Studying candles? Support and resistance? 26101.77-26189.99

9 Eyl 2023

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(USDT 1D chart)

I think a lot of trading is taking place because the size of the candle has not yet returned to its previous size.

However, as the gap rises and touches around 83.475B, it can be seen that new funds have flowed into the coin market.

It is unknown whether this influx of new funds has been used now or will be used in the future.


(USDC 1D chart)

It is necessary to confirm whether USDC can maintain a gap rise above 26.212B and trigger a trend reversal.

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(BTCUSDT 1D chart)

It is easy to see that a trend is formed with three candles.

However, the importance varies depending on where these three candles are located, that is, at which support and resistance points are located.

Therefore, you can consider that your study of candles is virtually complete by studying how the patterns of three candles form a trend.


Then, what you need to focus on is how to find support and resistance points.

If you have studied candles to some extent before studying support and resistance points, this is something you will naturally understand.

So, rather than studying support and resistance points in depth, we proceed directly to studying auxiliary indicators.

However, rather than studying secondary indicators, it is better to study support and resistance points more deeply.

If you study secondary indicators without having established the concepts of candles, moving averages, support and resistance, there is a high possibility that you will get stuck in that rut and eventually give up on studying charts.


Currently, BTC has fallen below 26101.77.

Therefore, if it falls below 25615.38, the low of the third candle, it is likely to show a downward trend.

However, there is a possibility that it will receive support and rise around 24800.0-25166.00, which is indicated as the previous low point, so a response is necessary.



If the price maintains by rising above the 26101.77-26189.99 range or the MS-Signal indicator, it is expected to rise to around 28797.1.

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- The big picture

The 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.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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