readCrypto

Rise to critical stop-loss zone

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.

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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.

(USDT chart)

(USDC chart)

(BTC.D chart)

(USDT.D chart)

USDT chart has changed.

It is showing a completely different picture from USDT's previous chart (www.tradingview.com/x/QXxuQ6Fx/), but it seems to be maintaining an uptrend.

USDC has been showing signs of stopping its decline and moving sideways since around April 3rd.

As a result, BTC rose above 29K.


You have to look at the market thinking that BTC dominance will rise.

An increase in BTC dominance means that funds will be concentrated towards BTC.

Therefore, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline.


On the USDT dominance chart, you need to see if it can fall below the downtrend line (2) and uptrend line (1).

If not, USDT dominance is expected to show an uptrend.

Therefore, we need to keep a close eye on movements that deviate from the 6.85-7.27 range.

On the USDT dominance chart, we need to see if we can find resistance by falling below the uptrend line (1) around April 12 (April 11-13).

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(BTCUSDTPERP chart)


(1D chart)

It broke above the 28454.9 point, the volume profiel point being created on the 1M chart.

Accordingly, the key is whether it can be supported in the 28951.7-30000.5 section and rise above 32275.6.

If it rises around 32275.6 and then falls below 28951.7, the stop loss at 28951.7 will be.

We must not forget this.


The 32275.6-37243.4 section is an important support and resistance zone where the full-scale uptrend begins.

Therefore, a rise above the 32275.6-37243.4 range means that the uptrend for next year's BTC halving has begun.

However, since it can be seen that a full-fledged uptrend has begun when it rises above the point of the HA-High indicator on the 1M chart, I think it is highly likely that the HA-High indicator will fall.

Therefore, it is necessary to think that an up and down swinging section will be formed and to think about countermeasures.



(1h chart)
The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above.

In this story, whether BTC goes up or down is not the focus.

Therefore, you should not view and interpret this content with a mid- to long-term perspective.


As it rose above 28951.7, the entry into the 'LONG' position began in earnest. (black text)

In addition, as it rose above 28454.9, the 'LONG' position, which required a quick response, began entering. (red text)

Therefore, no matter which trading method you trade, the important point when trading with a 'LONG' position is around 32275.6.


If it fails to rise and falls and touches 5EMA on the 1D chart, it is better to sell some or close the trade and watch the situation.

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(BTCKRW chart)
You need to keep the price above 37585000 and see if it can rise above 40674000-43761000.

The next volatility period is around April 17th.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

This is the 81K-95K range that we expect to touch in the next bull market.

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

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

** This is a chart created with my know-how.

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Comment:
Rising above 28951.7, a full-fledged 'LONG' position is in progress.

A 'LONG' position that requires a quick response, initiated around 'L2', 28454.9, is also in progress.

So, no matter what trading strategy you hold your position on, if you touch 5EMA on the 1D chart, it is a good idea to sell some or close the trade to check the situation.


The closing point for the 'LONG' position, which requires a quick response, is around 32275.6.

Therefore, when it rises around 30981.3-32275.6, it is necessary to keep an eye on the market trend.
Comment:
(BTCUSDT.P 1h chart)
The trading strategy for previous positions is valid.

However, if you touch 5EMA on the 1D chart, it is recommended to sell some or close the trade and check the situation.
Comment:
Moving sideways around 30000.5, the 5EMA on the 1D chart is rising near 30000.5.

Therefore, volatility is expected as it touches 5EMA.

If you touch 5EMA, you need to sell some or close the trade and check the situation.

When you touch the 5EMA on the 1D chart, we will give you a new trading strategy for entering positions that require quick response. (red text)


The M-Signal indicator on the 1D chart is also rising around 28454.9.

We will tell you about the new trading strategy for full-fledged position entry by touching the M-Signal on the 1D chart. (black letters)
Comment:
While touching the vicinity of 30971.3
- T2 of 'LONG' position trading strategy that requires quick response (red text)
- T1 of full-fledged 'LONG' position trading strategy (black text)
Touched the target point above.

When you touch 5EMA on the 1D chart, trading strategies that require quick response are initialized.
Comment:
(1D chart)
The HA-High indicator on the 1D chart is about to be created at 30181.8.

Therefore, when the HA-High indicator is created at 30181.8, it is necessary to check whether it is supported around 30181.8.


(1h chart)
The 5EMA on the 1D chart is located near 30181.8, so we expect to touch it sooner or later.

When touched, it is recommended to close the existing 'LONG' position or sell part of it to preserve profits.


If you touch 5EMA on the 1D chart, the existing position strategy that requires quick response is discarded.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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