readCrypto

Significance of the 28923.63-26574.53 section

readCrypto Mod Updated   
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)

(USDC chart)

(BTC.D 1W chart)

(USDT.D 1D chart)


Still, USDT and USDC are moving in opposite directions.

When USDT rises, the coin market is likely to rise.

However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline.


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.


We need to see if the USDT dominance can break away from the uptrend line (1) and the downtrend line (2).

In particular, it is necessary to check whether it is out of the 6.85-7.27 range.

Since USDT dominance is currently moving sideways, it can be seen that the overall movement of the coin market is moving sideways.

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(BTCUSDT chart)



(1W chart)
The question is whether it can hold the price around 26574.53 and rise above 32259.90.

If it falls below 26574.53, you should check for support around 20862.47, i.e. near the HA-High indicator.


Keeping the price above the M-Signal indicator on the 1M chart means that there is a high probability of continuing the uptrend from a long-term trend perspective.



(1D chart)
It is important to keep the price above 26574.53 (26013.28-27079.41) and rise above 28923.63.

To do that, we need to make sure it has support around 27662.82.


Since it is sideways, I expect it to move similarly until it breaks out of the 26013.28-28923.63 zone.

The next volatility period is on or around April 7th, so you need to check beforehand to see if there is any movement away from the 26013.28-28923.63 area.


As BTC dominance rises, the difference between the BTC price and the price movement, or slope, of altcoins will increase.

Therefore, it is BTC or ETH that we should pay attention to right now because the purchase of altcoins is possible until the BTC price is around 43K.

This is because these two coins are the time to focus on buying in preparation for the BTC halving next year.

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(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.

The volatility period runs through April 3rd.

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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.

** 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.

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Comment:
(BTCUSD 1D chart)
Since it has entered the Bollinger Bands, it is expected that volatility will occur while touching the MS-Signal indicator.
Comment:
(BTCUSDT 1D chart)
Same as what was explained before.
We need to make sure it is supported around 27662.82.
Volatility is expected as it appears to have touched the MS-Signal indicator.
Comment:
Looking at the 1M chart, it shows that the volume profile is forming again around 28923.63.

Looking at the candlestick on the 1W chart, it is showing a consolidation for the third week with a doji candle.

Therefore, it is expected that large volatility will occur depending on which direction you deviate from the section you are currently in.


The section is 26013.28-28923.63

Among these sections, the key section is the section 26574.53-27662.82.

I think it is highly likely that the direction will appear depending on whether it is supported above this key section or resisted below it.

Since the price is currently holding above 26574.53-27662.82, it can be said that there is a high possibility of an uptrend.

However, when the MS-Signal indicator rises and touches, volatility may occur, so you need to be careful about this.

After breaking above the MS-Signal indicator on March 13, it touched the MS-Signal indicator for the first time on April 3.

Therefore, it is expected that the possibility of continuously touching the MS-Signal indicator will increase in the future.

Accordingly, it is necessary to pay attention to the volatility around April 7th.
Comment:
There are no volatility issues.

The key is whether it can get support around 27662.82 and rise above 28923.63.

If not, you should check for support around 26574.53 (26013.28-27079.41).

The onset of volatility is expected to start when the MS-Signal indicator touches.

Accordingly, the volatility period is expected to touch the MS-Signal indicator around April 7 (April 6-8).
Comment:
(BTCUSDT chart)

(BTCUSDT.P chart)

Looking at the volatility period on the BTCUSDT chart and the BTCUSDT.P chart, it is around April 7th and April 10th.

Therefore, we expect a period of volatility around April 7-10 (up to April 6-11).

Therefore, during this volatility period, it is necessary to check whether there is a movement out of the 26013.28-28923.63 area.


If it does not, it is important to find support around 27662.82 (the point of the HA-High indicator on the 1D chart).


(BTCUSDT 1D chart)
Looking at the StochRSI indicator on the BTCUSDT 1D chart, it shows that it is trying to reverse direction without falling into the oversold zone.

Therefore, when the support appears around 27662.82, it is necessary to check whether the StochRSI indicator rises by more than 50 points.

When the StochRSI indicator makes waves without entering the oversold or overbought zone, it means that the balance of power is forming.

Therefore, when this balance of power is broken, it is expected that greater volatility will occur because the power accumulated while balancing the power will be released.
Comment:
We will explain when a new candle is created.

Comment:
(USDT chart)
Volatility is shown on the USDT chart.

USDT is a stablecoin that has a great influence on the coin market.

Therefore, if USDT turns to a downtrend, the coin market is expected to plunge, so you need to think about countermeasures.
Comment:
(USDT 1D chart)
We believe that gaps in Market Cap charts such as USDT and USDC are a phenomenon in which funds flow in and out of the coin market.

And, the rise and fall of the candlestick is regarded as the movement of funds by trading.

Therefore, it is highly likely that the occurrence of the current candlestick is due to volatility caused by trading.

therefore,
1. Gap Occurrence State
- When it rises, funds flow into the coin market
- Funds flow out of the coin market in the event of a decline

2. Occurrence of rising and falling candlesticks
- Increase in USDT due to selling trades when it rises
- Decrease in USDT due to buying trades when falling


It is necessary to confirm how the volatility of USDT this time will approach the coin market in the future.
Comment:
(BTCUSDT 1D chart)
Looking at the 'Strength' sub-indicator,
You can see that the Stochastic indicator finally broke out of the overbought zone.

And, the StochRSI indicator entered the oversold zone.

Therefore, it became important to be able to get support around 27662.82 and rise.

If it breaks below 27662.82, you should check for support near 26574.53 (26013.28-27079.41).

Therefore, until the StochRSI indicator breaks out of the oversold zone, you should check if it finds support in the current zone.


This volatility period runs through April 8th.

So, you need to look at where today's candle closes.


The next period of volatility is around April 23rd.
Comment:
(BTCUSDT chart)
It is necessary to check whether it can be supported near 27662.82, near the MS-Signal indicator.

If it falls below the MS-Signal indicator and shows resistance, it is important whether it is supported by the M-Signal indicator on the 1M chart around 26574.53.


A drop below 26013.28 is expected to touch around 24376.02 near the M-Signal indicator on the 1W chart.


This time around 27662.82, we should note the volatility that will occur.


(BTCUSDT.P 1D chart)
Since this volatility is expected to occur on the BTCUSDT.P chart, i.e. the futures chart, you should check whether it is supported or resisted at the support and resistance points on the futures chart.

So, you need to make sure it gets support around 27102.7-27656.1.


(USDT 1D chart)

(USDC 1D chart)

Since the volatility of the USDT chart is highly likely to cause it to deviate from the 25882.9-28951.7 (based on the BTCUSDT.P chart), a countermeasure is needed.


I'll tell you more about the idea tomorrow.

[Example of exchange chart setup]

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

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