Significance around 43823.59Hello traders!
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(USDT chart)
It has risen above the high point on November 8th.
I think this is evidence that a lot of money is flowing into the coin market.
(USDC chart)
It looks like it's about to turn, but it doesn't look like it's about to rise yet.
(BTC.D chart)
Among the conditions for an altcoin bull market to begin is whether BTC dominance can be maintained by falling below 50.
Therefore, I think it is difficult to say that the current altcoin bull market has begun.
An altcoin bull market refers to a bull market in which you can make a profit no matter what altcoin you buy.
(USDT.D chart)
As USDT dominance falls below 5.89-6.39, I believe the coin market has entered a bull market.
If the BTC Dominus mentioned earlier does not fall below 50, it is highly likely that a bull market will continue in which only BTC will rise.
Although some altcoins, including ETH, will rise along with BTC, it is expected that they will ultimately not be able to keep up with BTC's rise.
If only BTC rises, BTC's dominance is likely to continue until BTC dominance rises above 61 and then begins to decline, so caution is required when trading altcoins.
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(BTCUSDT chart)
(BTCUSD 1M chart)
The HA-Low indicator has not yet been created on the 1M chart.
This shows that BTC is maintaining a strong upward trend.
Therefore, it is expected that a new trend will be formed by touching the HA-High indicator this time.
If the price falls after receiving resistance from the HA-High indicator, I think there is a possibility that it will eventually lead to a decline to meet the HA-Low indicator.
Currently, it is unknown how much it will have to drop to generate the HA-Low indicator.
However, if the downward trend continues, we believe we will eventually reach the HA-Low indicator.
If it rises above the HA-High indicator, it is likely to rise to around 47995.77-48229.91.
The 47995.77-48229.91 section corresponds to the section located between 0.618 and 2.618 of the Fibonacci ratio.
(1W chart)
The HA-High indicator on the 1M chart has been touched, but the HA-High indicator on the 1W chart has not been touched yet.
Accordingly, I think there is a possibility of a shakeup around 43823.59.
Looking at the situation of the indicator, it can be thought that BTC is still in the reverse arrangement because the HA-High indicator on the 1M chart was touched first.
I think there is a possibility that a shaker will be developed to convert this reversed arrangement state to a normal arrangement state.
Well, there is a possibility that it will rise like this and rise to the 59370.07 point, which is the HA-High indicator point on the 1W chart.
In any case, it is true that it is located in an important section in terms of the current long-term trend.
There is a possibility that it will touch the 46431.5 point and a shake will occur, or there is a possibility that it will continue to decline and a shake will occur.
At this time, we need to find out the funding status of the coin market.
As explained in the USDT chart mentioned earlier, you can see that funds are steadily flowing into the coin market.
Accordingly, even if there is a shake-up, I don't think it is very likely to lead to a major decline.
However, I think the situation is a bit different for altcoins.
Altcoins are likely to see a big drop since BTC dominance is trending upward.
It is unknown whether the current inflow of funds is to buy BTC, ETH, or altcoins.
However, given that BTC dominance is on the rise, I think there is a possibility that it is an inflow of funds to buy BTC or ETH.
(1D chart)
BTC is resetting the indicator as it shows sideways movements around 43K.
Currently, the StochRSI indicator is showing a decline below the 50 point.
Therefore, when the StochRSI indicator enters the oversold zone in the near future, you should pay attention to where support and resistance are located.
When the decline in the StochRSI indicator accelerates, it is necessary to check whether BTC is maintained within the 42053.66-44200.0 range.
If possible, the key is whether the price can be maintained around 43160.0-43823.59.
I think it is highly likely that this means that there is a great desire for an increase and that buying is overwhelming selling.
As funds are flowing into the coin market, I do not think it is right from a trend-following perspective to think that the rise will stop around the current level.
This is because it is highly likely that the inflow of funds will ultimately result in an increase in the purchasing power of coins.
why? I shared my thoughts on whether the prices in the current section are showing the same behavior as they are now.
