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Btcdominance

USDT: Funds focused on individuals (groups), USDC: Funds focusedhello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) (USDC chart) I think that USDT and USDC are used as a channel for the inflow and outflow of funds into the coin market. Among them, USDT has a high market cap, so I think it has as much influence on the coin market. Looking at the USDT chart, we can see that it has risen to near the previous high. Therefore, it can be seen that the coin market is overflowing with funds. However, if you look at the USDC chart, it has fallen a lot, making it look like the funds flowing into USDT are stagnant. In other words, it can be interpreted that the money inflow through USDT is trying to lead the coin market to rise, but the outflow of money through USDC limits the rise or makes it fall. Therefore, I think it is better to buy coins (tokens) that you intend to continue investing in until the BTC halving next year. Otherwise, if you are going to trade in terms of day trading or short-term trading, I think you need to be very careful. The inflow of new money is expressed as an increase creating a gap. Therefore, the size of the candle does not matter. -------------------------------------------------- ---- (BTC.D chart) Looking at the BTC dominance chart, it is forming a rising channel. However, the 1M chart has not yet created an upward channel and is showing an expansion. Therefore, the possibility of a downtrend at any time still exists. However, if it does not fall below 46.76-46.84, it is expected that it will lead to a move above 50.49 in the near future. We believe this move is due to the BTC halving next year. This is because the possibility that funds that are unable to find a place to go in the coin market will be concentrated toward BTC due to an event called BTC Halving next year is increasing. However, what BTC dominance tells us is whether funds are concentrated in BTC or altcoins. Any other interpretation can lead to confusion, so it's best not to think about it. Concentration of funds towards BTC means that BTC is leading the coin market. Since there is no guarantee that this lead will necessarily lead to a rise in the coin market, you should check the USDT.D chart to see if the coin market is rising. -------------------------------------------------- - (USDT.D chart) The USDT Dominance Chart is a chart that allows you to see the flow of funds flowing into USDT. Therefore, when USDT dominance declines, the coin market is likely to show an uptrend. If USDT dominance is trending down and coins (tokens) with large market caps, such as BTC or ETH, show sideways movements, it is likely that coins (tokens) with lower market caps will pump in the short term. . If you are not comfortable with day trading or short trading in these markets, we recommend that you do not trade. Because you may miss a better buying opportunity than this. USDT dominance is moving sideways in the 6.85-7.27 range. This means that the direction has not yet been determined. If you look at the 1M chart, it is in a state where a proper trend line or channel has not been formed. Looking at the 1W chart, it shows a breakout from the downtrend line, downtrend channel. Therefore, it can be seen that we have not yet found a direction in the mid- to long-term perspective. When you can't find a direction like this, I think it's better not to trade or to proceed with a split purchase according to a trading strategy for coins (tokens) that will continue to invest in the mid- to long-term. The basis for proceeding with the purchase is the movement of the USDT chart mentioned above. In other words, since a lot of money is flowing into the coin market, it is not strange to see an upward trend at any time. If you do not take any action when the unit price has risen by 30% or more from the unit price you purchased for mid- to long-term trading, you may end up selling at a lower price level because you keep feeling regretful when the stock fluctuates up and down. Therefore, you need a strategy to sell a certain portion according to the rate of return or some standard according to your investment style. This selling strategy is an important strategy because it can lead to a better buying strategy. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
BTC.D H4 : ALT-SEASON is loading ...Hi guys Hope you well. The things you can see in the four-hour time frame, you can see the change of structure market . Also, in the daily time, we are at the ceiling of the long-term trading range. Let's see the altcoin market.I expect that altseason is so near. Please see the previous analysis for a better understanding in the previous channel SecondChanceCrypto 11/May/23 (DYOR) Always do your research . If you have any questions, you can write them in the comments below, and I will answer them. And please dont forget to support this idea with your likes and comments
CRYPTOCAP:BTC.DLong
by Secondchancecrypto
No Breakout Yet, No Massive Drop EitherBitcoin Dominance looks like it wants to head down to 45-46%. Why? - We're moving up within a parallel channel on the weekly chart here, good chance we'll see the bottom of it again. - Our highest weekly high did close above the previous one, but with no wick and not as high as our highest wick. Hard to call that a strong breakout - Volume isn't here yet to bring it higher & MACD looks like it wants to turn down, while AO may cross soon as well Conclusion: - No altseason yet (a mini-recovery could occur though, but they could just as well drain more if BTC drops significantly with another dominance drop) - No dominating bitcoin move yet
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
2
A pattern is what you know when it's completeHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D 1W chart) (USDT.D 1D chart) Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend. BTC dominance remains on the uptrend and is expected to eventually rise above 50. The rise in BTC dominance tells us that money is being concentrated in BTC. In addition, it is not desirable to expand interpretation of the flow of BTC dominance because it is not helpful at all to proceed with actual transactions. If you have checked the BTC dominance chart to see whether your current funds are concentrated in BTC or altcoins, you should check how your funds are flowing. The flow of money can be seen by the movement of the USDT.D chart, i.e. USDT Dominance. It can be interpreted that the decline in USDT dominance is highly likely to lead to a rise in the coin market. Conversely, an increase in USDT dominance means that it is highly likely to lead to a decline in the coin market. If you look at the 1M, 1W, and 1D charts of the USDT.D chart, you can see that they are receiving resistance at certain points and sections. Therefore, USDT dominance is expected to decline unless it rises above this resistance point or section. However, if it rises above 7.14-7.27, which corresponds to the resistance zone, and shows support, USDT dominance is expected to surge. Therefore, it is necessary to check which side of the 6.85-7.27 section shown on the 1D chart is moving away from around May 16th. -------------------------------------------------- ---- (BTCUSDT.P chart) The pattern drawn on the 1D chart is a Head and Shoulders pattern. So, if it falls below 26907.0-27486.4, I would expect a sharp decline. If this is not the case and the price holds above 27486.4, it is expected to form a new trend. Therefore, it is expected to rise above 32275.6. A pattern can only be known when it is complete. However, if you know in advance what the pattern will look like, you will be able to buy some time to respond. No matter what pattern you make, the real pattern is after it has been completed, so you should be careful if you react in advance before the pattern is completed, as there is a possibility of double loss. Therefore, the important thing in trading is split trading. When the pattern is being completed, it is necessary to partially respond with a split transaction and leave room for the next response whether the pattern is completed or incomplete. Otherwise, if you sell 100% in advance just because you see