readCrypto

The second period of volatility is underway...

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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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 chart)

(USDT.D chart)

Same as before.


Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.

A second period of volatility (up to March 19-25) is currently underway.

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(BTCUSDTPERP chart)


(1D chart)
It is showing support and rising around 27102.7.

We need to see if it can rise above 28951.7 during this volatility period.

If not, we need to see if there is a drop around 25882.9.


If it rises above the 32275.6-37243.4 section, it is likely to show a full-fledged uptrend.

Therefore, the 32275.6-37243.4 zone is an important support and resistance zone.

The S/L point of this important section is the 28951.7 point.

Therefore, if it rises above 32275.6 and then declines, it is expected that it will continue its upward trend only after receiving support around 28951.7 and rising.

If it holds the price above 28951.7, I would expect it to lead to an attempt to rise above 32275.6.


We are currently entering the second period of volatility.

Therefore, it is necessary to keep a close eye on the movement of the BTCUSDTPERP chart up to around March 24th (March 23-25).



(1h chart)
The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above.

In this story, whether BTC goes up or down is not the focus.

Therefore, you should not view and interpret this content with a mid- to long-term perspective.


- 'LONG' position that requires quick response entered near 'L2', 27293.3 (marked in red letters)
(The price has gone up and the HA-High indicator on the 1D chart is about to be created.)
1st: Around 27102.7
2nd : 28951.7-30000.5
Trade close: around 32275.6

However, if you touch 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits.


The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart.

What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions.

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(BTCKRW chart)
We need to see if we can find support at 35539000 and hold the price above 37585000.

The HA-High indicator on the 1D chart is rising and is about to be created at the 36412000 point.

So, if the price stays above 36412000, it is expected to continue its upward trend.


if it goes down,
1st: 31024000-32042000
2nd: 28950000-29639000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

The next period of volatility is around March 29th.

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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:
(ARBUSD 15m chart)
Since this is a day trading, the role of the indicated support and resistance points is weak, so be careful when trading.


On the 1h chart, it is seen that a volume profile point has formed for the first time.

Therefore, it is necessary to check whether it can be supported around 1.3843.


Although the HA-High indicator has been created, the HA-Low indicator has not been created, so when the HA-Low indicator is created, it is good to check whether it is supported or resisted at that point.


(5m chart)
Support and resistance points on the upper time frame chart always take precedence.

So, what you need to look at on the 5m chart is to look for a possible support point when it falls below 1.383 and becomes resistance.

Therefore, you should check for support around 1.2975.
Comment:
(ARBUSDT chart)

(15m chart)

(5m chart)
Comment:

USDT and USDC are going in the opposite direction.
Accordingly, you should be wary of volatility.


Looking at the BTC.D 1M chart, you can see that it has risen above the MS-Signal indicator.

Therefore, it is highly likely to receive support and rise near the MS-Signal indicator.


Looking at the USDT.D 1M chart, it is showing resistance at the HA-High indicator.

However, since the MS-Signal indicator is located around 6.21, we need to see if it can fall below 6.21.

In order for the coin market to keep rising, USDT dominance must fall.
Comment:
ARB can't publish ideas yet.
It is necessary to confirm that it can receive support and rise around the 1.3796-1.4196 area created on the 1h chart.

If not, we need to see if it will renew the lows by moving below 1.3145.
Comment:
Comment:
(BTCUSDTPERP 1h chart)
It fell back to the position entry (marked in red text) that required a quick response.

Position entry points remain the same.
Comment:
(BTCUSDTPERP 1h chart)
The HA-High indicator on the 1D chart is about to be created at 27656.1.

Therefore, when entering the 'LONG' position, it is expected that the price will rise above 27656.1 to continue the upward trend.
Comment:
(BTCUSDTPERP 1h chart)
Same as before.

However, if the HA-High indicator of the 1D chart is created at 27656.1, the entry point for 'L2', that is, the 'LONG' position that requires a quick response, is changed to around 27656.1.
Comment:
The HA-High indicator on the 1D chart was created at 27656.1 point.

Therefore, the 'LONG' position point, which requires a quick response, can be entered when it shows support around 27656.1.

The 5EMA on the 1D chart is passing through the 27293.3-27656.1 section, so we need to see if the price stays above 5EMA.

[Example of exchange chart setup]

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

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