Located in critical support and resistance zones
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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)
You need to see if it rises or falls while creating a gap on the USDT and USDC charts.
On the USDC chart, we see a candlestick being created after a long time.
It seems that many transactions have been made in the USDC market this time.
BTC dominance continues to decline.
That means that funds are concentrated on the altcoin side.
The question is whether USDT dominance can fall in the 7.86-8.25 range.
If it rises above 8.25, a significant pullback is expected.
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(BTCUSDT 1W chart)
The key is whether it can be supported around 20862.47 and rise above the HA-High indicator.
If not, you should check if it is supported around the HA-Low indicator.
(1D chart)
The key is whether you can rise with support near the 2nd section (19176.93-20050.02), which is an important support and resistance section.
When this is not the case and it falls, it is necessary to check whether the HA-Low indicator is rising and is about to be created.
This is because if the HA-Low indicator appears to be newly created, it is important whether it is supported near that point.
This is because the role of the HA-Low indicator is to indicate a low point.
Therefore, support near the HA-Low indicator means that it is likely to rise.
If it does not receive support and declines, it can be interpreted that it is likely to renew the recent low.
(1D chart where Source of Strength is Heikin Ashi's Close)
The RSI indicator associated with the HA-Low and HA-High indicators currently has a value of around 11.
Therefore, when the RSI rises above 30, the HA-Low indicator is likely to move.
If there is a decline in the 2nd zone, there is a possibility of a decline around the 3rd zone 17880.70 (the current maximum HA-Low indicator).
When and how to proceed with the purchase depends on each person's trading strategy and analysis, so proceed accordingly.
However, caution should be exercised as a trading strategy created after the price has declined is likely to lead the trade in the wrong direction.
In order to prevent the side effects of the trading strategy, I think it can be minimized by proceeding with split trading.
Also, if you follow the basic principles of trading, I think you can get away with some of the psychological anxiety caused by falling prices.
The basic principles of trading have been discussed previously, so we will omit them.
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(BTCKRW chart)
It should rise above 27317000 to see if it can be supported.
If not, you need to check if the price is holding around the downtrend line (2).
If the HA-Low indicator rises when the decline continues or moves sideways from the current price level, the key is whether or not there is support near that point.
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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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
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)
You need to see if it rises or falls while creating a gap on the USDT and USDC charts.
On the USDC chart, we see a candlestick being created after a long time.
It seems that many transactions have been made in the USDC market this time.
BTC dominance continues to decline.
That means that funds are concentrated on the altcoin side.
The question is whether USDT dominance can fall in the 7.86-8.25 range.
If it rises above 8.25, a significant pullback is expected.
---------------------------------------
----------------------------
(BTCUSDT 1W chart)
If not, you should check if it is supported around the HA-Low indicator.
(1D chart)
The key is whether you can rise with support near the 2nd section (19176.93-20050.02), which is an important support and resistance section.
When this is not the case and it falls, it is necessary to check whether the HA-Low indicator is rising and is about to be created.
This is because if the HA-Low indicator appears to be newly created, it is important whether it is supported near that point.
This is because the role of the HA-Low indicator is to indicate a low point.
Therefore, support near the HA-Low indicator means that it is likely to rise.
If it does not receive support and declines, it can be interpreted that it is likely to renew the recent low.
(1D chart where Source of Strength is Heikin Ashi's Close)
The RSI indicator associated with the HA-Low and HA-High indicators currently has a value of around 11.
Therefore, when the RSI rises above 30, the HA-Low indicator is likely to move.
If there is a decline in the 2nd zone, there is a possibility of a decline around the 3rd zone 17880.70 (the current maximum HA-Low indicator).
When and how to proceed with the purchase depends on each person's trading strategy and analysis, so proceed accordingly.
However, caution should be exercised as a trading strategy created after the price has declined is likely to lead the trade in the wrong direction.
In order to prevent the side effects of the trading strategy, I think it can be minimized by proceeding with split trading.
Also, if you follow the basic principles of trading, I think you can get away with some of the psychological anxiety caused by falling prices.
The basic principles of trading have been discussed previously, so we will omit them.
-------------------------------------------
(BTCKRW chart)
If not, you need to check if the price is holding around the downtrend line (2).
If the HA-Low indicator rises when the decline continues or moves sideways from the current price level, the key is whether or not there is support near that point.
------------------------------
- big picture
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:
USDT and USDC are again moving in opposite directions.
I think that shows that the market situation is confusing.
Since USDT has a great influence on the coin market, we believe that a trading strategy tailored to the flow of USDT is necessary.
I think that shows that the market situation is confusing.
Since USDT has a great influence on the coin market, we believe that a trading strategy tailored to the flow of USDT is necessary.
Comment:
It seems that there is a movement of funds due to the USDC issue.
A move from USDC to USDT is expected to occur.
More detailed changes will likely be revealed only after today's candlestick closes.
As I said before, USDT has a great influence in the coin market.
Therefore, if USDT does not gap due to USDC movement, the coin market is expected to show an uptrend in the near future.
It seems that there is a movement of funds due to the USDC issue.
A move from USDC to USDT is expected to occur.
More detailed changes will likely be revealed only after today's candlestick closes.
As I said before, USDT has a great influence in the coin market.
Therefore, if USDT does not gap due to USDC movement, the coin market is expected to show an uptrend in the near future.
Comment:
(WBTCBTC chart)
What the hell is going on???
Comment:
Dancing Top Stablecoins
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[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
If you touch 5EMA, we will tell you about entering a position that requires a quick response.