Now is the time to start drawing long-term flows.
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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)
It is necessary to confirm whether the USDT dominance moves out of 7.14-7.27.
When it is difficult to analyze the Market Cap chart, it is recommended to focus on the movement of USDT dominance.
An increase in USDT dominance is likely to lead to a decline in the coin market, so I think it is a reference to confirm the overall movement of the coin market.
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It seems that the HA-High indicator on the 1W chart will be created at 22421.2 point.
Therefore, depending on whether it finds support or resistance around 22421.2, it is expected to know whether it can continue its mid- to long-term uptrend.
If it finds support around 22421.2 and starts to rise, then it is expected to cause the HA-High indicator on the 1M chart to decline.
To do so, I would expect it to rise to around 28951.7 and then decline.
However, there is a possibility that the HA-High indicator will fall by moving sideways from the current price position, so if you check the closing position for this month, I think it will be somewhat outlined.
----------------------------
(BTCUSDTPERP 1D Chart)
It is not able to rise above the 22421.2-22471.5 section and is receiving resistance.
Therefore, I think it is becoming more important where the candle closes on March 6th.
However, in order to turn into a short-term uptrend, the price must be maintained by rising above the MS-Signal indicator.
Therefore, from a short-term perspective, the key is whether it can rise above the MS-Signal indicator.
So, from a short-term perspective, we need to see if it can rise around 23129.6.
From a mid- to long-term perspective, whether it is supported or resisted in the current 22421.2-22471.5 section determines whether it can continue its mid- to long-term uptrend, which is an important key.
In this way, depending on your investment period, your perspective is different.
Therefore, there is no need to criticize or ridicule others just because their point of view is different from your own.
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.
The HA-High indicator on the 1W chart moved and was created, so I touched it.
Therefore, directionality is expected to emerge in the near future.
Now the chart will start drawing the next picture.
I think the main character of the picture will be the movement of the HA-High indicator on the 1M chart.
(1h chart)
The explanation of the 1h chart is about 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.
It is sideways around 22335.6-22471.5.
To create a position entry based on these sideways, you need to touch at least 5EMA on the 1D chart.
(These standards are different for your trading strategy, so you don't have to use my method.)
Currently, there are almost no waves in the movement around 22335.6-22471.5, so it is virtually impossible to establish a box interval.
Therefore, I think it is good to make a trading strategy for entering a position after checking whether a box section is formed according to the volatility and waves that will occur in the future.
The 'SHORT' position entered near 'S2', 'S1', and 23390.5 is
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
End of transaction: Around 17864.7
You can drag it for a long time in the same way as above.
However, since the time to enter the position overlaps with the point where a quick response is required,
You can also set the trading end point to the 20984.7-21826.1 section and determine whether it falls below the M-Signal on the 1W chart.
-------------------------------------------
(BTCKRW 1D chart)
It is necessary to check whether there is a movement out of 29164000 ~ MS-Signal between March 5-7, which is the volatility period.
------------------------------
- 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.
---------------------------------
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 chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
It is necessary to confirm whether the USDT dominance moves out of 7.14-7.27.
When it is difficult to analyze the Market Cap chart, it is recommended to focus on the movement of USDT dominance.
An increase in USDT dominance is likely to lead to a decline in the coin market, so I think it is a reference to confirm the overall movement of the coin market.
---------------------------------------
Therefore, depending on whether it finds support or resistance around 22421.2, it is expected to know whether it can continue its mid- to long-term uptrend.
If it finds support around 22421.2 and starts to rise, then it is expected to cause the HA-High indicator on the 1M chart to decline.
To do so, I would expect it to rise to around 28951.7 and then decline.
However, there is a possibility that the HA-High indicator will fall by moving sideways from the current price position, so if you check the closing position for this month, I think it will be somewhat outlined.
----------------------------
(BTCUSDTPERP 1D Chart)
It is not able to rise above the 22421.2-22471.5 section and is receiving resistance.
Therefore, I think it is becoming more important where the candle closes on March 6th.
However, in order to turn into a short-term uptrend, the price must be maintained by rising above the MS-Signal indicator.
Therefore, from a short-term perspective, the key is whether it can rise above the MS-Signal indicator.
So, from a short-term perspective, we need to see if it can rise around 23129.6.
From a mid- to long-term perspective, whether it is supported or resisted in the current 22421.2-22471.5 section determines whether it can continue its mid- to long-term uptrend, which is an important key.
In this way, depending on your investment period, your perspective is different.
Therefore, there is no need to criticize or ridicule others just because their point of view is different from your own.
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.
The HA-High indicator on the 1W chart moved and was created, so I touched it.
Therefore, directionality is expected to emerge in the near future.
Now the chart will start drawing the next picture.
I think the main character of the picture will be the movement of the HA-High indicator on the 1M chart.
(1h chart)
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.
It is sideways around 22335.6-22471.5.
To create a position entry based on these sideways, you need to touch at least 5EMA on the 1D chart.
(These standards are different for your trading strategy, so you don't have to use my method.)
Currently, there are almost no waves in the movement around 22335.6-22471.5, so it is virtually impossible to establish a box interval.
Therefore, I think it is good to make a trading strategy for entering a position after checking whether a box section is formed according to the volatility and waves that will occur in the future.
The 'SHORT' position entered near 'S2', 'S1', and 23390.5 is
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
End of transaction: Around 17864.7
You can drag it for a long time in the same way as above.
However, since the time to enter the position overlaps with the point where a quick response is required,
You can also set the trading end point to the 20984.7-21826.1 section and determine whether it falls below the M-Signal on the 1W chart.
-------------------------------------------
(BTCKRW 1D chart)
------------------------------
- big picture
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.
---------------------------------
[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/
When considering support and resistance, you must first determine which point and which interval is important.
Since we continue to talk about how to interpret according to the movement of the HA-High indicator, we are talking about the point of the HA-High indicator.
However, the HA-High indicator on the 1W chart has only recently formed a horizontal line.
Therefore, it can be seen that the volume profile is hardly formed to serve as a support and resistance point.
Therefore, to accurately determine the support and resistance points, the 22487.41 point should be checked as a reference point.
This is because the 22487.41 point is a support and resistance point that was formed in the past and is an important point that can serve as support and resistance.
After closing below 22487.41, it can be interpreted that it is currently experiencing resistance near 22487.41 on the third day.
So, if today's candlestick fails to rise above 22487.41, it is likely that the decline is starting to increase.
Some people say that interpreting the chart with support and resistance points lacks the basic understanding and analytical ability of the chart.
However, in the end, I think it is very important from a trading point of view than any other analysis because it starts depending on whether you are supported or resisted at the support and resistance points that make you start trading.
To do so, it is necessary to study how to find support and resistance points.
If you are good at finding support and resistance points, then you can start studying analysis techniques.
Conversely, if you start studying, you will have a lot of difficulty trusting your analysis and creating a trading strategy to trade.