A rise above 83.318B with a gap signals a trend reversal
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(USDT chart)
What is important in the market cap chart is whether a gap has occurred.
In a market that operates 24 hours a day, 365 days a year, the occurrence of a gap means that funds are moving rapidly.
In that sense, I think the rise in the gap is the basis for the inflow of new funds.
On the contrary, I believe that the gap decline is evidence that funds have flowed out of the coin market.
Accordingly, the key is whether the gap can rise above 83.318B.
I do not think that the movement of candlesticks has much to do with the inflow and outflow of funds on the basis that trading is actively taking place.
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(USDC chart)
The gap is showing an increase above 26.143B.
The key is whether the gap can rise above the HA-Low indicator (26.212B) on the 1D chart and be maintained.
What is important is whether this gap increase can serve as an opportunity to change the trend.
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(BTC.D chart)
BTC dominance is located around 50.
It can be interpreted that funds were moved from the altcoin side to BTC.
This trend is expected to continue until around 61-68.
This trend is expected to take place due to the BTC Halving next year.
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(USDT.D chart)
If it shows support around 8.03, it is expected to renew the new high (ATH).
The section that begins to be considered a bullish market will be felt as it falls below 6.6.
Accordingly, what you should focus on now is BTC or ETH.
Since altcoins have fallen a lot now, you might think that if you buy now and wait, you can make big profits.
However, the waiting is quite tedious and dangerous.
This is because psychological anxiety can increase due to fear of not knowing when the trend will turn to an upward trend.
Therefore, below BTC 29K, you need to focus on BTC or ETH and increase the number of coins you hold.
Also, it is a good idea to make the first purchase of a coin (token) among altcoins that you think is worth trading in the mid to long term.
The reason for making the first purchase is so that you can feel the price changes directly.
Secondary buying of altcoins can begin when BTC rises above 32K.
However, secondary purchases of altcoins can be made slowly since the range is currently quite large, up to 43K.
In order to trade, we need to have a trading strategy in mind.
As mentioned above, this trading strategy must be gradually developed into a detailed trading strategy based on a mid- to long-term trading strategy.
What is important here is that the mid- to long-term perspective, that is, the big-picture trading strategy, should not change.
This is because if you frequently change the big picture trading strategy and are unable to match the detailed strategy accordingly, you may proceed with trading in the wrong direction.
Day trading is a good trading method in that respect.
However, day trading may be less profitable than mid- to long-term trading, so it is recommended to combine it with mid- to long-term trading.
The obvious coins for mid- to long-term transactions are BTC or ETH.
So, I am saying that the current position is a time to focus on BTC or ETH.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
In a market that operates 24 hours a day, 365 days a year, the occurrence of a gap means that funds are moving rapidly.
In that sense, I think the rise in the gap is the basis for the inflow of new funds.
On the contrary, I believe that the gap decline is evidence that funds have flowed out of the coin market.
Accordingly, the key is whether the gap can rise above 83.318B.
I do not think that the movement of candlesticks has much to do with the inflow and outflow of funds on the basis that trading is actively taking place.
-------------------------------------------
(USDC chart)
The key is whether the gap can rise above the HA-Low indicator (26.212B) on the 1D chart and be maintained.
What is important is whether this gap increase can serve as an opportunity to change the trend.
------------------------------------------------
(BTC.D chart)
It can be interpreted that funds were moved from the altcoin side to BTC.
This trend is expected to continue until around 61-68.
This trend is expected to take place due to the BTC Halving next year.
-------------------------------------------------- ----------
(USDT.D chart)
The section that begins to be considered a bullish market will be felt as it falls below 6.6.
Accordingly, what you should focus on now is BTC or ETH.
Since altcoins have fallen a lot now, you might think that if you buy now and wait, you can make big profits.
However, the waiting is quite tedious and dangerous.
This is because psychological anxiety can increase due to fear of not knowing when the trend will turn to an upward trend.
Therefore, below BTC 29K, you need to focus on BTC or ETH and increase the number of coins you hold.
Also, it is a good idea to make the first purchase of a coin (token) among altcoins that you think is worth trading in the mid to long term.
The reason for making the first purchase is so that you can feel the price changes directly.
Secondary buying of altcoins can begin when BTC rises above 32K.
However, secondary purchases of altcoins can be made slowly since the range is currently quite large, up to 43K.
In order to trade, we need to have a trading strategy in mind.
As mentioned above, this trading strategy must be gradually developed into a detailed trading strategy based on a mid- to long-term trading strategy.
What is important here is that the mid- to long-term perspective, that is, the big-picture trading strategy, should not change.
This is because if you frequently change the big picture trading strategy and are unable to match the detailed strategy accordingly, you may proceed with trading in the wrong direction.
Day trading is a good trading method in that respect.
However, day trading may be less profitable than mid- to long-term trading, so it is recommended to combine it with mid- to long-term trading.
The obvious coins for mid- to long-term transactions are BTC or ETH.
So, I am saying that the current position is a time to focus on BTC or ETH.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
[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/
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