Pre-drawn lines: Gives you the power to win in psychological war
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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)
If it rises above 68.468B, there is a possibility that the coin market will start a bull market.
(USDC 1D chart)
If it rises above 47.374B, there is a possibility that the coin market will start a bull market.
If it falls below 39.675B-42.563B, there is a possibility that the coin market will enter a recession.
(BTC.D 1W chart)
The key is whether it can decline after receiving resistance in the 43.75-45.68 section.
If so, I expect the uptrend to be extended until a decline near the 39.56-40.44 area.
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.
The next volatility period is around February 13th.
(USDT.D 1D chart)
I need to make sure it stays below 6.90.
A rise in USDT dominance means a fall in the coin market.
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(BTCUSDT 1W chart)
As this week's candlestick closes with a lower candlestick, the question is whether the HA-High indicator can decline.
It has risen above 20862.47, that is, above HA-Low and above MS-Signal, and is in a state of transition to a mid- to long-term uptrend.
However, in order to continue the mid- to long-term upward trend, it must rise above HA-High, so HA-High must fall.
In that sense, we need a falling candlestick where the RSI breaks out of the overbought zone.
If it fails to create a bearish candlestick and rises, you need to check if it drops near the M-Signal on the 1M chart.
(1D chart)
I think the reason why it did not fall below 22487.41 was shown by this rise.
Now, the question is whether the price can hold up above 23949.03 and enter 24K.
The A section the finger is pointing at is the first peak formed after the decline.
Therefore, whether or not it can rise above this high is a psychological factor.
Therefore, the closer you get to the high point, the stronger the resistance, and the closer you get to the bottom, the stronger the support.
However, when trading in the investment market, that is, the stock market or coin market, the closer you get to the high point, the more good news comes out, and the closer you get to the low point, the more bad news comes out.
Because of these news, individual investors are more likely to be psychologically affected and trade the opposite.
Therefore, as we get closer to the high point, we gradually change from thinking that it will lead to a sharp rise from falling.
In order to escape from these psychological elements, we draw support and resistance points and judge the situation by seeing whether we are supported or resisted at that point.
These support and resistance points must be pre-drawn before the price rises to them.
Otherwise, it may become a meaningless point because there is a possibility that it will be constructed by the operation of one's own psychological factors.
The psychological effects of conducting a transaction cannot be completely disabled.
However, we are only making preparations to escape from such psychological influences even a little.
The reason I said that the area around 23949.03 would be the high point of this rise is also because it is a support and resistance point formed near the high point where these psychological factors work.
A break below the 22487.41-22984.64 (HA-High) or a break below the MS-Signal is expected to initiate a new move.
A new move is expected to continue the mid- to long-term uptrend or serve as an opportunity to reverse the trend in the long term.
In a move like this, we expect to suffer once again.
Therefore, it is necessary to adjust the investment proportion of the altcoins you hold.
The uptrend could continue and rise above 29K.
However, when that happens, I wonder if the price of altcoins can rise together.
The reason is that more funds are not seen coming into the coin market.
Therefore, a rise in the price of BTC is likely to result in a trade conversion of selling altcoins and buying BTC as a lot of funds are consumed.
Since this is currently being captured, be careful when trading.
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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 this chart is shared, 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.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice 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 1D chart)
If it falls below 39.675B-42.563B, there is a possibility that the coin market will enter a recession.
(BTC.D 1W chart)
If so, I expect the uptrend to be extended until a decline near the 39.56-40.44 area.
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.
The next volatility period is around February 13th.
(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.
---------------------------------------
----------------------------------------
(BTCUSDT 1W chart)
It has risen above 20862.47, that is, above HA-Low and above MS-Signal, and is in a state of transition to a mid- to long-term uptrend.
However, in order to continue the mid- to long-term upward trend, it must rise above HA-High, so HA-High must fall.
In that sense, we need a falling candlestick where the RSI breaks out of the overbought zone.
If it fails to create a bearish candlestick and rises, you need to check if it drops near the M-Signal on the 1M chart.
(1D chart)
I think the reason why it did not fall below 22487.41 was shown by this rise.
Now, the question is whether the price can hold up above 23949.03 and enter 24K.
The A section the finger is pointing at is the first peak formed after the decline.
Therefore, whether or not it can rise above this high is a psychological factor.
Therefore, the closer you get to the high point, the stronger the resistance, and the closer you get to the bottom, the stronger the support.
However, when trading in the investment market, that is, the stock market or coin market, the closer you get to the high point, the more good news comes out, and the closer you get to the low point, the more bad news comes out.
Because of these news, individual investors are more likely to be psychologically affected and trade the opposite.
Therefore, as we get closer to the high point, we gradually change from thinking that it will lead to a sharp rise from falling.
In order to escape from these psychological elements, we draw support and resistance points and judge the situation by seeing whether we are supported or resisted at that point.
These support and resistance points must be pre-drawn before the price rises to them.
Otherwise, it may become a meaningless point because there is a possibility that it will be constructed by the operation of one's own psychological factors.
The psychological effects of conducting a transaction cannot be completely disabled.
However, we are only making preparations to escape from such psychological influences even a little.
The reason I said that the area around 23949.03 would be the high point of this rise is also because it is a support and resistance point formed near the high point where these psychological factors work.
A break below the 22487.41-22984.64 (HA-High) or a break below the MS-Signal is expected to initiate a new move.
A new move is expected to continue the mid- to long-term uptrend or serve as an opportunity to reverse the trend in the long term.
In a move like this, we expect to suffer once again.
Therefore, it is necessary to adjust the investment proportion of the altcoins you hold.
The uptrend could continue and rise above 29K.
However, when that happens, I wonder if the price of altcoins can rise together.
The reason is that more funds are not seen coming into the coin market.
Therefore, a rise in the price of BTC is likely to result in a trade conversion of selling altcoins and buying BTC as a lot of funds are consumed.
Since this is currently being captured, be careful when trading.
------------------------------------------
- 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.
** If this chart is shared, 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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Kommentera:
This is the same as what was explained in the previous idea chart, so the explanation will be omitted.
Kommentera:
The big picture, as I said before, has not changed.
The big picture, as I said before, is
I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K.
The big picture I'm talking about is
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.
The long-term perspective discussed above has not changed.
However, the change from what I said before to what I am currently talking about has been converted from a downward trend to a sideways trend as of December 27, 2022.
And, it is because from January 11, 2023, it was shown trying to switch from a sideways trend to a mid- to long-term upward trend.
Now is the time to move from a mid- to long-term uptrend to a long-term uptrend.
The trend is expected to start with BTC price dropping more than -10%.
The big picture, as I said before, is
I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K.
The big picture I'm talking about is
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.
The long-term perspective discussed above has not changed.
However, the change from what I said before to what I am currently talking about has been converted from a downward trend to a sideways trend as of December 27, 2022.
And, it is because from January 11, 2023, it was shown trying to switch from a sideways trend to a mid- to long-term upward trend.
Now is the time to move from a mid- to long-term uptrend to a long-term uptrend.
The trend is expected to start with BTC price dropping more than -10%.
[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/