It is unknown whether this will lead to an altcoin bull market or whether BTC's dominance will continue as is.
However, if BTC dominance falls below 50, you need to think about the possibility of an altcoin bull market starting and think about how to respond.
However, since there may be a pumping of altcoins before BTC determines its direction and leads to a large rise, a trading strategy must be created accordingly.
Once an altcoin bull market begins, I think chart analysis is meaningless.
Therefore, it is recommended to sell in installments when prices rise sharply and come to a halt.
Additionally, it is time to buy if the candle on the 1D chart is a downward candle and is supported at the support and resistance points.
In an altcoin bull market, it is not a good idea to buy when the price is rising.
You may make a big profit once or twice, but in the end, it will be an opportunity to buy at the highest point.
Therefore, in the coin market
1. In a rising market, when the candle on the 1D chart is a falling candle, check the support at the support and resistance points and buy.
2. In a falling market, the time to buy is when it breaks through the support and resistance points on the 1D chart.
I think points 1 and 2 above apply to the basic trading method.
When an altcoin bull market or bear market is in progress, movements occur regardless of the status of the indicator, so trading is possible using the above trading method even if the indicator is overheated.
However, you should enjoy your investment as prices continue to rise.
A 100% sell in a bull market means that this altcoin will not be traded in the future.
Therefore, the trading method of selling 100% is not appropriate.
Under no circumstances should you stop trading.
This does not mean that you must continue to trade unconditionally.
This means that you must constantly check the chart of the coin you want to trade and constantly observe when to start trading and when to sell.
(4h chart)
The gap between the 5EMA of the 1D chart and the M-Signal indicators of the 1M, 1W, and 1D charts shown on the chart has widened considerably.
Accordingly, it is necessary to determine how this gap can be reduced in the future.
The best way, in my opinion, is to touch the M-Signal indicator on the 1D chart, maintain an upward trend, and move sideways near the current price until the M-Signal indicator on the 1W and 1M charts rises.
I believe that these sideways will make it difficult for individual investors and will naturally encourage selling, providing an opportunity to secure a stable supply.
At the same time, we expect that all high leverage will be liquidated.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Usdtdo
USDT DOMINANCE: Is at support!!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
#USDT DOMINANCE BULLISH Flag formation in 12hr timeframe, currently on support so keep an eye on it.
So far, So Good but In the Worst Case, If the Flag is Breakout, Expect Bullish Wave towards the 10.50%
BULLS NEED TO PULL BACK DOMINANCE BELOW THE UPPER RESISTANCE
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#USDT DOMINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
USDT DOMINANCE ANALYSIS
USDT DOMINANCE make this symmetrical triangle pattern and currently facing upper trandline as a resistance of this triangle the pattern we can expect some drop from here but for a big move A sustain break down or breakout will confirm the next the move of USDT dominance.
Let's see how the market will react in few hours.
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
USDT DOMINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
USDT DOMINANCE ANALYSIS
USDT DOMINANCE make this symmetrical triangle pattern A sustain break down or breakout will confirm the next the move of USDT dominance.
Let's see how the market will react in few hours.
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
#USDT DOMINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
#USDT DOMINANCE UPDATE
USDT DOMINANCE is forming this triangle pattern according to this triangle pattern we can drop up to 4.75% but we have 5.48% as support and 200MA as local support
while a sustain breakdown will confirm the next move.
Let's see how the market will react in a few hours.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
All right guys let’s see what we have?As you know the last knight we bounced from the low timeframe levels for a little bit but it wasn't enough to make the whole #week green here is what I found in the chart, we are maybe about to have a confirmation on a #beautiful #three #drive #patern on both side of the chart #btc and #usdt, so maybe I guess if it gets confirm I could make market green for a couple of days, otherwise,#we #are #going #DOWN!
This TA is just an opinion and plz be careful if you are doing any trades this day!
USDT DOMINANCE WEEKLY UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
have tried my best to bring the best possible outcome in this chart, Do not consider it as an
Let’s get to the chart!
