readCrypto

Shake maximum variance expected 30%

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

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)
Whether or not an investment market starts a downturn, what matters is whether or not money is maintained in that market.

Even if the investment market shows a downward trend due to various factors, I don't think the decline will last long if the funds that support the market are maintained.

In that sense, it is important whether USDT can be maintained above 70.07B.

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


(USDC 1D chart)
A gap break occurred where USDC broke out of the downtrend line (1).

Therefore, the question is whether it can rise above 42.563B and hold.

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)
I don't think BTC dominance encountering resistance around 44.46 is not such a bad thing for those who mainly trade short-term altcoins.

BTC dominance should be viewed under the premise that it should rise.

The reason for this is the BTC halving next year.

If it rises above 45.68 at any moment, it is highly likely that a strange market will be formed where only BTC rises, as I have been saying all along.

This phenomenon is expected to be resolved when BTC rises to around 45K.

There will be altcoins that rise along with the rise in BTC price, but the number will decrease as time goes on, and it is highly likely that they will show a decline soon.

Therefore, I think that those who want to buy altcoins and drag them to the bull market next year should finish their first round of buying before BTC dominance rises above 45.68.


(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.

---------------------------------------


----------------------------------------

(BTCUSDT 1D chart)
We mentioned that a shake-up is underway to reverse the medium and long-term trend.

This wobble is expected to show sideways movement around a certain section again.

I think the central section is the section 21023.14-21853.06.

The reason is that it is a section consisting of the HA-Low of the 1M chart and the HA-Low of the 1W chart.


It is not yet known whether the 21023.14-21853.06 section will be near the middle, or if it will be the support section.

It is expected that you can know the direction by touching the M-Signal indicator on the 1W chart.

Therefore, for now, I think we should watch the movement of the chart under the premise that the 21023.14-21853.06 section will be the support section.

If the 21023.14-21853.06 section is near the middle, it is expected to touch up to around 17K and rise.


This is because the HA-High indicator on the 1W chart is located at 19900.52, but it is expected to move again due to further rise.


If so, I wonder how long the shaking will last.

This wiggle is expected to continue until USDT rises above 72.445B and holds.


The volatility period on the BTCUSDT chart will end on February 23rd.

The next volatility period is around March 20th, but the volatility period on the BTCUSDTPERP chart is around February 25th, so you should check the movement at this time.

------------------------------------------

(BTCKRW chart)
The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart.

The HA-High indicator on the 1D chart is rising and is about to be created.

Therefore, it is necessary to check whether it can rise above 31468000.

If not, you should check for support around 29639000.

------------------------------

- 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.

-------------------------------------------------- -------------------------------------------

** 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.)

---------------------------------
Comment:
(BTCUSDTPERP 1h chart)
Volatility occurred, but in the end it seems that it could not get out of the box or sideways section.

It is necessary to check whether it leads to movement outside the 23592.1-24463.0 section, which is a box and sidewalk section.

I couldn't touch the M-Signal indicator on the 1D chart, but since it was close, I'll tell you about entering a full-fledged position soon.

Currently, it is judged that entry near 'L2', 'S2' is useful.


Well, there is a noisy part where the direction is matched and not matched, but matching and not matching is not the important thing.

The important thing is how to keep my psychological state stable from these stories.
Comment:
summary

1. As long as funds continue to flow into USDT and USDC, it will show rapid recovery even if it declines, and is expected to maintain its upward trend.


2. If BTC dominance fails to rise and falls, it is highly likely that altcoins will continue to pump.

Therefore, it is important which way the BTC dominance deviates from the 43.75-45.68 section.


3. The 21023.14-21853.06 section on the BTCUSDT chart is an important buying section from a mid- to long-term perspective.

Therefore, it is necessary to determine whether to swing around this section or use it as a support section.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.