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Btcdominance

BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN/USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses. The rally comes despite the news that crypto lender Genesis has filed for bankruptcy, following the likes of FTX. BTC/USD rose to an intraday high of $21,175.24 earlier in today’s session, which comes from a low of $20,689.88 on Thursday. Looking at the chart, today’s rebound in price came as the 14-day relative strength index (RSI) moved back above the 80.00 mark. As of writing, the index is at the 80.40 level, with the next visible resistance level at the 88.00 zone. Many expect that BTC could make another attempt to break out of a key resistance point at $21,400. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC is attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400. The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back. We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
3 things to check during periods of volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) (USDC 1D chart) (BTC.D 1W chart) The next volatility period is around January 23rd. (USDT.D 1D chart) The next volatility period is around January 24th. I think that being able to roughly know the flow of money in the coin market through the charts of USDT, USDC, BTC.D, and USDT.D is like a ray of light for individual investors. Through USDT and USDC charts, it is possible to roughly grasp how much money is flowing in or out of the coin market. The key here is the flow of the USDT chart. This is because USDT can be traded directly through the USDT market supported by all exchanges around the world. Therefore, I think that the increase in the gap of USDT is a phenomenon that is highly likely to lead the coin market to an upward trend. USDC is moving a bit differently than USDT. USDC believes that it is related to various investment products that have launched coins as investment products in the stock market. Therefore, I think that existing investment companies are indirectly investing in the coin market through USDC. The movement of USDC is understood to indicate that the coin market is correlated with the stock market. Because of this, I think that USDC's gap decline means that it is more likely to decouple from the stock market. Through the BTC.D and USDT.D charts, you can see where the current funds are more concentrated and the rise and fall of the coin market. With the BTC.D chart, you can see whether the money is currently concentrated towards BTC or altcoins. With the USDT.D chart, you can see to what extent the current coin market is rising or falling. Since the movement is checked from the overall perspective of the coin market, it may differ from the movement of the coin you are actually investing in. For example, if both BTC.D and USDT.D are showing a decline, it can be interpreted that the coin market is likely to show an upward trend as funds are concentrated towards altcoins. Therefore, it means that altcoins are showing more activity than BTC. --------------------------------------- (BTCUSDT 1W chart) Volatility is likely around the week that includes January 30th. So, during this period of volatility, you should check for a move out of the 21023.14-21853.06 area. However, more important than the rise is whether it can be supported in the 21023.14-21853.06 section. Currently, we see a mid- to long-term uptrend, but we need to hold the price above 20050.02 to stay there. If that happens, MS-Signal is likely to turn bullish as it turns into a bullish sign. (1D chart) Full-scale volatility is expected to begin around January 21 (Jan 20-22). What is important to look out for during this period of volatility is 1. Can an M-Signal indicator on the 1M chart be created next month by maintaining the price around 21023.14? 2. Can it be supported and rise on the newly created 1D chart's HA-High indicator? 3. Can the price be maintained above 20050.02 to maintain the mid- to long-term upward trend? You need to check the 3 things above. If you show support like this, chances are you'll end up rocking up and down while walking sideways. However, I think this is a positive move from my point of view as it has turned into a new trend. To maintain this new trend, you need to keep the price above the downtrend line (1) even if it shows a decline. This is a very important point from a mid- to long-term perspective. Currently, as the circulation pumping of altcoins continues, a lot of altcoins are being traded. It is important as a trader to make a lot of money by trading somehow. However, in a situation where funds are not flowing into the coin market, the circulation pumping of altcoins is highly likely to be a movement to withdraw funds, so you must set a stop loss point and respond accordingly. In this situation, the best thing to do is to prepare for when the circulation pumping is over by reducing the investment portion of the altcoins you own. If you want to trade current altcoins, it is recommended that you hold and trade altcoins whenever possible. This is because it can make up for losses to some extent in the event of a sudden plunge. If you start a new trade and take a loss or hold it at a loss, you will incur a new loss. Then you will incur a larger period loss as you will not be able to buy when a better time to buy is coming. Can