Significance of Uptrend Line (1)
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** 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.
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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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
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 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)
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)
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
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.
---------------------------------
Comment:
(BTCUSDT.P chart)
On the 1W chart, the HA-High indicator is about to be created at 27486.4.
Therefore, it is necessary to check whether it is supported near point 27486.4.
(1h chart)
Therefore, it is necessary to check whether it is supported near point 27486.4.
(1h chart)
Comment:
It is judged that it may correspond to the circle section marked on the chart.
If it falls from the current sideways, the key is whether it can touch the area around the M-Signal on the 1M, 1W chart and rise.
When M-Signal is touched, the HA-Low indicator is expected to rise.
Therefore, if support is confirmed near the HA-Low indicator, then it is expected that it will be a good time to buy.
Therefore, when M-Signal is touched, the HA-Low indicator is expected to rise.
When I knew it was a pull back pattern, it was when it formed a bottom and rose to the area where the pull back pattern started.
Therefore, it is unknown if the current shape forms the bottom of a pull back pattern.
What you need to find out is a secondary indicator.
I think that by checking whether the shape of the indicator turns into an upward trend, you can prepare the basis for the pattern, trend, support and resistance, etc. you are thinking about.
Aggressive buying is possible using this, but the risk burden increases accordingly, so you must select a stop loss point and proceed with the transaction.
As I said before, being able to see how you turn means the same as saying you have to see these movements.
Therefore, it can be seen that the section where you can check the turn and proceed with aggressive buying is when the MS-Signal index rises or higher.
If it falls from the current sideways, the key is whether it can touch the area around the M-Signal on the 1M, 1W chart and rise.
When M-Signal is touched, the HA-Low indicator is expected to rise.
Therefore, if support is confirmed near the HA-Low indicator, then it is expected that it will be a good time to buy.
Therefore, when M-Signal is touched, the HA-Low indicator is expected to rise.
When I knew it was a pull back pattern, it was when it formed a bottom and rose to the area where the pull back pattern started.
Therefore, it is unknown if the current shape forms the bottom of a pull back pattern.
What you need to find out is a secondary indicator.
I think that by checking whether the shape of the indicator turns into an upward trend, you can prepare the basis for the pattern, trend, support and resistance, etc. you are thinking about.
Aggressive buying is possible using this, but the risk burden increases accordingly, so you must select a stop loss point and proceed with the transaction.
As I said before, being able to see how you turn means the same as saying you have to see these movements.
Therefore, it can be seen that the section where you can check the turn and proceed with aggressive buying is when the MS-Signal index rises or higher.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
However, since the M-Signal indicator of the 1M and 1W charts is located in the 24294.1-25882.9 section, if you think about entering a full-fledged position from a larger picture,
- If resistance is confirmed in the 24294.1-25882.9 section, you can enter the 'SHORT' position.
- If you can confirm that you are supported in the section 28951.7-30181.8, you can enter the 'LONG' position.
Currently, a 'SHORT' position to enter around 28951.7 is in progress, but if you touch 5EMA on the 1D chart, it is recommended to sell some or close the trade to finalize your profit.
The larger the box range, the more likely it is that it will be difficult to trade.
Therefore, I think it's good to check the way out of the box area and proceed with the transaction.