My interpretation of the superTrend indicator
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I think the superTrend indicator is a good indicator for checking trends.
Also, when the superTrend indicator shows a horizontal line, it can act as support and resistance, so I think it is an even better indicator.
However, it is difficult to use it in trading by adding it to the chart.
Therefore, I think it is one of the indicators that is not used much when actually trading.
In my chart, it is used to construct the BW indicator, but this is the reason why it is not displayed near the actual price chart.
The superTrend indicator creates a buy line and a sell line.
When the buy line forms a horizontal line, it can be interpreted as a buying period if it shows support.
On the other hand, when the sell line forms a horizontal line, it can be interpreted as a selling period if it shows resistance.
However, when the buy line or sell line is created by breaking, it can be used as an opposite concept.
Therefore, when the buy line -> sell line changes, it should be interpreted as a loss-cutting period.
On the other hand, when the sell line -> buy line changes, it should be interpreted as an (aggressive) buying period.
Therefore, when the lines intersect, you should draw a separate horizontal line and create a response strategy.
As explained above, you can see that there are two ways to interpret the supperTrend indicator.
Therefore, you should look at how the buy line or sell line is created.
You should look at whether the buy line or sell line is connected by a line or created by intersecting each other, and create a response strategy accordingly.
It is also better to use the superTrend indicator with other indicators rather than using it alone.
In my chart, I recommend looking at it with the MS-Signal indicator (M-Signal on 1M, 1W, and 1D charts).
The reason is that the superTrend indicator is also a trend indicator.
If you use the MS-Signal indicator, you may wonder if you really need to use the superTrend indicator, but I think it is worth using because the superTrend indicator also has areas that play the role of support and resistance.
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#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
-----------------
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
I think the superTrend indicator is a good indicator for checking trends.
Also, when the superTrend indicator shows a horizontal line, it can act as support and resistance, so I think it is an even better indicator.
However, it is difficult to use it in trading by adding it to the chart.
Therefore, I think it is one of the indicators that is not used much when actually trading.
In my chart, it is used to construct the BW indicator, but this is the reason why it is not displayed near the actual price chart.
The superTrend indicator creates a buy line and a sell line.
When the buy line forms a horizontal line, it can be interpreted as a buying period if it shows support.
On the other hand, when the sell line forms a horizontal line, it can be interpreted as a selling period if it shows resistance.
However, when the buy line or sell line is created by breaking, it can be used as an opposite concept.
Therefore, when the buy line -> sell line changes, it should be interpreted as a loss-cutting period.
On the other hand, when the sell line -> buy line changes, it should be interpreted as an (aggressive) buying period.
Therefore, when the lines intersect, you should draw a separate horizontal line and create a response strategy.
As explained above, you can see that there are two ways to interpret the supperTrend indicator.
Therefore, you should look at how the buy line or sell line is created.
You should look at whether the buy line or sell line is connected by a line or created by intersecting each other, and create a response strategy accordingly.
It is also better to use the superTrend indicator with other indicators rather than using it alone.
In my chart, I recommend looking at it with the MS-Signal indicator (M-Signal on 1M, 1W, and 1D charts).
The reason is that the superTrend indicator is also a trend indicator.
If you use the MS-Signal indicator, you may wonder if you really need to use the superTrend indicator, but I think it is worth using because the superTrend indicator also has areas that play the role of support and resistance.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#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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