readCrypto的BINANCE:BTCUSDT的Even if it falls, you should prepare for an uptrend

Even if it falls, you should prepare for an uptrend

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The High Boundary Zone has been changed to the 101947.24-103706.66 range.

Therefore, anything above 103706.00 is considered a high range.

However, the basic 106133.74 point is likely to act as resistance.

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The StochRSI indicator is showing a decline to the 50 point range.

Therefore, since volatility is likely to occur, a quick response is required when trading.

Therefore, the point of observation is whether there is resistance near 106133.74.

When a new candle is created, if the StochRSI indicator falls below the 50 point, the key point is whether there is support near 101947.24-103706.66.

If there is support, I think there is a high possibility that the uptrend will continue.

If the StochRSI indicator enters the oversold zone and falls below 101947.24 and shows resistance, you should check whether it touches the BW(0) indicator or the HA-Low indicator.

The 93576.0-34742.35 zone is expected to be an important support and resistance zone.

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It seems that a lot of funds have flowed into the coin market through USDC.

Accordingly, the coin market is likely to show an upward trend soon.

As I said before, for the altcoin bull market to start, BTC dominance must fall below 55.01 and remain there or show a downward trend.

The maximum decline point of USDT dominance is expected to be around 2.84.

After that, since USDT dominance is expected to show an upward trend, the coin market is expected to show a downward wave.

If it goes up by 4.97 or more, I think you can definitely tell that a downtrend is in progress.

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Based on the above coin market cap chart, this uptrend is expected to be the last uptrend.

Therefore, even if the price falls, a trading strategy that prepares for an uptrend is needed.

The point to watch is whether this uptrend can rise to the Fibonacci ratio point of 2.24 (116940.43).

This volatility period is expected to continue until January 31.

The next volatility period is expected to be around February 9-16.

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Thank you for reading to the end.
I hope you have a successful trade.

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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, we can see that the increase is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, we do not expect to see prices below 44K-48K in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

That is, the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, this Fibonacci ratio is expected to be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

It is up to you how to view and respond to it.

Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.

The reason is that the user must directly select the important selection points required to create the Fibonacci.

Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

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交易進行

There is a divergence where the indicator is falling but the price is rising.

Accordingly, it is expected that the key will be whether there is support near 104463.99.

If it falls, we need to check whether there is support near 101947.24-103706.66.

註釋

#BTCUSDT

I think you have prepared for the decline.

Since it fell from 104463.99, it is important to see support around 101947.24-103706.66.

If it is supported around here, it is expected to lead to an attempt to rise to the Fibonacci ratio 2.24 (116940.43).

If it falls,
1st: 97461.86
2nd: 93576.0-94742.35
It is necessary to check whether it is supported around the 1st and 2nd above.

It is important to see whether it is supported around the 1st and 2nd above because it can maintain the upward trend if it is supported around the 1st and 2nd above.

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Added StochRSI indicator to BW v3.0 indicators to reduce the number of auxiliary indicators.

You can share this idea in the following ideas.

註釋

#BTCUSDT

The DOM indicator has fallen below 0.

If the BW indicator falls below 0, there is a possibility of a sharp decline, so be careful when trading.

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If I were to explain the above content as it is, if a sharp decline occurs, the BW indicator will fall below 0.

If I were to explain it this way, it would be difficult to interpret the actual chart, so I would say the opposite.

Since all indicators are generated according to the movement of price and trading volume, if you interpret the chart with the indicator as the top priority, you may respond to the counterattack or one beat late.

Therefore, you should interpret the chart with the top priority of checking whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts.

In that sense, I think that the support in the HA-Low, HA-High, BW(0), and BW(100) indicators is a good reference for creating a trading strategy or response strategy.

註釋

#BTCUSDT

It fell below 101947.24 and touched the first support area of 97461.86-98892.0.

Looking at the 30m chart, it is key to see if it can receive support near the BW(0) and HA-Low indicators and break through the MS-Signal indicator and the 5EMA and M-Signal indicators of the 1D chart.

If it fails to rise, it is likely to fall to the second area of 93576.0-94742.35, so you should think about a response plan for this.

If it falls below the M-Signal indicator of the 1D chart and maintains the price, it should be interpreted as a short-term downtrend.

