The concept of being supported or resisted

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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 chart)
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Funds continue to flow into the coin market via USDT.

After the volatility period on or around March 4th, we need to see if the bullish trend continues.


(USDC 1D chart)
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The next period of volatility is around March 10th.

The key is whether it can rise above 42.563B and maintain the uptrend.


(BTC.D 1W chart)
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(USDT.D 1D chart)
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A rise above 6.90-7.27 is expected to cause the coin market to plummet.

A rise in USDT dominance means a fall in the coin market.

A period of volatility began around March 3rd.

After this period of volatility, it is necessary to check which trend line it breaks out of.


As funds flowed into USDT and USDC, the BTC price fell.

I think the meaning is different depending on whether the lead of this decline is the spot market or the futures market.

In my opinion, the market that is currently leading seems to be the futures market.

It is expected that the strategy is to drop the market with 'SHORT' in the futures market and buy coins in the spot market.

If not, it will show a bigger drop.

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(BTCUSDT 1W chart)
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For the first time, I said that when the HA-High indicator is created by falling, it will definitely touch the point where the HA-High indicator forms a horizontal line.

So, I expected to touch the 19900.52 point and move, but it didn't, and I'm trying to show the touch while moving the HA-High indicator again.

Therefore, if this week's candlestick closes near the current price, it will touch the horizontal point of the HA-High indicator.


The HA-High indicator means there is a possibility of a new high.

Therefore, if it is supported by the HA-High indicator, it is likely to continue its upward trend.

If it fails to gain support, it is likely to show a sharp decline, so you should also think about countermeasures.

HA-Low and HA-High indicators are indicators that are highly likely to cause volatility.

So, it is an indicator created for trading.


(1D chart)
Day 2 is about to begin, where you need to see if you are getting support or resistance.

It's a good idea to check this move by at least Monday.

Another way to interpret this is to say that you are currently in an area that is not good for trading.

This is because checking for support or resistance is tedious and mind-blowing, potentially preventing you from executing a proper trading strategy.

Therefore, when you are in this period, you are likely to be seduced by what you say to the community or other chat groups, so I think it is a good choice to trade according to your own trading strategy if possible.


Point 22487.41 is the point where you can make the handle of the completed cup pattern while rising above section B.

The 22426.60 point is the point where the HA-High indicator on the 1W chart is about to move and be created.

It is currently showing resistance near the section that plays an important role, but it is still unknown.


If it falls after receiving resistance in the 22426.60-22487.41 section,
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
It is necessary to check whether it is supported in the first and second sections above.


If it touches below 21853.06, we can see that it is more than -15% down from the highs.

Therefore, I think it is highly likely to be supported in the 21023.14-21853.06 section, but if the force to buy is weak, there is a possibility that it will lead to further decline, so whether it is supported or resisted around 21023.14-21853.06 is actually important.

I think support and resistance should be measured from the next day after touching that section.

Therefore, it fell on March 3rd and fell below 22426.60-22487.41, so March 4th is the day to start looking for support or resistance.

Therefore, you must touch the 21023.14-21853.06 section to check whether it is supported or resisted in the 21023.14-21853.06 section.

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(BTCKRW chart)
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The 29164000 point is the point of the HA-Low indicator on the 1M chart, and if it is supported, it is a point where you can buy from a long-term perspective.

The next period of volatility is around March 6th.

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- big picture
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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.

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註釋
(BTCUSDTPERP 1h chart)
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In reality, support and resistance are not easy to find on time frame charts below the 1D chart, as volatility and whipsaws are likely to occur easily.

However, I think the direction can be known to some extent depending on whether the price is maintained by rising above the MS-Signal indicator or by maintaining the price by falling.

Therefore, it would be good to think of it as an interpretation of how to use the MS-Signal indicator.


Although the MS-Signal indicator has become thin, I think it is showing a failure despite the 3rd upward breakout attempt.

Therefore, if the price fails to sustain its current rise above 22335.6, I believe it is likely to lead to further declines.

If this candlestick dramatically rises above 22335.6 and closes, there is a possibility that it will lead to an additional rise as it looks like it is rising above the MS-Signal indicator.

At this time, the bullish target is around the 5EMA on the 1D chart.

That means it is likely to rise to around 22819.9.

We believe that these interpretations can play a role in creating your own trading strategy.

It is very important to have a standard that suits you because it depends on each person's investment style and investment method.
註釋
(1D chart)
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Uptrend: 0
Stationary : 3
Downtrend: 2 (below 1 + MS-Signal indicator)
It is in a weak downtrend.


(12h chart)
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Uptrend: 0
Stationary : 2
Downtrend: 3 (below 2 + MS-Signal indicator)
It is in a downward trend.


(4h chart)
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Uptrend: 0
Stationary : 4
Downtrend: 1 (below MS-Signal indicator)
It's a situation that shows convergence.


(1h chart)
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Uptrend: 1
Stationary: 3 (located near the MS-Signal indicator)
Downtrend: 1
It's a situation that shows convergence.


Although the big trend is still talking about a downtrend, it is a situation where the movement of trend reversal is showing while showing flatness on the low time frame chart.

Accordingly, it can be seen that it becomes important whether the price can sustain the price rise above 22335.6.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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