a head-and-shoulders pattern, you will feel great psychological anxiety every time the price rises, increasing the possibility of making a wrong decision. If you sell 100%, it is better to stay away from the market for a while until the next wave begins. Currently, a dip below 26907.0-27486.4 is required to complete the Head and Shoulders pattern drawn on the 1D chart. If not, the Head and Shoulders pattern is incomplete. If we look at the support and resistance sections without considering the pattern, Section 27486.4-27976.1 is an important support section. Therefore, if support is confirmed near the 27486.4-27976.1 section, it is possible to buy. The primary target for this buy is near the 30181.8 point. The reason is that the HA-High indicator on the 1D chart is formed at 30181.8. In this way, when creating a trading strategy from a trading perspective or trend perspective, what you need to identify are support and resistance points or zones. Create a trading strategy for support or resistance at these support and resistance points or zones. If you proceed with trading according to the trading strategy created in this way, you will be able to escape the influence of your psychological state to some extent. The biggest stumbling block in trading is your own state of mind. This is because they believe that the success of trading is determined by the movement of charts and their psychological state caused by various articles and press announcements. No matter how much the current trend is on the uptrend, if all you see, hear and say is negative, you will be able to trade. As I said above, it is the flow of money that makes trading possible. If you can tell whether money is flowing in or out of the investment market, you will have the power to trade according to the flow of that money. The channel for the inflow and outflow of large funds in the coin market is USDT. Therefore, if USDT is maintaining an upward trend, the coin market will maintain an upward trend. Therefore, if the chart of the coin (token) you want to actually trade shows a decline while funds are continuously flowing in, then it is the time to buy. These buying points can be made according to the support and resistance points. What I have just said is about the big picture, the overall trading strategy. How detailed a trading strategy you develop with this will be determined by your own state of mind. (1h chart) The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. The interval 24294.1-30181.8 corresponds to the high magnification box interval. Therefore, when you get out of this section, you can enter a full-fledged position. ------------------------------------------ (BTCKRW chart) The next volatility period is around May 15th. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
Full-fledged uptrend start section: 32259.90-37253.81hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- (BTCUSDT chart) (1M chart) The key is whether the price can be maintained above the volume profile that is being formed in the 28465.36-28923.63 section. Therefore, it is necessary to check whether it is sideways in the section 28465.36-37253.81. The reason to check for sideways movement is that the HA-High indicator is currently located at 43823.59. As the candlestick for the month of May is created, you need to check if the RSI indicator enters the overbought zone. Since the RSI indicator is related to creating the HA-High indicator, it is highly likely that the HA-High indicator will move and be created when it enters the overbought zone and then moves out of the overbought zone. Therefore, you should proceed with the trade thinking that there is wiggle room in the long term. (1W chart) The StochRSI indicator is showing signs of breaking out of the overbought zone. Therefore, when the StochRSI indicator falls below 50, the key is whether it can be supported and rise around 26574.53-27496.02. At 27496.02, the HA-High indicator on the 1W chart is about to be created. Therefore, if it is confirmed that it is supported when the 1W chart's HA-High indicator is created at the 27496.02 point, it is expected to rise above 32259.90. The HA-High indicator means that there is a high probability of making a new high, so you need to think about how to respond to taking profits. However, if supported by the HA-High indicator, it is highly likely to renew the recent high, so buying is possible, but a short-term response is required. If it is resisted by the HA-Low indicator and falls, it is highly likely to renew the recent low, so we need to think about countermeasures against stop losses. However, if it is confirmed that it is supported by the HA-Low indicator, it is possible to buy it, and it is highly likely to rise to the vicinity of the HA-High indicator. Therefore, you can trade with a longer breath than buying at the HA-High indicator. In trading, profits vary depending on how you make your psychological state stable. Therefore, it is better to buy when there is support near the HA-Low indicator, which is likely to renew the recent low, than to buy it near the HA-High indicator, which is likely to renew the recent high. However, in most cases, you can't buy near the low point and buy near the high point. I think this is because it has a huge psychological impact. The 32259.90-37253.81 section is a starting point that is likely to start a full-fledged uptrend from a long-term perspective. So, if it rises above 37253.81, I expect more uptrend. However, if it fails to break through upward, it could lead to further declines, so you need to think about countermeasures. Therefore, around 26574.53 is an important support and resistance zone. (1D chart) It is difficult to predict the movement right now, but we can think of what is important about the trend from the mid- to long-term perspective. However, if you look at the mid- to long-term (1W) and long-term (1M) charts, the movement is concise, so you can get a lot of help in setting the direction. Therefore, I think that by looking at the 1M and 1W charts and creating a trading strategy in the overall movement and big picture, you can see the low time frame chart and reduce the confusion caused by volatility when trading. The 1D chart's HA-Low indicator is formed at 27985.15, and the 1D chart's HA-High indicator is formed at 30184.24. Thus, the section 27985.15-30184.24 can be considered as a sideways section. Directions outside of these sideways zones are expected to form trends. However, since several indicators that play an important role are formed over the 26013.28-27496.02 section, it is expected to rise rapidly even if it falls below 27985.15. If it declines in the month of May, you should check for support near 20050.02-23141.57. However, as I said above, you should think about how to buy because it is not expected to drop significantly. If it does rise, it is expected to rise around 35045.0-37253.81. However, there is still a possibility of shaking up and down, so if you touch the area around 35045.0-37253.81, I think there is a high possibility of a sharp drop. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
8
BTC Dominance ! 1D Review Hello everyone, I invite you to review the current dominance of BTC over the rest of the market. First, we will use the blue lines to mark the sideways trend channel in which we are moving and here you can immediately see that we are in its upper limit, what is more, we are staying above the uptrend line. Now we will go to check where we have support when BTC starts to lose against the entire market. And here we have the first support at 46.59 %, then the second support at 45.1 %, the third support at 43.9 %, and then the fourth support at 42.7 %. It is worth checking the percentage of BTC dominance, because the lower the value, the more other coins gain. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First we have resistance at 49.2 % which is a very strong resistance and the upper limit of the ongoing sideways channel, when we manage to break it we have second resistance at 50.7 % then third at 52 % and then fourth resistance at 53 %. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a small rebound, but we are still high, which may indicate a deeper correction.
