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Btcdominance

BTC Dominance ! 1D Review Hello everyone, I invite you to review the current dominance of BTC over the rest of the market. First, we will use the blue lines to mark the sideways trend channel in which we are moving and here you can immediately see that we are in its upper limit, what is more, we are staying above the uptrend line. Now we will go to check where we have support when BTC starts to lose against the entire market. And here we have the first support at 46.59 %, then the second support at 45.1 %, the third support at 43.9 %, and then the fourth support at 42.7 %. It is worth checking the percentage of BTC dominance, because the lower the value, the more other coins gain. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First we have resistance at 49.2 % which is a very strong resistance and the upper limit of the ongoing sideways channel, when we manage to break it we have second resistance at 50.7 % then third at 52 % and then fourth resistance at 53 %. Please pay attention to the CHOP index, which indicates that most of the energy has been used, the MACD indicator indicates entering a local downtrend, while the RSI shows a small rebound, but we are still high, which may indicate a deeper correction.
CRYPTOCAP:BTC.D
by cryptodailyuk
Bitcoin Dominance Elephant/Mammoth in the room The Bitcoin dominance has been doing something seemingly unnatural with the limited information available to us. I find that a lot of people are sleeping on this or just unaware. First off, this chart is very busy. I don't normally make charts with this many indicators but there is a lot of confliction in the information and I only want to make a single chart of this to follow on. There is are even a few indicators I have deleted for sanities sake. Secondly, the elephant is that we have basically gone through a bear market in a range with the dominance. What we have known or at least what we think we knew is that in bear markets the dominance of bitcoin goes up. That so far has proven to be false or is it that the bear market isn't over yet? I will explain all of this with my opinion at the bottom with a third option. THE INDICATORS On the Monthly chart 50 month MA CM_Ultimate_MA_MTF Volume Down below, from top to bottom RSI Vortex (VI) Traders Dynamic Indicator (TDIGM) Historical Volatility (HV) Bitcoin Dominance Oscillator (BTCD_O) Sentiment Oscillator (ASO) So, lets start from the top The CM Ultimate has turned green, the only other time that's happened on this chart has shown an upward dominance move for Bitcoin. The RSI is climbing, the blue vortex has crossed above the pink line that all show a support for this upward dominance move. The sentiment oscillator has closed the gap (Blue vs pink) and looks to make across that would add to the upward move, but, has not crossed as of yet (possibly this month it may). The conflict or size of the move The last time dominance went up it was met with very heavy resistance the 50 month MA (yellow line), it finally did break through but did not hold for even one month and broke back down again. This shows us the 50 month is very very strong resistance for now. The question is, will it go above this time around? This is what remains to be seen and what will follow here. The volatility and traders dynamic could be pointing at small move. We can clearly see the volatility going down as the move is going up. The TDI has been saying a move is coming and has been made but it might already be over, or there is isn't much left in the move. So, it could go to the 50 month and get rejected from there. Why? We can also see the TDI's range is narrowing which coincides with the volatility. Also, along with all this the RSI is showing hidden bearish divergence for 4 years now, that started in 2015, but has it played out fully yet? Again that remains to be seen. I have zoomed in on the volatility so it can be clearly seen but what is being missed is the giant wedge that it is in. This wedge does eventually end in about 2 years, so it's still aways away. What I think and what my analysis is. First off, it's not to be taken as advice. I think BTC dominance is going up for now. I also think it gets rejected by the 50 month and goes back down for an alt-season and could make a double bottom and hit the lows of 2018 @ 35% or possible even slightly lower for a very short time. It then would go back up substantially. Keep in mind this could take 2 to 3 years to play out in full or even longer. The keys in all of this are the 50 month, the Volatility and the volume. We can also see the volume is in a downward trend. A big volume spike could bean early sign of a trend reversal too. Once all this plays out and if the dominance was to go back up the volatility would have to break out of the wedge in a fairly violent way, just as it did when it broke down in 2017/18. The other option is it just gets more and more stable and less volatile as time goes on and keeps following this trend. I don't think this is likely as a permanent fixture though. Another hidden key here could be Ethereum. ETH has also closed the gap on BTC during this bear market, so it's another thing I'm looking at and could also be used as an indicator to all this data. I have linked a chart to this analysis in this one called "Is Ethereum going to dethrone the king". Also, I have included is an altcoin lengthening cycles analysis based on XRP. I do suggest you replicate this chart in multiple ways by breaking down the indicators for cleanliness sake and even adding in the ones I removed listed down bellow. Removed but still relevant Indicators Stochastic RSI Bollinger Bands MACD Thank you for looking and please feel free to let me know what you think in the comment section down below. Stay Blessed WeAreSat0shi
CRYPTOCAP:BTC.DLong
by WeAreSat0shi
1
BTC Dominance is DominatingThe 49% Resistance area for BTC D. has been at play since the summer of 2021 when we first hit that resistance level. You can see in previous areas BTC D finding resistance was bullish, money flowed into Alts and Total Crypto MC pumped hard. The 3d retrace was marked by a further dip in overall Crypto MC but coincided with a drop in BTC price. Currently since the last time resistance was hit we have seen several alts pop off and BTC find resistance at 30800. While BTC D was rejected at resistance once more on 12 April, a retrace occured that found support around 47%. Currently we are bouncing back to the resistance at 49%. BTC Dominance Over the last 3 days BTC Dominance has been pumping back to resistance. If it breaks out to the upside, expect ALTS to bleed, would be a good moment to load up on Altcoins. Hitting Resistance and breaking down to previous levels would likely be bullish for altcoins as long as BTC price either stabilizes (ideal scenario) or pumps along with the alts. Patiently waiting...
