readCrypto

Meaning of point 20984.7 about to be created

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1D chart)
I need to see if I can keep it at 66.442B or higher.

(USDC 1D chart)
A move out of 44.07B-44.807B came out.

We need to see if it can rise above 44.07B.


The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.


(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.

The next period of volatility is around the 23rd of January.


(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.

We need to see if it can drop below 7.27.

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(BTCUSDTPERP 1D Chart)
The chart above is displayed to see the overall flow.

It started showing at the HA-Low indicator 20984.7, which is about to be created on the 1M chart.

Therefore, the point that can be purchased from a long-term perspective is 20984.7 points.

However, you need to confirm that you are supported.


If resistance is encountered at the HA-Low indicator, there is a possibility of a sharp decline, so countermeasures should also be considered.

Anyway, the fact that the HA-Low indicator on the 1M chart shows a movement to create at the current price position shows that the flow of the chart is changing.

In order to keep the flow on these charts, it is expected that it will stay if it does not fall below the downtrend line (1).


The volume profile point of the 1M chart started to form at 19411.7 point, and after 5 months, it showed an upward breakout.

Therefore, maintaining the price above 19411.7 is important from a long-term perspective.


However, it is most important to keep the price above 20984.7 as the HA-Low indicator on the 1M chart is about to form at the 20984.7 point.

A shift to a new trend does not necessarily lead to an uptrend.


If it rises above the HA-High indicator on the 1W chart, it is highly likely to continue its mid- to long-term upward trend.

Therefore, since the current HA-High indicator point on the 1W chart is located at 59409.3 point, it is highly likely that it will shake up and down around 20984.7 point.


What the extent of this volatility will be is yet to be seen.

However, the volume profile plotted on the chart is formed over 19411.7-24294.1.

Therefore, it is necessary to check whether there is movement within the range of 19411.7-24294.1.

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(1h chart)
If the price is maintained above the M-Signal line of the 1D chart and above 17108.7, the main position is 'LONG'.

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


HA-High began to form a horizontal line, and MS-Signal rose above 20570.1 points.

Therefore, a move away from 20570.1-20984.7 is expected in the near future.


In my chart, the MS-Signal indicator plays an important role, so when starting a trade, if possible, it is recommended to check whether there is support or resistance near the MS-Signal indicator before starting the trade.


If you are confirmed to be supported in 'L1', 20794.4-20984.7, you can enter the 'LONG' position.

1st selling point: around 21826.1
2nd: 22471.5-22975.1
Close transaction: 23937.1-24294.1


In order to enter a full-fledged 'SHORT' position, it must fall below the M-Signal on the 1D chart.

Therefore, a quick response is required when entering the 'SHORT' position near 'S2', 20570.1.

1st selling point: around 20122.5
Trade Closed: 19188.6-19411.7


Important indicators to look at when trading are HA-Low, HA-High, MS-Signal, M-Signal, and 5EMA on the 1D chart.

You should be able to change your position flexibly depending on whether you touch this indicator and receive support or resistance.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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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.

** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(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:
(ZECUSDT 1D chart)
If it rises above 49 and shows support, it is expected to rise to around 78.9.

Can it rise above 49?

[Example of exchange chart setup]

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

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