Need to check if supported near newly created 23129.6
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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)
The width of the gap is decreasing, but it still creates a gap and shows an uptrend.
The next period of volatility is around March 5th.
Therefore, it is necessary to check whether the uptrend is maintained even after a period of volatility.
(USDC 1D chart)
The key is whether it can rise above 42.563B and hold.
The next period of volatility is around March 10th.
(BTC.D 1D chart)
If it starts to fall below 43.75, it is possible that the pumping of altcoins will start again.
However, these trends have the potential to delay the time to bull market or make it more difficult to respond, so you should consider whether you can proceed with the buy according to your medium and long-term trading strategy.
(USDT.D 1D chart)
The next period of volatility is around March 3rd.
At this time, it is necessary to confirm whether it will rise above 7.14 or fall to around 6.21.
Funds are continuously flowing into USDT and USDC.
This phenomenon increases the liquidity of the coin market, and the possibility of an upward trend in the coin market is increasing.
The most important thing about these fund movements is whether or not they are maintained even if BTC plummets.
If the price of BTC shows a continuous influx of money whether it is falling or rising, I think it is highly likely that buying for next year's bull market is in progress.
I think BTC dominance is too low considering the BTC halving next year.
Therefore, when the BTC price starts to rise in earnest, BTC dominance is expected to show a significant upward trend.
---------------------------------------
The HA-High indicator on the 1W chart is not showing signs of moving even though the RSI has moved out of the overbought zone.
Therefore, if it fails to rise above the M-Signal indicator on the 1M chart, it is expected to fall to the vicinity of the HA-High on the 1W chart.
----------------------------
(BTCUSDTPERP 1D Chart)
A new support and resistance point was created on the 1M chart at 23129.6.
Therefore, the key is whether it can be supported around 23129.6.
The cup pattern was completed as it rose above section A, and is currently showing a movement to make a cup pattern by rising to section B.
It is expected to be supported and raised around 22471.5 to make a handle of the cup pattern.
Therefore, it can be seen that the importance of 22.4K, which I mentioned yesterday, is an important support section to continue the upward trend.
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
My thoughts are that if it rises above 29K, the coin market will enter a full-fledged upward trend.
This idea has been around for a long time.
And, I think the current situation should come out with a shaker to reverse the mid- to long-term trend.
So, it doesn't really matter where the current price moves.
What matters is whether you can make mid- to long-term buys in these moves.
Therefore, it is recommended that you consider whether you can proceed with the purchase in the current movement and proceed with the purchase according to the medium and long-term trading strategy.
However, the maximum trough of Shake is likely to be 17.8K, so there must be an alternative to this.
Whether it will be the middle section of the shake or the bottom section is still unknown, but the 20984.7-21826.1 section is expected to be very likely to be touched.
(1h chart)
The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
This is because the key to trading in such a short period is to earn profits by trading according to movement in the box or sideways range or when it breaks out of it.
It's a situation where you can't get out of the box section 23390.5-24536.0 section.
Therefore, the key is whether you can strongly get out of this box area.
Position entry is as before.
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(BTCKRW 1D chart)
The next period of volatility is around March 6th.
Therefore, it is necessary to check whether it can be supported around 31024000, the newly created support and resistance point on the 1M chart.
If not, you need to make sure you keep the price above the MS-Signal indicator.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
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)
The next period of volatility is around March 5th.
Therefore, it is necessary to check whether the uptrend is maintained even after a period of volatility.
(USDC 1D chart)
The next period of volatility is around March 10th.
(BTC.D 1D chart)
However, these trends have the potential to delay the time to bull market or make it more difficult to respond, so you should consider whether you can proceed with the buy according to your medium and long-term trading strategy.
(USDT.D 1D chart)
At this time, it is necessary to confirm whether it will rise above 7.14 or fall to around 6.21.
Funds are continuously flowing into USDT and USDC.
This phenomenon increases the liquidity of the coin market, and the possibility of an upward trend in the coin market is increasing.
The most important thing about these fund movements is whether or not they are maintained even if BTC plummets.
If the price of BTC shows a continuous influx of money whether it is falling or rising, I think it is highly likely that buying for next year's bull market is in progress.
I think BTC dominance is too low considering the BTC halving next year.
Therefore, when the BTC price starts to rise in earnest, BTC dominance is expected to show a significant upward trend.
---------------------------------------
Therefore, if it fails to rise above the M-Signal indicator on the 1M chart, it is expected to fall to the vicinity of the HA-High on the 1W chart.
----------------------------
(BTCUSDTPERP 1D Chart)
A new support and resistance point was created on the 1M chart at 23129.6.
Therefore, the key is whether it can be supported around 23129.6.
The cup pattern was completed as it rose above section A, and is currently showing a movement to make a cup pattern by rising to section B.
It is expected to be supported and raised around 22471.5 to make a handle of the cup pattern.
Therefore, it can be seen that the importance of 22.4K, which I mentioned yesterday, is an important support section to continue the upward trend.
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
My thoughts are that if it rises above 29K, the coin market will enter a full-fledged upward trend.
This idea has been around for a long time.
And, I think the current situation should come out with a shaker to reverse the mid- to long-term trend.
So, it doesn't really matter where the current price moves.
What matters is whether you can make mid- to long-term buys in these moves.
Therefore, it is recommended that you consider whether you can proceed with the purchase in the current movement and proceed with the purchase according to the medium and long-term trading strategy.
However, the maximum trough of Shake is likely to be 17.8K, so there must be an alternative to this.
Whether it will be the middle section of the shake or the bottom section is still unknown, but the 20984.7-21826.1 section is expected to be very likely to be touched.
(1h chart)
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
This is because the key to trading in such a short period is to earn profits by trading according to movement in the box or sideways range or when it breaks out of it.
It's a situation where you can't get out of the box section 23390.5-24536.0 section.
Therefore, the key is whether you can strongly get out of this box area.
Position entry is as before.
-------------------------------------------
(BTCKRW 1D chart)
Therefore, it is necessary to check whether it can be supported around 31024000, the newly created support and resistance point on the 1M chart.
If not, you need to make sure you keep the price above the MS-Signal indicator.
------------------------------
- big picture
This is the 81K-95K range that we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
