readCrypto

Important first support section: 21023.14-21853.06

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.

(USDT chart)
Funds continue to flow into the coin market via USDT.


(USDC 1D chart)
Money is also flowing into the coin market through USDT.


With USDT and USDC, it must be seen under the premise that the coin market will continue to rise whether it is falling or rising.



(BTC.D 1W chart)
Even though the BTC price has fallen, BTC dominance is showing a decline.

It can be seen that the expectations for the rise of the coin market are quite high.


(USDT.D 1D chart)
A rise above 6.90-7.27 is expected to cause the coin market to plummet.

A rise in USDT dominance means a fall in the coin market.

The next period of volatility is around March 3rd.

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(BTCUSDT 1D chart)
Will the drop in BTC give us a good chance? I think this is important.

I don't think this drop will start a bear market again.

I think a pullback up to around 17.8K is possible as a shaker for the medium and long term trend reversal.

If not,
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
It is expected to be supported near the 1st and 2nd above and form a range section.

Therefore, the range of fluctuation in this range section is expected to be between 15% and 30%, and the range of fluctuation will decrease over time.


If the above scenario is not the case, it is expected to show support and rise around 21023.14-21853.06.

This is because the 21023.14-21853.06 section consists of the HA-Low of the 1M chart and the HA-Low of the 1W chart, and is a section that can be purchased from a mid- to long-term perspective.

Therefore, if the current decline continues, it is necessary to check whether the trading volume increases as it gets closer to the 21023.14-21853.06 section or if there is a whipsaw-like movement that shakes up and down.

I think this is one of the most important moves to watch because it can form a support zone due to such a rapid movement or increase in trading volume.


In any case, this decline should be the starting point for buying for next year's bull market.

To do so, a trading strategy must be created on how to proceed with the purchase.

You need to create your trading strategy before the move is made so you don't make the mistake of creating your trading strategy according to the market flow.


As mentioned in the futures chart (BTCUSDTPERP), the volatility period is around February 25 (February 24-26).

So, you need to see what moves come out of this period of volatility.

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(BTCKRW chart)
Since it has not fallen below the MS-Signal indicator on the 1D chart, the key is whether it can quickly rise above 31468000.

If not, you should check for support around 29639000.

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- 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.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Komentarz:
(BTCUSDTPERP 1h chart)
Positions that require quick response are 'S2' and 'L2'.

The full-fledged position entry is 'S1' and 'L1'.

Currently both position entries are equal.

Therefore, it is recommended to trade at the split selling point corresponding to the position that requires a quick response while referring to the split selling point for full-fledged position entry.

The reason, as mentioned in the text, is that funds are continuously flowing into USDT and USDC.

This is because it is a market that has the power to change the trend at any time.

I think you need a strategy to cut short and eat.
Zlecenie aktywne:
When the M-Signal or 5EMA of the 1D chart is touched, it is recommended to close the transaction or sell some of it and observe the situation.

Currently, the 'SHORT' position is in progress, and the first sale has been made by touching the vicinity of T1.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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