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(BTCUSDT 1M chart)
A new candle has been created.
The 42283.58 point is an important point and forms the volume profile section.
Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59.
If that happens, the next resistance area is expected to be the Fibonacci ratio range of 0.886-1.0.
If it falls below 42283.58, it is expected to maintain an upward trend only if it receives support around 37253.81.
(1W chart)
What is important to look at in the 1W chart is whether the price can be maintained above the HA-High indicator on the 1W chart.
The HA-High indicator is currently at 42141.24.
Accordingly, it can be seen that the section 42141.24-42283.58 corresponds to an important point.
As the price moves, trend lines are created, and you can see that it is moving within the rising channel of the rising trend lines (2)-(3).
Channeling doesn't actually have any special meaning, so it's best not to worry about it too much.
I think it just applies to the display method in chart analysis.
By combining this rising channel with the points mentioned above, we can calculate a period of volatility to some extent.
In that sense, the period of volatility on the 1W chart is expected to be around the week of March 11th.
(1D chart)
The key is whether the price can be maintained by rising above the psychological resistance zone of 43160.043823.59.
Accordingly, it is necessary to check whether the downward trend line (1) and (1-1) can be broken upward.
An upward trend line (2) is formed near the important point of 42141.24-42283.58, so it is important not to fall below this trend line.
If it falls below 41732.35, you need to check whether it can rise with support in the 39845.44-42053.66 range.
In any case, what is important is which direction it deviates from the 42141.24-43823.59 range, which is the range located during the period of unusual volatility (until February 8).
Even if it rises beyond the psychological range, there is a possibility of resistance in the 44200.0-47600.0 range, but if it rises this time, it is expected that it will succeed in breaking upward.
The reason is that funds are continuously flowing into the coin market.
If altcoins rise along with the price of BTC, it means that they have risen above a critical point.
In that case, if BTC dominance shows a decline, altcoins are expected to continue their upward trend.
On the other hand, if BTC dominance shows an upward trend, altcoins are likely to gradually sideways or decline.
Therefore, if you buy wrongly when an altcoin is rising, you may suffer, so it is better to buy before it rises or wait until BTC dominance shows a decline.
Have a good time.
thank you
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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.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT 1M chart)
The 42283.58 point is an important point and forms the volume profile section.
Accordingly, the key is whether it can receive support around 42283.58 and rise above 43823.59.
If that happens, the next resistance area is expected to be the Fibonacci ratio range of 0.886-1.0.
If it falls below 42283.58, it is expected to maintain an upward trend only if it receives support around 37253.81.
(1W chart)
The HA-High indicator is currently at 42141.24.
Accordingly, it can be seen that the section 42141.24-42283.58 corresponds to an important point.
As the price moves, trend lines are created, and you can see that it is moving within the rising channel of the rising trend lines (2)-(3).
Channeling doesn't actually have any special meaning, so it's best not to worry about it too much.
I think it just applies to the display method in chart analysis.
By combining this rising channel with the points mentioned above, we can calculate a period of volatility to some extent.
In that sense, the period of volatility on the 1W chart is expected to be around the week of March 11th.
(1D chart)
Accordingly, it is necessary to check whether the downward trend line (1) and (1-1) can be broken upward.
An upward trend line (2) is formed near the important point of 42141.24-42283.58, so it is important not to fall below this trend line.
If it falls below 41732.35, you need to check whether it can rise with support in the 39845.44-42053.66 range.
In any case, what is important is which direction it deviates from the 42141.24-43823.59 range, which is the range located during the period of unusual volatility (until February 8).
Even if it rises beyond the psychological range, there is a possibility of resistance in the 44200.0-47600.0 range, but if it rises this time, it is expected that it will succeed in breaking upward.
In that case, if BTC dominance shows a decline, altcoins are expected to continue their upward trend.
On the other hand, if BTC dominance shows an upward trend, altcoins are likely to gradually sideways or decline.
Therefore, if you buy wrongly when an altcoin is rising, you may suffer, so it is better to buy before it rises or wait until BTC dominance shows a decline.
Have a good time.
thank you
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Comment:
(BTCUSDT.P 1h chart)
You need to check whether the price can be maintained by rising above the downtrend line (1-1).
