readCrypto

Important to keep the price above 16.7K

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)
I need to see if a move out of 44.07B-44.807B can come out.

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)
A drop in BTC dominance means that funds are concentrated towards altcoins.


(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 8.11.


I don't see any new funds coming in to USDT or USDC, but the coin market is showing a rise as BTC dominance and USDT dominance fall.

In order to maintain the upward trend of the coin market, at least USDT or USDC should not show any withdrawal of funds.

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(BTCUSDTPERP 1D chart)
In order to turn into a short-term uptrend, the key is whether the price can maintain the price by rising above 16730.0 and above MS-Signal.

So, you need to make sure you can keep the price above 16730.0.

If not, you should check if it is supported in 16422.6-16580.6.


StochRSI entered the overbought zone.

Therefore, it is important to find support around 16730.0 when exiting the overbought zone.


With the 5-7 Jan volatility period, finding support around 16730.0 becomes even more important.


It's an important move to overcome going forward.

To continue the new trend, we need to keep the price above 16422.6.

It needs to rise above 17108.7 to continue the short-term uptrend.

In order to turn into a mid- to long-term uptrend, it must rise above 17864.7.

To create a new trend change, it needs to break out of the downtrend line (1).



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

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

However, since the current movement of funds in the coin market is not so good, I think it is unreasonable to think of the main position as 'LONG'.

Therefore, I think it is necessary to enter the position according to the sideways section showing the current movement.

Therefore, in order to set the main position to 'LONG', the price must be maintained by rising above 17108.7.


It touched 'S2', 16938.1-16987.1 and fell, entering a new 'SHORT' position.

1st selling point: 16730.0-16801.5
2nd: 16580.6-16613.5

At the end of the transaction
1. When the entry price is touched
2. When touching the M-Signal of the 1D chart
3. When resistance falls below 5EMA on the 1D chart
4. When touching around 16422.6


Entering a position in the 16730.0-16801.2 section and 16491.9-16531.4 section is likely to require a very quick response, so I think it is better not to enter this section if possible.


To set the main position
- 'SHORT' when receiving resistance at 16422.6(S1)
- 'LONG' for upheld at 17108.7(L1)
I think it would be better to think as above and proceed with the transaction.

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(BTCKRW 1D chart)
You need to keep the price above 20840000-21162000 and see if it can rise above 22339000.

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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:
(NAS100USD + DXY + XAUUSD 1D Chart)
The question is whether the price can hold above 10978.7 on the NAS100USD chart.

The question is whether resistance can be found around 105.292 on the DXY chart.
Comment:
(BTCUSDT 1D chart)
If the price holds above 16740.64, I would expect a short-term upside turn.

However, since the HA-High line is passing at 17115.96, it is expected that the price will continue to rise above this point and maintain the price.

[Example of exchange chart setup]

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

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