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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)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend.
However, if the downtrend line is maintained on the USDC chart, the rise may be limited.
Also, at some point, there is a possibility that it will lead to a sharp decline, so it is necessary to check whether USDC turns into an upward trend.
After the volatility period on the BTC.D chart, it rose to around 46.76.
Therefore, if the upward trend is maintained, there is a possibility that altcoins may gradually move sideways or show a downward trend, so we need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
We need to see if it can fall to around 6.21 on the USDT.D chart.
This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
The first period of volatility, March 15-17, has passed.
We need to see how movements in the first volatility period will affect the second volatility period, March 19-25.
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If the current uptrend is maintained, most indicators on the 1M chart are expected to move out of the overbought or oversold zone.
This trend may lead to a move to realize profits, so you need to think about how to respond to it.
The key question is whether such a move can cause the HA-High indicator on the 1M chart to decline.
This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the upward trend from a trading perspective.
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(BTCUSDTPERP 1D Chart) As it rose above 27102.7, there was a rise that completely covered section B.
Correspondingly, if the price stays around or above 25882.9-27102.7, I would expect it to rise above 28951.7.
The 28951.7-32275.6 zone was a support and resistance zone before the big pullback.
Therefore, if the price rises to this range and maintains it, it can be interpreted that there is a high possibility of a full-fledged uptrend.
Therefore, the section 28951.7-32275.6 corresponds to the volume profile section.
In order to maintain a full-fledged uptrend, there is one thing left to do to show an uptrend in the long-term trend of the coin market.
That is what causes the HA-High indicator on the 1M chart to fall.
Currently, the HA-High indicator point on the 1M chart is located at 43993.4.
Therefore, there is a possibility that it will continue to rise to this point and reach it, but it is judged to be unlikely because it has to pass through many volume profile sections as the price rises.
When the HA-High indicator on the 1M chart falls to a certain point, if the price is maintained above that point, I think it means that the coin market will rise in earnest.
The HA-High indicator is formed from a combination of Heikin Ashi and RSI indicators (using Heikin Ashi's close value).
Therefore, when the RSI indicator on the 1M chart rises to the overbought section and then falls, the HA-High indicator is more likely to move.
Currently, the RSI indicator on the 1M chart is located around 45, but it is likely to show a big change depending on where this month's candle closes.
Giving reasons for your analysis gives you confidence in your analysis.
Sometimes, it seems that there are people who are reluctant to share their know-how with others by telling them the basis for this analysis.
It takes a lot of trial and error to know someone else's know-how and make it your own.
Therefore, you don't have to be afraid that the person will never see your writing again just because you share your know-how.
The formula of the indicator used as the basis for analysis may not be disclosed, but I think it is very important to say what basis the analysis was made when analyzing the chart.
(1h chart) The description of the 1h chart refers to 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.
- Full-fledged 'LONG' position entered near 'L1' Entry point: When support is confirmed near 'L1', 25882.9 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6
However, if it falls below the 1st point and touches the HA-High indicator or touches the 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits.
If you touch the 2nd point, you can end the transaction when you want.
The 'S1', 'L1', and 24294.1-25882.9 intervals are high-magnification box intervals.
However, if the price is maintained in the 'SR' box section 24119.5-24517.2 or higher, it is highly likely to rise, so you should think about countermeasures.
- A full-fledged 'SHORT' position entered near 'S1' Entry point: When resistance is confirmed in 'S1', 24119.5-24294.1 1st: 22421.2-23129.6 2nd: 20984.7-21826.1 3rd : 19411.7-20122.5 End of transaction: around 17864.7
However, if it does not fall below the M-Signal of the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits.
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(BTCKRW chart) You need to climb to the 37585000-40674000 section and see if you can get support.
If not, 1st: around 35539000 2nd: Around 32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
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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.
** 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
(BTCUSD 1W chart) The 32291.01-37308.48 section is an important turning point in the entire period.
If it rises above this range, it is likely to continue the upward trend from a long-term perspective.
(1D chart) The 29234.0-32291.01 section is an important turning point from a short-term perspective.
Therefore, when it falls in the 32291.01-37308.48 section, the S/L point will be around 29234.0.
Therefore, maintaining the price by rising to the 32291.01-37308.48 section is a section that must withstand more selling pressure.
It is expected that it will not be easy to break through this section upward at once.
노트
(The flow of the coin market seen through the Market Cap chart)
USDC is trending lower as it continues to gap.
Should I say fortunately, at least the decline is decreasing.
If the downtrend continues, the coin market may be limited in its upside or lead to a sharp decline, so we need to see if USDC turns upside down.
On the contrary, USDT continues its upward trend. It is already showing a recovery of about 13% of the previous decline.
If BTC dominance rises in the 43.75-45.68 range, it is likely to lead to a large uptrend.
So, the key is whether it stays above 45.68.
This move is expected to bring about a change in the coin president.
If the upward trend of BTC dominance continues, funds will be concentrated towards BTC, so altcoins will not be able to follow the rise of BTC and will likely go sideways or show a downward trend.
Accordingly, as BTC dominance rises, it is expected that secondary purchases of altcoins will be possible.
If so, the question is how much the BTC dominance will rise.
These problems are expected to be predicted by checking the movement of the BTC price when the BTC dominance rises above 50.49.
We believe that the decline in USDT dominance means an overall upward trend in the coin market.
Therefore, USDT dominance is always recommended to go down.
However, in terms of the correlation with BTC dominance, I think there is a possibility that the price of altcoins will rise when it falls below the 4.97-5.53 range.
Therefore, among the discussions about BTC dominance mentioned above, it is necessary to think about countermeasures for altcoins.
노트
(BTCUSDTPERP 1h chart) It is necessary to confirm whether it can be supported again in the HA-High index.
If it falls, it is necessary to check whether it is supported around 26275.3, the previous HA-High indicator point.
노트
It is recommended that the charts you see and trade are performed on one time frame chart whenever possible.
It is not a good idea to buy on the 15m chart at any time and sell on the 4h chart when selling.
This is because support and resistance points are different for each time frame chart.
If you trade using points with different support and resistance points, there is a high possibility that your subjective thoughts will affect your trading, and you are likely to end up losing money.
However, the support and resistance points on the 1M, 1W, and 1D charts represent important support and resistance points for chart construction.
Therefore, it is recommended to plot the support and resistance points of the 1M, 1W, and 1D charts in advance so that they can be checked on the time frame charts you trade.
This is a very important task as it takes precedence over support and resistance points on other time frame charts other than the 1M, 1W and 1D charts.
Time frame charts below 1D charts are charts you look at to place trades, so it is important to view the charts from a trading perspective.
Therefore, you need a different trading strategy than the trend perspective you see on the 1M, 1W, and 1D charts.