I trade altcoins now? I get asked this question often these days. If possible, do not trade, and reduce the proportion of the altcoin you currently hold. I am answering. when it goes down, 1st : around 20050.02 2nd: Around 19176.93 It is necessary to check whether it is supported in the 1st and 2nd sections. If it rises above 21023.14 and holds the price, 1st: Around 21853.06 2nd: Around 22487.41 It is necessary to check whether resistance is received in the 1st and 2nd sections. It looks like the HA-Signal indicator on the 1M chart is falling around 26K. Therefore, if it surges, be careful as there is a possibility of a sharp decline while touching the HA-Signal indicator on this 1M chart. This movement is the basis for the possibility of consolidation in the maximum range of 17.8K-26K mentioned in the 1W chart description. ------------------------------------------ - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
11
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures. The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50. Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate. Looking at the chart, a drop was somewhat expected with the 14-day relative strength index (RSI) tracking near a two-year high in recent days. As of writing, the index is at the 78.40 level, which is marginally above a floor at the 77.00 mark. Should a move below this point take place, it is likely that BTC bears could push prices toward the $20,000 zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Get support during periods of volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) We need to see if it can rise above 44.07B. (BTC.D 1D chart) It is important to see if it can rise above 43.75, meet resistance, and fall. (USDT.D 1D chart) It is necessary to check which direction it deviate from the 6.90-7.27 section. --------------------------------------- (BTCUSDTPERP 1D Chart) A decline below 20984.7 would see the Heikin Ashi body turn into a bearish indicator. Therefore, we expect to see the first bearish sign in the uptrend that started on January 1st. The single drop shows that StochRSI is trying to get out of the overbought zone. If the price holds above 19411.7, it is expected to maintain its upward trend over the medium to long term. However, if this month's candle closes around 20984.7, the HA-Low on the 1M chart will be created at the point currently marked, so it will form a point where you can buy and trade from a long-term perspective. The most important thing on BTC's chart is to keep the price above the downtrend line (1). If the price stays above the downtrend line (1), it turned into a new trend (downtrend → sideways) on November 27, 2022. And, as it breaks away from the downtrend line (1), it will maintain the movement that has turned into a new trend (sideways → uptrend). It can be seen that these movements represent a transition of flow over the mid- to long-term. Then, the HA-Low on the 1M chart appears to be created at the 20984.7 point, showing a long-term turn to the uptrend, supporting the movement mentioned above. If USDT is maintained above 66.442B and the gap continues to rise towards 68B, it is expected that this movement will be greatly supported. USDC's decline should pay attention to the price fluctuations of ETH, including US investment capital and investment products. However, USDC's continued gap decline can eventually adversely affect the coin market, so you should keep an eye on it. I don't think there is anything stronger than the issues I've been through so far. It means that as long as the current economic situation continues to be maintained, it will not be a big enough issue to greatly shake the investment market. It is judged that a lot of funds and money that move the world economy are not properly looking for investment destinations due to the deterioration of the actual economy. Therefore, it means that there is a high possibility that funds and money will be concentrated in the investment market, that is, the stock market or coin market, rather than the actual economy. However, signs that funds are still flowing into the coin market are weak. So, I don't think now is the time to start investing in earnest. This period of volatility is up to around January 19-30. However, the period expected to show full-scale volatility is around January 21-28. (1h chart) It entered the 20570.1-20984.7 section again. thus, 1. 'LONG' position - Entry: When it shows support around 20794.4 and rises above 20984.7 1st: Around 21826.1 2nd: 22471.5-22975.1 Close transaction: 23937.1-24294.1 2. 'SHORT' position - Entry: When it shows resistance around 20794.4 and falls below 20570.1 1st: around 20122.5 Trade Closed: 19188.6-19411.7 It is possible to enter a full-fledged 'SHORT' position only when it falls below the M-Signal on the 1D chart. Therefore, a quick response is required when entering the current 'SHORT' position. A drop below 19411.7 means that further declines are likely, as the price needs to stay above the M-Signal on the 1W chart to maintain the mid- to long-term uptrend. ------------------------------------------- (BTCKRW 1D chart) The question is whether it can rise above 27317000 and break out of the downtrend line. The next volatility period is around January 28th. ------------------------------ - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Where is BTC going?nothing to really do this week other than wait and let the market make more movements. There are 3 scenarios that i can see happening. 1. i would like to see a pull back into 19300 mark before seeing a climb back higher 2. market will look to liquidate early sellers from 22000 top 22500 area before pushing down towards that 19300 area 3. market just blows right up into 24600 area What i ultimately would like to see is scenario 2 with a slight manipulation above the current highs to get rid of all sellers before pushing back down towards 19300 area
