The time to buy is approaching for the long term
Updated
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(BTCUSDT chart)
Looking at the 1D chart,
The key is whether it can be supported around 29762.38-30184.24 and rise above the HA-High indicator on the 1D chart.
If it falls below 29762.38 and encounters resistance,
1st : 28465.36-28923.63
2nd: 27496.02
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
Since the StochRSI indicator on the 1D chart has entered the oversold zone, it is necessary to check at which point it is supported or resisted when it exits the oversold zone.
Looking at the 1W chart,
There will be significant volatility when the Bollinger bands start to expand because they have started to contract.
So, if it rises around 32259.90, it is likely to see a big uptrend.
If not and it declines, you should check for support near 26574.53-27590.60.
This decline means that the Bollinger Bands will contract further, which will give them the power to generate greater volatility.
Therefore, rather than fear of decline, you should focus on finding a buying time that suits your investment period.
Looking at the 1M chart,
Among what I have said before, I said that full-fledged buying will begin when the price rises above the HA-High indicator on the 1M chart.
However, looking at the current status, it is expected that the HA-Low indicator on the 1M chart will rise and be created.
Therefore, when the HA-Low indicator on the 1M chart rises and is created, if it shows support at that point, you should proceed with the first purchase in earnest.
The reason is that the HA-High indicator on the 1M chart is created near the high point, so it is not easy to increase the investment portion significantly because the fluctuation range is large.
However, since the HA-Low indicator is generated near the low point, it is easier to increase the investment portion because it is smaller than the range of fluctuation near the HA-High indicator.
It is quite difficult to predict where the HA-Low indicator on the 1M chart will be created, but based on the current movement, it is expected to be created around 27K-29K.
A full-fledged secondary purchase can be made when it shows support at or above the HA-High indicator on the 1M chart as before.
This is expected to complete a long-term buying strategy.
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(BTCKRW chart)
Currently, the key is whether it can be supported and rise around 40077000.
If not, you should check if it has support around 39049000-39579000.
If it drops below 39049000, you should check for support around 37821000.
If the price stays above 40674000, a sharp rise is expected.
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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.
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** 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
Looking at the 1D chart,
The key is whether it can be supported around 29762.38-30184.24 and rise above the HA-High indicator on the 1D chart.
If it falls below 29762.38 and encounters resistance,
1st : 28465.36-28923.63
2nd: 27496.02
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
Since the StochRSI indicator on the 1D chart has entered the oversold zone, it is necessary to check at which point it is supported or resisted when it exits the oversold zone.
Looking at the 1W chart,
There will be significant volatility when the Bollinger bands start to expand because they have started to contract.
So, if it rises around 32259.90, it is likely to see a big uptrend.
If not and it declines, you should check for support near 26574.53-27590.60.
This decline means that the Bollinger Bands will contract further, which will give them the power to generate greater volatility.
Therefore, rather than fear of decline, you should focus on finding a buying time that suits your investment period.
Looking at the 1M chart,
Among what I have said before, I said that full-fledged buying will begin when the price rises above the HA-High indicator on the 1M chart.
However, looking at the current status, it is expected that the HA-Low indicator on the 1M chart will rise and be created.
Therefore, when the HA-Low indicator on the 1M chart rises and is created, if it shows support at that point, you should proceed with the first purchase in earnest.
The reason is that the HA-High indicator on the 1M chart is created near the high point, so it is not easy to increase the investment portion significantly because the fluctuation range is large.
However, since the HA-Low indicator is generated near the low point, it is easier to increase the investment portion because it is smaller than the range of fluctuation near the HA-High indicator.
It is quite difficult to predict where the HA-Low indicator on the 1M chart will be created, but based on the current movement, it is expected to be created around 27K-29K.
A full-fledged secondary purchase can be made when it shows support at or above the HA-High indicator on the 1M chart as before.
This is expected to complete a long-term buying strategy.
------------------------------------------
(BTCKRW chart)
Currently, the key is whether it can be supported and rise around 40077000.
If not, you should check if it has support around 39049000-39579000.
If it drops below 39049000, you should check for support around 37821000.
If the price stays above 40674000, a sharp rise is expected.
------------------------------
- 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.
---------------------------------
Note
(BTCUSDT chart)We need to see what kind of movement it will make during the volatility period (July 7-12).
To show an uptrend, the price needs to move above 30462.66 to hold it.
Note
(BTCUSDT chart)The volatility period runs through July 12th.
Therefore, you need to see where you find support or resistance as you move through periods of volatility.
A move below 28465.36-28923.63 or above 32259.90 is expected to form a trend.
If price holds above 32259.90, it will be a question of whether it can break above the 35045.0-37253.81 zone.
If it falls below 28465.36 and finds resistance, the question is whether it can find support at 26574.53-27496.02.
It is necessary to check several charts to see how the money flow in the coin market is moving. (USDT, USDC, BTC.D, USDT.D)
Among them, I think the movement of USDT dominance is highly related to the actual flow of money in the coin market.
(USDT.D chart)
Therefore, it is necessary to check whether it can fall below the 6.85-7.27 range.
If it does not, and rises above 8.25, the coin market is expected to show a sharp decline.
If the USDT dominance falls below 6.85, the coin market is expected to show an upward trend, enough to give the illusion that an upward trend has begun.
However, if it does not fall below 6.21, it is not expected to lead to an uptrend.
To check the external influence of the coin market, it is recommended to check the DXY chart.
(DXY chart)
Looking at the larger DXY chart, a trend is expected to form only when the price breaks out of the 102.034-105.873 area.
If DXY falls below 102.034 and moves sideways, the investment market (coin market) is expected to be active.
It is unknown why DXY influences the coin market, but it seems that the coin market is affected by DXY because it is affected by exchanges around the world.
Be that as it may, it is better not to think that DXY has a direct influence on the coin market.
(USDT chart)
(USDC chart)
The amount of money in the coin market can be predicted according to the change in the market capitalization of USDT and USDC.
Therefore, while checking the size of funds (USDT, USDC) and observing the flow of funds (BTC.D, USDT.D), we need to determine which coin (BTC, altcoin) to trade in the coin market.
(BTC.D chart)
The rise in BTC dominance can be interpreted as meaning that funds are being concentrated towards BTC.
For BTC dominance to rise
1. BTC Rise, BTC Rise > Altcoin Rise
2. BTC Down, BTC Down < Altcoin Down
This applies to the above two cases.
Therefore, it should not be assumed that BTC dominance predicts the rise of BTC.
In order to trade in such an uptrend of BTC dominance, it is recommended to focus on BTC and conduct trades.
For BTC dominance to fall
1. BTC Down, BTC Down > Altcoin Down
2. BTC Rise, BTC Rise < Altcoin Rise
This applies to the above two cases.
In order to trade in this downtrend of BTC dominance, it is recommended to focus on altcoins and trade.
However, depending on the rise and fall of USDT dominance mentioned above, you can choose whether to proceed with the current transaction or not.
Therefore, among the USDT, USDC, BTC.D, and USDT.D charts, the last thing you should look at is the USDT dominance chart.
It currently corresponds to the volatility period of the BTC chart, and also corresponds to the volatility period of the USDT dominance chart.
Therefore, you can proceed to the degree of planning for what trades to proceed in the period of volatility.
Trading during periods of volatility can make you feel uneasy, so you need to be extra careful.
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