readCrypto

Finale at the high point, ATL pumping???

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)
If it rises above 68.468B, there is a possibility that the coin market will start a bull market.


(USDC 1D chart)
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.

The next volatility period is around February 13th.


(USDT.D 1D chart)
I need to make sure it stays below 6.90.

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

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(BTCUSDT 1W chart)
USDT gapped higher, rising above 68B.

If the gap continues to rise, the coin market is expected to show an upward trend.

However, in order for the rise to lead to a rise in BTC, BTC dominance must rise.

If not, it is likely to end up with altcoin circulatory pumping.


With the current BTC price rising above 23K, we can see that the rise in BTC dominance has turned into a decline.

Therefore, when BTC dominance falls below 43.75, it is expected that the altcoin bull market will begin.


If funds are too concentrated towards altcoins, it can cause the BTC price to become more volatile.

Therefore, we expect BTC to move away from the 22.4K-24.2K zone.


As this week's candlestick closes with a lower candlestick, the question is whether the HA-High indicator can decline.

It has risen above 20862.47, that is, above HA-Low and above MS-Signal, and is in a state of transition to a mid- to long-term uptrend.

However, in order to continue the mid- to long-term upward trend, it must rise above HA-High, so HA-High must fall.


If it fails to create a bearish candlestick and rises, you need to check if it drops near the M-Signal on the 1M chart.



(1D chart)
The market always moves beyond expectations.

It is showing a sideways movement by rising around 24K, which was expected to be the high point of this uptrend.

As a result, the market is showing signs of changing again.

However, what I said before has not changed.

What I said before
- The section most likely to be the high point of this uptrend is the 24K section.

- If it rises above 24K, it is expected to touch the M-Signal on the 1M chart and start to decline.

We need to see if we can break the previous statements above and continue the uptrend.


Therefore, the altcoin bull market that is about to start (exactly, it is an altcoin pumping, not a bull market) can show a finale at the peak.

Therefore, it is necessary to set up and respond to S/L points.


Looking at the 'Strength' sub-indicator,
- Entering the overbought section: 2
- Near the overbought section: 1
-Near oversold zone: 1
Accordingly, it can be seen that the rising intensity is strong.


It will be important if BTC can keep the price above the HA-High i.e. above 22.9K.

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(BTCKRW 1D chart)
It is necessary to check whether there is movement out of 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.

** 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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Comment:
Comment:
Comment:

93,879,465 funds came in through USDT,

It is understood that 490,458,012 funds have been withdrawn through USDC.

Thus, a total of 396,578,547 funds have been withdrawn from the coin market.
Comment:
ADA also issued a stablecoin.

So, as with TRX, be cautious when the coin market goes down.

This is because as long as the stablecoin is issued, a certain level of liquidity must be maintained to maintain the peg to $1 of the stablecoin.

As the coin market develops, there is a movement to secure liquidity for each coin to survive and develop its business further.

I can't say these moves are bad.

However, in order to secure such liquidity, it is necessary to constantly expand the coin ecosystem.

In that respect, I think ADA and TRX are still fine.
Comment:

1. Will it drop to around 22487.41 and touch MS-Signal

2. Will the HA-High indicator on the 1W chart show signs of falling and about to be created

It is necessary to confirm that the above 1 and 2 are fulfilled.
Comment:
Support in the HA-High indicator???

Breaking through the HA-High indicator and falling
1st: around 22487.41
2nd 21023.14-21853.06
You need to make sure you are supported by

If supported, you need to check whether it is supported or resisted around 23371.80.

[Example of exchange chart setup]

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

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