COINBASE:BTCUSD
by opes_trading_group
2
BTC/USDT 4HOUR UPDATE !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-the 4-hour timeframe, it is evident that the price has fully recovered from the FTX crash and reached its prior major daily pivot at $21.5K. Major pivots are crucial levels in classic price action patterns, and moving above them could be a bullish sign of an uptrend. Meanwhile, the price has formed a double-top reversal pattern, a well-known bearish signal, and if it gets rejected, a leg down will be possible. Hence, considering the importance of this region, the upcoming price action should decide Bitcoin’s path in the mid-term. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
BTC.Dominance Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last (LONGTERM) idea. Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b), which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area. We already reached minimal target for completed our wave of (c). After which ending diagonal will completed, i expect a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins. confirmation of fall - 40.8% Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DLong
by trytofeelpositive
7
BTC.Dominance Elliott Waves Analysis (midterm Expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last (LONGTERM) idea. Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b), which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area. After which, a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins. Target zone: 43-44% cancellation of grow - consolidation below 39%. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DLong
by trytofeelpositive
11
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China. Figures from the world’s second-largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected. As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75. Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400. This ceiling has been in place for the past two months and was marginally broken over the weekend. The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move. Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
Time to check if there is support from the long-term troughHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) It rose above 66.442B due to the gap increase, so we need to make sure it stays above 66.442B. In order for the coin market to show a full-fledged upward trend, it is believed that it is possible to rise above 68.468B. (USDC 1D chart) I need to see if I can come up with a gap rise in the 44.07B-44.807B range or more. The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market. (BTC.D 1W chart) An increase in BTC dominance means that funds will be concentrated towards BTC. It is necessary to check whether the solid (liquidity) uptrend can be continued by falling after receiving resistance in the 43.75-45.68 section. If it rises above 45.68, there is a possibility of a strange market trend in which BTC alone rises. Accordingly, there is a possibility that altcoins may move sideways or decline, so you need to think about countermeasures. The 39.56-40.44 interval is a high probability of rapid volatility. The next volatility period is around January 23rd. (USDT.D 1D chart) An increase in USDT dominance means that the coin market is likely to decline. Depending on which direction it deviates from the 6.90-7.27 range, it is expected that the trend of the coin market will be indicated. So, if it drops to around 6.21, it is likely that the coin market is showing a bigger uptrend. However, if you do not see new funds coming in from the coin market, you need to be careful as only BTC may rise. What this means is that most altcoins pretend to go up and then go back to their pre-up price level. Therefore, it is necessary to have a perspective on whether the gap between USDT and USDC continues to rise. If it starts to fall around 6.21, it is expected that a market will be formed where you will buy without thinking about a trading strategy, thinking that you can't wait any longer even if the price is soaring. Therefore, the possibility of the formation of a peak in the coin market will increase. The next volatility period is around January 24th. --------------------------------------- (BTCUSDT 1W chart) Volatility is likely around the week that includes January 30th. So, during this period of volatility, you should check for a move out of the 21023.14-21853.06 area. If BTC surges, it is likely to touch the M-Signal on the 1M chart. However, more important than the rise is whether it can be supported in the 21023.14-21853.06 section. Currently, we see a mid- to long-term uptrend, but we need to hold the price above 20050.02 to stay there. If that happens, MS-Signal is likely to turn bullish as it turns into a bullish sign. (1D chart) Full-blown