readCrypto

Need to see if it can get out of 22.4K-24.2K

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 will be a question of whether the gap can continue to rise above 68.468B.

(USDC 1D chart)
If it falls below 39.675B-42.563B, the coin market is likely to enter a recession.


(BTC.D 1D chart)
The key is whether it can decline after receiving resistance in the 43.75-45.68 section.

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 BTC dominance starts to decline near 39.56-40.44, I expect this uptrend to be extended.


(USDT.D 1D chart)
A rise above 6.90-7.27 is expected to cause the coin market to plummet.

As USDT and USDC move, there is a possibility that the area around 5.89-6.21 will be the peak of this uptrend.

Therefore, it is necessary to ensure that funds are continuously flowing in USDT and USDC.

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(BTCUSDTPERP 1D Chart)

when it rises,
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.

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.


If funds continue to flow in through USDT and USDC, I think there is a possibility that it will rise above 26K.

However, since funds are showing an outflow through USDC, I think it is highly likely to limit the current uptrend.

In addition, since USDC is located in the risk zone of 39.675B-42.563B, if it does not break out by rapidly rising in the gap, I think it will eventually lead to a decline.


Since the HA-Low indicator on the 1M chart was formed at the 20984.7 point, from a long-term perspective, the area around 20984.7 is a buying point.

However, since it is not yet ready to continue its mid- to long-term upward trend, I think it is highly likely to shake up and down around 20984.7.

When the shaking comes out like this, I think the important section is 16.4K-17.9K.

If it falls below this range, it will end up giving up all this uptrend.

There is a possibility that it will touch around 15K after March as time passes, but then it is time to buy aggressively.


The market always moves beyond our expectations.

Therefore, I think it is more important to see whether it is supported or resisted at an important point or area in the current price position, rather than predicting the highest point and the lowest point.

Therefore, the important points in the current price position are 22.4K and 24.2K.



(1h chart)
Full-fledged position entry is possible when you touch the M-Signal indicator on the 1D chart.

Therefore, entering the position below always requires quick judgment.


It is expected to rise and touch the 5EMA on the 1D chart.

Therefore, volatility is likely to occur.


The information on entering previous positions below remains unchanged.

When ascending after being supported in the 'L2', 22777.2-23060.6 section, it is possible to enter the 'LONG' position.

However, it is expected that the rise will start when it rises above 5EMA on the 1D chart, so this should be taken into account.
1st: 23592.1-23937.1
2nd: 24294.1-24463.0
Trade close: around 25500.0
1st S/L : Around 22471.5


When resistance is confirmed at 'S2', 22471.5, it is possible to enter the 'SHORT' position.
1st: Around 21826.1
2nd: Around 20984.7
End of transaction: around 20122.5
1st S/L : around 22975.1

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(BTCKRW 1D chart)
You should see support around 29639000.

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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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[Example of exchange chart setup]

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

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