We have price hitting strong supply zone on usdt.D, with this level holding then we have every possible potential to re-test the support zone again.
It will be idea to load some alts here.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Bitcoin (BTC) - June 3Hello?
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(XBTUSD 1W Chart)
We should see if we can move above the 45211.0 point by moving up along the uptrend line (2).
The 33101.0 point is a strong support point.
If it goes down, you should check to see if it finds support at the 27650.0-33101.0 zone.
(1D chart)
You should watch for any movement that deviates from the 32986.0-40600.0 zone.
In particular, we should watch to see if we can move above the uptrend line (2).
It remains to be seen if the 37301.0-38225.0 zone can support and move up.
If support is found in this section, it is expected to touch the 40163.5-42084.0 section, which is the primary resistance section.
If it goes down, you should check to see if it finds support at the 30448.0-32986.0 zone.
If it moves down from the 30448.0 point, it may touch near the 225372.0 point, so trade cautiously.
It needs to rise above the 40163.5 point and find support to turn into an uptrend.
(1h chart)
Notice the movement before and after the time indicated on the chart.
We need to see if we can find support at the 37301.0 level and break through the 37784.5-39948.0 section upwards.
If it goes down, you should check to see if it finds support at the 35784.5-36610.5 zone.
A decline from the 35784.5 point may touch the 32290.5-34107.5 range, so trade cautiously.
It is expected to close without any significant movement during this period of volatility.
However, it remains to be seen whether the current short-term uptrend can be sustained.
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(BTCUSDT 1W Chart)
We need to see if we can move higher along the uptrend line (2) and move above the 45135.66 point.
Point 28923.63 is a strong support point.
So, if it goes down, you should check to see if it finds support at the 28923.63-32259.90 zone.
(1D chart)
It needs to rise above the 40586.96 point and find support to turn into an uptrend.
You should watch for movement out of the range 32974.79-40586.96.
In particular, we should watch to see if we can move above the uptrend line (2).
If support is found in the 37252.01-38150.02 section, it is expected to touch the 40586.96-41950.0 section, which is the primary resistance section.
If it falls from the 30437.40-32974.79 section, you can touch the 25362.63 point, so you need to trade carefully.
However, it is necessary to respond to the important section, 27079.41-28923.63 section, as it may lead to a sharp rise.
(BTCUSDTPERP 1h Chart)
(UTC)
Notice the movement before and after the time indicated on the chart.
You need to make sure you have support at point 37569.33.
I think this is the point where we need support to rise above the 40638.91 point.
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(BTCKRW 1W chart)
We need to see if we can move along the uptrend line (2).
(1D chart)
You should watch for any movement out of the 38483000-47268000 section.
In particular, it remains to be seen if the price can sustain above the 43.40000 point.
To turn into an uptrend, it needs to rise above the 47954000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
If it goes down, you should check to see if it finds support in the 3555000-38483000 zone.
However, if it falls below the uptrend line (2), the downtrend may come out sharply, so careful trading is required.
(Upbit BTCKRW 1D Chart)
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(BTC Dominance (BTC.D) 1D Chart)
We will have to wait and see if we can break below the 43.17 point.
If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.
The movement of altcoins is good enough to say that altcoins are leading the market this year.
Accordingly, we need to look at the movements of major coins.
The next volatility period on the BTC dominance chart is around June 6th (June 5-7).
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(USDT Dominance (USDT.D) 1D Chart)
We will have to wait and see if we can move below the uptrend line.
To continue the upward trend of the coin market, we will have to wait and see if it can drop below the 3.374 point.
The next volatility period on the USDT dominance chart is around June 13th.
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(USDT 1D Chart)
I think the rise in the gap is a sign of money flowing into the coin market.
Conversely, I think that the gap drop is a sign of money being pulled out of the coin market.
If the rise in the gap continues, the coin market is expected to rise in the near future.
If the gap falls continuously, it means that funds are flowing out of the coin market, so careful trading is necessary.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)