readCrypto

Activation of the investment market is...

readCrypto Mod Updated   
OANDA:NAS100USD   US Nas 100
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.

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(NAS100USD chart)
The key is whether there is a movement outside the 12896.2-13418.8 section, which is an important volume profile section.

If it rises above 13231.6-13480.9, it is expected to continue its upward trend around 14710.6.

If not, and it falls below 12497.5-12716.0, I would expect a decline around 11366.9-12119.2.


The important thing is that it is maintaining an uptrend along the uptrend channel plotted on the 1D and 1W charts.

However, since the 1M chart has not yet formed an upward channel, it is necessary to check the situation in the future.

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(SPX500USD chart)
The key is whether you can maintain the uptrend along the rising channel drawn on each chart.

If it fails to do so and starts to break out of the uptrend channel one by one, it is likely to lead to a sharp decline.


If it shows an uptrend along the rising channel, I would expect it to rise above 4310.8.

Since the 1M chart's HA-High indicator is formed at 4419.8, you need to check whether it can rise above the 4252.2-4310.8 section.

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(DXY chart)
The question is whether it can move sideways below 101.494.

If it does not, and rises above 102.020-105.873, the investment market is expected to slow further.


If it moves sideways in the 98.244-101.494 section, the investment market is expected to be active.

The activation of these investment markets means that there is a high possibility of showing results different from the actual economic situation.

Therefore, it is not good to predict the prospects of the investment market, that is, the coin market, based only on the current global economic situation.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comment:
(DXY chart)
DXY is moving down along a falling channel.

Therefore, the investment market is likely to be activated.

The investment market refers to several investment products, and it is my opinion that if a phenomenon occurs in which funds are concentrated in one of the investment markets, it will gradually develop into the activation of the overall investment market centering on that investment market.


I think that the coin market is affected by the DXY chart, not the NASDAQ and SPX index charts.

This effect is attributed to changes in the value of the dollar.

[Example of exchange chart setup]

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

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