readCrypto

What does it really mean to check the way you turn?

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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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)

The USDT chart is in an uptrend and the USDC chart is in a downtrend.

The USDT chart can be said to be a channel of money for people around the world, that is, those who trade and do in the coin market, including individual investors.

The USDC chart is a channel for institutional investors, i.e. US funds.

Therefore, it can also be interpreted that FOMO may be in progress.

However, if funds continue to flow through USDT, the coin market will maintain an upward trend.

It seems that funds are continuously flowing into the coin market through USDT.

Therefore, the coin market is likely to remain in an 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.

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(BTCUSDT chart)

(1W chart)
I need to check if I can ascend along the ascending channel while sideways on the 26574.53-32259.90 section.


You need to make sure that the HA-High indicator is showing signs of being newly created.

If the HA-High indicator is about to be created, it is important whether it is supported near that point.


Around 26574.53, the M-Signal indicator on the 1M chart is passing.

Therefore, holding the price above 26574.53 means that the long-term trend is maintained.



(1D chart)
The M-Signal indicator of the 1M chart and the M-Signal indicator of the 1W chart are reversed.

Therefore, if it moves sideways or maintains an uptrend in the current section, it is expected to turn into regular alignment.

It does not necessarily mean that it will rise if it is converted to Jeongbae-ro, but it can be seen that the purchase has been made to that extent.

Therefore, it is important in trading to check whether there is support or resistance at which point and in which section.

Therefore, the question is whether the price can be maintained above 26574.53 (up to 26013.28).


The 28465.36-28923.63 section is a volume profile section formed on the 1M chart.

Therefore, if the price rises above this range and maintains the price, the possibility of continuing the upward trend is expected to increase.


If it falls below 26574.53 (up to 26013.28) and appears to be resisting, it is expected to fall around 23141.57, so a countermeasure is needed.


29K or less falls under the long-term perspective.

Therefore, I believe that you can earn great profits from a long-term perspective no matter where you buy at any point or in any section.

However, since it fell after rising above 29K, it is recommended to check the turn before proceeding with the purchase.


What does it really mean to check the way you turn?

Checking the turn is to see the trend change from the standard you set.

My criteria are the MS-Signal, HA-Low, and HA-High indicators displayed on the chart.

All other lines correspond to the support and resistance needed to trade.


Therefore, I think that one of the ways to check the turn is to see if the price is maintaining above the M-Signal and MS-Signal indicators on the 1M and 1W charts.

If you see these trend reversals, you will have a basis for creating a trading strategy.


Then, you can create a detailed trading strategy based on whether you are supported or resisted by the HA-Low and HA-High indicators.


The point where the current price is located is between the M-Signal and MS-Signal indicators on the 1M and 1W charts.

And, it is located between the HA-Low and HA-High indicators.

Thus, we can see that the section where the current price is located is located in the sideways section.

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(BTCKRW chart)
The key is whether it can be supported around 35539000 and rise above 40674000-43761000.

The next volatility period is around May 15th.

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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:
(BTCUSDT chart)
On the 1W chart, the HA-High indicator is about to be created.

Therefore, if the HA-High indicator is created at 27496.02 and it is confirmed to be supported near that point, it means that the possibility of renewing the recent high increases, so the possibility of rising above 32259.90 increases.

If resistance is found near 27496.02, you should check for support near 26574.53.
Comment:
(BTCUSDT 1D chart)
The HA-High indicator on the 1W chart is about to form at 27496.02.

Therefore, it is necessary to check whether the HA-High indicator of the 1W chart is created at the 27496.02 point.

If it is created at the 27496.02 point, we expect that it will be the time to buy when it is confirmed that it is supported around 27496.02.


As updated on the BTCUSDT.P chart, the current section can show a meaningful movement that can become the bottom section of the pull back pattern, so whether or not the HA-High indicator on the 1W chart is created is important. .


If it drops from 27496.02 and drops below 26574.53, then you should check if the HA-Low indicator on the 1D chart is rising and is about to form.

This is because when the support is confirmed near the HA-Low indicator, it is the time to buy.

However, since the HA-Low indicator on the 1D chart should be interpreted from a short-term perspective, it must rise above the HA-High indicator on the 1W chart, that is, 27496.02 or higher, to show an additional uptrend.

Therefore, the 27496.02 point becomes the resistance area, the first selling area.
Comment:
(BTCUSDT chart)
If it is confirmed that it is supported in the 27496.02-28923.63 section, it is at the time of purchase.

For more on this, check out today's idea.
Comment:
(BTCUSDT 1D chart)
It shows an attempt to break through the MS-Signal indicator upward.

Therefore, if support is confirmed in the 28465.36-28923.63 section, it is possible to buy.

The first selling zone is around 30184.24, the point of the HA-Signal indicator on the 1D chart.


If the HA-Signal indicator of the 1W chart is created at the 27496.02 point, it is highly likely to continue its upward trend from a mid- to long-term perspective, so it is expected that the investment period will be long.

When the HA-High indicator on the 1M chart moves or rises above the HA-High indicator, the possibility of continuing the upward trend increases from a long-term perspective.

So, until then, there is a high possibility of shaking, so you need to think about countermeasures against it.
Comment:
(BTCUSDT 1D chart)
It is rising near the first selling point without giving me a chance to buy.

Therefore, it is important to check whether it is supported or resisted by the HA-High indicator on the 1D chart.

If it finds support above the HA-High indicator on the 1D chart, it is expected to rise above 32259.90.

If it fails to rise above the HA-High indicator, it should check for support around 27985.15.


The setting value of the CCI indicator included in the 'Strengh' sub-indicator has been changed to see the mid- to long-term flow.

Therefore, the fact that the CCI indicator has entered the overbought zone can be interpreted as meaning that it is highly likely to show an uptrend.


From this, it can be seen that this volatility corresponds to a pull back pattern.

It is currently rising without giving me a chance to buy, so I would recommend waiting for support to emerge.

the support section
1st : 28465.36-28923.63
2nd : 27496.02-27985.15
3rd : 26013.28-26574.53
You need to make sure that it is supported in the vicinity of the 1st to 3rd above.

[Example of exchange chart setup]

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

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