readCrypto

Let's make M-Signal of 1W, 1M chart in regular arrangement

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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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)
It seems that funds continue to flow in through USDT.

(USDC 1D chart)
The key is whether it can rise above 44B to turn into an uptrend.

If it falls below 39.675B-42.563B, the coin market is likely to enter a recession.


(BTC.D 1D chart)
In order for the uptrend to be prolonged, it needs resistance and a decline near 43.75.

The uptrend is expected to continue until it declines around 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.


If you look at the 1M chart of the BTC dominance chart, you can see how close the current position is to the low.

Therefore, I think that the market trend should be interpreted with a focus on the fact that BTC dominance will continue to rise.


(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.


I think you can tell whether funds are flowing into or outflowing from the coin market through USDT and USDC.

Therefore, the rise in the gap between USDT and USDC can be interpreted as an influx of funds into the coin market.

I think the fact that BTC dominance rises with the rise of BTC is a good move that can bring vitality to the coin market.

I think the rise of BTC dominance is highly likely to rise to around 56.78 in the future.

The possibility of a further rise cannot be ruled out, but it is expected that a lot of pain will follow.

The rise in BTC dominance is likely to move towards a BTC halving next year.

Therefore, BTC's driven uptrend is expected to continue.

This move is expected to be accompanied by strange phenomena when BTC dominance rises above 45.68.

That strange phenomenon is the upward movement of BTC alone.

Since this phenomenon is expected to continue until around 45K, it is expected that the proportion of altcoins held until then will need to be adjusted.

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(BTCUSDTPERP 1D Chart)
The key is whether you will touch the M-Signal of the 1M chart I mentioned before and start a decline.

If it does fall, it is likely to fall to the vicinity of the HA-High indicator on the 1W chart.

Therefore, since the current HA-High indicator is located at 19917.3, it is expected to fall to the vicinity of the HA-High indicator unless the HA-High indicator moves.


Looking at all coin (token) charts and all time frame charts, I think I touched the HA-Low and HA-High indicator points.

Therefore, it is expected to touch the area around the HA-High indicator point on the 1W chart again this time.


I think this movement will serve as an opportunity to make the M-Signal of the 1W and 1M charts in regular arrangement.

Therefore, it is expected that the upcoming decline, rise and shake will play an important role in reversing the mid- to long-term trend.


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.

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


The 'LONG' position, which entered near 'L1', 22471.5, was closed when it fell below around 24294.1.

If you have conducted the 1st and 2nd selling, it doesn't matter if you close the transaction anywhere you want.

Even so, it is recommended to close the trade by touching 5EMA or M-Signal on the 1D chart.


Therefore, it goes without saying that no positions are entered according to the position entries shown on the current chart.

It is possible to enter a 'SHORT' position that requires a quick response, as it touches the M-Signal on the 1M chart, which I said is likely to be the highest point, and is falling, but it is not an easy choice.


The next position entry will present a position entry that requires a quick response when showing a box or sideways movement.

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


Until then, I think it's good to take a break and have psychological stability.

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(BTCKRW 1D chart)
The key is whether the HA-High indicator on the 1W chart can be created by falling.

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- 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.

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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.

** 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.)

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Comment:
If you convert the Source value of the 'Strength' sub-indicator to Heikin Ashi's Close, you can see that the RSI value has re-entered the overbought zone with over 70.

Therefore, if the RSI closes above 70 this week, there is a possibility that the HA-High indicator will move following the next week's move.

Therefore, you should check whether the RSI for this week closes above 70 or below 70.

There is a possibility of misunderstanding in the article about HA-High mentioned in the main text, so it has been updated.
Comment:
The HA-Low indicator looks set to rise.

Therefore, if the HA-Low indicator is generated at point 24133.4, it is expected that there will be a movement that touches the HA-Low indicator and the MS-Signal indicator.

Therefore, it is expected that a move will emerge depending on whether it is supported or resisted by an upward break through the HA-Low and MS-Signal indicators.

However, since there is a support and resistance point at 24294.1, it is expected that the upward trend will continue only when it rises above this point.


If you are not in a position, it is recommended that you touch 5EMA and M-Signal on the 1D chart and look at the movement to think about entering a position.
Comment:
Expect to touch MS-Signal sooner or later.

Therefore, if it rises above MS-Signal or above 23937.1, it is expected to touch around 24294.1-24463.0.

If it fails to rise above the MS-Signal and falls below 23592.1, it is expected to touch 5EMA on the 1D chart.

It cannot be said that the sideways section has been created yet, so it is recommended to keep an eye on the volatility this time.

[Example of exchange chart setup]

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

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

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