volatility is expected to begin around January 21st. However, it is necessary to check whether it is out of the 21023.14-21853.06 section around January 19th. A new volume profile point is forming around 20954.92. Therefore, it can be seen that the vicinity of 20954.92-21023.14 forms an important support and resistance zone. The CCI, RSI and StochRSI indicators have all been in the overbought zone for 9 days, but now the CCI appears to have exited the overbought zone. Even when the candle closes, you should check if the CCI shows as breaking out of the overbought zone. I think the move to show volatility to calm the overheated indicator depends on which way it breaks out of the 21023.14-21853.06 zone. when it goes down, 1st : around 20050.02 2nd: Around 19176.93 It is necessary to check whether it is supported in the 1st and 2nd sections. If it rises above 21023.14 and holds the price, 1st: Around 21853.06 2nd: Around 22487.41 It is necessary to check whether resistance is received in the 1st and 2nd sections. It looks like the HA-Signal indicator on the 1M chart is falling around 26K. Therefore, if it surges, be careful as there is a possibility of a sharp decline while touching the HA-Signal indicator on this 1M chart. This movement is the basis for the possibility of consolidation in the maximum range of 17.8K-26K mentioned in the 1W chart description. ------------------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
11
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
by CryptoSanders9563
Get support at long-term buy pointsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) A move out of 44.07B-44.807B came out. We need to see if it can rise above 44.07B. The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market. (BTC.D 1D chart) An increase in BTC dominance means that funds will be concentrated towards BTC. The next period of volatility is around the 23rd of January. (USDT.D 1D chart) An increase in USDT dominance means that the coin market is likely to decline. It is necessary to check which direction it deviate from the 6.90-7.27 section. Funds coming into USDT are currently stagnant. This means that funds are not flowing in or out through USDT. I think the movement of these funds means that the funds that have entered the current coin market are coming and going, leading to volatility. Therefore, if the BTC price rises further from the current state, it is highly likely that more altcoin funds will be concentrated in BTC. Accordingly, you should be wary of rapid volatility in altcoins. I think the rise of BTC dominance and the fall of USDT dominance are the basic movements to go to the bull market. The rise of BTC dominance should not be infinite. The reason is, as I said above, that funds are currently stagnant. For a bigger bull market, BTC dominance should rise above 55.01 and then fall. However, if this happens, the price of the altcoin will drop tremendously due to the current stagnation of funds. Therefore, it should show a decline after rising around 43.75-45.68. For this reason, the current pumping of altcoins is risky pumping. --------------------------------------- (BTCUSDTPERP 1D Chart) We need to see if the price can sustain it by rising above the 20984.7 point, which is expected to be a key point. On the current chart, the next period of volatility is from around the 23rd of January. However, judging from the various charts, it is likely to start around the 21st of January. On the current chart, it would be important if the price could hold above 20984.7 around January 19th, a period of mild volatility. The reason is that the day when the -100 indicator point crosses the downtrend line (1) is likely to generate volatility. Due to the volatility at this time, it is judged that the possibility of falling to 17.9K is small, but since there is an important support and resistance point near the current price, it is necessary to see whether it is supported or resisted at this point. Everyone is trying to catch the market trend with the upcoming economic indicators or the comments of various celebrities. These announcements made my psychological state unstable, and I think it is highly likely to lead my trading strategy in the wrong direction. Therefore, you will be trading in an unstable state of mind throughout the transaction. Investment and trading should be carried out in a comfortable and stable state of mind in order to maintain the possibility of success and the ability to cope with volatility, leading to successful trading. The price aspect I'm talking about is whether it's supported or resisted at important support and resistance points or sections. Therefore, in a way, the movement of the market can be said to be simple. I think we are making it difficult for ourselves to look at the market by using all sorts of analysis techniques to predict simple movements. Put down all your analysis techniques and look at the charts. Then, mark support and resistance points on the chart. When drawing support and resistance points, draw them so that they do not reflect your psychological state. This is because the points of support and resistance drawn by reflecting your psychological state will be available for trading anyway. The way to check whether there is support or resistance is to observe the movement of the chart in real time over a long period of time, and you become