CRYPTOCAP:BTC.D
by Suneater69
USDT.DOMINANCE UPDATE Hello, welcome to this usdt.dominance update by CRYPTO SANDERS. CHART ANALYSIS;-USDT.DOMINANCE It got rejected by the horizontal resistance of the rectangular channel. Currently, it is forming above the mid-range, where the MA 100 is also acting as a support. Now it will break the mid-range from here or after retesting the Ichimoku cloud, and this will be a bullish signal for the market as it moves in the opposite direction. Hit the like button if you like it and share your charts in the comments section. Thank you
CRYPTOCAP:USDT.D
by CryptoSanders9563
4
Volatility above 10% means...hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 1W chart) (USDT.D 1D chart) Still, USDT is maintaining an upward trend, and USDC is maintaining a downward trend. BTC dominance will eventually rise above 50. So, you need to think about countermeasures against it. The rise in BTC dominance can be interpreted as meaning that funds are concentrated towards BTC, so it is highly likely that the altcoin will enter the second round of buying. When BTC dominance rises, the overall flow of the coin market will be very different depending on whether USDT dominance rises or falls. A decrease in USDT dominance increases the likelihood that the coin market will rise. Therefore, when BTC dominance rises, it is necessary to see how USDT dominance moves. Again, - USDT, USDC charts show the size of funds. - The BTC.D chart shows where funds are concentrated. - USDT.D chart shows the flow of funds. I don't think I know anything other than the case above. Therefore, it is better not to try to interpret it the other way around. --------------------------------------- (BTCUSDT chart) (1M chart) I think the 1M chart is a chart that can be used to check the big picture and long-term perspective. Currently, BTC is located near the MS-Signal indicator. At the same time, a volume profile section is formed at the 28465.36 point. Therefore, the 28465.36-28923.63 section, along with the previous volume profile, is expected to be an important turning point for the long term. If the price stays above the MS-Signal indicator, it is likely to continue its uptrend. Therefore, it is necessary to check whether the price is maintained above the MS-Signal indicator until the MS-Signal indicator turns into an uptrend. However, it is recommended to check the movements of the HA-Low and HA-High indicators in order to proceed with the transaction. Since the HA-Low indicator is currently located in the 20050.02-23141.57 section, the time to buy has already passed. However, in order to continue the upward trend from a trading perspective, the price must rise above the HA-High indicator to maintain the price. Therefore, I think there should be a movement that causes the HA-High indicator to fall and be created. (I think that is unlikely, but there may be a move upwards above 43823.59 as it continues to rise.) If the price maintains above the HA-Low indicator, it is time to buy until you see support near the HA-High indicator anyway. Therefore, it is necessary to consider whether to proceed with a partial purchase when confirming support near the MS-Signal indicator from a trend perspective, or whether to proceed with a purchase when confirming support near the HA-High indicator. Or, you need to think about whether to proceed with the purchase when you confirm that the MS-Signal, HA-Low, and HA-High indicators are supported by split trading. (1W chart) Unlike the 1M chart, the 1W chart is moving around the HA-High indicator. Also, the HA-Low indicator is creating a fairly long horizontal line. Making such a long horizontal line means that it is maintaining an uptrend. So, from a mid- to long-term perspective, it can be seen that it is maintaining an upward trend. When maintaining an uptrend, if it finds support near the HA-High indicator, it is likely to break the recent highs. Therefore, if the HA-High indicator is created at 27496.02 this time and it is confirmed to be supported around 27496.02, it is expected to rise above 32259.90. If the HA-High indicator is created at 27496.02, but it does not receive support and declines, you need to check if it is supported at 26574.53. A drop below 26574.53 is likely to lead to further declines, so a countermeasure is needed. A drop below 26574.53 is expected to create a rising HA-Low indicator. At that time, whether it is supported near the HA-Low indicator will be an important factor. (1D chart) There was more than 10% volatility in one day. When such volatility occurs, what we need to pay close attention to is the flow of funds. You need to look at whether funds are flowing in or out of the coin market, and in which direction the funds are being utilized. The movement of funds will be discussed in detail separately, but briefly, the funds flowing into the coin market remain the same, and rather, the funds are continuously flowing. This inflow of funds will maintain the FOMO status of the coin market, and it is expected that it will show a great uptrend. The key is whether the price can sustain the move above the MS-Signal indicator on the 1D chart and above 28465.36. As mentioned before, the MS-Signal indicator is an indicator that informs trends. Therefore, maintaining the price above the MS-Singal indicator means that there is a high possibility of continuing the uptrend from a trend perspective. Therefore, it is important whether it is supported in the 28465.36-28923.63 section. However, since the HA-High indicator on the 1W chart and the HA-Low indicator on the 1D chart form the 24796.02-27985.15 section, if support is confirmed around this section, you can proceed with aggressive buying. The stop loss for this aggressive long is 26574.53. Therefore, the purchase period can be largely defined as 3 periods. 1st : 27496.02-27985.15 2nd : 28465.36-28923.63 3rd: Around 30184.24 If it is confirmed that it is supported in the 1st to 3rd sections above, I think it is possible to buy it. Around 26574.53, the M-Signal indicator on the 1M, 1W chart is passing by. Therefore, if it does not fall below this range, it is highly likely to maintain an upward trend from a mid- to long-term perspective. ------------------------------------------ (BTCKRW chart) There was volatility that rocked up and down. What we need to pay attention to is to check whether it is supported or resisted near the MS-Signal, HA-Low, and HA-High indicators. Therefore, it is necessary to check whether it is supported or resisted around 36425000, 37243000, 37585000-38093000 and respond accordingly. The next volatility period is around May 15th. ------------------------------ - 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. ---------------------------------
by readCrypto
1
