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(BTCUSD 1M chart) We need to see if we can break the new high (ATH) by rising above the previous high.
It has been two months since the StochRSI indicator hit the highest point in the overbought range.
Looking at the historical charts, the time when it was maintained at the highest point of the overbought range was February-March 2021.
Therefore, it is necessary to confirm whether the same movement will be seen this time as before.
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(BTCUSDT 1M chart) Accordingly, when the price falls below 67K-69K and shows resistance, a first installment sale is required.
The second split sale occurs when the price falls below 64K.
I think it is best to proceed with the last sale when the price falls below 59K (56K-61K).
(1W chart) The MS-Signal (M-Signal on 1W chart) indicator is showing an increase above 53256.64.
Accordingly, if it falls below the MS-Signal (M-Signal on the 1W chart) indicator, it is expected to fall sharply.
However, as the decline progresses, there is a possibility that a new HA-High indicator will be created, so if the HA-High indicator is created, whether or not there is support around it will be an important issue.
Therefore, since there is a possibility that the HA-High indicator may be created in the selling section described in the BTCUSDT 1M chart, we need to consider how to set the split selling proportion.
Considering the current position of the HA RSI indicator, the section where the HA-High indicator is likely to be generated is expected to be around 64K.
Accordingly, it is recommended that the selling proportion in the first split sale range, 67K-69K, as explained above, be sold at a level that can reduce psychological anxiety that may occur when the price falls.
Although it is a difficult problem, I think it is usually a good idea to sell in installments of 10% to 20%.
So, I don't think you will be too disappointed if the split sale leads to an increase.
When the decline progresses and shows support near the next selling section or HA-High indicator, the average purchase price will not increase significantly even if you buy it again with the sold amount.
If you sell and then buy again when the price has not fallen much, you may think that it is a loss because the quantity you hold decreases, but I don't think it is a big loss because it has reduced your psychological anxiety to some extent.
The reason is that if you continue to trade while feeling psychologically anxious, you will be unable to do anything when important transactions need to be made, and you are likely to suffer greater losses.
Therefore, the most important thing to consider in trading is knowing what your psychological state is.
Next, you need to create a trading strategy using the information (support and resistance points) obtained through chart analysis.
Only then will you be able to suppress changes in chart analysis and interpretation based on your psychological state.
(1D chart) The key is whether it can receive support near the HA-High indicator and rise above 1.27 (73308.95).
This is because if it is supported by the HA-High indicator and rises, there is a high possibility of renewing the previous high point.
Expected target is 1.618 (88913.24).
However, since there may be resistance and decline around 1.414 (49468.89), you should also think about countermeasures against this.
In the end, when the reported price (ATH) is updated, you will need to sell in installments.
Since BTC and ETH are coins that allow for long-term investment, from a long-term investment perspective, it is recommended to increase the number of coins held for the long term by selling them for the amount of principal purchased and leaving the number of coins equivalent to the profit.
Since the average purchase price for the number of coins corresponding to profit is 0, if these coins are continuously increased, long-term investment in any coin (token) will be possible.
Purchase principal
If you sell it in installments equal to the selling amount calculated as above, you can get the principal and some cash profit.
Secondary indicators are based on 1D charts.
Therefore, it may not fit well on charts other than 1D charts.
Therefore, the explanation of the StochRSI indicator in the BTCUSD 1M chart may be incorrect.
Therefore, it is recommended to use it to check at which support and resistance points the movement of secondary indicators is inflected.
When the new high (ATH) is being updated, it is not easy to identify important support and resistance points, so I think the key is how well the split selling is carried out.
The next volatility period for BTC will be on March 31 (March 30-April 1).
These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
#BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55
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노트
It is believed that the upward trend is maintained as funds continue to flow into the coin market.
When USDT shows some sideways, USDC seems to be increasing the gap, maintaining the upward trend of the coin market.
In any case, if USDT shows a large gap decline at some point, I think there is a high possibility that it will be the peak of the coin market.
Even if the gap between USDT and USDC falls, the price of BTC can be maintained.
However, if funds begin to flow out of the coin market, the price will eventually decline.
노트
(BTCUSDT 1W chart) The section the finger points to corresponds to the section where the StochRSI indicator falls and then rises.
When the StochRSI indicator made waves, prices showed sideways movements.
(1M charts) If you look closely at the sideways section, it is near the HA-High indicator on the 1M chart.
Additionally, a volume profile section is formed around 42283.58.
Therefore, it can be seen that the area around 42283.58-43823.59 is an important support and resistance area.
It is necessary to check whether the above movement occurs near the current price.
The important range at the current price is expected to be around 66401.82-69000.0.
Since the 64K point is a point formed on the 1M chart, if it falls below this point, it is thought that the coin market will show a downward trend.
Looking at the 1W chart, the volatility period is expected to be around the week of April 29th.
It is difficult to say that StochRSI < StochRSI EMA has not yet occurred, so we will have to take a close look at future movements.
(1D chart) The HA-High indicator is formed at 70231.38.
Therefore, the key is whether it can be supported and rise around 69000-70231.38.
If it falls below 64000.0, I think it is better to buy when it is on a rising candle.
The reason is that, as mentioned earlier, if it falls below 64K, there is a high possibility that the selling trend will increase as the trend begins to shift to a downward trend.
This is because an unwanted flow, that is, a plunge, may occur.
However, if the price plummets and falls by more than -10%, it is a time for aggressive buying, so you need to think about various situations in advance and think of a response plan.
The volatility period on the 1D chart is around March 31st (March 30th - April 1st).
(ETHUSDT 1W chart)
노트
When prices fall, funds appear to be flowing into the coin market.
I think that when the price falls, there is a high possibility that it will turn into a downward trend only if funds are seen flowing out of the coin market.
Therefore, I think it is necessary to be cautious when conducting transactions based solely on analysis of price volatility.
Therefore, I think it is better to set support and resistance points considering your average purchase price and proceed with trading based on the movement at those points.
(BTCUSDT 1D chart) The first important support and resistance area I think is 66401.82-69000.
Currently, the MS-Signal indicator has risen to around 66401.82, so the key is whether the price can be maintained above 66401.82.
The second important point is 64K.
I think the 64K point is a meaningful point because it is the support and resistance point on the 1M chart.
The third most important section is 59K (56K-61K).
The 56K-61K section, which is a box section based on 59K, is a section that must be supported to maintain the upward trend.
If it falls sharply, there is a possibility that it will touch around 53K, but in this case, it must rise above 59K to continue the upward trend.
If not, there is a possibility that it may turn into a downward trend, so you need to think about ways to respond.
You should think carefully about whether your trading strategy can be supplemented by considering the average unit price of your purchases based on the support and resistance points or zones listed above.
The next period of volatility will be around March 31 (March 30-April 1).
As the volatility period is just around the corner, I think it is time to check your trading strategy in advance.
노트
(BTCUSDT 1D chart) The StocRSI indicator shows a downward trend.
However, since it is still in the overbought zone, it should be interpreted that the strength of the uptrend is still strong.
When StochRSI < StochRSI EMA or when the StochRSI indicator falls below 70, it is important to determine where you find support or resistance.
Based on the support and resistance points drawn on the current chart, it seems likely that the trend will be determined depending on whether it is supported or resisted around 69000-70231.38.
If it falls below 69000, 1st round: 64000 2nd: 59053.55 (56K-61K) You need to check if you receive support near the 1st and 2nd levels above.
This period of volatility is March 30-April 1.
If the price maintains by rising above 70231.38, it is expected to renew the new high (ATH) by rising above 1.27 (73308.95).