readCrypto

The volatility period below mid-March is...

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)


It has filled the previous big drop on the USDT chart.

It did not rise by creating a pure gap, but it showed an upward trend by creating a significant number of gaps.

It is because we think that the rise with a gap on the USDT or USDC chart is evidence that funds have flowed into the coin market.

Conversely, USDC suffered significant losses during the volatility period of March 9-11.

It showed a large drop while creating a gap, and fell again while creating a falling candlestick.


Despite the decline of BTC, BTC dominance is showing a downward trend.

It means that funds are concentrated on the altcoin side, which is interpreted as meaning that altcoins are defending the price.

This phenomenon can never be seen as a good phenomenon, but it seems that we will only know if it is a movement such as a last-ditch struggle to survive, where altcoins can no longer fall.


It is showing really complex and difficult to understand movements. (USDT, USDC, BTC.D)

I think it is the USDT dominance chart that helps us understand this complicated situation at once.

It can be seen that USDT and USDT dominance have a great influence on the coin market.

Therefore, if you understand even one of the USDT dominance charts, I think you can get more help in understanding the movements of the USDT, USDC, and BTC dominance charts.

A rise in USDT dominance means a fall in the coin market (usually BTC price movement).

Therefore, it can be seen that USDT dominance moves opposite to the movement of the coin market.

If it rises above the current section, 7.86-8.25, there is a possibility of renewing the ATH.

If that happens, the coin market is expected to show a significant decline.

Therefore, the important question is whether it can be resisted by falling in the 7.86-8.25 area.


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.

Therefore, we expect the move around March 16th to be a prelude to volatility.


On the ETHUSDT chart, around March 12 (March 11-13) is a period of volatility, so you need to check the movement of ETH.

If ETH leads the uptrend of the coin market, it is likely to be a short-term uptrend, so be careful.

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When I refer to periods of volatility, they are periods marked using StochRSI and support and resistance points.

Therefore, when the waves of StochRSI change, the volatility period may also change.


The HA-Low and HA-High indicators created for trading are paired indicators.

Therefore, when falling from the HA-High indicator, most of them touch the HA-Low indicator.

Conversely, when rising from the HA-Low indicator, most of them touch the HA-High indicator.

Therefore, if it does not rise above the HA-High indicator on the 1W chart, it can be interpreted that there is a high possibility of touching the HA-Low indicator.

It is expected to touch near the point where the current HA-Low indicator is located, or near the moved point when the HA-Low indicator moves.

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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 (up to 16.4K)
You need to make sure it is supported in the vicinity of the 1st-3rd order above.


The first section is an important section from a mid- to long-term perspective.

Therefore, I think that the upward trend is highly likely to open only when it rises above the 1st interval.


The 2nd section is a meaningful support and resistance section that made it possible to create a cup pattern by rising to section A.

Therefore, it is important whether it is supported or resisted in the secondary section.


The 3rd section consists of the HA-Low indicator point (17864.7) on the 1W chart and the HA-Low indicator point (16580.6) on the 1D chart.


In this way, the 1st to 3rd sections are important sections, and I think they are sections where divisional purchases can be made.


As always, when the price goes down, the saying goes that it will go down even more.

If you believe only these words and do nothing, you are the one who loses in the end.

Therefore, if it shows support in an important section, you should prepare for a rebound or trend reversal by split buying.

These split buys should be made on the assumption that they could go further down.

If not, you will suffer from psychological anxiety and pressure after you buy.

This is because it is highly likely that this mental state will make it impossible to trade properly, resulting in a small profit or stop loss, resulting in a large period of loss.



(1h chart)
The explanation of the 1h chart is about 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.

You can end the transaction whenever you want.

In particular, if you touch 5EMA or M-Signal on the 1D chart, it is recommended to close the transaction and check the situation if possible.


To enter a position that requires a quick response, we will inform you after touching 5EMA on the 1D chart.

Currently, by touching the M-Signal indicator of the 1W chart, the information about entry into a full-fledged position has been drawn on the screen.

However, in order to maintain the 'LONG' position, it is expected that the M-Signal of the 1W chart and the M-Signal of the 1D chart will be crossed to continue the upward trend, so there must be a countermeasure for this.

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(BTCKRW chart)
It is necessary to check whether it is supported near 27317000 or near the point where the HA-Low indicator on the 1D chart moves.

If not, you should touch near the downtrend line (2) and see if it can go up.

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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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[Example of exchange chart setup]

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

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