readCrypto

Bitcoin (BTC) - September 29

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D Chart)

(USDT 1D Chart)

A gap in USDT and USDC charts indicates an inflow or outflow of funds.

Candles are drawn as funds are utilized in the coin market.


USDC's outflow of funds continues.

Therefore, you need to be careful in trading.

The reason that the coin (token) price rises as the funds flow out is because it may be a movement to outflow the funds again.


(USDT.D 1D Chart)

(USDC.D 1D Chart)

Dominance also indicates that when a gap occurs, funds will flow in or out.

Candles are drawn as funds are utilized in the coin market.

Therefore, when the candle shows a decline, it can be interpreted that the coin (token) is being bought in the coin market.

In the opposite case, it can be interpreted as selling coins (tokens).


However, it is highly likely that the charts related to the market cap for stablecoins will show a steady upward trend.

The reason is that funds are flowing into or out of the coin market.

Hope you don't confuse the benefits.

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(NASDAQ100 1D Chart)
After a period of volatility, it rose to around 11475.5.

The key is whether it can be supported near 11475.5.

If not supported, it is likely to move towards the 10666.6 area.


The next volatility period is around October 14th.

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(BTCUSDT 1D Chart)
The key is whether the price can hold above the uptrend channel (1) formed by the long-term uptrend line, above 19426.43.

The HA-Low indicator is passing near 19426.43, so if you can sustain the price above that, it is likely to turn into an uptrend.

However, in order to continue the upward trend, it must rise above the HA-High index, so it should rise to around 20798.16 at the current price point.


As mentioned in the description of the perpetual futures chart, the BTCUSDTPERP chart, the 19.4K-20.7K zone requires a quick response.

This means that the price range is large and can move quickly.


As the inflow and outflow of funds in the coin market is in progress, the volatility of the price is likely to increase.

As the price rises, the power of funds is needed to keep the price rising.

However, it seems that the funds in the current coin market are flowing out through USDC, so you need to be careful in trading.


This is because investment companies with strong financial power are likely to increase the price to get more money back if they sell when the price is falling, as the price is more likely to plummet.

Therefore, there is a possibility that the section 21475.02-21838.98 is a turning point.

If the price is maintained beyond this range, altcoins are also expected to show an upward trend.

Otherwise, even a small drop in BTC price is expected to cause altcoins to decline significantly compared to the BTC drop.


Currently, the coin market is forming a very difficult market for short-term and same-day trading in the spot market.

Accordingly, it is necessary to think about ways to increase the number of coins (tokens) by understanding the movement of the coins (tokens) you have.

If you are unfamiliar with same-day, short-term trading, it is better to just check the market flow.

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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.

So, whether it rises or falls from its current position, both require a short-term response.

A full-fledged uptrend is expected to begin when it rises above 29K.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

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

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

** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

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

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www.tradingview.com/x/S94aDxa8

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