CRYPTOCAP:BTC.D
by cryptodailyuk
Bitcoin Dominance Elephant/Mammoth in the room The Bitcoin dominance has been doing something seemingly unnatural with the limited information available to us. I find that a lot of people are sleeping on this or just unaware. First off, this chart is very busy. I don't normally make charts with this many indicators but there is a lot of confliction in the information and I only want to make a single chart of this to follow on. There is are even a few indicators I have deleted for sanities sake. Secondly, the elephant is that we have basically gone through a bear market in a range with the dominance. What we have known or at least what we think we knew is that in bear markets the dominance of bitcoin goes up. That so far has proven to be false or is it that the bear market isn't over yet? I will explain all of this with my opinion at the bottom with a third option. THE INDICATORS On the Monthly chart 50 month MA CM_Ultimate_MA_MTF Volume Down below, from top to bottom RSI Vortex (VI) Traders Dynamic Indicator (TDIGM) Historical Volatility (HV) Bitcoin Dominance Oscillator (BTCD_O) Sentiment Oscillator (ASO) So, lets start from the top The CM Ultimate has turned green, the only other time that's happened on this chart has shown an upward dominance move for Bitcoin. The RSI is climbing, the blue vortex has crossed above the pink line that all show a support for this upward dominance move. The sentiment oscillator has closed the gap (Blue vs pink) and looks to make across that would add to the upward move, but, has not crossed as of yet (possibly this month it may). The conflict or size of the move The last time dominance went up it was met with very heavy resistance the 50 month MA (yellow line), it finally did break through but did not hold for even one month and broke back down again. This shows us the 50 month is very very strong resistance for now. The question is, will it go above this time around? This is what remains to be seen and what will follow here. The volatility and traders dynamic could be pointing at small move. We can clearly see the volatility going down as the move is going up. The TDI has been saying a move is coming and has been made but it might already be over, or there is isn't much left in the move. So, it could go to the 50 month and get rejected from there. Why? We can also see the TDI's range is narrowing which coincides with the volatility. Also, along with all this the RSI is showing hidden bearish divergence for 4 years now, that started in 2015, but has it played out fully yet? Again that remains to be seen. I have zoomed in on the volatility so it can be clearly seen but what is being missed is the giant wedge that it is in. This wedge does eventually end in about 2 years, so it's still aways away. What I think and what my analysis is. First off, it's not to be taken as advice. I think BTC dominance is going up for now. I also think it gets rejected by the 50 month and goes back down for an alt-season and could make a double bottom and hit the lows of 2018 @ 35% or possible even slightly lower for a very short time. It then would go back up substantially. Keep in mind this could take 2 to 3 years to play out in full or even longer. The keys in all of this are the 50 month, the Volatility and the volume. We can also see the volume is in a downward trend. A big volume spike could bean early sign of a trend reversal too. Once all this plays out and if the dominance was to go back up the volatility would have to break out of the wedge in a fairly violent way, just as it did when it broke down in 2017/18. The other option is it just gets more and more stable and less volatile as time goes on and keeps following this trend. I don't think this is likely as a permanent fixture though. Another hidden key here could be Ethereum. ETH has also closed the gap on BTC during this bear market, so it's another thing I'm looking at and could also be used as an indicator to all this data. I have linked a chart to this analysis in this one called "Is Ethereum going to dethrone the king". Also, I have included is an altcoin lengthening cycles analysis based on XRP. I do suggest you replicate this chart in multiple ways by breaking down the indicators for cleanliness sake and even adding in the ones I removed listed down bellow. Removed but still relevant Indicators Stochastic RSI Bollinger Bands MACD Thank you for looking and please feel free to let me know what you think in the comment section down below. Stay Blessed WeAreSat0shi
CRYPTOCAP:BTC.DLong
by WeAreSat0shi
1
BTC Dominance is DominatingThe 49% Resistance area for BTC D. has been at play since the summer of 2021 when we first hit that resistance level. You can see in previous areas BTC D finding resistance was bullish, money flowed into Alts and Total Crypto MC pumped hard. The 3d retrace was marked by a further dip in overall Crypto MC but coincided with a drop in BTC price. Currently since the last time resistance was hit we have seen several alts pop off and BTC find resistance at 30800. While BTC D was rejected at resistance once more on 12 April, a retrace occured that found support around 47%. Currently we are bouncing back to the resistance at 49%. BTC Dominance Over the last 3 days BTC Dominance has been pumping back to resistance. If it breaks out to the upside, expect ALTS to bleed, would be a good moment to load up on Altcoins. Hitting Resistance and breaking down to previous levels would likely be bullish for altcoins as long as BTC price either stabilizes (ideal scenario) or pumps along with the alts. Patiently waiting...
