readCrypto

Pay attention to the future impact of USDT volatility

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

** 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.

-------------------------------------

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)

The Market Cap charts (USDT, USDC, BTC.D, USDT.D) introduced above are charts that give you a rough idea of the flow of funds in the coin market.

The most important of these is the movement on the USDT chart.

USDT is one of the stablecoins supported by all exchanges around the world.

That means that there are quite a few exchanges supporting the USDT market.

Funds flow in and out of the coin market through USDT and USDC.

In particular, the rise and fall of USDT has a great influence on the flow of funds in the coin market.

The volatility of USDT is likely to have a large impact on the coin market, so it is necessary to look carefully.


Thus, by analogy with roads,
USDT and USDC mean road width.
The larger the road width, the more cars can pass at the same time.
Therefore, USDT and USDC should keep rising while creating a gap.
If you look at the USDT 1M chart, you can see that it has risen to the previous high.
So, you can see that the funds have mostly been recovered.


The BTC.D, USDT.D chart is like the speed of a car.
No matter how fast the cars are, if the road width is narrow, the cars will inevitably slow down due to congestion.

Therefore, in the big picture, it can be seen that USDT and USDC are ahead of BTC.D and USDT.D.


We are sensitive to all kinds of articles and announcements and use them to predict the coin market.

However, nothing can be done with just these articles and announcements.

Therefore, rather than that, you should check how your funds are moving and proceed with transactions in the direction in which your funds are moving.

Since the flow of funds may show different movements such as articles or announcements, it will be of great help in actual trading.


Therefore, it is more important to check the movement of funds than the announcement of economic indicators.


As mentioned above, USDT has almost recovered its previous fund size.

In other words, you have the money you need to rise.

This should not be overlooked.

---------------------------------------

(BTCUSDTPERP chart)


(1D chart)
It is necessary to check whether there is movement outside the maximum range of 25882.9-30000.5.

To do so, it is important to be supported and able to rise around 27656.1.


The MS-Signal indicator is designed to see trends.

Therefore, if the price is above the MS-Signal indicator, it is likely to continue its uptrend.

As the price moves sideways, we expect it to cross over with the MS-Signal indicator before long.

At this time, the trend may change depending on whether it is supported or resisted, so you need to keep an eye on the movement.


If it falls below 27102.7-27656.1, you should touch the uptrend line (1), near the M-Signal on the 1M chart and see if it can rise.


As I said in the Market Cap chart description above, USDT is almost back in its fundraising state.

Therefore, if the price is maintained in the current section, it is expected to rise above 30000.5.


The important thing in chart analysis is the trend.

However, it is the points of support and resistance that are important to any trading strategy.

No matter how well you match the trend, you should spend more time creating a trading strategy because if you don't create a good trading strategy, you will most likely fail the trade.

trading strategy
1. Investment period
2. Investment scale
3. Transaction method and profit realization method
Must be made according to #1-3 above.



(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.


You are currently walking sideways in 'L2', 27656.1-27347.5.

However, since the full-fledged position entry range is 26907.0-28951.7, it is expected that a trend will be formed only when it is out of this range.

Therefore, the 26907.0-28951.7 section is a box section with high leverage.


If you touch the M-Signal indicator on the 1D chart, volatility is expected to occur, so be careful when trading.


- Full-fledged 'LONG' position (black letters)


- Full-fledged 'SHORT' position (black letters)

-------------------------------------------

(BTCKRW chart)
The question is whether the price can sustain its rise above 37585000.

If not, you need to check if the price stays around 36412000.

The next volatility period is around April 17th.

------------------------------

- 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.

-------------------------------------------------- -------------------------------------------

** 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.

---------------------------------
Comment:
BTC analysis can be a little difficult, so I will give you a supplementary explanation.

I think it is in a state of recovery as funds flow into the coin market.

Although, looking at the USDC chart, I think this is not the case, but since USDT has a great influence on trading, it is better to think in line with the USDT chart flow.

However, there is a possibility that the range of increase may be limited or a sharp drop may occur due to the decline of USDC.

However, if USDT maintains an upward trend, the coin market will eventually rise, so if the rise is limited or there is a sharp decline, then I think it is a great opportunity to buy.

Therefore, as mentioned before, it is recommended that you proceed with the purchase by deciding on a split purchase method that suits you.

Currently, BTC is moving sideways, so this can be considered as one of the limiting ranges mentioned above.
Comment:
Previous trading strategy valid
Comment:
The newly created volume profile point on the 1M chart mentioned in the BTCUSDT chart analysis is 28454.9.

Therefore, it is possible to enter when it is supported near 'L2', which is the entry section for the 'LONG' position that requires a quick response, and rises above 28454.9 to show support.

A volume profile section is being formed around 28454.9, so if it fails to break through the upward trend with a rapid upward trend, it is highly likely that it will fail to rise, so you need to think about countermeasures against this.

Therefore, in order to enter the 'LONG' position, I think it is better to confirm the support in the section 28347.5-28951.7, which corresponds to entering the 'LONG' position in earnest, than to enter the 'LONG' position, which requires a quick response.


Since the M-Signal indicator on the 1D chart rose to around 27656.1, volatility is likely to occur while touching the M-Signal indicator.

Therefore, when entering the 'SHORT' position, it is recommended to check the resistance by falling below 26907.0.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.