accustomed to it without knowing it. If you have this kind of eye, you will not make a big loss by trading. Because cutting your losses is the best way to get big profits. While explaining the BTCUSDTPERP 1D chart, you may think that I am talking nonsense, but please read it carefully as it is not easy to come across in real life. If the price of BTC rises further due to stagnant funds in the coin market, the price of altcoins will likely fall further. That said, if the BTC price declines here or a pull back pattern emerges, altcoins will show a greater decline. So, I think I've come to a situation where I can neither do this nor that. After this period of volatility, the market is expected to undergo new changes. We don't know if the change will actually bring us big profits, but one thing we can know is that the price of altcoins will go down. The mid- to long-term trend I see is a picture that moves sideways in the M-Signal section (approximately 17K-24K) of the maximum downtrend line (1) to 1M chart. This sideways movement will bring us a new trend change, which will lead us to an uptrend in the near future. ------------------------------------------- - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to begin when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level. After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session. The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400. Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory. The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark. It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
Let's create long-term lowsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) I need to see if I can come up with a gap rise in the 44.07B-44.807B range or more. The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market. (BTC.D 1W chart) An increase in BTC dominance means that funds will be concentrated towards BTC. It is necessary to check whether the solid (liquidity) uptrend can be continued by falling after receiving resistance in the 43.75-45.68 section. If it rises above 45.68, there is a possibility of a strange market trend in which BTC alone rises. As a result, there is a possibility that altcoins may move sideways or fall, so you need to think about countermeasures. The 39.56-40.44 interval is a high probability of rapid volatility. The next volatility period is around January 23rd. (USDT.D 1D chart) An increase in USDT dominance means that the coin market is likely to decline. As it fell below 7.27, there is a pumping of altcoins that makes you think it was a bull market. If it starts to fall around 6.21, it is expected that a market will be formed where you will buy without thinking about a trading strategy, thinking that you can't wait any longer even if the price is soaring. Therefore, the possibility of the formation of a peak in the coin market will increase. The next volatility period is around January 24th. If the USDT chart doesn't show a consistent rise in the gap, I think it's likely that the uptrend is short-lived and falls. Therefore, caution should be exercised in the approaching period of volatility as the coin market may stop rising. However, if USDT rises above 68.468B due to a continuous gap increase, I don't think there will be any need to worry about this for the time being. --------------------------------------- (BTCUSDT 1W chart) The HA-Low indicator is an indicator that gives you a tradable spot created by a combination of RSI 30 and Heikin Ashi. Therefore, if the HA-Low indicator shows support, it means that a bottom has been made. The HA-High indicator is an indicator that gives you a tradable spot created by a combination of RSI 70 and Heikin Ashi. Therefore, if resistance is confirmed in the HA-High indicator, it means that a high has been made. in a different way If resistance is confirmed in the HA-Low indicator, it means that a new point can be created, If the HA-High indicator shows support, it means that a new high could be made. At 21023.14, the HA-Low indicator on the 1M chart is looking to be created. If this month's candlestick closes near the current price, a HA-Low indicator will be created at 21023.14. The HA-Low indicator on the 1M chart is created at 21023.14, which means that it is a point where buying is possible from a long-term perspective. From a mid- to long-term perspective, it can be seen that the price has turned to an uptrend as it breaks away from the downtrend line (1) and rises above the MS-Signal indicator. In this situation, if the price rises above the HA-Low indicator on the 1M chart and maintains the price, it is expected that the upward trend will be maintained. However, since the HA-High indicators of the 1M chart and the HA-High indicators of the 1W chart are formed at fairly high points, these indicators should be generated near the current price. In that sense, I think it is highly likely to show a sideways movement in the maximum range of 17.8K-26K and minimum 19.6K-22.9K. A drop below 17.8K and below the downtrend line (1) would prove that the current rise was a rebound to the downside. (1D chart) As mentioned in the 1W chart, the 21023.14-21853.06 section is a section formed by the HA-Low indicator. Therefore, if it rises to this area and holds the price, there is a possibility of forming a bottom. (You may say, “This is the high point, but how is