Get support at long-term buy points
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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)
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.
It is necessary to check which direction it deviate from the 6.90-7.27 section.
Funds coming into USDT are currently stagnant.
This means that funds are not flowing in or out through USDT.
I think the movement of these funds means that the funds that have entered the current coin market are coming and going, leading to volatility.
Therefore, if the BTC price rises further from the current state, it is highly likely that more altcoin funds will be concentrated in BTC.
Accordingly, you should be wary of rapid volatility in altcoins.
I think the rise of BTC dominance and the fall of USDT dominance are the basic movements to go to the bull market.
The rise of BTC dominance should not be infinite.
The reason is, as I said above, that funds are currently stagnant.
For a bigger bull market, BTC dominance should rise above 55.01 and then fall.
However, if this happens, the price of the altcoin will drop tremendously due to the current stagnation of funds.
Therefore, it should show a decline after rising around 43.75-45.68.
For this reason, the current pumping of altcoins is risky pumping.
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(BTCUSDTPERP 1D Chart)
We need to see if the price can sustain it by rising above the 20984.7 point, which is expected to be a key point.
On the current chart, the next period of volatility is from around the 23rd of January.
However, judging from the various charts, it is likely to start around the 21st of January.
On the current chart, it would be important if the price could hold above 20984.7 around January 19th, a period of mild volatility.
The reason is that the day when the -100 indicator point crosses the downtrend line (1) is likely to generate volatility.
Due to the volatility at this time, it is judged that the possibility of falling to 17.9K is small, but since there is an important support and resistance point near the current price, it is necessary to see whether it is supported or resisted at this point.
Everyone is trying to catch the market trend with the upcoming economic indicators or the comments of various celebrities.
These announcements made my psychological state unstable, and I think it is highly likely to lead my trading strategy in the wrong direction.
Therefore, you will be trading in an unstable state of mind throughout the transaction.
Investment and trading should be carried out in a comfortable and stable state of mind in order to maintain the possibility of success and the ability to cope with volatility, leading to successful trading.
The price aspect I'm talking about is whether it's supported or resisted at important support and resistance points or sections.
Therefore, in a way, the movement of the market can be said to be simple.
I think we are making it difficult for ourselves to look at the market by using all sorts of analysis techniques to predict simple movements.
Put down all your analysis techniques and look at the charts.
Then, mark support and resistance points on the chart.
When drawing support and resistance points, draw them so that they do not reflect your psychological state.
This is because the points of support and resistance drawn by reflecting your psychological state will be available for trading anyway.
The way to check whether there is support or resistance is to observe the movement of the chart in real time over a long period of time, and you become accustomed to it without knowing it.
If you have this kind of eye, you will not make a big loss by trading.
Because cutting your losses is the best way to get big profits.
While explaining the BTCUSDTPERP 1D chart, you may think that I am talking nonsense, but please read it carefully as it is not easy to come across in real life.
If the price of BTC rises further due to stagnant funds in the coin market, the price of altcoins will likely fall further.
That said, if the BTC price declines here or a pull back pattern emerges, altcoins will show a greater decline.
So, I think I've come to a situation where I can neither do this nor that.
After this period of volatility, the market is expected to undergo new changes.
We don't know if the change will actually bring us big profits, but one thing we can know is that the price of altcoins will go down.
The mid- to long-term trend I see is a picture that moves sideways in the M-Signal section (approximately 17K-24K) of the maximum downtrend line (1) to 1M chart.
This sideways movement will bring us a new trend change, which will lead us to an uptrend in the near future.
-------------------------------------------
- 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 begin 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.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice 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 1D chart)
(USDC 1D chart)
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)
The next period of volatility is around the 23rd of January.
(USDT.D 1D chart)
It is necessary to check which direction it deviate from the 6.90-7.27 section.
Funds coming into USDT are currently stagnant.
This means that funds are not flowing in or out through USDT.
I think the movement of these funds means that the funds that have entered the current coin market are coming and going, leading to volatility.
Therefore, if the BTC price rises further from the current state, it is highly likely that more altcoin funds will be concentrated in BTC.
Accordingly, you should be wary of rapid volatility in altcoins.
I think the rise of BTC dominance and the fall of USDT dominance are the basic movements to go to the bull market.
The rise of BTC dominance should not be infinite.
The reason is, as I said above, that funds are currently stagnant.
