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** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update.
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(BTCUSDT.P chart)
(1D chart) In order for the head and shoulders pattern drawn on the chart to be completed, resistance must be found below 26907.0-27486.4.
If not, it's just an incomplete pattern.
Therefore, it is necessary to check whether it rises along the uptrend line around May 10 (May 9-11) and finds support around 27486.4-27976.1.
It is necessary to check whether the M-Signal of the 1W chart and the M-Signal of the 1W chart can be crossed to make a regular arrangement.
This is because the regular alignment signals of these medium- and long-term indicators present important inflection points where new trends can be formed.
Therefore, if it falls below 26907.0 and completes the head and shoulders pattern, there is a possibility of a sharp drop, but from a mid- to long-term perspective, it is expected that the possibility will increase due to the large buying force.
Therefore, the mid- to long-term transition point is 1st: 24294.1-25882.9 2nd: 20853.8-23129.6 It is expected that a direction change will be made by touching the 1st and 2nd vicinity above.
When such a change in direction takes place, it is expected that the 3rd wave of the Elliott wave will proceed.
This move is expected to provide one last good buy point for the medium and long term.
I kept saying that altcoins are not the time to trade now.
In order to invest in altcoins from a mid- to long-term perspective, you should proceed with the first purchase and wait when the value is less than 29K.
Then, when the BTC price soars and rises to around 43K, the altcoins will show a cyclical upward trend, and the second purchase must be made according to the cyclical upward trend.
If not, investing in altcoins will be applied as an insecure factor that amplifies one's own psychological insecurities.
Then, the full-fledged buying period for altcoins is when they show support around 43K.
When the BTC price rises above 43K, the reason why you should proceed with buying altcoins in earnest is because now is the time to intensively buy BTC or ETH.
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(BTCKRW chart) The HA-High indicator on the 1W chart is about to be created at the 37821000 point.
Therefore, it is necessary to make sure that it can rise with support around 37821000.
If it falls below 37243000 and finds resistance, you should check for support around 35539000.
It is important whether the M-Signal of the 1W chart and the M-Signal of the 1M chart can create an orderly arrangement as they intersect, and whether the price can be maintained beyond the range created by the regular arrangement.
This is because these moves come at a critical time for medium and long-term trend reversal.
The next volatility period is around May 15th.
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- big picture A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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노트
(BTCUSDT.P chart) The key is whether the price can sustain the price by gaining support in the 27486.4-27976.1 section and rising above 28454.9-28951.7.
If it fails to do so, it is expected to lead to a sharp decline as it completes a head and shoulders pattern.
1st: Around the M-Signal indicator of the 1W, 1M chart (25882.9) 2nd: 23129.6-24294.1 You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
Being supported around the 1st means that the trend is alive in the mid- to long-term, and at this time, the strength of the wave is expected to be determined by the increase or decrease in trading volume.
This phenomenon is difficult to predict because it is a problem that can only be known exactly in the past.
However, we are currently at the crossroads of whether the pattern is complete or incomplete.
Based on this, the importance of the vicinity of 25882.9 and whether a rise above 32275.6 to break the pattern drawn on the current chart is important.
노트
(BTCUSDT.P chart)
As explained in the BTCUSDT chart, we are currently passing through a period of volatility and there is a movement around 27486.4.
Therefore, if it is confirmed that it is supported in the 27486.4-27979.1 section, it is possible to buy it.
The primary target for this buy is currently around 30181.8, the point of the HA-High indicator on the 1D chart.
노트
(BTCUSDT.P chart) The Head and Shoulders pattern drawn on the 1D chart is showing signs of being completed.
Therefore, if it does not rise quickly above 27486.4, we expect the head and shoulders formation to be complete.
When the pattern is complete, 1st: 25882.9 2nd: 23129.6-24294.1 You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
Since the point of maximum decline is from the HA-High indicator on the 1W chart, there is a possibility that it will drop to around 21826.1, the current point of the HA-Low indicator on the 1W chart.
However, as the decline progresses, there is a possibility that the HA-Low indicator will move and be created, so it is necessary to check where the point is.
노트
(BTCUSDT.P chart) Around May 10th, I think the head and shoulders pattern was completed as it fell below 27486.4.
So, if it fails to rise above 27486.4, a sharp decline is likely and you should think about how to counteract it.
However, since the M-Signal indicator of the 1M, 1W chart is passing around 25882.9, it is necessary to check whether it is supported around this area.
If it falls below 25882.9, I would expect a decline around 23129.6-24294.1.