Coin markets driven by ETH are likely to be short-lived
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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)
On the USDT chart, it is maintaining an uptrend, continuously creating gaps.
I think USDT is a stablecoin that has a great influence on the coin market.
Therefore, the fact that USDT continues to rise while creating a gap means that funds continue to flow into the coin market.
Therefore, even if the price goes down, it is likely to show an uptrend in the near future.
In the USDC chart, I think the chart is broken due to the USDC issue.
Therefore, it is expected that it will take some time to function properly.
I am not sure why the BTC dominance is not rising on the BTC dominance chart.
However, the decline in BTC dominance is due to the concentration of funds towards altcoins.
Therefore, it is expected that altcoins are trying to defend their price as much as possible to survive.
However, I think that when BTC starts to rise in earnest, funds will inevitably be concentrated in BTC.
Therefore, we believe that the price of altcoins is likely to move sideways or decline.
Since this phenomenon is expected to come out, I think it is time to focus on coins that currently have the lead in the coin market, such as BTC and ETH.
BTC's full-fledged upward trend is expected to start around 29K, and the price movement of the altcoin mentioned above is expected to continue to around 45K.
On the USDT dominance chart, it is showing a decline after receiving resistance in the section where it should be resisted.
The question is whether this move can bring it down below 6.85-7.27.
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.
On the ETHUSDT chart, around March 12 (March 11-13) is a volatility period, so you need to check the movement of ETH.
If ETH leads the uptrend of the coin market, it is likely to be a short-term uptrend, so be careful.
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(BTCUSDT 1W chart)
The key is whether the price can rise above the HA-High indicator and sustain the price.
Because if you fail to rise, there is a good chance you will end up falling.
Still, it is showing a rise around 20862.47, which should be supported.
If resistance is found near 20862.47, a decline near the HA-Low indicator is likely.
(1D chart)
The next volatility period is around March 20th.
Accordingly,
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.
The HA-Low indicator is rising and is about to be created.
So, the question is whether the price can sustain it by moving above 21574.97.
If it doesn't, it's likely to break the latest low.
However, it is important to be able to get support around the 1st: 21023.14-21853.06, which can be said to be the middle section of the wiggling section for mid- to long-term trend conversion.
1st: The 21023.14-21853.06 section is a section that can be purchased from a mid- to long-term perspective.
If the HA-Low indicator of the 1D chart is created in these sections, I think it is significant because it becomes a section that can be purchased throughout the entire investment period.
The investment market, that is, the coin market, can be called a probability game (?).
Therefore, there is a possibility that movement will come out in the opposite direction at any time, so it is necessary to respond to all trends, both upward and downward.
In the probability game (?), it is analysts who make conclusions in one direction, and those who directly conduct transactions and individual investors must make countermeasures for both directions and respond to the movement.
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(BTCKRW chart)
It is necessary to check whether it can rise above the HA-Low indicator of the 1D chart to be newly created.
The key is whether you can climb with support in the 27317000-29639000 section.
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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 1W chart)
(USDT.D 1D chart)
On the USDT chart, it is maintaining an uptrend, continuously creating gaps.
I think USDT is a stablecoin that has a great influence on the coin market.
Therefore, the fact that USDT continues to rise while creating a gap means that funds continue to flow into the coin market.
Therefore, even if the price goes down, it is likely to show an uptrend in the near future.
In the USDC chart, I think the chart is broken due to the USDC issue.
Therefore, it is expected that it will take some time to function properly.
I am not sure why the BTC dominance is not rising on the BTC dominance chart.
However, the decline in BTC dominance is due to the concentration of funds towards altcoins.
Therefore, it is expected that altcoins are trying to defend their price as much as possible to survive.
However, I think that when BTC starts to rise in earnest, funds will inevitably be concentrated in BTC.
Therefore, we believe that the price of altcoins is likely to move sideways or decline.
Since this phenomenon is expected to come out, I think it is time to focus on coins that currently have the lead in the coin market, such as BTC and ETH.