Pull back patterns are not easy to know before they are completeHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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) USDT and USDC are still moving in opposite directions. As long as funds are showing an inflow through USDT, the coin market is expected to remain on the uptrend. Even if the global economic situation is not very good, we are traders who can earn profits by trading according to the size and flow of funds in the coin market. We must not forget that we are not economists or economic analysts after all. --------------------------------------- (BTCUSDT.P chart) If the price is maintained above the MS-Signal indicator on the 1M chart, it can be interpreted as a long-term turn to the uptrend. If the price is maintained above the HA-High indicator on the 1W chart, it can be interpreted that there is a high possibility of renewing the recent high from a mid- to long-term perspective. So, from a mid- to long-term perspective, we can see that it is likely to remain on the uptrend. However, since it did not rise above the HA-High indicator on the 1M chart, I think it is time to maintain the price above the HA-High indicator from a long-term perspective. Therefore, whether the price rises or falls, the current volatility must be dealt with in the short term, as it is expected that the HA-High indicator will fall and create a shape. In the big picture, BTC below 29K is a buy zone. This doesn't change. However, since it rose above 29K and then fell below 29K, it is good to see how it turns. (1D chart) If you can see support in the 28454.9-28951.7 section, it's time to buy the week. If not and it declines, you should check for support near 27486.4-27976.1. Point 27486.4 is the point where the HA-High indicator of the 1W chart is about to be created, and point 27976.1 is the point where the HA-Low indicator of the 1D chart is about to be created. Therefore, if we see support around 27486.4-27976.1, we know that it is time to buy aggressively. If the price stays above the MS-Signal indicator on the 1D chart, it means that it has turned to an uptrend from a short-term perspective, so finding support in the 28454.9-28951.7 section is a very meaningful move. The MS-Signal indicator provides criteria for identifying movements from a trending perspective. The HA-Low and HA-High indicators provide criteria for buying and selling from a trading perspective. How you can interpret these criteria and use them in your own trading strategy will be determined by how much time you invest in checking the movements. A pull back pattern is one of the manifestations of an uptrend. It is almost impossible to identify the bottom section of such a pull back pattern. The reason is that when the price rises above the level where the decline started, it can be confirmed that the pull back pattern has been completed. Therefore, we need to check whether we can proceed with aggressive buying by identifying support and resistance points. To say that the current movement is a pull back pattern, we need to see price holding up by at least 28951.7. (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 'SHORT' position entered near 'S1', 'S2', 28951.7-29242.2 did not touch the trading end point and is rising. In the meantime, since I touched the 5EMA and M-Signal indicators on the 1D chart, it is recommended to sell some or close the trade and check the situation. As I said before, the box section is very wide. From the 24294.1-25882.9 section to the 28951.7-30181.8 section, a box section is formed. Therefore, it is considered possible to enter the full-fledged position when it is out of the 24294.1-25882.9 section or 28951.7-30181.8 section. ------------------------------------------- (BTCKRW chart) The HA-High indicator on the 1W chart is about to be created at the 36425000 point. Therefore, if the HA-High indicator of the 1W chart is created at the 36425000 point, it is necessary to check whether it can be supported and rise around 36425000. Currently, it touches around 36425000 and rises, touching the MS-Signal indicator on the 1D chart. Therefore, it is important to be able to keep the price above the MS-Signal indicator on the 1D chart by maintaining the price around 37585000. The HA-Low indicator on the 1D chart is about to be created at point 37243000. Therefore, the 36425000-37243000 section is a support section, forming a buyable section. However, the 1D chart's MS-Signal indicator needs to be supported near the 37585000 point passing by, so the uptrend is highly likely to continue, so the main buying section should be made around 37585000. The next volatility period is around May 15th. ------------------------------ - 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. ---------------------------------
by readCrypto
Identify the size or flow of funds in the coin marketHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- In order to find out the size or flow of funds in the coin market, I think you should pay attention to the movement of the four charts below. Check the size of your funds: USDT, USDC Check the flow of funds: BTC.D, USDT.D It is best to view all four charts together if possible because you can find out the size or flow of funds from limited information. If it is difficult to see all four charts, it is recommended to view at least the USDT.D chart, which shows the flow of funds best. ------------------------------------------ (USDT chart) (USDC chart) It is important to check the USDT and USDC charts to find out the flow of funds in the current coin market. USDT is a stablecoin backed by exchanges around the world. Therefore, it is indispensable for most coin (token) transactions. Therefore, the fact that USDT maintains an upward trend can be interpreted as meaning that funds are continuously flowing into the coin market. However, the size of the candlestick is not very important because it is thought that new funds will flow in only when a gap occurs and rises on the USDT and USDC charts. Although USDC maintains a high market cap, it is one of the stablecoins with little support for trading pairs on exchanges around the world. However, since the market capitalization is maintained at a high level, it is less than USDT, but I think it exerts some influence on the coin market. In particular, since USDC is likely to be composed of US investment capital, it is understood that it is being used as a fund warehouse by institutional investors. Therefore, it is highly likely that USDC funds will be moved according to stock market fluctuations. In that sense, if you look at the flow of the current USDC chart, you can see that a lot of money is flowing out of the coin market. I think it is a disprove that funds are moving from the coin market to the stock market. So, if the stock market shows a clear uptrend, the USDC chart is predicting a trend reversal. Therefore, USDC's downtrend has the potential to limit or plunge the coin market's uptrend caused by USDT's uptrend. We expect this move to act as an opportunity to increase new buying. -------------------------------------------------- -------- (BTC.D chart) (USDT.D chart) It is recommended to look at the BTC.D chart and the USDT.D chart together, but if it is difficult, it is better to look at the USDT.D chart alone. However, since the BTC.D and USDT.D charts show the overall flow of funds in the coin market, it is not possible to know the flow of funds for individual coins (tokens). To see the individual money flow of a coin (token), it is recommended to look at the BTC market chart of the coin (token). Since BTC is used as the key currency of the coin market, I think the BTC market chart best reflects the price fluctuations of coins (tokens) according to BTC price fluctuations. However, coins (tokens) with too low market capitalization are the same regardless