readCrypto

March's last period of volatility has begun

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)


In order for the coin market to maintain an upward trend, USDT dominance must decline.

A rise in BTC dominance is likely to lead to a fall in altcoins as funds are concentrated towards BTC.

Therefore, an increase in BTC dominance and USDT dominance may result in a decline in the entire coin market.

In particular, if BTC dominance maintains an upward trend, altcoins are likely to gradually move sideways or show a downward trend, so countermeasures are needed.


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.

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(BTCUSDTPERP chart)


(1D chart)
You need to make sure you can get support around 27102.7 and rise above 27656.1.

If the price holds above 27656.1, we expect a rise above 28951.7.


If not,
1st: 25882.9
2nd: 24294.1
3rd: 22421.2
You need to make sure it is supported in the vicinity of the 1st-3rd order.


The third period of volatility is March 28-31.

In this volatility period, we need to see if there is a movement out of the 25882.9-28951.7 area.

If not, you should check whether it is supported or resisted around 27656.1.

If resistance is seen around 27656.1, it is likely that it will eventually decline.


I think the 32275.6-37243.4 section is the last gateway to a full-fledged uptrend.

Therefore, if it does not rise to this range and falls below 28951.7, it is highly likely that it will turn into a downtrend, so it is necessary to think about countermeasures.


I think BTC below 29K is a buying section for next year's bull market.

Therefore, I think you should focus on BTC or ETH and how to proceed with the purchase.

When an altcoin is below BTC 29K, it is recommended to finish the 1st purchase.



(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', 27656.1 (marked in red letters)
1st: Around 27102.7
2nd : 28951.7-30000.5
Trade close: around 32275.6


- Possible to enter 'SHORT' position, which requires quick response when falling after receiving resistance around 'S2', 26907.0-27102.7
1st: Around 25882.9
End of transaction: Around 24294.1

However, if you touch M-Signal, it is recommended to sell some or close the transaction to confirm 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)
The question is whether the price can sustain its rise above 37585000.

If not, you need to check if the price stays around 36412000.


if it goes down,
1st: 35539000
2nd: 31024000-32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

The next volatility period has been moved to around April 2nd.

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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:
It is located within the position area that requires a quick response.

If resistance is received around 'S2', 26907.0, 'SHORT' position can be entered

If supported near 'L2', 27656.1, 'LONG' position can be entered

However, if you touch the M-Signal of the 1D, 1W, 1M chart, you need to check the situation after selling some or closing the transaction.


Full-fledged position entry can be confirmed by touching the M-Signal indicator.

The full-fledged position entry (black letters) shown on the chart is previous.
Comment:
A 'LONG' position that requires a quick response entered near 'L2', 27656.1 is in progress. (red text)

Point 27656.1 is the point of the HA-High indicator on the 1D chart, so if the price stays around this point, it is likely to show an uptrend.
Comment:
The 'LONG' position, which requires a quick response, which entered near 'L2', 27656.1 previously, touched the 1st sell zone and touched 5EMA on the 1D chart, ending the transaction.

Therefore, when the 'L2' point expands and shows support around 28347.5, it is possible to enter the 'LONG' position, which requires a quick response.

The rest is the same as before.


We will tell you the trading strategy for full-scale position entry when you touch the M-Signal indicator on the 1D chart.

[Example of exchange chart setup]

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

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