readCrypto

Flow after the day trading period

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(DXY chart)
For several years, the world has overcome great adversity and is on a journey to return to normal life.

The fear of war still exists, but in another sense, I believe that the world will overcome it with the power to take a step forward.


Now is the time for all countries to overcome the final hurdle to return to normal life through economic austerity.

In order for us to survive in this international situation, we need the patience to continue investing somehow.


If DXY meets resistance around 105.664-106.416 and starts to decline, I think it will gain the strength to overcome this adversity.

If it rises further than that, the global economy is likely to enter a recession.

Even so, it is expected that the coin market will likely see a significant upward trend over time.


(USDT chart)
Even when it is time to realize profits, the change in funds flowing into the coin market is minimal.

This move means that the coin market is disconnected from the real world.

Once this profit realization period passes, the coin market is expected to begin a gradual upward trend due to new purchases.

Therefore, it is expected that the end of the day trading period that follows the profit realization period will signal the start of the long-awaited upward trend.

Therefore, it is not a good choice to trade coins (tokens) and hold them at a loss during day trading.

Therefore, if possible, it is recommended to trade with coins (tokens) that will be traded for the mid to long term even during day trading.

In this way, even if you incur a loss after purchasing, you will be able to achieve some degree of psychological stability, and you will also be able to reduce losses due to the holding period.


(BTCUSDT chart)
During the day trading period, BTC price movements become sluggish, so it is not easy to directly trade BTC.

So, during these day trading periods, we naturally turn to altcoins.


This phenomenon corresponds to investment periods with high funds or when people buy BTC or ETH.

Individual investments make purchases proceed smoothly by trading altcoins during day trading, making them pay less attention to BTC or ETH, whether they are making profits or losing money.

Following this phenomenon, it is also attractive to focus on purchasing BTC or ETH.

However, anxiety over not earning as much profit may increase, so these psychological problems must be managed well.

Therefore, it is important to select altcoins for mid- to long-term trading, make the first purchase, and achieve psychological stability by conducting day trading on these coins (tokens).


Once the day trading period ends, there will be significant volatility.

This large volatility can appear either upward or downward.

No matter how it appears, I think a full-fledged upward trend will begin after that.


Therefore, before a full-fledged uptrend begins, you must have spare funds, that is, cash.

This is because you can seize the last opportunity from the volatility that will come after day trading.

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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:
(USDC chart)
Unlike USDT, USDC has a smaller candle size.

At the finger points shown on the 1D chart, we can see that the candles on August 23rd, August 29th and September 6th have larger than usual candle sizes.

Accordingly, this can be seen as evidence that transactions have increased in the USDC market.

Coins (tokens) that can be traded on the USDC market are limited and are focused on BTC trading.

Therefore, it is believed that transactions of BTC or ETH are increasing.


In any case, it is not easy to pay attention to these movements because it is currently considered to be a period of day trading.


The key question is whether USDC can remain elevated above 26.14B.

This is because we believe that only then will a new trend be formed.

[Example of exchange chart setup]

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

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

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