For a bigger bull market, BTC dominance should rise above 55.01 and then fall.
However, if this happens, the price of the altcoin will drop tremendously due to the current stagnation of funds.
Therefore, it should show a decline after rising around 43.75-45.68.
For this reason, the current pumping of altcoins is risky pumping.
---------------------------------------
(BTCUSDTPERP 1D Chart)
We need to see if the price can sustain it by rising above the 20984.7 point, which is expected to be a key point.
On the current chart, the next period of volatility is from around the 23rd of January.
However, judging from the various charts, it is likely to start around the 21st of January.
On the current chart, it would be important if the price could hold above 20984.7 around January 19th, a period of mild volatility.
The reason is that the day when the -100 indicator point crosses the downtrend line (1) is likely to generate volatility.
Due to the volatility at this time, it is judged that the possibility of falling to 17.9K is small, but since there is an important support and resistance point near the current price, it is necessary to see whether it is supported or resisted at this point.
Everyone is trying to catch the market trend with the upcoming economic indicators or the comments of various celebrities.
These announcements made my psychological state unstable, and I think it is highly likely to lead my trading strategy in the wrong direction.
Therefore, you will be trading in an unstable state of mind throughout the transaction.
Investment and trading should be carried out in a comfortable and stable state of mind in order to maintain the possibility of success and the ability to cope with volatility, leading to successful trading.
The price aspect I'm talking about is whether it's supported or resisted at important support and resistance points or sections.
Therefore, in a way, the movement of the market can be said to be simple.
I think we are making it difficult for ourselves to look at the market by using all sorts of analysis techniques to predict simple movements.
Put down all your analysis techniques and look at the charts.
Then, mark support and resistance points on the chart.
When drawing support and resistance points, draw them so that they do not reflect your psychological state.
This is because the points of support and resistance drawn by reflecting your psychological state will be available for trading anyway.
The way to check whether there is support or resistance is to observe the movement of the chart in real time over a long period of time, and you become accustomed to it without knowing it.
If you have this kind of eye, you will not make a big loss by trading.
Because cutting your losses is the best way to get big profits.
While explaining the BTCUSDTPERP 1D chart, you may think that I am talking nonsense, but please read it carefully as it is not easy to come across in real life.
If the price of BTC rises further due to stagnant funds in the coin market, the price of altcoins will likely fall further.
That said, if the BTC price declines here or a pull back pattern emerges, altcoins will show a greater decline.
So, I think I've come to a situation where I can neither do this nor that.
After this period of volatility, the market is expected to undergo new changes.
We don't know if the change will actually bring us big profits, but one thing we can know is that the price of altcoins will go down.
The mid- to long-term trend I see is a picture that moves sideways in the M-Signal section (approximately 17K-24K) of the maximum downtrend line (1) to 1M chart.
This sideways movement will bring us a new trend change, which will lead us to an uptrend in the near future.
-------------------------------------------
- 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 begin when it rises above 29K.
-------------------------------------------------- -------------------------------------------
** 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.)
---------------------------------
Comment:
(ETHUSDT 1M chart)
Based on current trends, the next period of volatility is around February 2024.
(1W chart)
The next period of volatility is from around the week of February 27 to around the week of April 3.
At this time, the important thing is whether you can make the HA-High indicator fall.
As the volatility period approaches, you need to see where you find support or resistance.
(1W chart)
At this time, the important thing is whether you can make the HA-High indicator fall.
As the volatility period approaches, you need to see where you find support or resistance.
[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/
However, since the reservation order was not placed, it partially entered and sold at 21472.0, and then touched the entry price and ended the transaction.
If support is confirmed near 'L1', 20570.1-20984.7, it will enter 'LONG'.
1st: Around 21826.1
Secondary 22471.5-22975.1
Close transaction: 23937.1-24294.1
However, since MS-Signal is a trend indicator, if it falls below this indicator, when it rises and shows support, it will enter 'LONG'.
The 5EMA line on the 1D chart is rising near 'S2', 20570.1-20794.4.
Therefore, if it falls below the 5EMA line on the 1D chart and shows resistance, we will enter a 'SHORT' position.
1st: around 20122.5
Trade Closed: 19188.6-19411.7
Full-fledged entry into a 'SHORT' position is possible when resistance falls below the M-Signal on the 1D chart.
Therefore, 'SHORT' entering from 'S2' section requires a quick response.