readCrypto

Will be able to overcome a big hurdle...

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 nice day.

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

(USDT 1D chart)
I need to see if I can keep it at 66.442B or higher.

(USDC 1D chart)
I need to see if I can come up with a gap rise in the 44.07B-44.807B range or more.

The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.


(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.

In order for the coin market to show solid (rich in circulation) movement, it is expected that a bull market will be formed only when it rises at least 43.75 and then starts to fall.

However, if it rises above 45.68, it is likely that a tough market will be formed as BTC alone can become a rising market.


The uptrend is expected to close when it touches the 39.56-40.44 zone or rises above 45.68.

The next period of volatility is around the 23rd of January, so you should pay attention to the movements during this time.


(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.

When it rose near 7.27, I started to think that it was the beginning of a bull market.

The key is whether it meets resistance at 7.27 and declines.

The next volatility period is around January 24th.

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

(BTCUSDT 1W chart)
Breaking out of 15475.10-17880.71, there is a big uptrend.

The 20050.02 point corresponds to the volume profile section of the 1M chart.

So, if the price holds up above 20050.02, you've crossed an important hurdle.


It is judged that a stepping stone has been prepared for a transition from a new flow to a new trend turn.

At this time, the important thing is that it should not fall below the downtrend line (1).


If the price is maintained above HA-Low and above MS-Signal, it is highly likely to turn into a mid- to long-term uptrend.
(It is still an ambiguous position to say that it has been completely supported beyond MS-Signal.
To dispel this ambiguity, MS-Signal must be converted to a rising sign.)

In order to sustain the mid- to long-term upward trend, the price needs to rise above HA-High to maintain the price.

By the way, the current HA-High indicator point is located at 59370.07.

Therefore, it is said that it must rise above 59370.07 to continue the mid- to long-term upward trend.

This part doesn't make sense, so you have to shake it up and down to make the HA-High indicator drop.

Therefore, if it rises above the 20050.02 point and shakes up and down and the HA-High indicator declines, I think it will increase the possibility of making a good move.


At the time of this up and down swing, most individual investors will have exited their trades.


The full-fledged rise of the coin market is listed below, but it is expected that it will be possible only when it rises above 29K.

It is expected that the HA-High indicator will fall before that.


(1D chart)
If this uptrend ends with a one-off,
1st: 17880.71
2nd : 19176.93-20050.02
It is expected to touch the vicinity and fall.


If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd : 13500-13761.50
It is expected to touch the vicinity.


The next volatility period is around January 21-30.

Therefore, it should hold the price above 20050.02 before the next period of volatility, or show funds coming in in USDT, USDC.

If not, chances are you'll end up with a one-shot rise.

Even if this is a one-time rise, if the price stays above the downtrend line (1), it will eventually start to rise again.

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

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

Therefore, whether it is rising or falling from its current position, a short-term response is required.

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

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

** 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.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(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:
(NAS100USD + DXY + XAUUSD 1D chart)
Trade active:
(BTCUSDTPERP 1h chart)
It has entered 'LONG' around 'L1', 19188.6-19411.7.

1st selling point: around 20122.5
2nd : 20794.4-20853.8
End of transaction: 21505.6-21780.8

However, when you touch 20K, it is partially sold.
I sold half of the quantity to be sold in advance.

Currently, the S/L point is set at the entry price.


Entry into the 'SHORT' position will be entered when it falls below 19188.6.

The reason is that the M-Signal and MS-Signal on the 1W chart approached around 19188.6.

If resistance is encountered on these two indicators, a sharp decline is expected.
Comment:
(BTCUSDT.P 1h chart)
Trade closed: target reached:
(BTCUSDTPERP 1h chart)
The 'LONG' position entered near 'L1', 19188.6-19411.7 was closed after the first and second selling.
Comment:
(BTCUSDTPERP 1h chart)
When it shows support in the 'L1', 21472.0-21978.5 section, it is scheduled to enter the 'LONG' position.

Currently, the entry point for the 'SHORT' position is possible when it shows resistance in the 19188.6-19411.7 area.

However, we plan to decide again based on the movement when
Comment:

USDT is seen as having a great influence on the coin market.

Therefore, since USDT is currently moving sideways, it can be interpreted that it is highly likely to defend the price or continue its upward trend.


USDC appears to have been gapped down, leaving money out of the coin market.

Therefore, I think it is highly likely that USDT will move closer to defending the price rather than continuing its upward trend.

USDT stock investment products are shown to be related to coin-related ETF products.

In particular, it seems to have a link with STETHETH (I haven't found any definitive evidence yet).

It is believed that the gap increase in USDC is driving the price of ETH up.

Therefore, when USDT moves sideways or gaps down, when USDC gaps up, ETH price is likely to rise.


STETHETH is not being pegged to 1ETH, so be careful when trading.


The rise in BTC dominance and the decline in USDT dominance can be interpreted as meaning that the coin market has started an upward trend.

In order to sustain this move, USDT dominance must show resistance and decline at 7.27.

Also, if possible, BTC dominance should be resisted in the 43.75-45.68 section and start to decline to maintain the upward trend of altcoins.
Comment:
(BTCUSDTPERP 1h chart)
The HA-High rises, increasing the likelihood of volatility.

Volatility is expected when the MS-Signal rises around 20570.1 and starts to decrease in width.
Comment:
(BTCUSD 1M chart)
On the 1M chart, the HA-Low indicator started to show an uptrend.

It is necessary to check if this month's candlestick is maintained even when it closes.

It is judged that this has begun to show a movement to switch to a new trend.


(BTCUSDT 1M Chart)
If the HA-Low indicator is created at point 21023.14, it is important to keep the price above this point.

If the price stays above the 21023.14 point, I would expect a move to turn into a long-term uptrend.


(BTCUSDTPERP 1M Chart)

(BTCUSDT.P 1M Chart)

(BTCKRW 1M Chart)
It doesn't look like it's about to be created yet.
Comment:
(BTCUSDTPERP 1h chart)
You can see that the HA-Low indicator points on the 1M chart are about to be created, so I change the points for the 'L1' and 'LONG' positions.

Entry point for 'LONG' position: 20794.4-20984.7
1st selling: Around 21826.1
2nd: 22471.5-22975.1
Close transaction: 23937.1-24294.1


As for the setting for the 'SHORT' position, I will inform you again because I touched MS-Signal this time.
Trade active:
(BTCUSDTPERP 1h chart)
I entered the 'LONG' position in the 20794-20984.7 section.

The first trading end point is 20570.
Comment:
If it rises above 20984.7, the trading end point will be changed to 20794

If it rises above 20100, the trading end point will be changed to 20910

[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.