Check whether the HA-High indicator of the 1D chart is created
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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 1W chart)
(USDT.D 1D chart)
It seems that funds are continuously flowing into the coin market through USDT.
Therefore, the coin market is likely to remain on the uptrend.
However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur.
Any such restrictions or plunges are expected to serve to increase new buying.
BTC dominance touches around 48.80 and is declining.
The next period of volatility is around April 27th and we need to see if it touches around 46.76 and rises along the uptrend line.
The decline in BTC dominance can be interpreted as money being concentrated towards altcoins.
At this time, it is important to check whether BTC is supported or resisted at support and resistance points.
If USDT dominance declines, the coin market as a whole is likely to show an uptrend.
Whether it is an uptrend led by BTC or an altcoin can be known only by checking the movement of BTC dominance together.
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(BTCUSDT chart)
The volatility periods shown on the chart are formed by support and resistance points and the intersections of the trend lines.
Support and resistance points are formed by the indicators supported on this chart, and trend lines are formed by the StochRSI indicator.
For example, the volatility period around April 23 shown on the 1D chart marks the intersection of the support and resistance points on the 1W chart at 26574.53 and the uptrend line drawn on the 1W chart (1).
Most of the time when we talk about volatility, we often refer to volatility as the day when an issue such as a big issue or an announcement of an economic indicator occurred.
However, I don't think it's a good idea to set a volatility period for such an issue, because charts sometimes move before or after that.
Because charts reflect the psychology of investors, they sometimes move faster than expected and fluctuate more than expected.
(1W chart)
The key is whether it can rise above 32259.90 and be supported.
If it fails to rise above 32259.90, it should check for support around 26574.53.
Since the slope of the StochRSI indicator in the 'Strength' indicator has changed, we need to see if it turns from an uptrend to a downtrend following this week's price movements.
(1D chart)
As the price fluctuated, the HA-High indicator on the 1D chart seemed to be created at the 29916.79 point, but now it appears to be formed at the 27662.82 point.
Therefore, when BTC falls to or below 30105.25, if the HA-High indicator on the 1D chart is newly created, it is important to check whether it is supported near the point where it was created.
Being supported by the HA-High indicator means that it is highly likely to renew the recent high.
Therefore, if the HA-High indicator is newly created and supported by this decline, it means that it is time to buy in the short term.
However, if the HA-High indicator falls without being supported, there is a possibility of a sharp decline, so it is very important to check whether it is supported or resisted.
If it rises above the 32259.90-37253.81 section, it is expected to show a full-fledged upward trend.
Therefore, the 32259.90-37253.81 area is a very important support and resistance area.
The stop loss for this segment is between 28465.36 and 28923.63.
Therefore, if the HA-High indicator on the 1D chart is newly created and it is confirmed that it is supported at that point, it is possible to buy in the short term, but the first selling section is 32259.90-37253.81.
It is recommended to check whether to sell based on whether it can rise above the 34197.22-35045.0 section, which can be said to be the middle section of the 32259.90-37253.81 section.
If it rises and shows support, then I think it is possible to buy to earn profits from a full-fledged uptrend.
At this time, do not forget the stop loss point mentioned above.
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(BTCKRW chart)
The HA-High indicator on the 1D chart is about to be created at the 35979000 point.
If the HA-High indicator is created at 35979000, the key is whether it can be supported and rise around 35979000.
If it declines around 35979000, you should check for support around 37585000.
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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.
-------------------------------------------------- -------------------------------------------
** 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.
** 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 1W chart)
(USDT.D 1D chart)
It seems that funds are continuously flowing into the coin market through USDT.
Therefore, the coin market is likely to remain on the uptrend.
However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur.
Any such restrictions or plunges are expected to serve to increase new buying.
BTC dominance touches around 48.80 and is declining.
The next period of volatility is around April 27th and we need to see if it touches around 46.76 and rises along the uptrend line.
The decline in BTC dominance can be interpreted as money being concentrated towards altcoins.
At this time, it is important to check whether BTC is supported or resisted at support and resistance points.
If USDT dominance declines, the coin market as a whole is likely to show an uptrend.
Whether it is an uptrend led by BTC or an altcoin can be known only by checking the movement of BTC dominance together.
---------------------------------------
(BTCUSDT chart)
The volatility periods shown on the chart are formed by support and resistance points and the intersections of the trend lines.
Support and resistance points are formed by the indicators supported on this chart, and trend lines are formed by the StochRSI indicator.
For example, the volatility period around April 23 shown on the 1D chart marks the intersection of the support and resistance points on the 1W chart at 26574.53 and the uptrend line drawn on the 1W chart (1).
Most of the time when we talk about volatility, we often refer to volatility as the day when an issue such as a big issue or an announcement of an economic indicator occurred.
However, I don't think it's a good idea to set a volatility period for such an issue, because charts sometimes move before or after that.
Because charts reflect the psychology of investors, they sometimes move faster than expected and fluctuate more than expected.
(1W chart)
If it fails to rise above 32259.90, it should check for support around 26574.53.
Since the slope of the StochRSI indicator in the 'Strength' indicator has changed, we need to see if it turns from an uptrend to a downtrend following this week's price movements.
(1D chart)
Therefore, when BTC falls to or below 30105.25, if the HA-High indicator on the 1D chart is newly created, it is important to check whether it is supported near the point where it was created.
Being supported by the HA-High indicator means that it is highly likely to renew the recent high.
Therefore, if the HA-High indicator is newly created and supported by this decline, it means that it is time to buy in the short term.
However, if the HA-High indicator falls without being supported, there is a possibility of a sharp decline, so it is very important to check whether it is supported or resisted.
If it rises above the 32259.90-37253.81 section, it is expected to show a full-fledged upward trend.
Therefore, the 32259.90-37253.81 area is a very important support and resistance area.
The stop loss for this segment is between 28465.36 and 28923.63.
Therefore, if the HA-High indicator on the 1D chart is newly created and it is confirmed that it is supported at that point, it is possible to buy in the short term, but the first selling section is 32259.90-37253.81.
It is recommended to check whether to sell based on whether it can rise above the 34197.22-35045.0 section, which can be said to be the middle section of the 32259.90-37253.81 section.
If it rises and shows support, then I think it is possible to buy to earn profits from a full-fledged uptrend.
At this time, do not forget the stop loss point mentioned above.
------------------------------------------
(BTCKRW chart)
If the HA-High indicator is created at 35979000, the key is whether it can be supported and rise around 35979000.
If it declines around 35979000, you should check for support around 37585000.
------------------------------
- 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.
---------------------------------
[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/
Accordingly, it is necessary to check whether the HA-High indicator is created at point 30184.24.
If the HA-High indicator is created at point 30184.24, you should check if it has support near that point.
If supported, I would expect it to move towards 32259.90 as it is expected to renew the recent highs.
Conversely, if it falls from 30184.24, you should basically think of it as falling around the HA-Low indicator on the 1D chart and think about countermeasures.
However, as the decline continues, the HA-Low indicator can move and be created, so if it appears to be created, you need to make sure that it is supported near that point.
This is because the HA-Low and HA-High indicators are paired indicators created for trading.
If we look at the support and resistance points and the support zones in the downtrend from a trend perspective,
1st : 28465.36-28923.63
2nd: 26574.53
It is highly likely to be supported in the vicinity of the 1st and 2nd.