of whether they are on the same BTC market chart or USDT market chart. Coming back to the BTC.D and USDT.D charts, Since BTC is the number one market capitalization in the coin market, I think most of the fund size or flow in the coin market is related to BTC price fluctuations. in that sense The BTC.D chart and the BTC dominance chart are charts that allow you to see whether funds are concentrated toward BTC or altcoins. Therefore, rising BTC dominance can be interpreted as meaning that funds are concentrated towards BTC. Just because funds are concentrated towards BTC does not mean that the BTC price will rise. If you don't understand this point, you should be careful because you can interpret it in the wrong direction. When funds are concentrated towards BTC, if USDT dominance rises, the coin market is likely to show a downward trend. The reason is that USDT is a stablecoin that supports trading on exchanges around the world. This is because the increase in USDT dominance means that USDT is increasing through trading, which means that selling in the coin market is increasing. Therefore, as a condition for trading altcoins, you must show a drop in BTC dominance and a drop in USDT dominance. If not, it is because most altcoins are unlikely to make significant gains. BTC dominance is expected to continue to rise. The reason is that there is a BTC halving next year. This is because as the BTC halving approaches, a lot of people will flock to the coin market. And, if the BTC price starts to rise in earnest, funds will inevitably be concentrated towards BTC for the time being. If you don't buy it now, it's because you will buy BTC with the thought that you can't. This will cause altcoins to gradually lose their strength and move sideways or decline, despite the upward trend in BTC price. I think this trend is likely to continue until the BTC price nears 43K. As USDT dominance falls below the uptrend line (1), it becomes important whether it can touch around 6.21. The important divergence of USDT dominance is in the 4.97-5.53 range, and if it falls below this range, the coin market is expected to start such an uptrend in which any coin (token) can be bought and profit will be made. Before that, the question is whether it can fall below the 5.89-6.21 range. I think the coin market must fall below the 5.89-6.21 range to go to a big bull market. So, the next period of volatility on the USDT.D chart is around April 22nd. After this period of volatility, we need to see if it stays below the downtrend line (2). -------------------------------------------------- - I think that the coin market is open to many things that are different from the stock market. In particular, I think it is attractive to be able to know the size and flow of funds. Therefore, it is important to first check the four charts mentioned above rather than relying on all kinds of information to predict the prospects and trends of the investment market, that is, the coin market. After that, I think checking the information going around reduces the possibility of making a wrong decision. When CDBC becomes active, there is a possibility that the influence of existing stablecoins will be weakened. The reason for this is that it is highly likely that direct transactions will be possible with CDBC, i.e. fiat currency. In that case, the size or flow of funds in the coin market may not be known with the above four. Then, an investment environment like the existing stock market will be created, and more individual investors than now will suffer losses. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
CRYPTOCAP:USDT.DEducation
by readCrypto
2
What does it really mean to check the way you turn?Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 1W chart) (USDT.D 1D chart) The USDT chart is in an uptrend and the USDC chart is in a downtrend. The USDT chart can be said to be a channel of money for people around the world, that is, those who trade and do in the coin market, including individual investors. The USDC chart is a channel for institutional investors, i.e. US funds. Therefore, it can also be interpreted that FOMO may be in progress. However, if funds continue to flow through USDT, the coin market will maintain an upward trend. It seems that funds are continuously flowing into the coin market through USDT. Therefore, the coin market is likely to remain in an uptrend. However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur. Any such restrictions or plunges are expected to serve to increase new buying. --------------------------------------- (BTCUSDT chart) (1W chart) I need to check if I can ascend along the ascending channel while sideways on the 26574.53-32259.90 section. You need to make sure that the HA-High indicator is showing signs of being newly created. If the HA-High indicator is about to be created, it is important whether it is supported near that point. Around 26574.53, the M-Signal indicator on the 1M chart is passing. Therefore, holding the price above 26574.53 means that the long-term trend is maintained. (1D chart) The M-Signal indicator of the 1M chart and the M-Signal indicator of the 1W chart are reversed. Therefore, if it moves sideways or maintains an uptrend in the current section, it is expected to turn into regular alignment. It does not necessarily mean that it will rise if it is converted to Jeongbae-ro, but it can be seen that the purchase has been made to that extent. Therefore, it is important in trading to check whether there is support or resistance at which point and in which section. Therefore, the question is whether the price can be maintained above 26574.53 (up to 26013.28). The 28465.36-28923.63 section is a volume profile section formed on the 1M chart. Therefore, if the price rises above this range and maintains the price, the possibility of continuing the upward trend is expected to increase. If it falls below 26574.53 (up to 26013.28) and appears to be resisting, it is expected to fall around 23141.57, so a countermeasure is needed. 29K or less falls under the long-term perspective. Therefore, I believe that you can earn great profits from a long-term perspective no matter where you buy at any point or in any section. However, since it fell after rising above 29K, it is recommended to check the turn before proceeding with the purchase. What does it really mean to check the way you turn? Checking the turn is to see the trend change from the standard you set. My criteria are the MS-Signal, HA-Low, and HA-High indicators displayed on the chart. All other lines correspond to the support and resistance needed to trade. Therefore, I think that one of the ways to check the turn is to see if the price is maintaining above the M-Signal and MS-Signal indicators on the 1M and 1W charts. If you see these trend reversals, you will have a basis for creating a trading strategy. Then, you can create a detailed trading strategy based on whether you are supported or resisted by the HA-Low and HA-High indicators. The point where the current price is located is between the M-Signal and MS-Signal indicators on the 1M and 1W charts. And, it is located between the HA-Low and HA-High indicators. Thus, we can see that the section where the current price is located is located in the sideways section. ------------------------------------------ (BTCKRW chart) The key is whether it can be supported around 35539000 and rise above 40674000-43761000. The next volatility period is around May 15th. ------------------------------ - 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. ---------------------------------
