readCrypto

Volatility Period Day 2

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)
A move to renew the high of November 9, 2022 has been made.

The volatility period mentioned in the previous idea is a miscalculated volatility period, and the next volatility period is around March 5th.

So, you need to make sure it stays above 70.07B after around March 5th.


(USDC 1D chart)
It will be a question of whether we can open the gap above 42.563B to turn it into an uptrend.


If it rises above 47.374B, there is a possibility that the coin market will start a bull market.

If it falls below 39.675B-42.563B, there is a possibility that the coin market will enter a recession.


(BTC.D 1W chart)
The key is whether it can decline after receiving resistance in the 43.75-45.68 section.

If so, I expect the uptrend to be extended until a decline near the 39.56-40.44 area.

Otherwise, if it rises above 45.68, there is a possibility that a strange market will be formed where only BTC rises, or the coin market will show a large decline.

We need to see if it rises above 44.46 by February 22nd and maintains it.


(USDT.D 1D chart)
A rise above 6.90-7.27 is expected to cause the coin market to plummet.

A rise in USDT dominance means a fall in the coin market.

The next period of volatility is around March 3rd.


When funds do not flow into USDT and USDC as they are now, the coin market is expected to form a peak when USDT dominance touches around 5.89-6.21.

Therefore, it is necessary to ensure that funds are continuously flowing through USDT and USDC.

The area around 5.89-6.21 is considered to be a section where the same psychology as around 7.86 or 6.85-7.27 that I mentioned before works.

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(BTCUSDT 1W chart)
While touching the M-Signal on the 1M chart, it is necessary to check whether the center line of the Bollinger Bands can be broken upward.

If not, you should check for support near 20862.47 or the newly created HA-High indicator.


Considering that the Bollinger Bands are still quite wide, it's time for a boring sideways move or wiggle.



(1D chart)
I need to see if it can break the previous high by moving above 25250.0 in the volatility period until February 23rd.

In this volatility period, if it does not show a rise above M-Signal on the 1M chart and above 26K, it is expected to touch MS-Signal.

At this time, if it falls below 22487.41,
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
You need to make sure that it is supported in the 1st and 2nd.


The point where it is expected to show a full-fledged uptrend is at 29K.

So, from a long-term perspective, everything is a buy zone until then.

However, there is a lot of pressure to buy at the current price, as everyone wants to buy at a lower price point.

The closer you get to 29K, which is expected to show a full-fledged uptrend, the more you feel like you should buy it now.

In order to calm this mind to some extent, you should have bought some in advance.

If you don't, you will get into serious psychological conflict.

These are some of the things I've said before when I was at low prices.

What is your current state of mind?


But, can you really buy if the price starts to fall right now?

If the price shows a cascading decline, there is a good chance that you will not be able to buy at this time either.

why! Because of the idea of buying at a lower price.


From a mid- to long-term perspective, the trend has shifted from a downtrend to an uptrend.

Now, if the price goes down, it's time to buy anyway.

There is a possibility that you want a lower price and eventually fail to buy and start buying when it rises above 29K.

Therefore, it is time to have a trading strategy on how to proceed with the purchase.


It is an ambiguous time whether the price will rise or fall, so you need to create a trading strategy at this time.

Otherwise, if you create a trading strategy after the direction and trend appear, you must be careful because you will create a trading strategy that is biased to one side and you may proceed with a series of regrets until the trade is closed.


I was hoping that a drop of -10% or more would start a wiggle in the mid- to long-term trend reversal, but a move of +10% or more did.

Therefore, I think I am in a more anxious psychological state.

In order to calm such an anxious state of mind, I think it is necessary to calm the anxious mind by conducting transactions that require a quick response, such as same-day trading, short-term trading, and futures trading.

This is because I think it is important to create a way to feel the movement of the coin (token) sensibly by trading coins (tokens) that will be invested in the mid- to long-term in the future.


Some people think that the immediate profit is the best, and some people want to make a longer investment and get a bigger profit.

Because each individual has a different investment period for viewing and trading the market, I think the ideas published on TradingView are suggesting a good direction in their own way.

However, the core content should be explained in writing so that anyone can understand it, so that the viewer should clearly present the direction they are thinking.

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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, you should check for support around 29639000.

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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.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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[Example of exchange chart setup]

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

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