Charts believed to influence the coin market

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(IXIC chart)

Among the charts that are considered to have an impact on the coin market, the most referenced chart is the NASDAQ index chart.

(NAS100USD chart)

However, since the coin market operates 24 hours a day, you usually see the NAS100USD chart, or futures chart, rather than the IXIC chart.

Since NAS100USD has just renewed its new high (ATH), it is not easy to predict its future movements.

(1M charts)

Accordingly, future movements should be predicted through the Fibonacci retracement ratio.


If you think it has an impact on the coin market, the NASDAQ index chart must maintain an upward trend in order to maintain the upward trend of the coin market anyway.

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(DXY chart)

Among the charts that are believed to have an impact on the coin market, there is also the DXY chart.

If DXY maintains an upward trend, it can be interpreted that the investment market is slowly slowing down and is likely to enter a recession.

Accordingly, if it rises above 105.873, it is highly likely that the investment market will enter a recession.

I think it should be maintained below 102.089 for the investment market to become active.

Therefore, if DXY rises, it can be interpreted that the coin market is likely to decline.

Conversely, if DXY falls, it can be interpreted that the coin market is likely to show an upward trend.

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(XAUUSD chart)

I think there are many people who see the XAUUSD chart as having an impact on the coin market.

If XAUUSD maintains an upward trend, it can be interpreted that there is a high possibility that the coin market will also maintain an upward trend.

Conversely, if XAUUSD shows a downward trend, it can be interpreted that there is a high possibility that the coin market will also show a downward trend.

(1M charts)

Since XAUUSD is also updating the new high (ATH), it is necessary to make predictions using the Fibonacci ratio.

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I don't think it's a good idea to predict the trend of BTC through the charts above, but it's better to check them only as a reference because they are likely to have an impact if many people refer to them.


In order to know BTC price changes, that is, trends in the coin market, you must ultimately understand the flow of funds.

This is because it is highly likely that the trend will ultimately be determined by whether funds are flowing into or out of the coin market.

Therefore, the charts that should be considered more important than the charts above (IXIC, NAS100USD, DXY, XAUUSD) are the USDT and USDC charts.

Stablecoins such as USDT and USDC will play the main role in moving funds.

Among them, USDT can be seen as having a great influence on the coin market because it has the largest number of trading pairs supported by exchanges around the world.

Therefore, it can be interpreted that if USDT continues to maintain its upward gap, the coin market is likely to show an upward trend.

When you trade in the coin market, a candle is created on the USDT or USDC chart.

I believe that when funds flow into or out of the coin market, a gap occurs.

It's a good idea to understand these points and look at the charts.


No matter what you refer to, the trend will ultimately be determined by whether you receive support or resistance at the support and resistance points on the chart of the item, coin, or token you are trading.

Therefore, before looking at the charts above, you must have marked support and resistance points on the 1M, 1W, and 1D charts of the chart you wish to trade.

Since we are traders, not analysts, we only need to create a trading strategy and trade using the support and resistance obtained through chart analysis.

Anything more than that will only end up influencing your subjective thoughts and creating trading strategies in the wrong direction.


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 zone, you should check the movement when this zone 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

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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:

USDC appears to have fallen by a gap.

Accordingly, there is a possibility that some volatility may occur in the coin market.

Since a gap drop means that funds have flowed out of the coin market, there is a possibility that the coin market will temporarily decline.

However, since USDT remains the same, it can be interpreted that there is little chance of significant changes in the coin market.

If BTC dominance falls below 50 and remains below 50, and USDT dominance remains below 5.89, an altcoin bull market is likely to begin.

Meanwhile, when USDT dominance falls below 4.97, a full-fledged altcoin bull market is expected to begin.