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(USDT 1D chart)
(USDC 1W chart)
If funds continue to flow through USDT, I think the coin market is likely to plunge soon.
Accordingly, it is necessary to think about countermeasures for holding coins (tokens).
(BTC.D 1D chart) The rise in BTC dominance can be interpreted as a concentration of funds towards BTC.
However, in a situation where funds are flowing out through USDT, and if USDT dominance maintains an upward trend, the coin market is likely to face a major plunge in the near future.
(USDT.D 1D chart) The fact that USDT dominance is rising while the gap of USDT is falling is evidence that selling coins (tokens) in the coin market is showing an upward movement in USDT dominance.
Therefore, if the outflow of funds through USDT stops or if USDT dominance does not show a decline, the coin market is expected to accelerate its downward trend.
Therefore, the key is whether the USDT dominance can fall below 7.86 and be resisted.
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(BTCUSDTPERP 1D chart) The flow of money in the coin market is not very good.
Under these circumstances, a sharp rise is likely to cause a large sell-off.
We believe we are also at a point where we need a trading strategy to preserve our funds.
If the outflow of funds continues, it is expected that large volatility will occur in the near future.
Depending on how well you can defend the price in this volatility, I think it's time to focus on whether the area around the current section can provide an opportunity to form a bottom section.
If the price rises, you should seek a way to reduce the loss of the coins (tokens) you traded from a short-term perspective in your altcoins.
If you have a coin (token) that is profitable, you should also think about how to eliminate losses by exchanging profits and losses.
The basics of trading are to buy when the price is falling and moving sideways, and to sell when the price is rising and stalling.
However, the above trading principle does not hold true when the price of BTC is in an area where there is a high likelihood of a bottom or trough during a continuing downtrend.
When the price seems to move sideways at some point and then rises to find support again at some point above it, then you should consider buying.
This means that you should buy when you see the price rise.
However, you need to determine yourself or look at the flow of the chart to see how you are supported at the selected support and resistance points or sections.
Buying when prices are rising requires a short-term response at first, as the average purchase price will continue to rise.
However, if the price continues to rise, the proportion will increase, so the increase in the average purchase price will decrease.
I believe that buying in this way and getting out of the bottom or low point will allow you to finish the purchase more reliably.
When you trade, getting a big profit is the most important thing.
However, in order to make big profits, you need to reduce your losses, and you need a trading strategy to keep your psychological state stable.
If not, it is highly likely that you will not be able to hold until the end and close the trade midway.
No matter how you trade, you must remember that keeping your psychological state stable by trading with a trading strategy that suits you is the most important trading strategy to obtain big profits.
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The question is whether it will form a bottom by continuing sideways in the 15908.2-17170.0 section, or whether it will move around 13121.7 or around 18K in the face of large volatility and create a new wave.
In order to turn into an uptrend, the price needs to stay above the HA-Low line and above the MS-Signal indicator.
Therefore, it should show support by rising above at least 17170.0.
However, since the HA-Low point and the MS-Signal indicator point are far apart, we need to see if the price can be maintained above 17170.0 until the MS-Signal indicator declines.
The next volatility period needs to see what kind of movement it will make in the volatility period of November 17-19.
(1h chart) The circled zones on the chart are important support and resistance zones.
We are yet to attempt the 4th breakout of the 5EMA line on the 1D chart.
When there is an attempt to break through the 5EMA line, the key is whether the price can be maintained above the 5EMA line.
Because if not, a bigger drop could occur.
If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
It remains to be seen whether the large volatility described above will occur during this volatility period.
It should not be forgotten that when the price movement is slowing, it is an important time to revise or supplement the trading strategy of the coin (token) you own.
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- big picture I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K.
** 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.
** 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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註釋
(USDT 1W chart)
(USDC 1W chart)
I think the outflow of funds through USDT has a great impact on the coin market.
Therefore, the key is whether or not the outflow of funds through USDT stops.
(USDT 1D chart)
(USDC 1D chart)
註釋
(BTCUSDTPERP 1D Chart) With today's rise, the HA-Low line is falling and is about to form at 16729.8.
Therefore, the closing position of today's candlestick has become important.
(1h chart) It is also necessary to check whether the price can be maintained above the 5EMA line on the 1D chart.