Volume profile check pattern
Updated
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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.
The question is whether it can rise above the downtrend line on the USDC chart and create a gap.
The key is whether it can rise above 45.68 on the BTC.D chart and stay there.
If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year.
Accordingly, most altcoins are likely to go sideways or show a downward trend, so you need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
It fell back to the 6.85-7.27 range on the USDT.D chart.
So, the question is whether we can start a decline below 6.21.
Otherwise, if it rises above 7.27, the coin market is expected to decline again.
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.
Therefore, we expect the move around March 16th to be a prelude to volatility.
---------------------------------------
----------------------------
(BTCUSDTPERP 1D Chart)
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
3rd: around 17864.7 (up to 16.4K)
You need to make sure it is supported in the vicinity of the 1st-3rd order above.
The 'SR', 24119.5-24517.2 section is the close-high section of the March 13 candle.
If it shows support in this section, it is likely to rise.
This is because these moves are likely to check how many people are willing to sell.
In addition, since it spans around 24294.1, which is the volume profile section formed from section B, I think it enhances its meaning.
These movements correspond to a pattern.
If resistance is seen on the decline from 24119.5-24517.2, the pattern is broken and a sharp decline is likely.
If so, a decline is likely around 21558.1, the point of the HA-Low indicator on the 1D chart.
However, since the 22421.2 point is the HA-High indicator of the 1W chart, the role of support and resistance becomes stronger over time, so you should be careful as there is a possibility of receiving support around this point.
By rising above the B section and above 24294.1, it shows a recovery of more than half of the decline from around 32K to around 15K.
Therefore, if it starts to rise above the M-Signal indicator on the 1M chart, it is expected to rise around 28951.7-32275.6.
(1h chart)
The explanation of the 1h chart is about 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.
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 need to 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 you fail to do so below 5EMA on the 1D chart or M-Signal on the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits.
- 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
-------------------------------------------
(BTCKRW chart)
We need to see if we can sustain the price by moving above 32042000.
In particular, the key is whether it can rise above the M-Signal of the 1M chart.
If not, you should check for support near the HA-High indicator (31468000) on the 1W chart or around 29639000.
------------------------------
- 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
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.
The question is whether it can rise above the downtrend line on the USDC chart and create a gap.
The key is whether it can rise above 45.68 on the BTC.D chart and stay there.
If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year.
Accordingly, most altcoins are likely to go sideways or show a downward trend, so you need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
It fell back to the 6.85-7.27 range on the USDT.D chart.
So, the question is whether we can start a decline below 6.21.
Otherwise, if it rises above 7.27, the coin market is expected to decline again.
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.
Therefore, we expect the move around March 16th to be a prelude to volatility.
---------------------------------------
----------------------------
(BTCUSDTPERP 1D Chart)
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
3rd: around 17864.7 (up to 16.4K)
You need to make sure it is supported in the vicinity of the 1st-3rd order above.
The 'SR', 24119.5-24517.2 section is the close-high section of the March 13 candle.
If it shows support in this section, it is likely to rise.
This is because these moves are likely to check how many people are willing to sell.
In addition, since it spans around 24294.1, which is the volume profile section formed from section B, I think it enhances its meaning.
These movements correspond to a pattern.
If resistance is seen on the decline from 24119.5-24517.2, the pattern is broken and a sharp decline is likely.
If so, a decline is likely around 21558.1, the point of the HA-Low indicator on the 1D chart.
However, since the 22421.2 point is the HA-High indicator of the 1W chart, the role of support and resistance becomes stronger over time, so you should be careful as there is a possibility of receiving support around this point.
By rising above the B section and above 24294.1, it shows a recovery of more than half of the decline from around 32K to around 15K.
Therefore, if it starts to rise above the M-Signal indicator on the 1M chart, it is expected to rise around 28951.7-32275.6.
(1h chart)
The explanation of the 1h chart is about 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.
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 need to 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 you fail to do so below 5EMA on the 1D chart or M-Signal on the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits.
- 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
-------------------------------------------
(BTCKRW chart)
We need to see if we can sustain the price by moving above 32042000.
In particular, the key is whether it can rise above the M-Signal of the 1M chart.
If not, you should check for support near the HA-High indicator (31468000) on the 1W chart or around 29639000.
------------------------------
- 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.
---------------------------------
Note
(BTCUSD 1D chart)One of the big reasons why the charts of the stock market and coin market are different is that there is no opening and closing time.
Therefore, the shape of the pattern is slightly different between the stock market and the coin market.
One of them is a pattern that can emerge after a price spike (aka the Overpriced Pattern).
If you proceeded to buy using the basic buying method, it rose about 19.02% by March 13th.
It means that after such a sharp rise, the price stays at or above the close to high of the March 13th candlestick.
This pattern checks the volume profile and corresponds to the period in which you see how many people are willing to sell.
Therefore, it is not known for how many days it will be sideways.
However, if you see support, it's a good idea to start buying gradually to prepare for an upside.
However, if the candlestick closes below the close of March 13, you should judge that this pattern is broken and respond accordingly.
Because otherwise, it's likely to crash.
In fact, it is difficult to find a pattern like this, and there is no guarantee that the movement will come out exactly according to the pattern.
Therefore, rather than trading according to a pattern, it is better to determine whether a trade is possible by looking at whether it is supported or resisted at support and resistance points.
Fortunately, the HA-High indicator of the 1D chart is located in this pattern section, so it is good to check if it is supported near the HA-High indicator.
Note
USDT and USDC are still moving in opposite directions.
USDT has more influence in the coin market.
Therefore, if USDT creates a gap and maintains an upward trend, the coin market is likely to show an upward trend in the end.
However, as USDC shows a downward trend, there is a possibility of limiting the rise.
Therefore, when looking only at USDT and USDC, be prepared for an upside.
However, if BTC dominance rises above 45.68 and maintains, there is a high possibility that only BTC will rise, so be careful when trading altcoins.
It is not easy to judge the situation by looking at the charts of USDT, USDC and BTC.D.
Therefore, if you do not want to see the movement of the charts above, it is also good to judge the trend of the coin market only with the movements of the USDT.D chart and USDT Dominance.
The chart of USDT Dominance is a chart that moves against the trend of the coin market.
Therefore, the coin market is likely to rise only when the USDT dominus falls.
Therefore, it can be interpreted that the probability of BTC going up increases.
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