readCrypto

Market led by ETH: Short-term rise

readCrypto Mod Updated   
INDEX:BTCUSD   Bitcoin
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#BTCUSDT 1M
If the price holds above 38745.63, the RSI indicator is expected to rise into the overbought zone.

Accordingly, it is necessary to check whether it will continue to rise and touch the HA-High indicator, or whether it will shake up and down and a new HA-High indicator will be created.

Since it is a 1M chart, we expect to find out in February next year.

#BTCUSD 1M
I think around 43K is the maximum rising range due to this wave.

However, depending on the Fibonacci ratio, there is a possibility of temporarily touching the 44234.54-48229.91 range.

#BTC.D 1M
The reason is that BTC dominance has not risen above 61 yet.

If BTC dominance falls around 53, there is a possibility of creating a small bullish market, but I don't think it will ever be able to create a large bullish market.

Accordingly, there is a possibility that a strange market may be formed in which only BTC rises in order for BTC dominance to rise.

#ETHUSDT 1M
I believe that ETH's temporary lead rise was caused by ETH-related issues (ETFs).

A market that is not led by BTC will likely end up with a short rally.

Accordingly, you should carefully observe BTC's price movements.

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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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Comment:
(BNBUSDT.P chart)

(1W)
In order to rise to the 323.02-353.12 range, many support and resistance points must be broken.

Accordingly, it is expected that there will be a lot of shaking.

(1D)
The key is whether the price can be maintained by rising above 243.32-247.68.

To do that, we need to check whether it can rise above 233.80.

(1h)
A box section is formed between 236.33-272.42.

Accordingly, the key is whether you can break the box section by shaking it.
Comment:
(XRPUSDT.P chart)

(1W chart)
If the price holds above 0.7045, a sharp rise is expected.

(1D chart)

(1h chart)

(The key is whether the four-year cycle pattern can be continued)
tinyurl.com/yv588xef

(4년 주기 패턴을 이어질 수 있는지가 관건)
tinyurl.com/yu3vybw5


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