by readCrypto
2
Significance of Uptrend Line (1)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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) USDT and USDC are still moving in opposite directions. You have to look at the market thinking that BTC dominance will rise. An increase in BTC dominance means that funds will be concentrated towards BTC. So, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. The volatility period on the USDT dominance chart is April 21-23. Accordingly, it is necessary to check whether it can fall below the 6.85-7.28 section. Otherwise, if it rises above 7.86-8.25, the coin market will fall further. In particular, if USDT dominance also rises along with BTC dominance, altcoins are expected to record a larger decline than BTC. Funds continue to flow into the coin market via USDT. It is unknown when this inflow of funds will be utilized, but if it is utilized, I think the coin market will show sideways or rise. In fact, the big question is whether I can endure until this transition occurs. I think it depends on whether you can overcome the psychological anxiety and pressure caused by price volatility, whether you will finish the transaction with a profit or a loss. Therefore, it is always necessary to trade to make one's psychological state stable. In order to make your psychological state stable, you need to proceed with split trading. --------------------------------------- (BTCUSDTPERP chart) As a volume profile section is formed at the 28454.9 point on the 1M chart, the price cannot be maintained above 28454.9-28951.7 and is showing a decline. However, since the price is located above the MS-Signal indicator on the 1M chart, it can be interpreted that it is still maintaining an upward trend from a long-term perspective. However, since the HA-High indicator on the 1M chart is located at 43993.4, we expect that there will be a movement that will rise above the HA-High indicator or cause the HA-High indicator to fall. In that sense, it is becoming important to keep the price above the M-Signal indicator on the 1M chart located around 25882.9. The components of the MS-Signal indicator are M-Signal and S-Signal. It can be difficult to understand as the names MS-Signal, M-Signal, and S-Signal are used interchangeably, but ultimately all three mean the same thing. For example, to find out how the 1W or 1M chart's MS-Signal indicator is passing on the 1D chart, the M-Signal, which has an important meaning in the composition of the MS-Signal indicator, can be displayed on the 1D chart. Therefore, when referring to M-Signal, be sure to indicate which time frame chart M-Signal is referring to to prevent confusion for others. The method of displaying the volume profile point is indicated by a formula using the OBV indicator. (1D chart) Since it is above the uptrend line (1) that started near section A, it should be interpreted that it is still in an uptrend. Since the M-Signal indicator of the 1M, 1W chart is passing below the upward trend line (1), that is, around 25882.9, it is necessary to check whether a sudden movement occurs when it falls below this area. If this rapid move quickly rises above the uptrend line (1), i.e. above 26907.0 and shows support, you can proceed with an aggressive buy. The resistance area of this aggressive buying is the 28454.9-28951.7 area, which corresponds to the volume profile. The HA-Low indicator on the 1D chart is currently located at 21558.1. We need to see if this pullback will push the HA-Low indicator higher, giving it the look it's about to create. If the HA-Low indicator shows an uptrend and is about to be created, a full-fledged purchase is possible when there is support near that point. However, since it is a purchase on the 1D chart, it is necessary to proceed with the purchase according to the short-term perspective. I said that below BTC 29K is a long-term buy range. This is valid. However, since it rose above 29K and then fell, it is recommended to proceed with buying when the turn is confirmed. It is difficult to misunderstand this part and think that since it fell below 29K, you should buy it when there is a big drop. You must check the turn and proceed with the purchase. Since funds are continuously flowing through USDT, it can be seen as FOMO in a way. However, if funds continue to flow in, eventually the coin market is likely to show an upward trend, so you should focus on finding the right time to buy. However, it is essential to adjust the weighting as there is a possibility of limiting the rise of the coin market or causing a sharp decline due to the continuous decline of USDC. (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. 'S2', 'SHORT' position entered near 28951.7-29242.2 closes at 26907.0. If you touch the M-Signal indicator on the 1M, 1W chart, I will tell you about a new full-fledged position trading strategy. ------------------------------------------- (BTCKRW chart) The key is whether it can be supported around 35539000 and rise above 37585000. Since the M-Signal indicator of the 1M, 1W chart is passing in section A, if it falls below 35539000, it is important to touch section A and rise. The next volatility period is around May 15th. ------------------------------ - 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. ---------------------------------
by readCrypto
2
To be supported is...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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) It seems that funds are continuously flowing into the coin market through USDT. Therefore, the coin market is likely to remain in an uptrend. However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur. Any such restrictions or plunges are expected to serve to increase new buying. BTC dominance touches around 48.80 and is declining. The next period of volatility is around April 27th and we need to see if it touches around 46.76 and rises along the uptrend line. The decline in BTC dominance can be interpreted as money being concentrated towards altcoins. At this time, it is important to check whether BTC is supported or resisted at support and resistance points. If USDT dominance declines, the coin market as a whole is likely to show an uptrend. Whether it is an uptrend led by BTC or an altcoin can be known only by checking the movement of BTC dominance together. --------------------------------------- (BTCUSDT chart) (1W chart) Support and resistance points are forming at 30304.65. So, the key is whether it can get support around 30304.65 and rise above 32259.90. If not, you should check for support around 26574.53. (1D chart) On the current chart, the volatility period is only around April 23rd. Therefore, the period of volatility beyond April 23rd is not yet available. Since the HA-High indicator on the 1D chart created at the 30184.24 point, it would be good to see support around 30184.24 until at least April 21st. Support on the HA-High indicator means that it is likely to renew the recent highs, so a rise around 32259.90 is expected. If it