Let’s Create Long-term Lows For BINANCE:BTCUSDT By ReadCrypto
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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 of the coin market is known.
(USDT 1D chart)
I need to see if I can keep it at 66.442B or higher.
( USDC 1D chart)
I need to see if I can come up with a gap rise in the 44.07B-44.807B range or more.
The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.
( BTC .D 1W chart)
It is necessary to check whether the solid (liquidity) uptrend can be continued by falling after receiving resistance in the 43.75-45.68 section.
If it rises above 45.68, there is a possibility of a strange market trend in which BTC alone rises.
As a result, there is a possibility that altcoins may move sideways or fall, so you need to think about countermeasures.
(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.
As it fell below 7.27, there is a pumping of altcoins that makes you think it was a bull market.
If it starts to fall around 6.21, it is expected that a market will be formed where you will buy without thinking about a trading strategy, thinking that you can’t wait any longer even if the price is soaring.
Therefore, the possibility of the formation of a peak in the coin market will increase.
If the USDT chart doesn’t show a consistent rise in the gap, I think it’s likely that the uptrend is short-lived and falls.
However, if USDT rises above 68.468B due to a continuous gap increase, I don’t think there will be any need to worry about this for the time being.
( BTCUSDT 1W chart)
Therefore, if the HA-Low indicator shows support, it means that a bottom has been made.
The HA-High indicator is an indicator that gives you a tradable spot created by a combination of 70 and Heikin Ashi.
Therefore, if resistance is confirmed in the HA-High indicator, it means that a high has been made.
in a different way
If resistance is confirmed in the HA-Low indicator, it means that a new point can be created,
If the HA-High indicator shows support, it means that a new high could be made.
At 21023.14, the HA-Low indicator on the 1M chart is looking to be created.
The HA-Low indicator on the 1M chart is created at 21023.14, which means that it is a point where buying is possible from a long-term perspective.
From a mid- to long-term perspective, it can be seen that the price has turned to an uptrend as it breaks away from the downtrend line (1) and rises above the MS-Signal indicator.
In this situation, if the price rises above the HA-Low indicator on the 1M chart and maintains the price, it is expected that the upward trend will be maintained.
In that sense, I think it is highly likely to show a sideways movement in the maximum range of 17.8K-26K and minimum 19.6K-22.9K.
A drop below 17.8K and below the downtrend line (1) would prove that the current rise was a rebound to the downside.
As mentioned in the 1W chart, the 21023.14-21853.06 section is a section formed by the HA-Low indicator.
Therefore, if it rises to this area and holds the price, there is a possibility of forming a bottom.
(You may say, “This is the high point, but how is it the low point!”, but the 21023.14-21853.06 section is formed by the HA-Low indicators on the 1M and 1W charts, so it means that it is a low point from a mid- to long-term perspective.)
In any case, from a short-term perspective, the 21023.14-21853.06 section is bound to come as a large resistance section.
Therefore, buying pressure should increase to cross this range.
Therefore, if it rises and fails to gain support, it will be more likely that the price will fall in order to increase buying pressure.
when it goes down,
1st : around 20050.02
2nd: Around 19176.93
It is necessary to check whether it is supported in the 1st and 2nd sections.
If it rises above 21023.14 and holds the price,
1st: Around 21853.06
2nd: Around 22487.41
It is necessary to check whether resistance is received in the 1st and 2nd sections.
It looks like the HA-Signal indicator on the 1M chart is falling around 26K.
Therefore, if it surges, be careful as there is a possibility of a sharp decline while touching the HA-Signal indicator on this 1M chart.
This movement is the basis for the possibility of consolidation in the maximum range of 17.8K-26K mentioned in the 1W chart description.
– big picture
I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K .
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)