readCrypto

The next period of volatility is around March 20

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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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 1W chart)

(USDT.D 1D chart)


While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down.

It is unknown if funds are moving from USDC to USDT due to the issue with USDC, but the rising trend of USDT is expected to drive the coin market upwards.

However, the continued decline of USDC may limit the rise of the coin market.


We are passing through a period of volatility on the BTC.D chart.

This period of volatility runs through March 17th.

We need to see if it stays above 45.68 during the volatility period.

If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year.

If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures.

We believe this move is likely to continue until BTC reaches around 45K.


It fell back to the 6.85-7.27 range on the USDT.D chart.

So, the question is whether we can start a decline below 6.21.

Otherwise, if it rises above 7.27, the coin market is expected to decline again.


Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.

Therefore, we expect the move around March 16th to be a prelude to volatility.

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The amount shown on the 1D chart is written as an example of one of the split trading methods.

I think BTC below 29K is a buying zone for next year's bull market.

Therefore, if you do not know how to proceed with the split purchase, it can be interpreted as meaning that you can proceed with the split purchase while increasing the proportion of your investment whenever the price decreases.

Therefore, you can determine the proportion of the split amount according to the size of your investment.

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(BTCUSDT 1W chart)
The key is whether it can rise above the M-Signal on the 1M chart.

If not, you should check if it is supported near the HA-High indicator.

This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the mid- to long-term upward trend.

If it declines, it is likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator.

However, you need to make sure it is supported around 20862.47 which is the support and resistance point.



(1D chart)
Supported around 24376.02,
1st : More than M-Signal of 1M chart
2nd: 28923.63 or higher
You need to make sure that the price can be maintained by rising 1st, 2nd or more times.

If it falls below 22487.41,
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
3rd: 17880.71 (up to 16.7K)
It is necessary to check whether it is supported in the 1st to 3rd sections.


As I said yesterday, we are currently checking the volume profile after the price surge.

This confirmation is expected to hold unless there is a drop below 24113.88.


The HA-High indicator is passing near the 24113.88 (close of the 13th of March candle).

Therefore, if the price holds above the HA-High indicator, it is likely to break the recent highs.


If it falls from the 24113.88 point (HA-High indicator), it is highly likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator, so you need to think about countermeasures.


From the short-term (1D) and mid- to long-term (1W) perspectives, it seems that we are ready to continue the uptrend.

However, I don't think it is ready to continue the uptrend from a long-term (1M) perspective.

Therefore, the wiggle for this is expected to continue.

From a trending point of view, in order to continue the long-term uptrend, the price must maintain the price by moving above the M-Signal on the 1M chart.

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(BTCKRW chart)
The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart.

If not,
1st: around 31468000
2nd: around 29218000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

The next period of volatility is around March 29th.

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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:
(BTCUSDTPERP 1h chart)

Full-fledged 'LONG' position
Entry: Around 25882.9
1st: Around 27102.7
2nd : 28951.7-30000.5
Transaction closed: 32275.6


Full-fledged 'SHORT' position
Entry: around 24294.1
1st: 22421.2-23129.6
2nd: 20984.7-21826.1
3rd : 19411.7-20122.5
Transaction close: 17864.7

However, if it fails to fall below 5EMA or M-Signal, it is recommended to preserve profits by selling some or closing the trade.


If you touch 5EMA on the 1D chart, I will tell you about entering a position for quick response.
Comment:



BTC dominance is rising above 45.68.

Therefore, if you maintain this trend and rise above 29K, there is a possibility that a strange market will be formed where only BTC rises.

As BTC rises, it is expected that the number of coins (tokens) maintaining an uptrend among altcoins will gradually decrease.


If USDT continues to rise, the coin market is likely to maintain an upward trend.

However, if USDC creates a gap and maintains a downward trend, the coin market may limit the rise, and there is a possibility of a sharp decline due to bad news for stable coins, so be careful.

So, rather than chasing buys, you need to think hard about how to buy support and resistance points.
Comment:
(BTCUSDTPERP 1h chart)
The 24294.1-25882.6 section is the box section for those who trade using high leverage.

Therefore, those who trade with low arrays should check if there is a movement out of this range and enter it.

[Example of exchange chart setup]

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

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