CRYPTOCAP:BTC.D
by Suneater69
USDT.DOMINANCE UPDATE Hello, welcome to this usdt.dominance update by CRYPTO SANDERS. CHART ANALYSIS;-USDT.DOMINANCE It got rejected by the horizontal resistance of the rectangular channel. Currently, it is forming above the mid-range, where the MA 100 is also acting as a support. Now it will break the mid-range from here or after retesting the Ichimoku cloud, and this will be a bullish signal for the market as it moves in the opposite direction. Hit the like button if you like it and share your charts in the comments section. Thank you
CRYPTOCAP:USDT.D
by CryptoSanders9563
4
Volatility above 10% means...hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D 1W chart) (USDT.D 1D chart) Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend. BTC dominance will eventually rise above 50. So, you need to think about countermeasures against it. The rise in BTC dominance can be interpreted as meaning that funds are concentrated towards BTC, so it is highly likely that the altcoin will enter the second round of buying. When BTC dominance rises, the overall flow of the coin market will be very different depending on whether USDT dominance rises or falls. A decrease in USDT dominance increases the likelihood that the coin market will rise. Therefore, when BTC dominance rises, it is necessary to see how USDT dominance moves. Again, - USDT, USDC charts show the size of funds. - The BTC.D chart shows where funds are concentrated. - USDT.D chart shows the flow of funds. I don't think I know anything other than the case above. Therefore, it is better not to try to interpret it the other way around. --------------------------------------- (BTCUSDT chart) (1M chart) I think the 1M chart is a chart that can be used to check the big picture and long-term perspective. Currently, BTC is located near the MS-Signal indicator. At the same time, a volume profile section is formed at the 28465.36 point. Therefore, the 28465.36-28923.63 section, along with the previous volume profile, is expected to be an important turning point for the long term. If the price stays above the MS-Signal indicator, it is likely to continue its uptrend. Therefore, it is necessary to check whether the price is maintained above the MS-Signal indicator until the MS-Signal indicator turns into an uptrend. However, it is recommended to check the movements of the HA-Low and HA-High indicators in order to proceed with the transaction. Since the HA-Low indicator is currently located in the 20050.02-23141.57 section, the time to buy has already passed. However, in order to continue the upward trend from a trading perspective, the price must rise above the HA-High indicator to maintain the price. Therefore, I think there should be a movement that causes the HA-High indicator to fall and be created. (I think that is unlikely, but there may be a move upwards above 43823.59 as it continues to rise.) If the price maintains above the HA-Low indicator, it is time to buy until you see support near the HA-High indicator anyway. Therefore, it is necessary to consider whether to proceed with a partial purchase when confirming support near the MS-Signal indicator from a trend perspective, or whether to proceed with a purchase when confirming support near the HA-High indicator. Or, you need to think about whether to proceed with the purchase when you confirm that the MS-Signal, HA-Low, and HA-High indicators are supported by split trading. (1W chart) Unlike the 1M chart, the 1W chart is moving around the HA-High indicator. Also, the HA-Low indicator is creating a fairly long horizontal line. Making such a long horizontal line means that it is maintaining an uptrend. So, from a mid- to long-term perspective, it can be seen that it is maintaining an upward trend. When maintaining an uptrend, if it finds support near the HA-High indicator, it is likely to break the recent highs. Therefore, if the HA-High indicator is created at 27496.02 this time and it is confirmed to be supported around 27496.02, it is expected to rise above 32259.90. If the HA-High indicator is created at 27496.02, but it does not receive support and declines, you need to check if it is supported at 26574.53. A drop below 26574.53 is likely to lead to further declines, so a countermeasure is needed. A drop below 26574.53 is expected to create a rising HA-Low indicator. At that time, whether it is supported near the HA-Low indicator will be an important factor. (1D chart) There was more than 10% volatility in one day. When such volatility occurs, what we need to pay close attention to is the flow of funds. You need to look at whether funds are flowing in or out of the coin market, and in which direction the funds are being utilized. The movement of funds will be discussed in detail separately, but briefly, the funds flowing into the coin market remain the same, and rather, the funds are continuously flowing. This inflow of funds will maintain the FOMO status of the coin market, and it is expected that it will show a great uptrend. The key is whether the price can sustain the move above the MS-Signal indicator on the 1D chart and above 28465.36. As mentioned before, the MS-Signal indicator is an indicator that informs trends. Therefore, maintaining the price above the MS-Singal indicator means that there is a high possibility of continuing the uptrend from a trend perspective. Therefore, it is important whether it is supported in the 28465.36-28923.63 section. However, since the HA-High indicator on the 1W chart and the HA-Low indicator on the 1D chart form the 24796.02-27985.15 section, if support is confirmed around this section, you can proceed with aggressive buying. The stop loss for this aggressive long is 26574.53. Therefore, the purchase period can be largely defined as 3 periods. 1st : 27496.02-27985.15 2nd : 28465.36-28923.63 3rd: Around 30184.24 If it is confirmed that it is supported in the 1st to 3rd sections above, I think it is possible to buy it. Around 26574.53, the M-Signal indicator on the 1M, 1W chart is passing by. Therefore, if it does not fall below this range, it is highly likely to maintain an upward trend from a mid- to long-term perspective. ------------------------------------------ (BTCKRW chart) There was volatility that rocked up and down. What we need to pay attention to is to check whether it is supported or resisted near the MS-Signal, HA-Low, and HA-High indicators. Therefore, it is necessary to check whether it is supported or resisted around 36425000, 37243000, 37585000-38093000 and respond accordingly. The next volatility period is around May 15th. