readCrypto

Next fluctuation range: 41350.0-46431.50

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT chart)
This period of volatility runs until December 26th.

The fluctuation range is 39845.44-45135.66.

However, it is showing resistance around the psychological resistance range of 43160.0-43823.59.


(1D chart)
The next period of volatility will be around January 16th.

However, there is a period of mild volatility between around January 1st and around January 5th.

The fluctuation range at this time is 41350.0-46431.50.


If it fails to rise above 43823.59, the 41350.0-42278.03 range is expected to be the support zone since the MS-Signal indicator has risen above 43053.66.

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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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Comment:
#BTC.D 1D
It is necessary to check whether it can fall below the M-Signal indicator on the 1W chart and meet resistance at 51.17.
Comment:
#BTCUSDT 1D
As this period of volatility comes to an end, we touch on the MS-Signal indicator.

Accordingly, 41350.0-42278.0. You need to check whether you can receive support nearby and rise.

The next period of volatility is around January 16th, but we need to see if it leads to a move out of the 41350.0-46431.50 range around January 1st-5th.

If it falls below 39845.44,
1st: 37253.81-38531.90
2nd: 32917.17-34110.32
You need to check whether you are supported in the first and second sections above.


Because it is close to the psychological resistance range of 43160.0-43823.59, it is not easy to buy even if it shows support around 41350.0-42278.03.

Therefore, a strategy of aggressive buying is needed and selling when resistance appears in the 43160.0-43823.59 range.

At this time, you can choose whether to sell 100% and receive a cash profit, or sell as much as the purchase principal and increase the number of coins (tokens) corresponding to the profit.


When purchasing in installments, most purchases are made in quantity in the stock market.

The reason is that you have to trade in weekly increments.

Therefore, when the price falls, if you want to purchase more, you must purchase as much as the previous purchase quantity x 2, causing the average purchase price to fall significantly.


However, the coin market has a decimal transaction unit.

Therefore, you can purchase in installments equal to the initial purchase amount.

Although the average purchase price may not fall significantly because purchases are not made at a doubling rate like in the stock market, if the purchase price is selected well, the average purchase price can be significantly reduced even if the purchase amount is the same.


Therefore, it may not be advisable to apply the trading strategy you use in stocks to the coin market, so you should try to create a trading strategy tailored to the coin market.
Comment:
#USDT 1D

#USDC 1D
USDC appears to have fallen by a gap.

Accordingly, it appears that funds were flowing out of the coin market through USDC.


You can see that USDT is in sideways movements and the funds coming in through USDT are staying the same.


Therefore, once the outflow of funds through USDC is completed, the coin market is expected to rise again.


#BTC.D 1D
It is necessary to check whether it remains below the M-Signal indicator on the 1W chart and falls below 51.17.

#USDT.D 1D
If USDT dominance remains below 5.89 and BTC dominance falls below 50, an altcoin bull market is expected to begin.
Comment:
If you want to buy an altcoin before the altcoin bull market begins, first look for altcoins whose candles on the 1D chart are down candles.

Also, see if you can identify support and resistance points on the altcoin chart you are looking at.

If the candle on the 1D chart is a downward candle and there are support and resistance points at the current price position, check to see if there is support at those points.

Then, see how it moves the next day.

If you continue to do this, you will naturally be able to find altcoins that you can buy.


Once you find an altcoin that you can purchase, you need to consider whether it is an altcoin that is expanding the coin ecosystem.

If you click on the coin (token) on the site where you can check the coin market capitalization ranking, you will find information called tags.

In this information section, you can see which coin ecosystem it is included in.

As shown in the example, we can see that SOL coin belongs to the Solana ecosystem.

Therefore, the representative coin of the Solana ecosystem is SOL.

If the number of coins (tokens) included in the ecosystem is increasing, the coin ecosystem can be said to be expanding.
Comment:

The key is whether the price can be maintained and rise near the MS-Signal indicator on the general candle 1D chart.

Therefore, the 41271-41968 section corresponds to the support section.

Looking at the Renko 1D chart, we can see that the upward trend has not stopped yet.

However, since it has entered the support and resistance zone, it is necessary to check future movements.


The key is whether the price can be maintained by simultaneously breaking upward through the HA-Low indicator and the MS-Signal indicator on the general cantle 1h chart.

If that happens, there is a higher possibility that it will turn into a short-term upward trend.

However, since the 5EMA on the 1D chart is passing through the 42800-43039.3 range, if it fails to rise above this range, a support test may be made near the MS-Signal indicator again.

An attempt is being made to break above the Price Channel top of the Renko 5m chart.

Therefore, we need to check whether we can successfully break upward.

If not, you should check if it is supported near the MS-Signal indicator, that is, around 42350.0.


Considering the above, it seems that an attempt is being made to change the trend.
Comment:
#BTC.D 1D

#USDT.D 1D

If USDT dominance remains below 5.89 and BTC dominance continues to decline below 51.17, I think we should prepare for an altcoin bull market.