However, since the M-Signal indicator on the 1W chart is rising in the important support and resistance area of 93576.0-94742.35, a full-scale downtrend will begin when it falls below the M-Signal indicator on the 1W chart and encounters resistance.

註釋

#BTCUSDT

It touched around 97461.86 and is rising to around 101947.24.

The key is whether it can receive support around 101947.24.

If it fails to rise, it may fall to around 97461.86 again, so it is necessary to check whether it supports or not.

This volatility period is expected to continue until January 31st, so caution is required when trading.

註釋

#BTCUSDT

This volatility period is expected to continue until January 31st.

It failed to rise above the high boundary zone.

It is expected to continue the short-term uptrend if it receives support near 101947.24.

If not,
1st: 97461.86
2nd: 93576.0-94742.35
It is possible that it will fall to the 1st and 2nd areas above.

In any case, this volatility period is coming to an end.

Therefore, we need to check if it can receive support near 101947.24.

Be careful when trading because it may take at least 1-3 days to confirm support.

Even if it fails to rise above 101947.24 and turns into a short-term downtrend, it must fall below the M-Signal indicator on the 1W chart for an actual downtrend to occur.

Therefore, it is literally a short-term flow, moving sideways within the actual box section.

The volatility we should pay attention to is expected to be a volatility period starting around February 9th.

This is because after some time around February 9th, the M-Signal indicator on the 1W chart is expected to rise to around 93576.0-97742.35.

At this time, a change in trend may occur depending on whether the price is maintained above the M-Signal indicator on the 1W chart.

Unless USDT or USDC gap down, we expect the coin market to continue its upward trend.

Accordingly, we need to look into whether USDT or USDC gap down.

註釋

In order to intuitively interpret the DOM auxiliary indicator, it was added to be displayed in the price chart section and the DOM auxiliary indicator was hidden.

#BTCUSDT

This volatility period is until January 31.

The key is whether it can be supported near the high boundary zone of 101947.24-103706.66 and rise above 106133.74.

The next volatility period is expected to start around February 9.

註釋

#BTCUSDT

It is falling below 101947.24.

The key is whether it rises above 101947.24 when it rebounds.

If not,
1st: 97461.86
2nd: 94742.35
It is expected to fall to the 1st and 2nd levels above.

If it fails to rise above 101947.24, it is possible to switch to a SHORT position.

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You should check whether all coins (tokens) are supported near important support and resistance points when they rebound.

If they are not supported, it is highly likely to lead to further declines.

If BTC rises above 101K and fails to be supported, altcoins may turn into a short-term downtrend or all altcoins that are already in a downtrend may fall further.

If BTC does not rise above 101K, it will be time to sell the coins (tokens) that are making profits.

Instead of reinvesting the amount of the sold coins (tokens) in other coins (tokens), you need a strategy to reinvest the sold coins (tokens) when they show signs of rising and increase the number of coins (tokens) you hold.

註釋

#BTCUSDT

The key is whether it can find support near 97461.86 and rise above the MS-Signal (M-Signal on the 1D chart) indicator.

In other words, we need to see whether it moves sideways or rises near 97461.86-98892.0.

If not, and it falls, we need to see whether it can find support near the important support and resistance point of 94742.35.

Since the BW(0) indicator is formed at 92792.05, there is a possibility that it will touch near this point.

If it still falls, it is expected that the trend will be determined again by touching the M-Signal indicator on the 1W chart.

If you look closely at the chart, you can see that a blue box section has been formed.

This blue box section is the box section of the HA-High indicator.

In other words, you can see that it is currently moving sideways.

Therefore, the start of a real downtrend is expected to begin when it falls below the lower point of the HA-High indicator box and then shows resistance near the M-Signal indicator on the 1W chart.

I hope that the HA-Low indicator will be created with this decline.

The fact that the HA-Low indicator was created means that it has escaped the low section, so it can close the current wave and create a new wave.

If it falls below the HA-Low indicator, it is likely to show a stepwise decline, which seems dangerous, but since the current M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart, the maximum decline point can be seen by the M-Signal indicator on the 1M chart.

Therefore, I hope that it will create a new wave and become a new beginning.