readCrypto

Mid- to long-term shaking begins when it drops by -10% or more

readCrypto Mod Uppdaterad   
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)
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)
At the current price, if this week's candle closes, I would expect the HA-High indicator on the 1W chart to drop from 59409.3 to 19917.3.

If the price is maintained above the HA-High indicator on the 1W chart, it is expected to play an important role as it is expected to continue its mid- to long-term upward trend.


The rise created the HA-Low indicator on the 1M chart at 20984.7, an important long-term buy point.

Therefore, the key is whether it will show a sideways movement centered on the 19917.3-20984.7 section.


It can be seen that this is an important section because it corresponds to the first section expected to make the handle of the cup pattern mentioned in the previous idea.


You need to check whether the movement continues within the expected channel formed by the downtrend line (1), downtrend line (2), and uptrend line (3), or whether it forms a sideways section.


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.



(1h chart)
Since the price is located below the M-Signal on the 1D chart, the main position is 'SHORT'.

Therefore, a quick response is required when entering a 'LONG' position.


A 'SHORT' position entered near 'S1', 22471.5 is in progress.
1st: Around 21826.1
2nd: Around 20984.7
End of transaction: around 20122.5

It fell below 21826.1 and became the first round of selling.

If the price rises and rises above 5EMA on the 1D chart, it is recommended to close the trade and assess the situation.

If not, you can proceed with the transaction.

However, since the M-Signal on the 1W chart is rising, if it fails to fall below the M-Signal on the 1W chart, it is recommended to sell some of the items to be sold at the secondary selling point and observe the situation.


Since it cannot be said that the box and sidewalk sections have been formed yet, it is recommended to wait until the box and sidewalk sections are formed before entering the 'L2' and 'S2' positions that require a quick response.

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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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Kommentera:
The spot chart BTCUSDT chart also shows that the HA-High indicator point on the 1W chart is about to be created at 19900.52.

Therefore, it is expected to touch this point.
Kommentera:
The 1W chart of the BAKKT exchange also shows that the HA-High indicator is about to be created at the 19541 point.


Charts on the CME Exchange are closed with no change.
Kommentera:
Kommentera:
Looking at the 1M, 1W chart of USDT dominance, we can see that the 6.21-7.27 range is an important support and resistance range.

Therefore, if there is a movement out of this range, it is expected to bring great volatility to the coin market.


In the short term, it's important to see which way it deviates from the 6.85-7.27 zone.

In particular, since the HA-High indicator on the 1M chart was formed at 7.14, you need to check whether it is supported or resisted at this point.

A drop in USDT dominance means a rise in the coin market.
Kommentera:
It is necessary to check whether the box and sidewalk sections of the 21505.6-21890.4 section are formed.

If a box or sidewalk section is created,

When it shows resistance around 'S2', 21505.6, it is possible to enter the 'SHORT' position.

1st: Around 20984.7
End of trading: around 20122.5

However, since the M-Signal of the 1W chart is located around 20984.7, it is recommended to close the trade if it does not fall below the M-Signal of the 1W chart.


When you show support near 'L2', 21826.1-21890.4, you can enter the 'Long' position.

However, it is expected that an increase will be possible only when it rises above 5EMA on the 1D chart and above the M-Signal on the 1D chart, so you should check this carefully.

1st: Around 22471.5
End of transaction: 22975.123104.6
Kommentera:
Funds continue to flow through USDC.

So, rather than anticipating a rebound, you need to create a trading strategy that is geared towards downside.

A lot of money may come into the coin market at any moment, but the investment market also often moves according to the flow and trend, so I think a trading strategy that fits the current flow is necessary.


Investment strategy, trading strategy, always have to create a strategy both when it rises and when it falls.

Otherwise, it will likely not be able to respond to sudden trend changes.


Thinking about the big picture hasn't changed.

We believe that this decline is likely to be a move to reverse the trend in the medium and long term.

[Example of exchange chart setup]

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

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