it the low point!”, but the 21023.14-21853.06 section is formed by the HA-Low indicators on the 1M and 1W charts, so it means that it is a low point from a mid- to long-term perspective.) In any case, from a short-term perspective, the 21023.14-21853.06 section is bound to come as a large resistance section. Therefore, buying pressure should increase to cross this range. Therefore, if it rises and fails to gain support, it will be more likely that the price will fall in order to increase buying pressure. when it goes down, 1st : around 20050.02 2nd: Around 19176.93 It is necessary to check whether it is supported in the 1st and 2nd sections. If it rises above 21023.14 and holds the price, 1st: Around 21853.06 2nd: Around 22487.41 It is necessary to check whether resistance is received in the 1st and 2nd sections. It looks like the HA-Signal indicator on the 1M chart is falling around 26K. Therefore, if it surges, be careful as there is a possibility of a sharp decline while touching the HA-Signal indicator on this 1M chart. This movement is the basis for the possibility of consolidation in the maximum range of 17.8K-26K mentioned in the 1W chart description. The next volatility period is around January 21-30. ------------------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
15
BTC/USD weekly time frame UPDATE !!Hello, welcome to this BTC /USD weekly time frame chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC bounced off the historical trendline and declined below support on the weekly time frame with a solid bullish volume. The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls. Currently, the bulls are facing the previous lower high resistance at $21.5K. We need to look for an effective breakout of the falling wedge, which would confirm a solid rally in the market. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Compression of dangerous spring on BTC dominance. Hi people! The ones I love the most out of you are the ones who send me curses in private messages. That's a real declaration of love. When you don't care so much what a person thinks, You rush to tell him exactly how much you don't care about him... lol. It is actually, of course, a phenomenon long known to anthropologists, namely the symbolic murder of a sorcerer. You have to kill the sorcerer's power so that he doesn't affect the change in reality. A sorcerer can be killed with a word. In case you are interested in anthropology? So, Bitcoin domination. 1W. I wouldn't rush to wait for the alt-season, and here's why. If you haven't yet discerned signs of a hidden gait to the upside, it just means you are using a weak methodology for h analysis. All that is happening now is a very high quality bull trap.
CRYPTOCAP:BTC.DLong
by averkie_skila
5
Meaning of point 20984.7 about to be createdHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (USDT 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) A move out of 44.07B-44.807B came out. We need to see if it can rise above 44.07B. The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market. (BTC.D 1D chart) An increase in BTC dominance means that funds will be concentrated towards BTC. The next period of volatility is around the 23rd of January. (USDT.D 1D chart) An increase in USDT dominance means that the coin market is likely to decline. We need to see if it can drop below 7.27. --------------------------------------- (BTCUSDTPERP 1D Chart) The chart above is displayed to see the overall flow. It started showing at the HA-Low indicator 20984.7, which is about to be created on the 1M chart. Therefore, the point that can be purchased from a long-term perspective is 20984.7 points. However, you need to confirm that you are supported. If resistance is encountered at the HA-Low indicator, there is a possibility of a sharp decline, so countermeasures should also be considered. Anyway, the fact that the HA-Low indicator on the 1M chart shows a movement to create at the current price position shows that the flow of the chart is changing. In order to keep the flow on these charts, it is expected that it will stay if it does not fall below the downtrend line (1). The volume profile point of the 1M chart started to form at 19411.7 point, and after 5 months, it showed an upward breakout. Therefore, maintaining the price above 19411.7 is important from a long-term perspective. However, it is most important to keep the price above 20984.7 as the HA-Low indicator on the 1M chart is about to form at the 20984.7 point. A shift to a new trend does not necessarily lead to an uptrend. If it rises above the HA-High indicator on the 1W chart, it is highly likely to continue its mid- to long-term upward trend. Therefore, since the current HA-High indicator point on the 1W chart is located at 59409.3 point, it is highly likely that it will shake up and down around 20984.7 point. What the extent of this volatility will be is yet to be seen. However, the volume profile plotted on the chart is formed over 19411.7-24294.1. Therefore, it is necessary to check whether there is movement within the range of 19411.7-24294.1. ---------------------------------- (1h chart) If the price is maintained above the M-Signal line of the 1D chart and above 17108.7, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. HA-High began to form a horizontal line, and MS-Signal rose above 20570.1 points. Therefore, a move away from 20570.1-20984.7 is expected in the near future. In my chart, the MS-Signal indicator plays an important role, so when starting a trade, if possible, it is recommended to check whether there is support or resistance near the MS-Signal indicator before starting the trade. If you are confirmed to be supported in 'L1', 20794.4-20984.7, you can enter the 'LONG' position. 