readCrypto

The key is whether you can get out of the box area of about 9%

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.

So, the question is whether it can rise above 44.07B-45.087B.


(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.


(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)
The key is whether movement outside the 22471.5-24294.1 section can come out.

So, unless a decline below 22471.5 shows signs of resistance, further upside is likely.

In particular, it is necessary to check whether it is supported or resisted in the vicinity of 23104.6.


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.


I think this week's move is even more significant as the HA-High indicator is not showing signs of declining.

In order to continue the mid- to long-term upward trend, the price must be maintained above the HA-High indicator, so there is a high possibility that there will be a movement that causes the HA-High indicator to fall.



(1h chart)
The M-Signal on the 1D chart is rising, so we expect to touch it sooner or later.

Therefore, the flow after touching the M-Signal of the 1D chart is important.


Point 23104.6 is the point of the HA-High indicator on the 1D chart, so if it is supported at this point, it is likely to lead to further rise.

Since the 5EMA line on the 1D chart is also located near the 23104.6 point, it is necessary to check whether it is supported or resisted.


It is possible to enter the 'LONG' position when supported and rising at 'L2', 22975.1-23104.6.

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)
It is necessary to check whether there is movement out of the 27317000-29639000 section.

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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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