Dropped below the middle of the wiggle section
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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)
The USDT and USDC charts are still in an uptrend.
Despite the decline of BTC, BTC dominance is showing a decline.
This can be interpreted as meaning that the price defense of altcoins is taking place.
This phenomenon is expected to make it difficult to predict the trend of the coin market in the future.
Therefore, there is a growing possibility that in the current price range, i.e. below BTC's 29K, you will not be a good buy for next year's bull market.
USDT dominance is showing a rise above 7.86.
We need to see if we can get resistance around 7.86 and drop.
If not, you should check if you get resistance around 8.25.
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----------------------------
(BTCUSDTPERP 1D Chart)
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
3rd: Around 17864.7
You need to make sure it is supported in the vicinity of the 1st, 2nd and 3rd order above.
As it fell below the 1st section, it fell below the center section of the shaking section.
The HA-Low and HA-High indicators are correlated.
This means that if it is supported and rises from the HA-Low indicator, it is likely to rise to the vicinity of the HA-High indicator.
Conversely, if it falls from the HA-High indicator, it can be interpreted that there is a possibility of falling to the vicinity of the HA-Low indicator.
Therefore, it is expected to fall to around 16422.6, the point of the HA-Low indicator, unless there is an anomaly.
However, if USDT and USDC create a gap and maintain an upward trend, it is highly likely that it will not fall to the vicinity of the HA-Low indicator.
Therefore, there is a possibility that it will drop to around 17.8K mentioned earlier.
I think the 1st and 2nd sections are the support sections of the forces that led the rise in 15K-16K.
Therefore, it is thought that there is a high possibility of receiving support in the 1st and 2nd sections, so we need to think about countermeasures.
The price is currently down, so if you create a trading strategy now, you should be careful because that trading strategy may not work well for you.
Recognizing that a shake-up is underway to reverse the mid- to long-term trend, you should align your pre-established trading strategy with your buys for next year's bull market.
The buying method I mentioned yesterday is a buying method that does not require any plotting on the chart, and I thought it was suitable for buying for next year's bull market.
The method is based on the MS-Signal indicator. (based on 1D chart)
1. Buy when the price is above the MS-Signal indicator and is about to close on a falling candlestick.
2. Buy when the price is below the MS-Signal indicator and is about to close on a rising candlestick.
It is a method of continuously dividing and buying in the same way as 1 and 2 above.
The most important thing in this method is the purchase amount when buying splits.
If you set the purchase amount too high, there is a high possibility that your funds will be depleted quickly, and if the amount is too small, you will not be able to buy as much and it will rise.
Therefore, it is important how you control the purchase amount.
Therefore, when the price rises, you must recover the principal amount of the purchase by selling at each purchase unit price.
(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.
The 'SHORT' position entered around 23390.5 is
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
End of transaction: Around 17864.7
You can drag it for a long time in the same way as above.
It passed the M-Signal indicator on the 1W chart and fell.
Therefore, full-fledged position entry is expected to be possible.
-------------------------------------------
(BTCKRW 1D chart)
You need to check if it is supported around 27317000.
If not, a decline is expected around the downtrend line (2).
Since it fell from the HA-High indicator of the 1W chart to be newly created, the possibility of falling to the vicinity of the HA-Low indicator of the 1W chart is open.
The HA-Low indicator point on the 1W chart is at the 22424000 point.
However, since the HA-Low indicator may move as the price declines, you should check if it is supported in the area where it moved.
------------------------------
- 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.
** 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.
---------------------------------
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)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
The USDT and USDC charts are still in an uptrend.
Despite the decline of BTC, BTC dominance is showing a decline.
This can be interpreted as meaning that the price defense of altcoins is taking place.
This phenomenon is expected to make it difficult to predict the trend of the coin market in the future.
Therefore, there is a growing possibility that in the current price range, i.e. below BTC's 29K, you will not be a good buy for next year's bull market.
USDT dominance is showing a rise above 7.86.
We need to see if we can get resistance around 7.86 and drop.
If not, you should check if you get resistance around 8.25.
---------------------------------------
----------------------------
(BTCUSDTPERP 1D Chart)
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
3rd: Around 17864.7
You need to make sure it is supported in the vicinity of the 1st, 2nd and 3rd order above.
