readCrypto

Bitcoin (BTC) - September 27

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1W chart)

(USDT 1W chart)


(USDT.D 1D Chart)

(USDC.D 1D Chart)

Money flows into or out of the coin market through stable coins such as USDT and USDC.

As proof of that, it can be seen that funds moved to create a gap in the charts of USDT and USDC.

In other words, when the gap rises, USDT and USDC are newly issued and funds flow into the coin market.

When the gap falls, the stablecoins issued by USDT and USDC are converted into fiat currencies, resulting in an outflow of funds from the coin market.


A gap has occurred on the USDT chart and moved higher to around 68.468B.

A gap has occurred on the USDC chart, dropping significantly below 52.246B.

Judging by these movements, we can see that funds from all over the world flowed into the coin market through USDT.

The majority of these funds are likely to be Chinese capital.


In addition, we can see that the funds have flowed out of the coin market in large numbers through USDC.

The majority of these funds are likely to be US capital.

Therefore, it can be seen that a large amount of funds were leaked to the coin market due to bad news from the United States.

It is also necessary to check whether these funds are flowing into the stock market.

US money is likely to come from investment companies.

This is due to the strong movement to link the coin market to the stock market, which is expected to increase the likelihood of significant volatility in the investment market in the future.


As funds flowed out into the coin market, the possibility of decoupling the coin market and the stock market increased, so when the stock market rose, the coin market was more likely to fall.


If it ends with this one transfer of funds, the volatility of the coin market will not cause a panic shell.

However, if more funds flow out of the coin market when additional money flows occur, the coin market is more likely to panic.

As always, we expect the same thing to happen this time around as the money moves first and then the charts are drawn accordingly.

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(BTCUSDTPERP 1D Chart)
- If it rises above 20794.4, the main position is 'LONG'.

- The 19424.9-20794.4 section is a quick response section.

- If it falls below 19424.9, the main position is 'SHORT'.


To convert into an uptrend, the price must rise above the minimum uptrend line (1) and hold it.

If not, you should be careful with the trade as it is likely a bearish rebound.

At this time, the key is whether it is supported in the 17670.0-18374.1 section.

If it is not supported, it is expected that it will move towards the 15908.2 level.


Even if BTC rises, as explained above, it is not expected that the uptrend will be large as long as there is a large amount of money outflow from the coin market.

However, if additional funds flow into the coin market through USDT and rise above 68.468B, there is a possibility that the uptrend of the coin market will be maintained.

However, since the funds were outflowed through USDC, the possibility of decoupling the coin market and the stock market has increased.

This outflow of funds further reduces the trading volume and increases the possibility of large volatility.

If the money doesn't come back, the end is most likely a big drop.


Therefore, in this market situation, what we can do is to preserve profit and loss.

If so, selling 100% of all holdings can lead to double losses in the large volatility that will occur in the future, so you should aim.


For large volatility, please refer to the BTCUSDT 1M chart (www.tradingview.com/x/qF8klcGH/) with the rising and falling rates.

The volatility of BTC is likely to be between -25% and +25%.

Accordingly, altcoins are likely to be between -50% and +50%.

However, the rise rate of altcoins is not expected to be very high, and the decline rate is likely to be even greater.

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

So, whether it rises or falls from its current position, both require a short-term response.

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 a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

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

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
(BTC.D 1W Chart)
BTC Dominance does not indicate the rise or fall in the price of BTC, but rather lets you know if your funds are being concentrated in BTC or altcoins.

Therefore, BTC dominance by itself cannot predict the rise and fall of the coin market.


For example, if BTC dominance rises, we don't know if it's a big rise in BTC price, or if altcoins fall more as BTC price falls.


Looking at the movement of BTC dominance, when it fell to the 39.56-40.44 range, a large volatility occurred.

Therefore, we expect to see big volatility with the BTC dominance rising above 43.40 or falling to around 35.41.
Comment:
(BTCUSDT 1D Chart)
Above the uptrend line (2) and above 20131.46, we need to see if we can find support.

If not, you should check for support near the rising channel (1), 19426.43.


In order to continue the uptrend, the price must rise above the HA-High indicator to maintain the price.

To do that, it needs to either rise above 20798.16, or shake it up and down to make the HA-High indicator fall.
Comment:
A trade is needed to preserve the profit and loss in this uptrend.

It is not known how far this uptrend will continue, but I believe that the maximum breakout point will depend on whether the 21481.1-21826.1 breakout is upwards.


We recommend that you organize your portfolio in such a way that you decide which coins (tokens) you need to hold for mid- to long-term investment even if the price falls, and organize the remaining coins (tokens).

Coins (tokens) that are 100% sold should be arranged with the idea that they will not be bought again.

If not, you can organize a certain number of coins (tokens).


The basic trading method is to buy when the price goes down and sell when the price goes up.

In other words, you should buy splits when the price declines and show support at some point, and start selling splits when the price surges or finds resistance at some point.


The only way to sort out the coins (tokens) that have a large loss because the price has dropped a lot is to sell the coins (tokens) corresponding to the profit and sell the coins (tokens) that are losing as much as the profit generated.

By preserving profit and loss in this way, the generated cash will be able to secure the capacity to buy when an opportunity arises.


It's hard to give advice when the price movement turns and starts to fall.

This is because it can have a huge impact on real money.

So, we always tell you about our future moves in advance.

I hope you will remember what we said yesterday and today to prepare for any possible downturns in the future.
Comment:
(NASDAQ100 1D Chart)
The HA-Low and HA-High indicators are indicators using the trend of the Heikin Ashi candle.

Therefore, it must rise above the HA-Low indicator to turn into an uptrend.

In order to continue the upward trend, it must rise above the HA-High indicator.

Therefore, the HA-Low indicator is expected to decline in the near future.

At this time, it should be maintained above the HA-Low indicator to increase the possibility of turning into an uptrend.


Between September 28th (September 27th-29th), it is necessary to check whether it will be supported in the section 11371.9-11475.5 or higher.
Comment:
(BTCUSDTPER 1h chart)
As BTC rises, important intervals have changed.
- 24294.1
- 22751.0-23937.1
- 20794.4-21826.1
- 19424.9-20209.7
- 18895.1-18374.1
- 17670.0
- 15908.2

It is expected to move to the next point or section depending on whether it is supported or resisted in this section.

[Example of exchange chart setup]

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

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