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(BTCUSDT chart) I think it is meaningless to continuously predict direction while looking at a chart with little movement.
(1D chart) However, since it is currently unable to escape the downward trend line, if it falls below the MS-Signal indicator and shows resistance, volatility is likely to occur.
At this time, the key is whether it receives support around 26101.77-16189.99.
I think BTC's movements are likely to show significant volatility around October 3rd.
Therefore, the day trading period is expected to end around October 3rd or at the end of the week.
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When the day trading period ends and the volatility period begins, we are asked how much the fluctuation will be.
However, I am telling you that I do not know because I think it makes no sense to predict the amount of change when the movement has not even started.
I think it is possible to make some predictions by checking the support and resistance points currently formed on each chart.
(1M charts) On the 1M chart, support and resistance points are formed at 20050.02.
These support and resistance points are near the high point formed in December 2017, so they are meaningful support and resistance points.
(1W chart) To see trends beyond the short term, I think the trend on the 1W chart works best.
In that sense, I think significant volatility will begin when the price falls below 21580.0-23174.39 or rises above 29241.72-30767.38.
Therefore, if it falls, the key is whether it receives support around 167383.21-21258.0.
If it rises, the key is whether the price can be maintained above 30767.38.
Therefore, if there is a large upward trend when a period of great volatility begins, a pull back pattern is expected to be created in the 30767.38-38531.90 range.
At this time, whether or not the opportunity can be seized is expected to be determined depending on whether the first purchase is made at the BTC price below 29K.
If it falls at the start of a period of high volatility, it is expected to rise more quickly.
The reason is that there is a high possibility that liquidity will be secured due to a large decline, and as the price drops to near the high point of 2017, there is a high possibility that buying momentum will increase rapidly.
Therefore, it is necessary to check the volume when the price falls around 21258.0-23174.39.
If the trading volume continues to rise by more than three times the average trading volume, there is a possibility that it will turn into a rapid upward trend, so a countermeasure is needed.
(1D chart) What I said on the 1W chart is based on the support and resistance points formed on the 1W chart.
Therefore, to check the details, you must check the support and resistance points on the 1D chart.
The sections mentioned in the 1W chart are more detailed in the 1D chart.
It is expected that the size of the rebound will be able to be determined depending on the trading volume that occurs when the price breaks through each support and resistance zone.
The next story will begin after the movement begins.
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ملاحظة
(BTCUSDT chart) The key is whether it can find support around 26101.77-26189.99 and break away from the downward trend line.
ملاحظة
(BTCUSDT 1D chart) With the creation of a new trend line, we expect the volatility period to move forward to around October 1st.
ملاحظة
(DXY chart)
(USDC chart)
Investment markets are cooling down as DXY shows an upward trend.
In line with this, USDC continues to decline.
Accordingly, the coin market and the stock market are separated and will likely remain separated in the future.
(USDT chart) However, there is a possibility that the coin market will be temporarily affected by this.
I believe that this influence is largely due to psychological factors.
This is because the coin market currently has very little connection to the real world.
In the future, when the coin market begins to be widely used in the real world, it is expected to show the same flow as the stock market, that is, the investment market.
In any case, USDT does not appear to be significantly affected yet.
Therefore, rather than worrying in advance and liquidating all coins (tokens) held, I think it is better to respond to the period of great volatility that may occur in the future by reducing the proportion of holdings.
(BTCUSDT chart) The volatility period has been changed to around October 1st.
Accordingly, the 26101.77-26189.99 section is becoming a more important support and resistance section.
The beginning of a period of great volatility - falls below 21258.0-23174.39 or - Rising above 29241.72-30767.38 It is expected to start.
ملاحظة
(USDC chart) The USDC chart shows large fluctuations. It will take at least 1-3 days to know whether this fluctuation will affect the coin market.
(USDT chart) Although it is showing a decline in the rising channel, it is still located within the box section, so it appears to be moving sideways.
(USDT.D chart) It is located below 8.16, but it is located within the rising channel, so we need to see if we can break below the rising channel.
If not, caution is needed as the upward trend is likely to continue.
ملاحظة
To find out whether the coins (tokens) you own can rise along with the upward trend of BTC, you can find out to some extent by referring to the flow of the BTC market.
When BTC is rising, if there is a significant decline in the BTC market and it falls below the bottom of the box, it is unlikely to rise together with BTC, so caution is required.
ملاحظة
(BTC.D chart) Currently, as BTC rises, BTC dominance is also rising.
Accordingly, if this trend continues, altcoins are likely to gradually sideways or decline.
Therefore, caution is required when trading altcoins.
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