1st selling point: around 21826.1 2nd: 22471.5-22975.1 Close transaction: 23937.1-24294.1 In order to enter a full-fledged 'SHORT' position, it must fall below the M-Signal on the 1D chart. Therefore, a quick response is required when entering the 'SHORT' position near 'S2', 20570.1. 1st selling point: around 20122.5 Trade Closed: 19188.6-19411.7 Important indicators to look at when trading are HA-Low, HA-High, MS-Signal, M-Signal, and 5EMA on the 1D chart. You should be able to change your position flexibly depending on whether you touch this indicator and receive support or resistance. ------------------------------------------- - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Will be able to overcome a big hurdle...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- (USDT 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) I need to see if I can come up with a gap rise in the 44.07B-44.807B range or more. The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market. (BTC.D 1D chart) An increase in BTC dominance means that funds will be concentrated towards BTC. In order for the coin market to show solid (rich in circulation) movement, it is expected that a bull market will be formed only when it rises at least 43.75 and then starts to fall. However, if it rises above 45.68, it is likely that a tough market will be formed as BTC alone can become a rising market. The uptrend is expected to close when it touches the 39.56-40.44 zone or rises above 45.68. The next period of volatility is around the 23rd of January, so you should pay attention to the movements during this time. (USDT.D 1D chart) An increase in USDT dominance means that the coin market is likely to decline. When it rose near 7.27, I started to think that it was the beginning of a bull market. The key is whether it meets resistance at 7.27 and declines. The next volatility period is around January 24th. --------------------------------------- (BTCUSDT 1W chart) Breaking out of 15475.10-17880.71, there is a big uptrend. The 20050.02 point corresponds to the volume profile section of the 1M chart. So, if the price holds up above 20050.02, you've crossed an important hurdle. It is judged that a stepping stone has been prepared for a transition from a new flow to a new trend turn. At this time, the important thing is that it should not fall below the downtrend line (1). If the price is maintained above HA-Low and above MS-Signal, it is highly likely to turn into a mid- to long-term uptrend. (It is still an ambiguous position to say that it has been completely supported beyond MS-Signal. To dispel this ambiguity, MS-Signal must be converted to a rising sign.) In order to sustain the mid- to long-term upward trend, the price needs to rise above HA-High to maintain the price. By the way, the current HA-High indicator point is located at 59370.07. Therefore, it is said that it must rise above 59370.07 to continue the mid- to long-term upward trend. This part doesn't make sense, so you have to shake it up and down to make the HA-High indicator drop. Therefore, if it rises above the 20050.02 point and shakes up and down and the HA-High indicator declines, I think it will increase the possibility of making a good move. At the time of this up and down swing, most individual investors will have exited their trades. The full-fledged rise of the coin market is listed below, but it is expected that it will be possible only when it rises above 29K. It is expected that the HA-High indicator will fall before that. (1D chart) If this uptrend ends with a one-off, 1st: 17880.71 2nd : 19176.93-20050.02 It is expected to touch the vicinity and fall. If the new trend breaks, i.e. falls below 16428.78, 1st: 15475.10 2nd : 14.8K 3rd : 13500-13761.50 It is expected to touch the vicinity. The next volatility period is around January 21-30. Therefore, it should hold the price above 20050.02 before the next period of volatility, or show funds coming in in USDT, USDC. If not, chances are you'll end up with a one-shot rise. Even if this is a one-time rise, if the price stays above the downtrend line (1), it will eventually start to rise again. ------------------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) climbed to a two-month high in today's session as the price climbed above the $21000 mark. After a low of $17,995.20 on Thursday, BTC/USD rose to a high of $19,031.80 at the beginning of the day. As a result of this move, the world's largest cryptocurrency climbed to its strongest point since November 8, when the price was above $21,000. Looking at the charts, the rally peaked at 82.00 with the 14-day Relative Strength Index (RSI), its highest level in over a year. Moreover, the upside trend continues to mature at the 10-day (red), and 25-day (blue) moving averages, thus adding to the bullish momentum. Nevertheless, prices are now well beyond overbought, which could mean the bears are hiding and preparing for re-entry. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563