As it fell below the 1st section, it fell below the center section of the shaking section.
The HA-Low and HA-High indicators are correlated.
This means that if it is supported and rises from the HA-Low indicator, it is likely to rise to the vicinity of the HA-High indicator.
Conversely, if it falls from the HA-High indicator, it can be interpreted that there is a possibility of falling to the vicinity of the HA-Low indicator.
Therefore, it is expected to fall to around 16422.6, the point of the HA-Low indicator, unless there is an anomaly.
However, if USDT and USDC create a gap and maintain an upward trend, it is highly likely that it will not fall to the vicinity of the HA-Low indicator.
Therefore, there is a possibility that it will drop to around 17.8K mentioned earlier.
I think the 1st and 2nd sections are the support sections of the forces that led the rise in 15K-16K.
Therefore, it is thought that there is a high possibility of receiving support in the 1st and 2nd sections, so we need to think about countermeasures.
The price is currently down, so if you create a trading strategy now, you should be careful because that trading strategy may not work well for you.
Recognizing that a shake-up is underway to reverse the mid- to long-term trend, you should align your pre-established trading strategy with your buys for next year's bull market.
The buying method I mentioned yesterday is a buying method that does not require any plotting on the chart, and I thought it was suitable for buying for next year's bull market.
The method is based on the MS-Signal indicator. (based on 1D chart)
1. Buy when the price is above the MS-Signal indicator and is about to close on a falling candlestick.
2. Buy when the price is below the MS-Signal indicator and is about to close on a rising candlestick.
It is a method of continuously dividing and buying in the same way as 1 and 2 above.
The most important thing in this method is the purchase amount when buying splits.
If you set the purchase amount too high, there is a high possibility that your funds will be depleted quickly, and if the amount is too small, you will not be able to buy as much and it will rise.
Therefore, it is important how you control the purchase amount.
Therefore, when the price rises, you must recover the principal amount of the purchase by selling at each purchase unit price.
(1h chart)
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.
The 'SHORT' position entered around 23390.5 is
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
End of transaction: Around 17864.7
You can drag it for a long time in the same way as above.
It passed the M-Signal indicator on the 1W chart and fell.
Therefore, full-fledged position entry is expected to be possible.
-------------------------------------------
(BTCKRW 1D chart)
If not, a decline is expected around the downtrend line (2).
Since it fell from the HA-High indicator of the 1W chart to be newly created, the possibility of falling to the vicinity of the HA-Low indicator of the 1W chart is open.
The HA-Low indicator point on the 1W chart is at the 22424000 point.
However, since the HA-Low indicator may move as the price declines, you should check if it is supported in the area where it moved.
------------------------------
- big picture
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.
** 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.
---------------------------------
Comment:
How is your current state of mind as BTC is falling?
We are experiencing the wiggle room for the medium and long-term trend reversal that we talked about before the price fell.
Good opportunities always come.
However, it is always a problem whether you are in your condition to seize the opportunity.
As always, having a trading strategy in place prior to this volatility is of utmost importance.
Trading strategies should always be written with both upside and downside in mind.
Because otherwise, there's no way to deal with the movement going the opposite way you thought it would.
By all means, I hope you buy well in this ongoing wiggle and get good results for next year's bull market.
We are experiencing the wiggle room for the medium and long-term trend reversal that we talked about before the price fell.
Good opportunities always come.
However, it is always a problem whether you are in your condition to seize the opportunity.
As always, having a trading strategy in place prior to this volatility is of utmost importance.
Trading strategies should always be written with both upside and downside in mind.
Because otherwise, there's no way to deal with the movement going the opposite way you thought it would.
By all means, I hope you buy well in this ongoing wiggle and get good results for next year's bull market.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
The 21023.14-21853.06 section was set as the middle section of the shaking section.
It is expected to have a corresponding fluctuation range of up to about 15.5% centered on the middle section.
At this time, it is necessary to check whether it is supported in the vicinity of 19176.93-20050.02, which is an important section.
As mentioned in the text, there is a possibility of falling to the vicinity of the HA-Low indicator, so if it drops sharply, it is expected to touch around 16.5K and rise.