Rise above 42151.24-43823.59 is important
Updated
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT 1M chart)
An important selling zone is formed around 42283.58.
Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59.
(1W chart)
The important section containing the psychological resistance zone is the 42151.24-43823.59 section.
Therefore, I think it is highly likely that a trend will form based on this important section.
However, when viewed from the overall flow of the chart, the 37253.82-46431.5 section can be considered to be the starting boundary section of the high point section.
Therefore, if it rises above 46431.5, it can be said that it has entered the high point in the overall trend of the chart.
Based on the current price and trend, if it falls below 37253.82, the trend is expected to turn to the downside.
The 32917.17-35045.0 section is a strong support zone, and if it falls below this zone, it is expected to enter the bottom zone.
(1D chart)
This period of volatility will last until around February 7th (February 8th).
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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.
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
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT 1M chart)
An important selling zone is formed around 42283.58.
Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59.
(1W chart)
The important section containing the psychological resistance zone is the 42151.24-43823.59 section.
Therefore, I think it is highly likely that a trend will form based on this important section.
However, when viewed from the overall flow of the chart, the 37253.82-46431.5 section can be considered to be the starting boundary section of the high point section.
Therefore, if it rises above 46431.5, it can be said that it has entered the high point in the overall trend of the chart.
Based on the current price and trend, if it falls below 37253.82, the trend is expected to turn to the downside.
The 32917.17-35045.0 section is a strong support zone, and if it falls below this zone, it is expected to enter the bottom zone.
(1D chart)
This period of volatility will last until around February 7th (February 8th).
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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.
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
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Note
(USDT 1D chart)USDT is updating its new high (ATH).
(USDC 1M chart)
(1W chart)
(1D chart)
USDC has stopped the downward trend that began in July 2022 and is showing signs of rising.
It is expected that this influx of funds will eventually cause the coin market to begin a major upward trend.
Note
There are sideways movements within an important section.
Therefore, it is necessary to check whether it deviates from an important section.
You should consider whether to sell when it falls below 42141.24 and below the rising trend line (2), or whether to sell when it falls below the 41253.40-41732.35 range.
The reason is that the StochRSI indicator is likely to enter the oversold zone in the near future.
This is because if it enters the oversold zone, there is a possibility that there will be a large temporary decline and the price may fall below 41253.40.
If you can respond quickly, it may be better to sell in the sell range mentioned above and buy again at a lower price.
If you are unable to react quickly, it is recommended to wait until this volatility period (February 8th) and react when direction appears.
Since the price is currently moving sideways in a section with small fluctuations, caution is required when trading.
In these situations, you should not be swayed by what others say.
It is important to proceed with planned trades according to your own trading strategy.
Note
This period of volatility runs until February 8th.
The key is whether it can receive support and rise in the psychological resistance range of 43160.0-43823.59.
If not, we need to see if the price can be maintained around the important range of 42141.24-43823.59.
Since rising channels (A, B) are formed above and below the important section, it is necessary to check whether support or resistance is received near the rising channel when it deviates from the important section.
I think the area most likely to form a pullback pattern in the event of a decline is 37253.81-38531.90.
However, since the M-Signal indicator on the 1W chart has risen to around 39K, it is expected that the upward trend will be maintained only when it touches the rising channel A and rises in the event of a decline.
Note
(BTCUSDT.P 1h chart)It has consistently failed to maintain the price by rising above the downward trend line (1-1).
However, the StochRSI indicator is currently showing signs of entering the oversold zone.
Therefore, when the StochRSI indicator rises from the oversold section and shows support around 43026.6, it is expected to succeed in rising above the downward trend line (1-1).
If not, there is a high possibility that it will fall back to around the rising trend line (2).
Note
(USDT 1D chart)(USDC 1W chart)
(1D chart)
Funds are continuously flowing into the coin market through USDT or USDC.
I believe that the rise in the gap between USDT and USDC indicates an inflow of funds.
I believe that the increase or decrease in USDT or USDC through trading is expressed in candles.
Note
This period of volatility runs until February 8th.
Accordingly, the key is whether the price can be maintained above 43823.59.
It is expected that an attempt to rise above 53256.64 will occur only after breaking upward through the second resistance range, 44200.0-47600.0.