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Pull back patterns are not easy to know before they are completeHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D chart) (USDT.D chart) USDT and USDC are still moving in opposite directions. As long as funds are showing an inflow through USDT, the coin market is expected to remain on the uptrend. Even if the global economic situation is not very good, we are traders who can earn profits by trading according to the size and flow of funds in the coin market. We must not forget that we are not economists or economic analysts after all. --------------------------------------- (BTCUSDT.P chart) If the price is maintained above the MS-Signal indicator on the 1M chart, it can be interpreted as a long-term turn to the uptrend. If the price is maintained above the HA-High indicator on the 1W chart, it can be interpreted that there is a high possibility of renewing the recent high from a mid- to long-term perspective. So, from a mid- to long-term perspective, we can see that it is likely to remain on the uptrend. However, since it did not rise above the HA-High indicator on the 1M chart, I think it is time to maintain the price above the HA-High indicator from a long-term perspective. Therefore, whether the price rises or falls, the current volatility must be dealt with in the short term, as it is expected that the HA-High indicator will fall and create a shape. In the big picture, BTC below 29K is a buy zone. This doesn't change. However, since it rose above 29K and then fell below 29K, it is good to see how it turns. (1D chart) If you can see support in the 28454.9-28951.7 section, it's time to buy the week. If not and it declines, you should check for support near 27486.4-27976.1. Point 27486.4 is the point where the HA-High indicator of the 1W chart is about to be created, and point 27976.1 is the point where the HA-Low indicator of the 1D chart is about to be created. Therefore, if we see support around 27486.4-27976.1, we know that it is time to buy aggressively. If the price stays above the MS-Signal indicator on the 1D chart, it means that it has turned to an uptrend from a short-term perspective, so finding support in the 28454.9-28951.7 section is a very meaningful move. The MS-Signal indicator provides criteria for identifying movements from a trending perspective. The HA-Low and HA-High indicators provide criteria for buying and selling from a trading perspective. How you can interpret these criteria and use them in your own trading strategy will be determined by how much time you invest in checking the movements. A pull back pattern is one of the manifestations of an uptrend. It is almost impossible to identify the bottom section of such a pull back pattern. The reason is that when the price rises above the level where the decline started, it can be confirmed that the pull back pattern has been completed. Therefore, we need to check whether we can proceed with aggressive buying by identifying support and resistance points. To say that the current movement is a pull back pattern, we need to see price holding up by at least 28951.7. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. The 'SHORT' position entered near 'S1', 'S2', 28951.7-29242.2 did not touch the trading end point and is rising. In the meantime, since I touched the 5EMA and M-Signal indicators on the 1D chart, it is recommended to sell some or close the trade and check the situation. As I said before, the box section is very wide. From the 24294.1-25882.9 section to the 28951.7-30181.8 section, a box section is formed. Therefore, it is considered possible to enter the full-fledged position when it is out of the 24294.1-25882.9 section or 28951.7-30181.8 section. ------------------------------------------- (BTCKRW chart) The HA-High indicator on the 1W chart is about to be created at the 36425000 point. Therefore, if the HA-High indicator of the 1W chart is created at the 36425000 point, it is necessary to check whether it can be supported and rise around 36425000. Currently, it touches around 36425000 and rises, touching the MS-Signal indicator on the 1D chart. Therefore, it is important to be able to keep the price above the MS-Signal indicator on the 1D chart by maintaining the price around 37585000. The HA-Low indicator on the 1D chart is about to be created at point 37243000. Therefore, the 36425000-37243000 section is a support section, forming a buyable section. However, the 1D chart's MS-Signal indicator needs to be supported near the 37585000 point passing by, so the uptrend is highly likely to continue, so the main buying section should be made around 37585000. The next volatility period is around May 15th. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Identify the size or flow of funds in the coin marketHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- In order to find out the size or flow of funds in the coin market, I think you should pay attention to the movement of the four charts below. Check the size of your funds: USDT, USDC Check the flow of funds: BTC.D, USDT.D It is best to view all four charts together if possible because you can find out the size or flow of funds from limited information. If it is difficult to see all four charts, it is recommended to view at least the USDT.D chart, which shows the flow of funds best. ------------------------------------------ (USDT chart) (USDC chart) It is important to check the USDT and USDC charts to find out the flow of funds in the current coin market. USDT is a stablecoin backed by exchanges around the world. Therefore, it is indispensable for most coin (token) transactions. Therefore, the fact that USDT maintains an upward trend can be interpreted as meaning that funds are continuously flowing into the coin market. However, the size of the candlestick is not very important because it is thought that new funds will flow in only when a gap occurs and rises on the USDT and USDC charts. Although USDC maintains a high market cap, it is one of the stablecoins with little support for trading pairs on exchanges around the world. However, since the market capitalization is maintained at a high level, it is less than USDT, but I think it exerts some influence on the coin market. In particular, since USDC is likely to be composed of US investment capital, it is understood that it is being used as a fund warehouse by institutional investors. Therefore, it is highly likely that USDC funds will be moved according to stock market fluctuations. In that sense, if you look at the flow of the current USDC chart, you can see that a lot of money is flowing out of the coin market. I think it is a disprove that funds are moving from the coin market to the stock market. So, if the stock market shows a clear uptrend, the USDC chart is predicting a trend reversal. Therefore, USDC's downtrend has the potential to limit or plunge the coin market's uptrend caused by USDT's uptrend. We expect this move to act as an opportunity to increase new buying. -------------------------------------------------- -------- (BTC.D chart) (USDT.D chart) It is recommended to look at the BTC.D chart and the USDT.D chart together, but if it is difficult, it is better to look at the USDT.D chart alone. However, since the BTC.D and USDT.D charts show the overall flow of funds in the coin market, it is not possible to know the flow of funds for individual coins (tokens). To see the individual money flow of a coin (token), it is recommended to look at the BTC market chart of the coin (token). Since BTC is used as the key currency of the coin market, I think the BTC market chart best reflects the price fluctuations of coins (tokens) according to BTC price fluctuations. However, coins (tokens) with too low market capitalization are the same regardless of whether they are on the same BTC market chart or USDT market chart. Coming back to the BTC.D and USDT.D charts, Since BTC is the number one market capitalization in the coin market, I think most of the fund size or flow in the coin market is related to BTC price fluctuations. in that sense The BTC.D chart and the BTC dominance chart are charts that allow you to see whether