BTC's full-fledged upward trend is expected to start around 29K, and the price movement of the altcoin mentioned above is expected to continue to around 45K.
On the USDT dominance chart, it is showing a decline after receiving resistance in the section where it should be resisted.
The question is whether this move can bring it down below 6.85-7.27.
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.
On the ETHUSDT chart, around March 12 (March 11-13) is a volatility period, so you need to check the movement of ETH.
If ETH leads the uptrend of the coin market, it is likely to be a short-term uptrend, so be careful.
---------------------------------------
----------------------------------------
(BTCUSDT 1W chart)
Because if you fail to rise, there is a good chance you will end up falling.
Still, it is showing a rise around 20862.47, which should be supported.
If resistance is found near 20862.47, a decline near the HA-Low indicator is likely.
(1D chart)
The next volatility period is around March 20th.
Accordingly,
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.
The HA-Low indicator is rising and is about to be created.
So, the question is whether the price can sustain it by moving above 21574.97.
If it doesn't, it's likely to break the latest low.
However, it is important to be able to get support around the 1st: 21023.14-21853.06, which can be said to be the middle section of the wiggling section for mid- to long-term trend conversion.
1st: The 21023.14-21853.06 section is a section that can be purchased from a mid- to long-term perspective.
If the HA-Low indicator of the 1D chart is created in these sections, I think it is significant because it becomes a section that can be purchased throughout the entire investment period.
The investment market, that is, the coin market, can be called a probability game (?).
Therefore, there is a possibility that movement will come out in the opposite direction at any time, so it is necessary to respond to all trends, both upward and downward.
In the probability game (?), it is analysts who make conclusions in one direction, and those who directly conduct transactions and individual investors must make countermeasures for both directions and respond to the movement.
------------------------------------------
(BTCKRW chart)
The key is whether you can climb with support in the 27317000-29639000 section.
------------------------------
- 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:
(BTCUSDTPERP 1h chart)
Once again, entry into a full-fledged position and entry into a position that requires a quick response are the same.
However, among positions that require quick response, the only difference is the trading end point for the 'LONG' position.
When entering 'LONG', it is expected that the upward trend will continue only when it rises above the M-Signal of the 1D chart, so you need to think about countermeasures against this.
The full-fledged positions are marked with 'L1' and 'S1'.
Positions that require quick response are marked with 'L2' and 'S'2'.
However, among positions that require quick response, the only difference is the trading end point for the 'LONG' position.
When entering 'LONG', it is expected that the upward trend will continue only when it rises above the M-Signal of the 1D chart, so you need to think about countermeasures against this.
The full-fledged positions are marked with 'L1' and 'S1'.
Positions that require quick response are marked with 'L2' and 'S'2'.
Trade closed: target reached:
(BTCUSDTPERP 1h chart)
You touched the trading end point of the 'SHORT' position that requires quick response.
However, since it is the second selling period of full-scale position entry, you can sell whenever you want.
If the M-Signal on the 1M chart cannot be broken upward, it is recommended to close the trade or sell part of it to preserve profits.
I hope you respond well and get good results.
However, since it is the second selling period of full-scale position entry, you can sell whenever you want.
If the M-Signal on the 1M chart cannot be broken upward, it is recommended to close the trade or sell part of it to preserve profits.
I hope you respond well and get good results.
[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/
In the short term, the rise on the 1D chart does not necessarily reflect the trend in the medium and long term.
To do so, there must be changes in the mid- to long-term (1W) and long-term (1M) perspectives.
However, there is no change yet.
On the 1W chart, the HA-High indicator has yet to break through.
Therefore, it cannot be seen that the mid- to long-term upward trend will continue.
Since it did not rise above the MS-Signal indicator on the 1M chart, it cannot be said that it will continue its long-term uptrend.
You don't need to know what the current rise means.
In order to know that, I think it is more productive to create or modify a trading strategy on how to respond in support and resistance zones at the time of searching all the information.
Then, when you have time, look for information.
This is very important when creating or modifying a trading strategy.