The 5EMA and M-Signal indicators on the 1D chart are rising.
Accordingly, if it does not rise above the downtrend line (1-1) this time, volatility is expected to occur as it touches the 5EMA on the 1D chart.
At this time, if it continues to decline, the key is whether it can receive support and rise near the rising trend line (2).
Since the HA-High indicator on the 1D chart is formed at the 43477.9 point, if it rises above this point and shows support, it is expected to lead to an attempt to rise above the downward trend line (1).
Since the 42164.9-43993.4 section is near an important section on the BTCUSDT chart, the trend is expected to continue away from this section.
The 5EMA and M-Signal indicators on the 1D chart are rising.
Accordingly, if it does not rise above the downtrend line (1-1) this time, volatility is expected to occur as it touches the 5EMA on the 1D chart.
At this time, if it continues to decline, the key is whether it can receive support and rise near the rising trend line (2).
Since the HA-High indicator on the 1D chart is formed at the 43477.9 point, if it rises above this point and shows support, it is expected to lead to an attempt to rise above the downward trend line (1).
Since the 42164.9-43993.4 section is near an important section on the BTCUSDT chart, the trend is expected to continue away from this section.
Comment:
On January 30th, the StochRSI indicator peaked and then fell.
Accordingly, the psychological resistance range of 43160.0-43823.59 corresponded to the split selling range.
If today's candlestick falls further, the StochRSI indicator will fall below 70.
Accordingly, you should consider whether to sell additionally depending on where the candle closes today.
Additionally, you should also consider response methods based on MS-Signal indicators.
According to chart analysis, the currently important section for trading is the 42141.24-43823.59 section.
Accordingly, we respond when the price sideways in the current section and deviates from this important section around February 7th (maximum February 8th) during the volatility period.
Therefore, the final selling point is when it falls below 42141.24 and shows resistance.
When you see support in an important section, it is time to buy.
Therefore, caution is needed when trading during the volatility period (around January 30th - February 7th) as it is quite difficult to distinguish between them.
Accordingly, the psychological resistance range of 43160.0-43823.59 corresponded to the split selling range.
If today's candlestick falls further, the StochRSI indicator will fall below 70.
Accordingly, you should consider whether to sell additionally depending on where the candle closes today.
Additionally, you should also consider response methods based on MS-Signal indicators.
According to chart analysis, the currently important section for trading is the 42141.24-43823.59 section.
Accordingly, we respond when the price sideways in the current section and deviates from this important section around February 7th (maximum February 8th) during the volatility period.
Therefore, the final selling point is when it falls below 42141.24 and shows resistance.
When you see support in an important section, it is time to buy.
Therefore, caution is needed when trading during the volatility period (around January 30th - February 7th) as it is quite difficult to distinguish between them.
[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/
If the price holds above the MS-Signal indicator, it is likely to maintain an upward trend.
On the other hand, if the price stays below the MS-Signal indicator, the downtrend is likely to continue.
Therefore, we can see that the current trend is upward.
However, since the StochRSI indicator is showing signs of falling in the overbought zone, you should check whether it is supported or resisted at the support and resistance points or sections indicated at the current price position.
Therefore, the important question is which direction it deviates from the important section of 42141.24-43823.59.
If it continues to decline and falls below the rising trend line (2), that is, if it shows resistance around 41732.35, there is a high possibility that it will turn into a short-term downtrend, so a stop loss is necessary.
Otherwise, if it receives support and rises around 42141.24-28283.58, it is likely to sideways in this important area.
This volatility period lasts until February 8th, so you can check if it deviates from the important range during this time.
I think that articles analyzing futures charts tend to be a bit exaggerated, unlike articles analyzing spot charts.
I think the reason is that forced liquidation exists during futures trading, making it sensitive to fluctuations.
Therefore, if you mainly trade spot transactions, I think you need to be careful when referring to futures chart analysis.
Even if the StochRSI indicator falls in an overbought zone, there is a possibility that it will rise further if it falls in an important zone and does not show resistance.
Therefore, you should always react at support and resistance points or sections according to whether you are receiving support or resistance.
Auxiliary indicators should be used to verify whether support or resistance is received at support and resistance points or sections.