-High indicator, so the current movement may be natural.

This volatility period is expected to last until around July 10 (July 9-11), so be careful when trading to avoid being fooled by fakes.

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- ​​The StochRSI indicator is showing signs of transitioning to a state where K < D.

- The PVT-MACD oscillator indicator is showing signs of decline.
- The OBV indicator of the Low Line ~ High Line channel is showing signs of decline in the High Line.

Therefore, if you look at the indicators, they are showing signs of decline overall.

However, if the OBV rises above the High Line, the price will show signs of rise.

Therefore, we need to observe the movements of the indicators while checking whether there is support at the StochRSI 50 indicator point.

Basically, the time to make a purchase is when it shows support near the DOM (-60) ~ HA-Low indicator.

If you want to make a purchase outside of that, you should not forget that a short and quick response is required.

The indicators that tell you the high point are HA-High, DOM(60) indicators.

In addition, there are StochRSI 80 and StochRSI 20 indicators that require quick response.

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Thank you for reading to the end.

I wish you successful trading.

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- ​​Here is an explanation of the big picture.

(3-year bull market, 1-year bear market pattern)

I will explain the details again when the bear market starts.

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kelmarin

Nota

You may feel that it is not much different from the existing StochRSI indicator, but it has the advantage of having fewer fakes than the existing StochRSI indicator.

semalam

Dagangan aktif

#BTCUSDT

This volatility period is likely to last until July 11th.

However, the first period of this volatility period is expected to end on July 3rd.

The volatility ranges that can be seen in the StochRSI indicator are:
- When falling in the overbought range,
- When reaching around the 50 point,
- When rising in the oversold range,

Volatility is likely to occur in the above cases.

The OBV indicator of the Low Line ~ High Line channel shows that the Low Line ~ High Line channel is trying to form a downward channel.

Accordingly, the price is likely to maintain an upward trend if the OBV rises above the High Line and is maintained.

In other words, we need to check whether the Low Line ~ High Line channel is turning into an upward channel.

Since the PVT-MACD oscillator is above the 0 point but is showing a downward trend, we need to check whether there is a change in the trend.

Since the HA-High indicator point on the 1D chart is formed at 108316.90, the price must be maintained above 108316.90 in order to continue the uptrend.

Therefore, it is expected that the uptrend will begin when it shows support in the 108316.90-111696.21 range.

If it fails to rise above 108316.90 this time, it will eventually meet the M-Signal indicator on the 1W chart.

semalam

Nota

If you look closely at the positions of the DOM(-60) indicator and the HA-Low indicator, and the HA-High indicator and the DOM(60) indicator, you can get some help in predicting trends.

That is, the DOM(-60) indicator is more likely to play a support role when it is located below the HA-Low indicator.

The DOM(60) indicator is more likely to play a resistance role when it is located above the HA-High indicator.

It is difficult to say that this correlation can necessarily predict trends, but you can confirm the high probability of support and resistance.


The length of the horizontal line must be more than 5 candles for the indicator to properly play the support and resistance roles.

Otherwise, the support and resistance roles may be weak.