funds are concentrated toward BTC or altcoins. Therefore, rising BTC dominance can be interpreted as meaning that funds are concentrated towards BTC. Just because funds are concentrated towards BTC does not mean that the BTC price will rise. If you don't understand this point, you should be careful because you can interpret it in the wrong direction. When funds are concentrated towards BTC, if USDT dominance rises, the coin market is likely to show a downward trend. The reason is that USDT is a stablecoin that supports trading on exchanges around the world. This is because the increase in USDT dominance means that USDT is increasing through trading, which means that selling in the coin market is increasing. Therefore, as a condition for trading altcoins, you must show a drop in BTC dominance and a drop in USDT dominance. If not, it is because most altcoins are unlikely to make significant gains. BTC dominance is expected to continue to rise. The reason is that there is a BTC halving next year. This is because as the BTC halving approaches, a lot of people will flock to the coin market. And, if the BTC price starts to rise in earnest, funds will inevitably be concentrated towards BTC for the time being. If you don't buy it now, it's because you will buy BTC with the thought that you can't. This will cause altcoins to gradually lose their strength and move sideways or decline, despite the upward trend in BTC price. I think this trend is likely to continue until the BTC price nears 43K. As USDT dominance falls below the uptrend line (1), it becomes important whether it can touch around 6.21. The important divergence of USDT dominance is in the 4.97-5.53 range, and if it falls below this range, the coin market is expected to start such an uptrend in which any coin (token) can be bought and profit will be made. Before that, the question is whether it can fall below the 5.89-6.21 range. I think the coin market must fall below the 5.89-6.21 range to go to a big bull market. So, the next period of volatility on the USDT.D chart is around April 22nd. After this period of volatility, we need to see if it stays below the downtrend line (2). -------------------------------------------------- - I think that the coin market is open to many things that are different from the stock market. In particular, I think it is attractive to be able to know the size and flow of funds. Therefore, it is important to first check the four charts mentioned above rather than relying on all kinds of information to predict the prospects and trends of the investment market, that is, the coin market. After that, I think checking the information going around reduces the possibility of making a wrong decision. When CDBC becomes active, there is a possibility that the influence of existing stablecoins will be weakened. The reason for this is that it is highly likely that direct transactions will be possible with CDBC, i.e. fiat currency. In that case, the size or flow of funds in the coin market may not be known with the above four. Then, an investment environment like the existing stock market will be created, and more individual investors than now will suffer losses. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT.DEducation
by readCrypto
2
What does it really mean to check the way you turn?Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D 1W chart) (USDT.D 1D chart) The USDT chart is in an uptrend and the USDC chart is in a downtrend. The USDT chart can be said to be a channel of money for people around the world, that is, those who trade and do in the coin market, including individual investors. The USDC chart is a channel for institutional investors, i.e. US funds. Therefore, it can also be interpreted that FOMO may be in progress. However, if funds continue to flow through USDT, the coin market will maintain an upward trend. It seems that funds are continuously flowing into the coin market through USDT. Therefore, the coin market is likely to remain in an uptrend. However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur. Any such restrictions or plunges are expected to serve to increase new buying. --------------------------------------- (BTCUSDT chart) (1W chart) I need to check if I can ascend along the ascending channel while sideways on the 26574.53-32259.90 section. You need to make sure that the HA-High indicator is showing signs of being newly created. If the HA-High indicator is about to be created, it is important whether it is supported near that point. Around 26574.53, the M-Signal indicator on the 1M chart is passing. Therefore, holding the price above 26574.53 means that the long-term trend is maintained. (1D chart) The M-Signal indicator of the 1M chart and the M-Signal indicator of the 1W chart are reversed. Therefore, if it moves sideways or maintains an uptrend in the current section, it is expected to turn into regular alignment. It does not necessarily mean that it will rise if it is converted to Jeongbae-ro, but it can be seen that the purchase has been made to that extent. Therefore, it is important in trading to check whether there is support or resistance at which point and in which section. Therefore, the question is whether the price can be maintained above 26574.53 (up to 26013.28). The 28465.36-28923.63 section is a volume profile section formed on the 1M chart. Therefore, if the price rises above this range and maintains the price, the possibility of continuing the upward trend is expected to increase. If it falls below 26574.53 (up to 26013.28) and appears to be resisting, it is expected to fall around 23141.57, so a countermeasure is needed. 29K or less falls under the long-term perspective. Therefore, I believe that you can earn great profits from a long-term perspective no matter where you buy at any point or in any section. However, since it fell after rising above 29K, it is recommended to check the turn before proceeding with the purchase. What does it really mean to check the way you turn? Checking the turn is to see the trend change from the standard you set. My criteria are the MS-Signal, HA-Low, and HA-High indicators displayed on the chart. All other lines correspond to the support and resistance needed to trade. Therefore, I think that one of the ways to check the turn is to see if the price is maintaining above the M-Signal and MS-Signal indicators on the 1M and 1W charts. If you see these trend reversals, you will have a basis for creating a trading strategy. Then, you can create a detailed trading strategy based on whether you are supported or resisted by the HA-Low and HA-High indicators. The point where the current price is located is between the M-Signal and MS-Signal indicators on the 1M and 1W charts. And, it is located between the HA-Low and HA-High indicators. Thus, we can see that the section where the current price is located is located in the sideways section. ------------------------------------------ (BTCKRW chart) The key is whether it can be supported around 35539000 and rise above 40674000-43761000. The next volatility period is around May 15th. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
