readCrypto

This week, it will be a matter of keeping the price above 19.9K

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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This is the first chart to change the background color of the chart.
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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 1D chart)
It will be a question of whether the gap can continue to rise above 68.468B.

(USDC 1D chart)
If it falls below 39.675B-42.563B, the coin market is likely to enter a recession.


Since the movements of USDT and USDC are moving in opposite directions, it can be interpreted that the market is showing a mixed trend.

However, if USDT's funds are not withdrawn from their current position, the market is likely to recover faster than expected.


(BTC.D 1D chart)
In order for the uptrend to be prolonged, it needs resistance and a decline near 43.75.

The uptrend is expected to continue until it declines around 39.56-40.44.

Otherwise, if it rises above 45.68, there is a possibility that a strange market will be formed where only BTC rises, or the coin market will show a large decline.


(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.


No matter what the movements of the USDT, USDC, BTC.D charts are, you should pay the most attention to the movement of USDT dominance in the short term.

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(BTCUSDTPERP 1D Chart)
The HA-High indicator on the 1W chart is expected to be created at 19917.3.

Therefore, if the price is maintained above 19917.3, it is expected to continue its mid- to long-term uptrend.


However, since the money flows of USDT and USDC are moving in opposite directions, it is not easy to predict the market trend.

Therefore, according to the 'Strength' indicator,
1. Uptrend: 1
2. Stationary: 2
3. Downtrend: 1
Due to the above results, it can be assumed that there is a sideways movement.

This crosswalk has the potential to form a pull back section.

So, as I said before, there is the possibility of making the handle of the cup patter.


What is important now is the fact that it is stationary and sideways.

It is expected to break out of the 20984.7-22471.5 zone for the sideways to break.

Therefore, we need to check and respond to the support and resistance points and S/L points of the altcoins that we have until then.


The most important indicator in my chart is the MS-Signal indicator.

If the price is below this indicator, it is likely to continue a downtrend, and if it is above it, it is likely to continue an uptrend.

Therefore, when combined with the 'Strength' indicator above, the conclusion can be interpreted as a weak downtrend.


It is necessary to check whether the movement continues within the expected channel formed by the downtrend line (1), downtrend line (2), and uptrend line (3), or whether it forms a sideways section.


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
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.



(1h chart)
Since the price is located below the M-Signal on the 1D chart, the main position is 'SHORT'.

Therefore, a quick response is required when entering a 'LONG' position.


It is expected that high-magnification boxes and sideways sections that require quick response have been created.

This section is the section 21505.6-22027.3.

Therefore, it is expected that high multipliers can be traded as 'L2' -> 'S2', 'S2' -> 'L2'.

However, if the price rises above 21826.1 again when trading from 'L2' -> 'S2', it is recommended to close the trade and check the situation.



A quick response is required, but when the low magnification is supported around 'L2', 22027.3, it is possible to enter the 'LONG' position.

However, it is expected to continue rising only when it exceeds 5EMA and M-Signal on the 1D chart, so if it shows resistance, it is recommended to preserve profits by selling in parts.

1st: around 22471.5
End of transaction: around 22975.1


When it shows resistance around 'S2', 21505.6, it is possible to enter the 'SHORT' position.

However, if it does not fall below the M-Signal on the 1W chart, it is recommended to preserve profits by selling in parts.

1st: Around 20984.7
End of transaction: around 20122.5


Looking at the movement so far, it seems that around 21726.6 is the center point of this box, sideways section.

Therefore, a more aggressive position is expected to be able to enter the position depending on whether it is supported or resisted at 21726.6.


A full-fledged position is currently in progress.

'S1', 'SHORT' position entered near 22471.5 is in progress.
1st: Around 21826.1
2nd: Around 20984.7
End of transaction: around 20122.5

It fell below 21826.1 and became the first round of selling.

If the price rises and rises above 5EMA on the 1D chart, it is recommended to close the trade and assess the situation.

If not, you can proceed with the transaction.

However, since the M-Signal on the 1W chart is rising, if it fails to fall below the M-Signal on the 1W chart, it is recommended to sell some of the items to be sold at the secondary selling point and observe the situation.

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(BTCKRW 1D chart)
It is necessary to check whether there is movement out of the 27317000-29639000 section.

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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.

** 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.)

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Comment:
I've noticed how difficult it can be to change the background color of a chart.

Therefore, as a compromise, we will publish with a blue chart for the time being.

Thank you for leaving many comments.
Comment:
Comment:
In any case, if you can trade according to the rules and trading strategies you set, you are very likely to make a big profit in the end even if you lose money.


My trading strategy is simple.

When you touch the M-Signal indicator on the 1D chart, the full-fledged position is determined.

And, if you form a box or sideways section, you decide a short position that requires a quick response.


A full-fledged position means a big trend.

The main entry position is a full-fledged position.

Therefore, we trade with short positions that require a quick response until we enter a full-fledged position again.


At the end of the transaction
1. When touching near the entry price
2. When touching 5EMA or M-Signal on the 1D chart and moving in the opposite direction
3. When touching near the end of the transaction

The above trading end time is applied in common to all position entries.


When a box or sidewalk section is formed, enter the position based on the bottom and top points.

This is a short position entry that requires a quick response, and trading within the box and sideways ranges can be traded for high magnification.

That requires a very quick response.


When a full-fledged position entry is not possible or the transaction is closed, a way to enter with a low multiplier is to enter the position according to the direction out of the box or sideways section.

The most important thing in entering a short position that requires a quick response is quick judgment.


In this way, it is better to wait for the next opportunity without entering a position when it is unclear whether it is supported or resisted because it determines whether it is supported or resisted at support and resistance points.


I hope you can make a lot of profit with the trading strategy that suits you.
Comment:
The HA-High indicator on the 1W chart was created at 1460.54.

Therefore, the key is whether it can rise with support around 1460.54.

If not, I expect it to decline around 1340.12.


It is important to be supported in the 1340.12-1460.54 section to maintain and continue the mid- to long-term uptrend.


If it rises above the 1777.05-1879.61 section, it is expected to rise around 2531.05-2871.13.
Comment:
USDC lost a -1.06% gap.

Accordingly, $438,748,646 appears to have disappeared from the coin market.

[Example of exchange chart setup]

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

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