does not and is resisted, there is a possibility that it will basically fall to the vicinity of the HA-Low indicator, so you need to think about countermeasures against this. As I said in the Market Cap chart analysis, since funds are continuously flowing into the coin market, we need to look at the chart from the perspective that it will maintain an upward trend. However, if the price is holding above the MS-Signal indicator, you should try to find a time to split and sell. Conversely, when it falls below the MS-Signal indicator, you should try to find a time to split and buy. Even if the price is located above the MS-Signal indicator, when it shows support near the HA-Low, HA-High indicators or near important support and resistance points, you should think about whether you can make a profit by proceeding with aggressive buying. It is better not to make such aggressive purchases unless you are comfortable with day trading. This is because the psychological burden that begins as you proceed with the purchase can lead to trading in the wrong direction, turning what was in profit into a loss. ------------------------------------------- (BTCKRW chart) The key is whether it can be supported around 39579000 and rise above 40674000. If not, you should check for support around 37585000. Since the 39579000 point is the point of the HA-High indicator on the 1D chart, it can be said that being supported at this point is likely to renew the previous high. However, if resisted, it is basically possible to fall to the vicinity of the HA-Low indicator on the 1D chart, so you need to think about countermeasures against this. ------------------------------ - 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. ---------------------------------
by readCrypto
3
Whether it can rise above 30181.8 is importantHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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) USDT is still in an uptrend and USDC is in a downtrend. Accordingly, the coin market is likely to continue its upward trend. However, due to the continued decline of USDC, there is a possibility that the range of increase may be limited or a sharp decline may occur. This move is expected to create a market that could attract new buyers. You have to look at the market thinking that BTC dominance will rise. So, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. A drop in USDT dominance is likely to lead to a rise in the coin market. It is necessary to check if it can fall below 6.21 along the downtrend line (2) around April 22 (April 21-23), which is the volatility period of the USDT dominance chart. Otherwise, if it rises above the upward trend line (1) or above 6.85, it is judged that there is a possibility of a sharp decline in the coin market. --------------------------------------- (BTCUSDTPERP chart) (1W chart) It is good to publish the contents of the trend line and the volatility period display separately as an idea, but I added it to the BTC analysis with the intention of providing more informative information to those who consistently see my ideas. The trend line is created by connecting the vicinity of the vertices of the StochRSI indicator in the 'Strength' indicator, which is an indicator. However, it is only drawn on 1M and 1W charts. If you draw as above on a 1D chart, you can display a trend that can be used by those who trade day trading. To take advantage of this, you can check it on the time frame chart you are trading, that is, the 4h, 1h, 30m, and 15m charts. So, unless you are doing day trading, you don't need to draw a trend line on a 1D chart. The settings for StochRSI are 14, 7, 3, 3 (RSI, Stoch, K, D). You can connect the low points of the points corresponding to the vertices of the low points of the StochRSI indicator. However, the openings of the falling candlesticks near the peaks are drawn by connecting them. You can refer to the circled candlestick and the StochRSI indicator. If possible, the peaks of the highs connect to points with a StochRSI value of 50 or greater, and the vertices of the lows connect to points with StochRSI values of 50 or less. Then, the intersection point of the horizontal line formed by the indicator drawing the support and resistance points included in the HA-MS indicator is designated as volatility. However, when defining the volatility period, priority is given in the order of 1M > 1W > 1D chart. In order to make the indicators that others create your own, you must invest a lot of time and observe them. If you use it right away without such a process, you need to be careful because it can lead to wrong transactions. (1D chart) The HA-High indicator on the 1D chart was created at 30181.8 and fell below that point. Therefore, it is important to be supported near the MS-Signal indicator and to be able to rise above 30181.8. If it falls below 28951.7, there is a possibility of a decline around 26907.0-27656.1, so you need to think about how to deal with it. Since a volume profile section is being formed around 28454.9 on the 1M chart, there is a possibility that it will touch around 28454.9 and rise. If this time it rises above 30181.8 and holds the price, it is expected to rise above 32275.6. If it rises above 28951.7 and then falls below 28951.7, it is good to see how it turns. Because the 28951.7 point is the stop loss point for the 32275.6-37243.4 section. (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. By touching 5EMA on the 1D chart, the position entry section that requires quick response has been changed. - 'LONG' position that requires quick response 1. Entry: 30000.5-30181.8 2. 1st: around 30971.3 3. Close of trade: around 32275.6 - 'SHORT' position that requires quick response 1. Entry: 28951.7-29242.2 2. 1st: Around 28454.9 3. Secondary: around 27656.1 4. Trade close: around 26907.0 The previous full position entry is still valid. ------------------------------------------- (BTCKRW chart) The HA-High indicator on the 1D chart was created at 39579000 and fell. Therefore, it is necessary to check the flow for at least 1-3 days. If it drops below 37585000 during the flow check, it could touch around 35539000, so you need to think about countermeasures against it. If price continues to rise above 39579000, I would expect a rise around 43791000. ------------------------------ - 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. ---------------------------------
by readCrypto
2
Market Update | Bitcoin, Alts and Bitcoin DominanceHello traders, - there is something interesting happened !! - It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !! - Bitcoin dominance is going down as expected before and we are already started a mini alt season. - TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there. - this retracement will give us a chance to fill our bags in lower prices before another up rally. - in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops. - it's important to keep in mind that the crypto market may experience significant drops at any given time. - While these drops can provide opportunities to make money, it's crucial to approach them with caution. - To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise. - As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively. Really thanks !! leaving like and comment is appreciated !!
