readCrypto

Will there be full-fledged volatility (Day 1)

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good 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)
A move was made to renew the high of November 9, 2022.

After the next volatility period, around February 22, it is necessary to check whether it is maintained above 70.07B.

(USDC 1D chart)
It will be a question of whether we can open the gap above 42.563B to turn it into an uptrend.

If it rises above 47.374B, there is a possibility that the coin market will start a bull market.

If it falls below 39.675B-42.563B, there is a possibility that the coin market will enter a recession.


(BTC.D 1D chart)
The key is whether it can fall after receiving resistance in the 43.75-45.68 section.

If so, I expect the uptrend to be extended until a decline near 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.

The next volatility period is around February 21st.


(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.


Starting around February 20th, the stock and coin markets will enter a period of volatility.

This period of volatility is expected to continue until around February 22nd.

So, you should keep a close eye on the movement from February 19-23.


We need to see if the money flowing in through USDT can continue to hold or continue the gap up, or if it starts to go down in the gap.

In particular, it is necessary to check if the BTC dominance rises above 45.68.

---------------------------------------


----------------------------

(BTCUSDTPERP 1W Chart)
If it closes as it is and a new candlestick is created, the RSI indicator related to the HA-High indicator will enter the overbought zone.

Therefore, it is expected that the HA-High indicator will move within 1-2 weeks.

It is necessary to check whether a trend appears by touching the newly moved or currently located HA-High indicator.


(1D chart)
During this volatility period around February 20-22 (up to February 19-23), it will be important if the price can keep above 24294.1.

Since the volatility period on this chart is around February 25th, it is necessary to check whether the price is maintaining above the downtrend line (2) after the above volatility period, or whether it is rising above the M-Signal on the 1M chart.


As funds continue to flow through USDT, I believe that the funds will definitely be utilized.

It is unknown when and how it will be used, but it is expected that it will eventually lead to the rise of BTC.

Also, if USDC shows an upward trend, it is judged that there is a possibility that a trend of BTC will form.


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)
If you are above the M-Signal on the 1D chart, your main position is a 'LONG' position.

Full-fledged position entry will be announced when you touch the M-Signal on the 1D chart.


The box and sidewalk section that requires quick response is the section 23592.1-24463.0.

Therefore, it is expected that a high array of transactions will be possible within this interval.


The Bollinger Bands contracted further.

Therefore, a trend is expected to form as it breaks out of the Bollinger Bands.


If it is supported and rises around 'L2', 24463.0, it is possible to enter the 'LONG' position.

1st: Around 25500.0
End of transaction: Around 27102.7

However, if the M-Signal on the 1M chart fails to rise, it is recommended to close the transaction or sell in parts to preserve profits.


If it declines after receiving resistance around 'S2', 23592.1, it is possible to enter the 'SHORT' position.

1st: 22777.2-23104.6
2nd: 22471.5
End of transaction: Around 21826.1

However, if it does not fall below the M-Signal on the 1D chart, it is recommended to close the transaction or sell in parts to preserve profits.


The entry into these positions, corresponding to the day's trade, should be considered independent of the overall flow of the chart.

Otherwise, it is highly likely that you will make a lot of stop-losses if you create a trading strategy for the day's trade that only fits the overall flow of the chart.

However, even if you create a trading strategy that corresponds to such day trading, you must use support and resistance points on the 1D chart or higher.


I'm trying to tell you how to create a trading strategy using the indicators set in this chart, using real-time charts, but it doesn't seem to be easy.

No matter what kind of trading strategy you create, don't forget that what you need in trading is support and resistance points, and you can start trading only when you check whether you are supported or resisted at these support and resistance points.

-------------------------------------------

(BTCKRW 1D chart)
The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart.

If not, you should check for support around 29639000.

In particular, we need to see if the HA-High indicator on the 1W chart can be created by falling.

------------------------------

- 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.

-------------------------------------------------- -------------------------------------------

** 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.)

---------------------------------
Comment:
(BTCUSDT chart)
The 1W chart's RSI (using Heikin Ashi's close value) indicator re-entered the overbought zone and closed.

Therefore, if it closes out of the overbought zone, the HA-High indicator is expected to move.

Therefore, there is a possibility of continuing the upward trend with support from the moved HA-High indicator without touching the current HA-High indicator point of 19900.52.

That said, there's no guarantee that you won't touch the area around 19900.52 at all, so you'll have to keep a close eye on the movement.

In any case, funds continue to flow into the coin market through USDT and USDC, so I think it will eventually create a mid- to long-term and long-term trend reversal.


Whether the HA-High indicator on the 1W chart moves again or not, it will cause the HA-High indicator on the 1M chart to fall, since it was once created by falling.

Currently, the RSI (using the close value of Heikin Ashi) on the 1M chart is around 43.

In order to cause the HA-High indicator of this 1M chart to fall, it is correct that it should rise further from a long-term perspective, as it must enter and close the overbought zone and then exit the overbought zone and close.

However, before that, the price must be maintained by rising above the MS-Signal indicator on the 1M chart.

Since the current MS-Signal indicator is located around 26K, I think there is a possibility that shaking it up and down to make it fall further will lead to the indicator calming down again and rising again.


Funds are continuously flowing into USDT and USDC.

If this trend continues, it is expected that BTC will eventually rise.

When this rise causes BTC dominance to rise above 45.68, you need to check the movement of altcoins.

This is because if BTC's monopoly begins as the altcoins that rise along with BTC's rise gradually decrease, it will create a market that is very difficult for individual investors to trade.


therefore,
1. What proportion of investment will you invest in BTC or ETH,
2. How many mid- to long-term altcoins will be held,
3. A mid- to long-term trading strategy is needed to determine how much money to set aside for day trading and short-term trading.

The deadline for all these trading strategies is next year's bull market.


Since there is always a tendency to move out of the range of predictions, it is necessary to create a trading strategy leisurely from a mid- to long-term and long-term investment perspective.

Below 29K, I think it is a buying period for all coins (tokens).

It is your choice whether to consistently make daily trades or short-term trades to earn profits, or whether to create a buying strategy from a mid- to long-term perspective this time.

No matter which way you approach it, I think next year will be a market where anyone can earn a profit.

Until then, it is time to think about how to increase my investment or how to increase the number of coins (tokens) I have and make a macro plan.
Comment:
(BTC1! chart)

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.