readCrypto

To turn into a long-term uptrend...

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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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)
All charts confirm the gap increase and show an uptrend.

(USDC 1D chart)
All charts show an increase in the gap, but it's still too early to say it's on the rise.

(BTC.D 1W chart)
During the volatility period of 22nd-24th January, it will be a question of whether it can find resistance and decline in the 43.75-45.68 area.

Otherwise, if it rises above 45.68, there is a possibility that a strange market will be formed where only BTC rises, or the coin market will show a large decline.

The rise in BTC dominance means that money is concentrating towards BTC.

Therefore, it is likely that BTC will dominate the coin market.

With BTC dominance, you can only tell whether funds are concentrated towards BTC or altcoins, but cannot predict the movement of BTC price.

The next volatility period is around March 30th.


(USDT.D 1D chart)
During the volatility period of January 23rd-25th, we need to make sure it stays below 6.90.


No matter how the USDT, USDC, BTC.D charts change, the decline in USDT dominance is likely to indicate an uptrend in the coin market.

Therefore, to see the trend of the short-term coin market, you just need to check whether the USDT dominance is currently on a down or up candle.

If USDT dominance is on a falling candlestick, it can be interpreted that the coin market is likely to show an uptrend.

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(BTCUSDT 1W chart)
Volatility is likely around the week that includes January 30th.

Therefore, it is necessary to keep a close eye on movements during this period of volatility.


The MS-Signal indicator has turned into an uptrend.

Therefore, we see a mid- to long-term uptrend, but it needs to hold the price above 20050.02 to be maintained.


I also hope that it will just turn to the uptrend with a bigger rise, but it has been in a downtrend for too long.

Therefore, it is unlikely that it will show an immediate uptrend.

Therefore, when rocking up and down, it is important at which point and which section you are supported.


The StochRSI indicator is approaching the 100 point.

So, it's showing tremendous upside strength.

If the price fails to make a new high when it is showing such high strength, it is more likely that it will eventually lead to a bearish picture.

When StochRSI turns down and exits the overbought zone, it is important to see where it finds support or resistance.

1st: 21023.14-21853.06
2nd : 19695.87-20050.02
3rd: Around 17880.71


(1D chart)
Breaking highs is important to continue the uptrend.

And, it is also important to look at raising the lows.

Therefore, it is necessary to check whether there is a movement out of the yellow support and resistance zone.


If the current price shows a sideways trend, sooner or later the Heikin Ashi body will start showing a bearish sign.

This is the time to see if you can overcome it or not.


In order to turn into a long-term uptrend, the price must maintain the price by rising above the HA-Low on the 1M chart and above the MS-Signal (M-Signal) on the 1M chart.

Currently, M-Signal on the 1M chart is declining around 26K.


What is important to look at during this period of volatility, around January 21-28 (up to January 18-31)

1. Can an M-Signal indicator on the 1M chart be created next month by maintaining the price around 21023.14?

2. Can it be supported and rise on the newly created 1D chart's HA-High indicator?

3. Can the price be maintained above 20050.02 to maintain the mid- to long-term upward trend?

You need to check the 3 things above.

If you show support like this, chances are you'll end up rocking up and down while walking sideways.


However, I think this is a positive move from my point of view as it has turned into a new trend.

To maintain this new trend, you need to keep the price above the downtrend line (1) even if it shows a decline.

This is a very important point from a mid- to long-term perspective.


A decrease in USDT.D and a decrease in BTC.D means that the coin market is likely to show an upward trend as funds are concentrated towards altcoins.

Therefore, it can be interpreted that BTC prices are likely to move sideways or fall, while altcoins are likely to show an upward trend.

However, if the BTC price falls below a certain point, the price of the altcoin will drop sharply.

If you don't find a way to deal with it, you'll end up losing money or buying at the top.

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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/).

** HA SRRC 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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評論:
5EMA on the 1D chart rose to the 22471.5-22975.1 zone.

Therefore, volatility is expected to occur in the near future.


Since the points for entering each position have not changed, I will not comment on them separately.

[Example of exchange chart setup]

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

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