BITSTAMP:BTCUSDLong
by Khaledzu
Market Update | Bitcoin, Alts and Bitcoin Dominance Hello traders, - there is something interesting happened !! - It's the first time since almost one year, Bitcoin was able to close the first weekly candle above 30k level !! - Bitcoin dominance is going down as expected before and we are already started a mini alt season. - TOTAL2 is very close to a good resistance between 670B and 680B and we may see a healthy correction from there. - this retracement will give us a chance to fill our bags in lower prices before another up rally. - in the current market situation, Holding long positions and taking advantage of local pullbacks can be effective strategies, but we must also prepare for the possibility of FUD (fear, uncertainty, and doubt) causing market drops. - it's important to keep in mind that the crypto market may experience significant drops at any given time. - While these drops can provide opportunities to make money, it's crucial to approach them with caution. - To mitigate risks, it's important to use appropriate stops, practice proper risk and money management, and take profits as soon as the price reaches your target. While some may choose to play more aggressively during volatile times, it's essential to be prepared for any risks that may arise. - As always, I encourage everyone to approach the market with care and to be mindful of the potential risks involved. Let's do our best to protect our investments and manage our risks effectively. Really thanks !! leaving like and comment is appreciated !!
CRYPTOCAP:BTC.DLong
by Khaledzu
Check whether the HA-High indicator of the 1D chart is createdHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 1W chart) (USDT.D 1D chart) It seems that funds are continuously flowing into the coin market through USDT. Therefore, the coin market is likely to remain on the uptrend. However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur. Any such restrictions or plunges are expected to serve to increase new buying. BTC dominance touches around 48.80 and is declining. The next period of volatility is around April 27th and we need to see if it touches around 46.76 and rises along the uptrend line. The decline in BTC dominance can be interpreted as money being concentrated towards altcoins. At this time, it is important to check whether BTC is supported or resisted at support and resistance points. If USDT dominance declines, the coin market as a whole is likely to show an uptrend. Whether it is an uptrend led by BTC or an altcoin can be known only by checking the movement of BTC dominance together. --------------------------------------- (BTCUSDT chart) The volatility periods shown on the chart are formed by support and resistance points and the intersections of the trend lines. Support and resistance points are formed by the indicators supported on this chart, and trend lines are formed by the StochRSI indicator. For example, the volatility period around April 23 shown on the 1D chart marks the intersection of the support and resistance points on the 1W chart at 26574.53 and the uptrend line drawn on the 1W chart (1). Most of the time when we talk about volatility, we often refer to volatility as the day when an issue such as a big issue or an announcement of an economic indicator occurred. However, I don't think it's a good idea to set a volatility period for such an issue, because charts sometimes move before or after that. Because charts reflect the psychology of investors, they sometimes move faster than expected and fluctuate more than expected. (1W chart) The key is whether it can rise above 32259.90 and be supported. If it fails to rise above 32259.90, it should check for support around 26574.53. Since the slope of the StochRSI indicator in the 'Strength' indicator has changed, we need to see if it turns from an uptrend to a downtrend following this week's price movements. (1D chart) As the price fluctuated, the HA-High indicator on the 1D chart seemed to be created at the 29916.79 point, but now it appears to be formed at the 27662.82 point. Therefore, when BTC falls to or below 30105.25, if the HA-High indicator on the 1D chart is newly created, it is important to check whether it is supported near the point where it was created. Being supported by the HA-High indicator means that it is highly likely to renew the recent high. Therefore, if the HA-High indicator is newly created and supported by this decline, it means that it is time to buy in the short term. However, if the HA-High indicator falls without being supported, there is a possibility of a sharp decline, so it is very important to check whether it is supported or resisted. If it rises above the 32259.90-37253.81 section, it is expected to show a full-fledged upward trend. Therefore, the 32259.90-37253.81 area is a very important support and resistance area. The stop loss for this segment is between 28465.36 and 28923.63. Therefore, if the HA-High indicator on the 1D chart is newly created and it is confirmed that it is supported at that point, it is possible to buy in the short term, but the first selling section is 32259.90-37253.81. It is recommended to check whether to sell based on whether it can rise above the 34197.22-35045.0 section, which can be said to be the middle section of the 32259.90-37253.81 section. If it rises and shows support, then I think it is possible to buy to earn profits from a full-fledged uptrend. At this time, do not forget the stop loss point mentioned above. ------------------------------------------ (BTCKRW chart) The HA-High indicator on the 1D chart is about to be created at the 35979000 point. If the HA-High indicator is created at 35979000, the key is whether it can be supported and rise around 35979000. If it declines around 35979000, you should check for support around 37585000. ------------------------------ - 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. ---------------------------------
by readCrypto
1