Therefore, it is expected to re-determine the next trend by rising around the Fibonacci ratio range of 0.886-1.0.
If resistance appears around the psychological resistance range of 43160.0-43823.59, split selling is necessary to preserve profits.
The section 41732.35-42151.24 is the stop loss section.
Note
As BTC rises beyond a critical range, altcoins are also showing a rise.
However, if BTC continues to rise and BTC dominance rises, altcoins will gradually sideways or show a downward trend.
This can be said to be a phenomenon that occurs as funds in the coin market are concentrated towards BTC.
The coin market is showing an upward trend as USDT dominance falls below 5.89.
BTC's next period of volatility is expected to begin around February 15th.
Accordingly, the key is whether it can receive support and rise in the 44200.0-47600.0 range, which is the second resistance range.
If it falls to the important range of 42141.24-43823.59, split selling is necessary, and if it falls below 41732.35-42141.24, a stop loss is needed.
therefore,
1st: 43160.0-43823.59
2nd: 41732.35-42141.24
You should think about a response plan when touching the first and second areas above.
Considering the current financial situation in the coin market, it is expected that the upward trend will eventually be maintained.
This is because the rise in the gap between USDT and USDC can be interpreted as funds flowing into the coin market.
I believe that the increase or decrease in USDT or USDC due to trading is expressed in candles.
Therefore, rather than setting the stop loss point too short, you should check what the current sideways section is like and consider whether you can respond by setting a stop loss point near the bottom of the sideways section.
Since the sideways section of the coin market is likely to be quite wide, it is recommended to check by looking at the 1M, 1W, and 1D charts in that order if possible.
Because it is a national holiday from February 9th to 12th, I will post only when there are important changes.
Have a nice weekend and happy holidays.
Note
The StochRSI indicator is an indicator that can change at any time depending on price movements.
Accordingly, it is not a good idea to trade with the StochRSI indicator alone.
The StochRSI indicator is rising from the oversold range and is rising above 45582.3 points.
Accordingly, if the price remains above 45582.3, the StochRSI indicator is expected to maintain an upward trend.
As the price rises, the StochRSI indicator becomes more likely to enter the overbought zone.
When entering the overbought zone, there is a possibility that the StochRSI indicator will change depending on whether it receives support or resistance around 46008.2-46266.2.
Therefore, trading involves marking support and resistance points on the 1M, 1W, and 1D charts and checking whether there is support or resistance between those points.
Since the StochRSI indicator has entered the overbought zone on the 1D chart, you should check whether the StochRSI indicator reverses and consider whether to proceed with a split transaction when it reverses.
Naturally, when the StochRSI indicator reverses, you should check the movement at the corresponding support and resistance points.
Depending on whether you want to continue these transactions and earn cash profits, or increase the number of coins (tokens) you hold, you must create a trading strategy that suits your investment period.
Note
The top of the box section of the HA-High indicator on the 1D chart was touched.
Accordingly, the key is whether it can receive support and rise around 47312.0.
The StochRSI indicator on the 1h chart has entered the overbought zone.
Accordingly, you should consider whether to sell in installments when the StochRSI indicator reverses.
Also, you should consider whether to enter a SHORT position when the StochRSI indicator falls from the overbought range.
As a result, if it falls below the 47053.2-47256.9 range, a SHORT position is expected to be possible.
However, since the 1D chart maintains an upward trend and the StochRSI indicator is located in the overbought zone, indicating a strong upward trend, a quick response is required when entering a SHORT position.
Then, when the StochRSI indicator on the 1h chart enters the oversold zone and reverses, you should consider whether to sell the SHORT position in installments.
Also, you should consider whether to purchase additional LONG positions when the price rises from the oversold area.
If you make additional purchases, the average purchase price increases, so eventually, at some point, you will have to liquidate.
However, rather than unconditionally holding in futures trading, you should think about holding with certain profits through some split trading.
Note
If BTC dominance continues to rise as BTC continues its upward trend, it becomes more likely that altcoins will gradually sideways or decline.
This move could continue until BTC dominance rises in the 56.78-62.47 range, around 61.72, and then begins to decline.
If you look at this trend on the BTC chart, it is expected to have risen around the Fibonacci ratio range of 0.886-1.0.
Looking at the 1W chart, it is expected to occur by touching around 53256.64-66401.82.