If BTC dominance shows signs of falling below 49.50, altcoins are expected to record a large upward trend.

If it pretends to fall below 49.50 and then surges above 51.17, the coin market is likely to see a price adjustment, so you should also think about how to respond.

However, if USDT dominance remains around 5.89 at this time, I think it is unlikely that the coin market will turn into a downward trend.

An altcoin bull market refers to a bull market in which anyone can make a profit by purchasing any altcoin.
Comment:
In an altcoin bull market, BTC is likely to move sideways.
Additionally, I think it is better to trade ETH rather than trying to profit with BTC as it can move quite slowly.

This is because in an altcoin bull market, ETH is more likely to dominate the market more often than BTC.
Comment:
(question)
What happens if BTC dominance spikes right around 50?

(answer)
#USDT 1D
I think that in order for the coin market to turn into a downward trend, there must be an outflow of funds from the coin market in advance.

However, currently USDT continues to gap upward.

Therefore, I believe that funds are continuously flowing into the coin market.

In this situation, if there is a force trying to adjust the price, it will only have the effect of having your coins taken away.


#BTC.D 1D
Therefore, even if BTC dominance pretends to fall below 50 and then rises again, if there is no withdrawal of funds, the upward trend will continue soon.

Therefore, I think that not doing anything right now is like letting a good opportunity pass away.

It is recommended to make a minimum purchase, that is, an aggressive purchase and buy before the price rises sharply.
Comment:
(opinion)
It is a good idea to buy, but not right now because prices are very high, wait like at least USDT dominance 5.6%. Those are really good indicators (dominance charts). I wish I could know them earlier

(answer)
If you think the price is high, you can't do anything.

So, what I am saying is that you should buy aggressively, that is, buy to the extent that you will not experience much psychological disturbance even if the price fluctuates by -20% to +20%.

To say this again, you must make a purchase equivalent to a scout for the coin (token) you want to purchase.

Otherwise, even if the price falls, you will be waiting for it to fall further.

Then you will never be able to buy it.


The best time to buy is when the candle on the 1D chart is a downward candle.

However, you need to check for support at support and resistance points.

Thinking about how to purchase in installments and how to reduce the average purchase price - these thoughts are part of the trading strategy.

Trading only by looking at the price shown through chart analysis is more likely to miss the right time to trade due to subjective thoughts.

Therefore, the idea is to create a trading strategy and start trading by judging what kind of movement is being shown at the support and resistance points at the current price rather than the price shown.


This is because it is never a good trading method to close all purchases with one purchase and wait for them to rise without a trading strategy.
Comment:
#BTCUSDT 1D
The StochRSI indicator is expected to enter the oversold zone.

Even so, if the BW indicator continues to remain in the overbought range and maintains the price above 42278.03, the key is whether the price can be maintained by rising above the 43160.0-43823.59 range when it leaves the oversold range.
Comment:
#BTC.D
Attempting to break below 51.17.

A decline in BTC dominance means that altcoins are being traded more than BTC.

Therefore, fakes or whipsaws may frequently occur in BTC.

Therefore, I think it is not a good idea to judge the overall trend of the coin market by looking at BTC’s volatility.

All you need to do is look at the BTC chart as a whole, look for large sideways, and see if you can break away from that area.

We need to see if we can meet resistance around 51.17 and continue the decline.


#USDT.D
A falling USDT dominance means the coin market is on the rise.

Therefore, if USDT dominance remains below 5.89, the coin market is expected to maintain an upward trend.


I think it is time to think about how to prepare for an altcoin bull market.
Comment:
The reason I don't publish new ideas is for the sake of those who follow me and see my ideas on a regular basis.
Comment:
#BTCUSDT 1W
As the new week began, the StochRSI indicator entered the oversold zone.

Accordingly, we need to check whether the candle can close as a rising candle this week.

(1D)
The period of volatility is expected to last from around January 1st to around January 5th.

Accordingly, a period of volatility is expected to last up to December 31-16.

At this time, the expected fluctuation range is 41350.0-46431.50.


Therefore, if it falls below 41350.0, a response to the decline is necessary.

Especially if it falls below 39845.44,
1st: 37253.81-38531.90
2nd: 23917.17-34110.32
You need to check if you receive support near the first and second levels above.


If the price rises above the 43160.0-43823.59 range and maintains the price, it is expected to show a move to break upward through the 44200.0-47600.0 range, which is the second resistance range.

At this time, if the price is maintained around 46431.50 until around January 16th, it is expected to break upward through the second resistance zone.


As mentioned in the 12M chart analysis, you can see that in order to start a major uptrend, a pull back pattern must appear first.

Therefore, you need a trading strategy that allows you to adjust the proportion of your current investment to earn profits and retain cash.

[Example of exchange chart setup]

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

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