Expected flow during this volatility period
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USDT, USDC seem to have gapped up as the weekend approaches.
I think the gapped up is a sign of funds flowing into the coin market.
The rise in USDT dominance is likely to lead to a decline in the coin market.
However, since funds flow into the coin market through USDT, I think that USDT dominance will show an upward trend in the medium to long term when considering it from a medium to long term perspective.
When funds flowing into the coin market purchase coins and tokens, USDT or USDC flow back into the exchange, which is expressed as a decline in USDT dominance.
Therefore, I think that in order for a large bull market in the coin market to begin, USDT dominance will start to decline after a large rise.
In that sense, the 4.97 point of USDT dominance is expected to be an important turning point.
If USDT dominance rises above 6.39, the coin market is likely to show a large decline.
I think that if it rises above 6.39 and then falls to the 4.97-6.39 range, the coin market is likely to form a bottom range.
My personal hope is that it will fall after receiving resistance near 6.39 ~ Fibonacci ratio 0.75.
If that happens, I think the coin market will already be on an uptrend before it is recognized as a bottom.
We need to see whether individual investors will recognize it as a bottom and give them a buying opportunity, or whether they will not give them a buying opportunity.
In that sense, I expect the volatility period around September 13 to be a meaningful period.
In fact, this volatility period is the period set on the 1W chart.
Therefore, the actual volatility period is the week before and after September 16.
In other words, if expressed as a 1-day period, it corresponds to September 9-29.
The strong support zone is expected to be around 42K-43K.
I think this is the zone that most people are expecting.
Therefore, if we give individual investors a buying opportunity as I mentioned earlier, I think it will touch around 42K-43K.
If we do not give individual investors a buying opportunity, it is expected to turn upward near the M-Signal indicator on the 1M chart.
In other words, it is expected to touch around the Fibonacci ratio of 0.707 (48064.07) ~ 0.786 (51606.42) and turn upward.
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When looking at the NAS100USD chart, we need to check if the StochRSI indicator enters the oversold zone again when a new candle is created.
The important zone is the 17854.8 point.
If it falls below this point, it is likely to touch the Fibonacci ratio 0.618 (17141.4) on the right.
Therefore, I expect the trend to form after the volatility period of BTC that I mentioned earlier.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after it rises above 29K.
The expected range to touch in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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