It is expected that it will touch the Fibonacci ratio range of 0.886-1.0 and show a pull back pattern, that is, a major upward trend after price adjustment.
At this time, the important thing is not to fall below the 41546.86-46195.56 range.
This upward trend is expected to continue until 2025.
Since a major bear market is expected to form in 2026, we recommend that you become familiar with futures trading before then.
Note
It is best not to place too much importance on how far it will rise or how far it will fall.
In such an expected movement, you need to think about how to trade and earn cash profits, or increase the number of coins (tokens) you own.
Currently, for BTC to show a complete downward trend, it must fall below the M-Signal indicator on the 1M chart.
The M-Signal indicator on the 1M chart is passing through the 34110.32-35045.0 range.
Therefore, it continues to trend upward.
The movement of the 1D chart can reveal trends from a short-term perspective.
Therefore, in order to maintain a short-term upward trend, the price must be maintained above the M-Signal indicator on the 1D chart, that is, the MS-Signal indicator.
Currently, the M-Signal indicator on the 1D chart, that is, the MS-Signal indicator, is passing around 44200.0.
This can be interpreted to mean that the price could fall immediately to around 44200.0.
So, you must choose whether to profit by splitting and selling around the current price, or whether to set a stop loss point around 44200.0 and hold it.
Various indicators displayed on the chart help you make these decisions.
A trading strategy is to understand the movements of these indicators and create a response strategy.
Currently, the StochRSI indicator on the 1D chart has touched the highest point of the overbought range, so even if the price falls slightly, the StochRSi indicator will reverse.
However, if the StochRSI indicator does not fall in the overbought range, it means that the strength of the rise is strong, so it is not easy to respond in advance.
Therefore, if it appears unable to renew the previous high point, you must respond by checking whether it is supported or resisted at the support and resistance points set on the chart.
If the price rises above the second resistance zone and holds, it is expected to rise above 53256.64.
The key to trading is to make big profits, but I don't think it's advisable to just hold on to it to make big profits.
Therefore, a certain amount of transactions are required to continuously trade to earn cash profits or increase the number of coins (tokens) held.
Otherwise, if you do not make any transactions after buying and just hold on to it, it is better not to look at the chart itself.
The coin market is expected to maintain an upward trend until 2025.
Therefore, it is expected that BTC or ETH will be fine without any transactions until then.
However, other coins, that is, altcoins, must be traded according to the wave to obtain cash profits or increase the number of coins (tokens) held.
The reason is that the price of altcoins is likely to show large fluctuations and there is a possibility that they will fall near the listed price.
If the current average purchase price of BTC is less than 32K, you can hold it as is.
If not, it is necessary to lower the average purchase price through transactions or increase the number of coins (tokens) held for profit.
Note
Due to the rise in BTC dominance, it is difficult to trade altcoins.
Accordingly, I think it is better to proceed with day trading when trading altcoins.
However, if possible, it is recommended to proceed with a transaction corresponding to the altcoin you currently own.
This is because when BTC dominance rises, altcoins are likely to gradually sideways or decline.
There are altcoins that ignore this and show an upward trend, but you must be careful of sudden drops.
As the StochRSI indicator reverses from the overbought range, there are a number of altcoins that are expected to lead to further declines.
However, since the StochRSI indicator has not fallen in the overbought zone, it is likely to maintain an upward trend, so it is difficult to respond unless it shows resistance at the support and resistance points.
Therefore, you must select a support and resistance section, check in which direction it deviates from that section, and respond.
The support and resistance range of the current example chart is 0.8069-0.8474.
The settings for the StochRSI indicator currently used in the chart are 14, 7, 3, 3 (RSI, Stoch, K, D).
Therefore, it is recommended to set the overbought range to 70 or higher and the oversold range to 30 or lower and use them for trading.
If you are using the StochRSI indicator for chart analysis, you can use the previous overbought range (above 80) and oversold range (below 20).
Since most indicators are based on the closing price, it is recommended to check the movement when the candle is about to close.
If you react to the movement of indicators when the candle was created, there is a high possibility of being caught in a fake or whipsaw.
In order to compensate for these shortcomings, you must mark the support and resistance points on the 1M, 1W, and 1D charts and check whether you receive support or resistance at those points.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.