readCrypto

Third period of volatility: March 29-31

readCrypto Mod Updated   
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)

(USDC chart)

(BTC.D 1W chart)

(USDT.D 1D chart)


While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down.

When USDT rises, the coin market is likely to rise.

However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline.


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.

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(BTCUSDT chart)

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(BTCUSDT 1W chart)
The question is whether the price can stay above the M-Signal on the 1M chart and rise to around 32259.90.

If not, you should check if it is supported near the HA-High indicator.



(1D chart)
The key is whether it can get support around 27662.82 and rise above 28923.63.

If not, you should check if it is supported around 26013.28-26574.53.

If it falls below 26013.28, there is a possibility that it will fall to around 23141.57, so a countermeasure is needed.


The important interval for the long-term trend is the 32259.90-37253.81 area.

If the price continues to rise above this range, a full-fledged uptrend is expected to begin.

This full-blown uptrend is expected to set the uptrend for next year's bull market.


However, if it rises above 32259.90 and fails to maintain the price and falls below 28923.63, it is highly likely to create a downtrend again, so you need to think about countermeasures.

Therefore, the 28923.63 point in the long-term trend is an important point.


The third volatility period was moved around March 30 (March 29-31) due to price volatility.

The next period of volatility on this chart, i.e. the BTCUSDT chart, is around April 7th.


When BTC is positioned below 29K (28923.63), you should focus on buying BTC or ETH.

It is recommended to proceed with the first purchase of altcoins that will be held until next year's bull market.

The reason for this is that when BTC continues its full-fledged uptrend, altcoins are likely to move sideways or show a downtrend.

Therefore, when BTC is below 29K, it is a good idea to end most of your BTC or ETH purchases.

However, as the current price has risen to around 29K, you need to be cautious about buying.

This is because around 29K can act as a resistor.

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(BTCKRW chart)
The question is whether the price can sustain its rise above 37585000.

If not, you need to check if the price stays around 36412000.


if it goes down,
1st: 35539000
2nd: 31024000-32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

The next volatility period has been moved to around April 2nd.

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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.

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Comment:

USDT and USDC are going in opposite directions.

Accordingly, even if the coin market rises, the rise can be limited.

In addition, there is a possibility that the coin market will face a sharp decline, so you need to think about countermeasures.
Comment:
I need to check if it can be supported near 26574.53 (26013.28-27079.41) and rise above 27662.82.

If it finds resistance at 27662.82, it will eventually drop below 26013.28.

As such, it will be important whether the price can sustain its rise above 27662.82 during this period of volatility.
Comment:
(BTCUSDT chart)
This volatility period runs through March 31st.

So, during this period of volatility, you should see if the price can hold above 27662.82 and rise above 28923.63.


The importance of 28923.63 (around 29K) has been discussed many times.

It sits near 29K, where I'm tempted to buy it as I feel more likely to rise as I get closer.

In addition, since the previous decline has almost been recovered due to the upward trend of USDT, it is natural that we feel that way more and more.

However, the important volume profile range is 32K-37K.

I think there is a high possibility of a full-fledged uptrend only when the price rises above this range and maintains it.

28923.63 (around 29K) is the stop loss of the above volume profile.

Therefore, since a volume profile section is formed around 28923.63, it is believed that it is showing a sideways trend as it is now.


Therefore, I don't think you should think that just because it rose to 28923.63 (near 29K), it will continue to rise unconditionally from now on.


(BTCUSD chart)
The BTCUSD chart is an index chart created by TradingView.

Therefore, I think we are providing some averaged data.

One thing to keep an eye on in this chart is the trading volume.

By checking the trend of the volume, you should observe the movement at the support and resistance points formed near the point where the current price is located.


In analyzing charts, we use a huge amount of information and data.

In order to get this information, I try to read all sorts of articles and stories from the community.

However, it is quite difficult to apply the information obtained in this way to actual trading.

This is because subjective thoughts based on these information dominate without solving the fundamental problem.


The fundamental problem lies in properly grasping the movement of funds in the investment market (currently the coin market) that I am in contact with.

Also, it is a problem that it does not properly check whether it is supported or resisted at the corresponding support and resistance points.


Because a lot of time is invested in articles and communities, there is no time to create the trading strategy you need when you want to trade at any point.


In order to trade, a trading strategy must be completed.

To be completed means completion in a big frame.

The trading strategy of detailed movement (trend) does not mean much because it can be made fluidly within the trading strategy in the big frame.


A trading strategy is a must and must be created, from scalping to long term investing.

I've talked about trading strategies before, but I'll take the time to tell you again and again when the market moves sideways.
Comment:

USDT and USDC are going in opposite directions.

Therefore, there is reasonable suspicion that funds in USDC are being moved to USDT.

This suspicion is due to the idea that funds are moving to USDT to trade more coins (tokens) because there is not much USDC market.

However, since these subjective thoughts are not very helpful in understanding the flow of funds, it is better to see and judge as they are.


The upward trend of USDT will have a great impact on the coin market.

The reason is, as mentioned above, that there are many trading pairs in the USDT market.

If USDT rises while creating a gap, it means that funds are flowing into the coin market.

It is not known when the funds coming in will be used, but it is known that the coin market will eventually rise if it shows support.


If USDC continues to decline, the coin market's rise may be limited or lead to a sharp decline, so be careful.



A period of volatility is underway on the BTC dominance chart.

Therefore, it is necessary to check whether it can be maintained at 47.64 or higher.


BTC dominance is expected to continue rising.

The reason may be due to the BTC halving next year, or it may be that it is currently at a very low position.

In any case, BTC dominance is likely to remain on the rise, so we need to think about countermeasures against this.

When BTC dominance rises, it means that money is concentrated towards BTC, which means that altcoins are more likely to move sideways or go down.

Accordingly, countermeasures for altcoins are needed.


USDT dominance is not far away from around 6.85-7.27.

According to this, it can be seen that the leadership of the coin market is still in power.

Therefore, when FOMO occurs, it is expected to deviate significantly from the 6.85-7.27 range.


At this time, what we need to pay attention to is whether USDT dominance falls below 6.21.

This is because a decrease in USDT dominance means that the coin market is likely to rise.

[Example of exchange chart setup]

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

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

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