Explain charts only with objective informationBitcoin / TetherUSBINANCE:BTCUSDTreadCrypto Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Have a nice day today. ------------------------------------- The reason for using the chart as an indicator is to maintain the objectivity of the explanation. This is because objective information about why something was explained that way can be useful when passed on to others. Indicators only provide objective information, but how to use them to explain is up to the explainer. In that sense, I am trying to objectively explain objective information. If the HA-Low indicator and the DOM(-60) indicator meet and receive support, it is time to buy. The reason is that the HA-Low indicator and the DOM(-60) indicator appear in the low range. In other words, it is an indicator that is created when the price shows signs of turning from falling to rising, so this is the time to focus on finding the right time to trade. The HA-Low indicator appears when certain conditions are met when the Haikinashi candle shows signs of an upward turn. If the HA-Low indicator forms a horizontal line after it is created, the horizontal line acts as support and resistance. The DOM(-60) indicator is a comprehensive evaluation of the DMI indicator + OBV indicator + MOMENTUM indicator. Therefore, the DOM(-60) indicator appears at the point where the upward transition begins (Close). Therefore, it is not easy to proceed with trading immediately when the actual DOM(-60) indicator is generated. As mentioned above, the HA-Low indicator is an indicator that appears only when the conditions on the Hikinashi chart are met, so the creation of the HA-Low indicator means that it is a point corresponding to the average value of the low point. Therefore, in most cases, the HA-Low indicator is created after the DOM(-60) indicator is created. So, it can be said that it is time to buy when it shows support in the DOM(-60) ~ HA-Low range. - The reason for using the Price Channel indicator is that when the Price Channel indicator forms a horizontal line, it can be used as support and resistance points. By changing the formula of the existing Price Channel indicator, the Price Channel indicator is not created when volatility occurs at high or low points. Therefore, if the Price Channel HH indicator disappears and then reappears, you should interpret that there is a possibility of resistance at that point and think about how to respond. The Price Channel HH indicator was created until July 9th, then disappeared, and was created on July 12th, showing a diagonal line. Therefore, we need to see if we can find support around the 63925.82 point. However, since the Price Channel HH indicator was created, there is a high possibility that it will face resistance and fall, so you need to think about a response plan. Looking at the 15m chart, the HA-Low indicator is formed around the 63925.82 point, so if it is supported and rises around this point, it is likely to basically lead to an attempt to rise near the HA-High indicator. What you need to think about here is that in order to continue the upward trend at an important point or section, the following conditions must be met. 1. The StochRSI indicator must show an upward trend without entering the overbought zone. 2. The OBV indicator must remain above the High Line. 3. The BSSC indicator must remain above the 0 point. Therefore, if the 63925.82 point is an important point, the above conditions must be met to continue the upward trend at this point. The above does not include the author's subjective thoughts. Although the indicators were explained as is, I think the chart analysis and interpretation were carried out naturally. When analyzing or interpreting a chart like this, you should not try to explain it by including your subjective thoughts. In that case, there is a possibility that the person who will listen to the explanation may misinterpret it when analyzing and explaining the chart to another person, and the analysis and explanation will ultimately reduce the credibility of the person who first explained the chart analysis. Therefore, when analyzing and interpreting charts to others, you must exclude your own subjective thoughts based on the most objective information. Usually, when analyzing or interpreting a chart, the conclusion section mentions an article or issue about that coin (token) or item and the subjective thoughts that interpret it, thereby reducing the weight of the aforementioned chart analysis or interpretation, and ultimately only highlighting what was said in the conclusion section, which often causes others to misunderstand. - When publishing an idea on TradingView, the main text uses objective information from the chart to analyze the chart and provide commentary. Also, I think it would be a good idea to attach it as an Add Note and describe your subjective content. Then, when other people see your ideas, I think there will be less chance of misunderstanding. - Thank you for reading until the end. I wish you a successful transaction. --------------------------------------------------