Rise to critical stop-loss zoneHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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) USDT chart has changed. It is showing a completely different picture from USDT's previous chart (), but it seems to be maintaining an uptrend. USDC has been showing signs of stopping its decline and moving sideways since around April 3rd. As a result, BTC rose above 29K. You have to look at the market thinking that BTC dominance will rise. An increase in BTC dominance means that funds will be concentrated towards BTC. Therefore, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. On the USDT dominance chart, you need to see if it can fall below the downtrend line (2) and uptrend line (1). If not, USDT dominance is expected to show an uptrend. Therefore, we need to keep a close eye on movements that deviate from the 6.85-7.27 range. On the USDT dominance chart, we need to see if we can find resistance by falling below the uptrend line (1) around April 12 (April 11-13). --------------------------------------- (BTCUSDTPERP chart) (1D chart) It broke above the 28454.9 point, the volume profiel point being created on the 1M chart. Accordingly, the key is whether it can be supported in the 28951.7-30000.5 section and rise above 32275.6. If it rises around 32275.6 and then falls below 28951.7, the stop loss at 28951.7 will be. We must not forget this. The 32275.6-37243.4 section is an important support and resistance zone where the full-scale uptrend begins. Therefore, a rise above the 32275.6-37243.4 range means that the uptrend for next year's BTC halving has begun. However, since it can be seen that a full-fledged uptrend has begun when it rises above the point of the HA-High indicator on the 1M chart, I think it is highly likely that the HA-High indicator will fall. Therefore, it is necessary to think that an up and down swinging section will be formed and to think about countermeasures. (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. As it rose above 28951.7, the entry into the 'LONG' position began in earnest. (black text) In addition, as it rose above 28454.9, the 'LONG' position, which required a quick response, began entering. (red text) Therefore, no matter which trading method you trade, the important point when trading with a 'LONG' position is around 32275.6. If it fails to rise and falls and touches 5EMA on the 1D chart, it is better to sell some or close the trade and watch the situation. ------------------------------------------- (BTCKRW chart) You need to keep the price above 37585000 and see if it can rise above 40674000-43761000. The next volatility period is around April 17th. ------------------------------ - 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. ---------------------------------
by readCrypto
2
Mini Altseason2023 has started)). Hi dear community and my loyal followers. Are you waiting for your altcoins to burst and explode? Do you want to know when mini altseason2023 starts? Let me update some ideas. As you see BTCD reached to the key weekly resistance zone 48.5-49% and rejected strongly with potential weekly shooting start or bearish pinbar. At the same time daily BTCD broke down rising wedge with bearish divergence and more likely will retest 44-45K support zone giving room altcoins to explode after long term accumulation phase. At the same time Total 2 broke weekly descending triangle, retested it successfully, and broke also main diagonal and horizontal resistance. Weekly candle close above 620 billion is super bullish for altcoins with target 1 and target 2 mentioned on the charts. But Target 2 will be reached only if price clears target 1 and holds it as a support. If you like my ideas and analyses, don't forget to like and follow. I will appreciate a lot.
CRYPTOCAP:BTC.DLong
by ergal91
The volume profile section being created on the 1M chartHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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 1W chart) (USDT.D 1D chart) It is showing sideways after USDT volatility. USDC has been showing signs of stopping its decline and moving sideways since around April 3rd. If USDT maintains its upward trend, the coin market is expected to continue its upward trend. However, I think that the increase can be increased only when USDC turns into an upward trend. If you look at the USDT chart, you can see that it will rise to around the previous high. Therefore, it can be said that the coin market's funds are almost recovered. However, due to the decline of USDC, I don't think the coin market has entered a full-fledged uptrend yet. You have to look at the market thinking that BTC dominance will rise. An increase in BTC dominance means that funds will be concentrated towards BTC. Therefore, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. On the USDT dominance chart, you need to see if it can fall below the downtrend line (2) and uptrend line (1). If not, USDT dominance is expected to show an uptrend. Therefore, we need to keep a close eye on movements that deviate from the 6.85-7.27 range. --------------------------------------- (BTCUSDT chart) (1W chart) If the price holds around 26574.53, I would expect a move above 32259.90. However, as the HA-High indicator rises, the possibility of being created is increasing. Therefore, if the HA-High indicator moves and is created, it is necessary to check whether it is supported or resisted near that point. Looking at the 1M chart, a volume profile is formed around 28923.63. As it rises around 28923.63 this time, a volume profile section is being formed again at the 28465.36 point. So, the question is whether the price can sustain it by rising above 28465.36-28923.63. (1D chart) The volume profile section mentioned in the description of the 1W chart is displayed on the chart. We need to check if we can break through the volume profile section that is being created over the 28465.36-28923.63 section. The remaining volatility period is until April 11th. It can be seen that the current trading volume of this chart, the BTCUSDT chart, has sharply decreased. Therefore, if this sideways sideways is prolonged, it is expected that fear will build up in the market. The MS-Signal indicator is rising to around 27662.82. So, if it fails to rise above 28465.36-28923.63 and sees frequent dips around 27662.82, I would expect a decline around 26574.53. (BTCUSD chart) Binance charts are showing sharp volume declines, so let's take a look at TradingView's index charts to see the overall volume distribution. It can be seen that the trading volume is gradually decreasing. So, it will be a matter of whether there is a move out of the 26565.12-29234.0 zone during this sideways period. ------------------------------------------ (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd : 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. ------------------------------ - 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. ---------------------------------
by readCrypto
2