Significance of Uptrend Line (1)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D chart) (USDT.D chart) USDT and USDC are still moving in opposite directions. You have to look at the market thinking that BTC dominance will rise. An increase in BTC dominance means that funds will be concentrated towards BTC. So, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. The volatility period on the USDT dominance chart is April 21-23. Accordingly, it is necessary to check whether it can fall below the 6.85-7.28 section. Otherwise, if it rises above 7.86-8.25, the coin market will fall further. In particular, if USDT dominance also rises along with BTC dominance, altcoins are expected to record a larger decline than BTC. Funds continue to flow into the coin market via USDT. It is unknown when this inflow of funds will be utilized, but if it is utilized, I think the coin market will show sideways or rise. In fact, the big question is whether I can endure until this transition occurs. I think it depends on whether you can overcome the psychological anxiety and pressure caused by price volatility, whether you will finish the transaction with a profit or a loss. Therefore, it is always necessary to trade to make one's psychological state stable. In order to make your psychological state stable, you need to proceed with split trading. --------------------------------------- (BTCUSDTPERP chart) As a volume profile section is formed at the 28454.9 point on the 1M chart, the price cannot be maintained above 28454.9-28951.7 and is showing a decline. However, since the price is located above the MS-Signal indicator on the 1M chart, it can be interpreted that it is still maintaining an upward trend from a long-term perspective. However, since the HA-High indicator on the 1M chart is located at 43993.4, we expect that there will be a movement that will rise above the HA-High indicator or cause the HA-High indicator to fall. In that sense, it is becoming important to keep the price above the M-Signal indicator on the 1M chart located around 25882.9. The components of the MS-Signal indicator are M-Signal and S-Signal. It can be difficult to understand as the names MS-Signal, M-Signal, and S-Signal are used interchangeably, but ultimately all three mean the same thing. For example, to find out how the 1W or 1M chart's MS-Signal indicator is passing on the 1D chart, the M-Signal, which has an important meaning in the composition of the MS-Signal indicator, can be displayed on the 1D chart. Therefore, when referring to M-Signal, be sure to indicate which time frame chart M-Signal is referring to to prevent confusion for others. The method of displaying the volume profile point is indicated by a formula using the OBV indicator. (1D chart) Since it is above the uptrend line (1) that started near section A, it should be interpreted that it is still in an uptrend. Since the M-Signal indicator of the 1M, 1W chart is passing below the upward trend line (1), that is, around 25882.9, it is necessary to check whether a sudden movement occurs when it falls below this area. If this rapid move quickly rises above the uptrend line (1), i.e. above 26907.0 and shows support, you can proceed with an aggressive buy. The resistance area of this aggressive buying is the 28454.9-28951.7 area, which corresponds to the volume profile. The HA-Low indicator on the 1D chart is currently located at 21558.1. We need to see if this pullback will push the HA-Low indicator higher, giving it the look it's about to create. If the HA-Low indicator shows an uptrend and is about to be created, a full-fledged purchase is possible when there is support near that point. However, since it is a purchase on the 1D chart, it is necessary to proceed with the purchase according to the short-term perspective. I said that below BTC 29K is a long-term buy range. This is valid. However, since it rose above 29K and then fell, it is recommended to proceed with buying when the turn is confirmed. It is difficult to misunderstand this part and think that since it fell below 29K, you should buy it when there is a big drop. You must check the turn and proceed with the purchase. Since funds are continuously flowing through USDT, it can be seen as FOMO in a way. However, if funds continue to flow in, eventually the coin market is likely to show an upward trend, so you should focus on finding the right time to buy. However, it is essential to adjust the weighting as there is a possibility of limiting the rise of the coin market or causing a sharp decline due to the continuous decline of USDC. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. 'S2', 'SHORT' position entered near 28951.7-29242.2 closes at 26907.0. If you touch the M-Signal indicator on the 1M, 1W chart, I will tell you about a new full-fledged position trading strategy. ------------------------------------------- (BTCKRW chart) The key is whether it can be supported around 35539000 and rise above 37585000. Since the M-Signal indicator of the 1M, 1W chart is passing in section A, if it falls below 35539000, it is important to touch section A and rise. The next volatility period is around May 15th. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
To be supported is...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D chart) (USDT.D chart) It seems that funds are continuously flowing into the coin market through USDT. Therefore, the coin market is likely to remain in an uptrend. However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur. Any such restrictions or plunges are expected to serve to increase new buying. BTC dominance touches around 48.80 and is declining. The next period of volatility is around April 27th and we need to see if it touches around 46.76 and rises along the uptrend line. The decline in BTC dominance can be interpreted as money being concentrated towards altcoins. At this time, it is important to check whether BTC is supported or resisted at support and resistance points. If USDT dominance declines, the coin market as a whole is likely to show an uptrend. Whether it is an uptrend led by BTC or an altcoin can be known only by checking the movement of BTC dominance together. --------------------------------------- (BTCUSDT chart) (1W chart) Support and resistance points are forming at 30304.65. So, the key is whether it can get support around 30304.65 and rise above 32259.90. If not, you should check for support around 26574.53. (1D chart) On the current chart, the volatility period is only around April 23rd. Therefore, the period of volatility beyond April 23rd is not yet available. Since the HA-High indicator on the 1D chart created at the 30184.24 point, it would be good to see support around 30184.24 until at least April 21st. Support on the HA-High indicator means that it is likely to renew the recent highs, so a rise around 32259.90 is expected. If it does not and is resisted, there is a possibility that it will basically fall to the vicinity of the HA-Low indicator, so you need to think about countermeasures against this. As I said in the Market Cap chart analysis, since funds are continuously flowing into the coin market, we need to look at the chart from the perspective that it will maintain an upward trend. However, if the price is holding above the MS-Signal indicator, you should try to find a time to split and sell. Conversely, when it falls below the MS-Signal indicator, you should try to find a time to split and buy. Even if the price is located above the MS-Signal indicator, when it shows support near the HA-Low, HA-High indicators or near important support and resistance points, you should think about whether you can make a profit by proceeding with aggressive buying. It is better not to make such aggressive purchases unless you are comfortable with day trading. This is because the psychological burden that begins as you proceed with the purchase can lead to trading in the wrong direction, turning what was in profit into a loss. ------------------------------------------- (BTCKRW chart) The key is whether it can be supported around 39579000 and rise above 40674000. If not, you should check for support around 37585000. Since the 39579000 point is the point of the HA-High indicator on the 1D chart, it can be said that being supported at this point is likely to renew the previous high. However, if resisted, it is basically possible to fall to the vicinity of the HA-Low indicator on the 1D chart, so you need to think about countermeasures against this. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
