readCrypto

Will it touch around 24K and form a high point...

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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)
I need to see if I can keep it at 66.442B or higher.

(USDC 1D chart)
We need to see if it can rise above 44.07B.


(BTC.D 1D chart)
It is important to see if it can rise above 43.75 to meet resistance and fall.

(USDT.D 1D chart)
It is necessary to check which direction it deviate from the 6.90-7.27 section.


USDT is holding above 66.442B.

The phrase being maintained can be interpreted as meaning that the coin market is rising with the funds currently in the coin market.

Therefore, in order to continuously maintain the upward trend of the coin market, it is necessary to continuously see funds flowing into USDT.

USDC's continued gap decline should be cautious as it could put pressure on the coin market, limiting its uptrend.


BTC dominance is looking to rise above 43.75.

Therefore, the key is whether it can meet resistance and decline in the 43.75-45.68 area.

If BTC continues to rise and the BTC dominance rises above 45.68, I think there is a possibility that the altcoin's price will start to decline as the brakes are put on the brakes in the counterproductive effect.

Therefore, it is necessary to give altcoins enough time to rise or show that new funds are flowing into the coin market.

It is necessary to check whether there is a change in movement based on the volatility period of BTC dominance around January 23rd.


The decline of USDT dominance below 6.90 shows that the coin market is on an uptrend.

The key is whether it can break the 5.89-6.21 range, which is expected to be the peak of this bullish trend, and fall.

If not, it is expected to form a high in the coin market.

It is necessary to check whether there is a change in movement based on the volatility period of USDT dominance around January 24th.


I told you that you should buy (you have to dip your feet) before this upward trend, but if you ask if it is okay to buy altcoins even now after they have risen like this without buying at that time, my answer is one thing.

I will tell you to trade your current altcoins and increase the number of coins (tokens) corresponding to your profit to continuously lower the average unit price or increase the number of coins (tokens) you own.


The period of maximum volatility is around January 19-30 (Jan 18-31).

The period of full-fledged volatility is around January 21-28 (Jan. 20-29).

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(BTCUSDTPERP 1D Chart)
The 20984.7-21826.1 section, which is important for the mid- to long-term, has been broken upward.

So, the question is whether the price can be maintained at or above the 20984.7-21826.1 range.


However, as I keep telling you, in order for this upward trend to continue, it is necessary to show that funds are continuously flowing into the coin market.

However, since there is almost no such appearance at present, the possibility remains that this rise is an increase for a larger decline.

I think the point that makes that thought disappear is when it rises above 29K.


In this volatility period, it is likely to touch the M-Signal on the chart up to 1M, and if it fails to find support around 24K, it is expected to form a high and start to decline.


When it starts to decline, the most important thing is not to fall below the current downtrend line (1).

If this is maintained, it is expected that even if it drops significantly, it will eventually rise again to form a BOX section.


From a short-term perspective, all conditions are met to continue the uptrend.

However, this is not yet the case from a mid- to long-term perspective.

From a mid- to long-term perspective, it must rise to 59K to satisfy the conditions for continuing the upward trend.

However, this rise is nonsense, so it is said that there will always be sections that shake up and down.

The point where you can shake it up and down like that is around the 24K mentioned above and around the M-Signal on the 1M chart.


From a long-term perspective, the HA-Low indicator on the 1M chart at 20984.7 is looking to be created, although it has not yet been convincingly created.

Therefore, a support near this point increases the likelihood of a long-term uptrend.

Depending on where this month's candlestick closes, whether or not the HA-Low indicator on the 1M chart is created depends, in fact, this period of volatility is expected to be a turning point.


If the 20984.7-21826.1 section is included at the central point that will form a sideways section, I think you should start buying from a long-term investment perspective.

Since you are starting to buy from a long-term investment perspective, you can buy at least one year, so if you buy too much from the beginning, you can keep it on a long voyage and finish the transaction midway.

Therefore, a long voyage fit trading strategy is required.

The expected sideways section is the 19K-24K section.

However, it can start sideways in the 17K-20K section below that.

Therefore, from a long-term investment perspective, you should start buying after a wave on the 1D chart and check the flow.

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(1h chart)
If the price is above the M-Signal on the 1D chart, the main position is 'LONG'.

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


The 'LONG' position to be entered near 'L1', 20794.4-20984.7 is in a state of first and second selling.

At the end of the transaction
1. When touching the vicinity of 23937.1-24294.1
2. When falling below 5EMA on the 1D chart
3. When the average entry price is touched

In fact, the second sale has been completed, so you can close the transaction anywhere you want.


It is ambiguous to select a 'SHORT' position because the price does not show a sideways movement.

So, I guess we'll have to wait for price volatility to happen.

It is good to see if there is support or resistance near the MS-Signal indicator.


To enter a new position, you can enter a position in a direction that deviate from 'T2', 22471.5-22975.1 section.


Entering the 'SHORT' position is when it shows resistance in the 22471.5-22777.2 section and falls below 22471.5.


When it shows support in the 22471.5-22975.1 section and rises above 22975.1, it is possible to enter the 'LONG' position.

However, it is recommended to close the transaction in the 23937.1-24294.1 section, which is highly likely to become a high, and observe the situation.

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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/).

** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(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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تعليق:
Tomorrow is a Korean holiday, so I won't publish any ideas.
Have a nice holiday, have a nice holiday.
تعليق:
Following a candlestick movement with a finger on it, if it fails to break the high point or high point the next day (the current key point is 22487.41), it may turn to the downside, so we need to keep an eye on the movement.
تعليق:
If MS-Signal rises around 22471.5, we expect to touch it sooner or later.

This increases the possibility of a new trend emerging.

Since it's the MS-Signal on the 1h chart, it won't cause much volatility, but we're expecting a change as the 5EMA on the 1D chart is following up.

Since the M-Signal on the 1D chart is passing around 20122.5, if it falls below 5EMA on the 1D chart, it is likely to fall around 19411.7-20122.5.

Depending on where the box section is located, it is expected that it will determine whether it leads to a movement that creates a new trend or renews a new low.

It is expected that the criteria will be determined based on the downtrend line on the 1D chart (1).

[Example of exchange chart setup]

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

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