Whether it can rise above 30181.8 is importantHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 chart) (BTC.D chart) (USDT.D chart) USDT is still in an uptrend and USDC is in a downtrend. Accordingly, the coin market is likely to continue its upward trend. However, due to the continued decline of USDC, there is a possibility that the range of increase may be limited or a sharp decline may occur. This move is expected to create a market that could attract new buyers. You have to look at the market thinking that BTC dominance will rise. So, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. A drop in USDT dominance is likely to lead to a rise in the coin market. It is necessary to check if it can fall below 6.21 along the downtrend line (2) around April 22 (April 21-23), which is the volatility period of the USDT dominance chart. Otherwise, if it rises above the upward trend line (1) or above 6.85, it is judged that there is a possibility of a sharp decline in the coin market. --------------------------------------- (BTCUSDTPERP chart) (1W chart) It is good to publish the contents of the trend line and the volatility period display separately as an idea, but I added it to the BTC analysis with the intention of providing more informative information to those who consistently see my ideas. The trend line is created by connecting the vicinity of the vertices of the StochRSI indicator in the 'Strength' indicator, which is an indicator. However, it is only drawn on 1M and 1W charts. If you draw as above on a 1D chart, you can display a trend that can be used by those who trade day trading. To take advantage of this, you can check it on the time frame chart you are trading, that is, the 4h, 1h, 30m, and 15m charts. So, unless you are doing day trading, you don't need to draw a trend line on a 1D chart. The settings for StochRSI are 14, 7, 3, 3 (RSI, Stoch, K, D). You can connect the low points of the points corresponding to the vertices of the low points of the StochRSI indicator. However, the openings of the falling candlesticks near the peaks are drawn by connecting them. You can refer to the circled candlestick and the StochRSI indicator. If possible, the peaks of the highs connect to points with a StochRSI value of 50 or greater, and the vertices of the lows connect to points with StochRSI values of 50 or less. Then, the intersection point of the horizontal line formed by the indicator drawing the support and resistance points included in the HA-MS indicator is designated as volatility. However, when defining the volatility period, priority is given in the order of 1M > 1W > 1D chart. In order to make the indicators that others create your own, you must invest a lot of time and observe them. If you use it right away without such a process, you need to be careful because it can lead to wrong transactions. (1D chart) The HA-High indicator on the 1D chart was created at 30181.8 and fell below that point. Therefore, it is important to be supported near the MS-Signal indicator and to be able to rise above 30181.8. If it falls below 28951.7, there is a possibility of a decline around 26907.0-27656.1, so you need to think about how to deal with it. Since a volume profile section is being formed around 28454.9 on the 1M chart, there is a possibility that it will touch around 28454.9 and rise. If this time it rises above 30181.8 and holds the price, it is expected to rise above 32275.6. If it rises above 28951.7 and then falls below 28951.7, it is good to see how it turns. Because the 28951.7 point is the stop loss point for the 32275.6-37243.4 section. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. By touching 5EMA on the 1D chart, the position entry section that requires quick response has been changed. - 'LONG' position that requires quick response 1. Entry: 30000.5-30181.8 2. 1st: around 30971.3 3. Close of trade: around 32275.6 - 'SHORT' position that requires quick response 1. Entry: 28951.7-29242.2 2. 1st: Around 28454.9 3. Secondary: around 27656.1 4. Trade close: around 26907.0 The previous full position entry is still valid. ------------------------------------------- (BTCKRW chart) The HA-High indicator on the 1D chart was created at 39579000 and fell. Therefore, it is necessary to check the flow for at least 1-3 days. If it drops below 37585000 during the flow check, it could touch around 35539000, so you need to think about countermeasures against it. If price continues to rise above 39579000, I would expect a rise around 43791000. ------------------------------ - 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. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
Market Update | Bitcoin, Alts and Bitcoin DominanceHello traders, - there is something interesting happened !! - It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !! - Bitcoin dominance is going down as expected before and we are already started a mini alt season. - TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there. - this retracement will give us a chance to fill our bags in lower prices before another up rally. - in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops. - it's important to keep in mind that the crypto market may experience significant drops at any given time. - While these drops can provide opportunities to make money, it's crucial to approach them with caution. - To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise. - As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively. Really thanks !! leaving like and comment is appreciated !!
BITSTAMP:BTCUSDLong
by Khaledzu
Market Update | Bitcoin, Alts and Bitcoin Dominance Hello traders, - there is something interesting happened !! - It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !! - Bitcoin dominance is going down as expected before and we are already started a mini alt season. - TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there. - this retracement will give us a chance to fill our bags in lower prices before another up rally. - in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops. - it's important to keep in mind that the crypto market may experience significant drops at any given time. - While these drops can provide opportunities to make money, it's crucial to approach them with caution. - To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise. - As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively. Really thanks !! leaving like and comment is appreciated !!
CRYPTOCAP:BTC.DLong
by Khaledzu