Coin market about to face a good opportunity
Updated
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(USDT 1D chart)
(USDC 1D chart)
USDT and USDC are showing a simultaneous rise in gap.
Accordingly, we can see that a lot of funds are flowing into the coin market.
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(BTC.D 1D chart)
(USDT.D 1D chart)
With funds flowing into the coin market, one cannot help but wonder why altcoins are lowering their prices on their own.
It may be seen as preparation for a plunge in the price of BTC, but for that to be the case, the movement of the price of BTC is at the level of ordinary sideways.
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(BTCUSDT 1D chart)
On that basis, there is no change in the MS-Signal indicator yet.
However, since the MS-Signal indicator has risen near the current price, the possibility that BTC will show significant volatility in the near future is increasing.
Accordingly, it is believed that there is a growing possibility of movement out of the 34786.17-37779.56 range around the volatility period around November 26 (November 25-27).
If there is no movement during the volatility period around November 26th, the next volatility period is around December 9th, so I think there is a possibility of forming a trend across these two volatility periods.
We are hoping to see the following movements.
(1W chart)
It receives resistance around 38531.90 and falls, falling as much as possible, and then receiving support and rising around 29241.72-30767.38.
This is because I think there is a high possibility that it will lead to an additional upward trend even if it rises above 43K.
We hope that this movement will continue until the BTC halving, creating a major bull market and renewing all-time highs.
If this is not the case, that is, if it does not fall near 38531.90 and rises to around 43K, it is expected that a major bull market will not be achieved in line with the BTC halving.
(1D chart)
Since it touched the first resistance area around 38745.63, I think there is a possibility that it will continue its upward trend if it continues to decline and touches the important trend line around 32917.17-34110.32, i.e., rising along the trend line.
However, if this happens, it is expected that the price will experience a downward trend again around the second resistance range of 44200.0-47600.
At this time, if it shows support near the first resistance area (maximum 34786.17-37779.56), there is a possibility that it will create a pull back pattern and continue the upward trend again.
However, I think there is a possibility that even at this time, a major bull market will not be able to create a significant bull market.
If there is a flashy movement in the BTC price that can offset all of these hypotheses, that is, a movement that causes the BTC dominance to rise above 61, there is a possibility of creating a major bull market based on the BTC halving.
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Currently, BTC is in sideways movements.
However, altcoins are adjusting their prices on their own.
For that reason, it appears to be preparing for a rise in BTC price.
If the price of BTC rises sharply and breaks above 38K, I think it is highly likely that it will immediately rise to around 43K.
I think it is highly likely that preliminary work has been done to make such a move.
This idea is possible because the price is maintained above the MS-Signal indicator.
Therefore, if the MS-Signal indicator shows resistance after this period of volatility, we should prepare for the hypothesis mentioned above, that is, BTC is around 32K-34K or 29K-30K.
Because altcoins are adjusting their prices on their own, unfortunately, there is currently no response plan for the altcoins you own.
Therefore, I think it would be better to check how far the price adjustment progresses and, if there is an altcoin that is in a downward trend, stop loss on that altcoin to secure cash that can strengthen other altcoins you own.
However, if the stop loss amount is judged to be quite large, you should respond by selling some of it.
In this case, it is recommended not to use the stop-loss amount for other coins (tokens), but to use it to purchase additional coins (tokens) when the stop-loss coin (token) falls further.
The market is increasingly showing itself as a good opportunity.
However, the coins (tokens) currently held are just making it impossible to view these opportunities as opportunities.
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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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
USDT and USDC are showing a simultaneous rise in gap.
Accordingly, we can see that a lot of funds are flowing into the coin market.
---------------------------------------------
(BTC.D 1D chart)
(USDT.D 1D chart)
With funds flowing into the coin market, one cannot help but wonder why altcoins are lowering their prices on their own.
It may be seen as preparation for a plunge in the price of BTC, but for that to be the case, the movement of the price of BTC is at the level of ordinary sideways.
---------------------------------------------
(BTCUSDT 1D chart)
On that basis, there is no change in the MS-Signal indicator yet.
However, since the MS-Signal indicator has risen near the current price, the possibility that BTC will show significant volatility in the near future is increasing.
Accordingly, it is believed that there is a growing possibility of movement out of the 34786.17-37779.56 range around the volatility period around November 26 (November 25-27).
If there is no movement during the volatility period around November 26th, the next volatility period is around December 9th, so I think there is a possibility of forming a trend across these two volatility periods.
We are hoping to see the following movements.
(1W chart)
It receives resistance around 38531.90 and falls, falling as much as possible, and then receiving support and rising around 29241.72-30767.38.
This is because I think there is a high possibility that it will lead to an additional upward trend even if it rises above 43K.
We hope that this movement will continue until the BTC halving, creating a major bull market and renewing all-time highs.
If this is not the case, that is, if it does not fall near 38531.90 and rises to around 43K, it is expected that a major bull market will not be achieved in line with the BTC halving.
(1D chart)
Since it touched the first resistance area around 38745.63, I think there is a possibility that it will continue its upward trend if it continues to decline and touches the important trend line around 32917.17-34110.32, i.e., rising along the trend line.
However, if this happens, it is expected that the price will experience a downward trend again around the second resistance range of 44200.0-47600.
At this time, if it shows support near the first resistance area (maximum 34786.17-37779.56), there is a possibility that it will create a pull back pattern and continue the upward trend again.
However, I think there is a possibility that even at this time, a major bull market will not be able to create a significant bull market.
If there is a flashy movement in the BTC price that can offset all of these hypotheses, that is, a movement that causes the BTC dominance to rise above 61, there is a possibility of creating a major bull market based on the BTC halving.
-------------------------------------------------- --------------
Currently, BTC is in sideways movements.
However, altcoins are adjusting their prices on their own.
For that reason, it appears to be preparing for a rise in BTC price.
If the price of BTC rises sharply and breaks above 38K, I think it is highly likely that it will immediately rise to around 43K.
I think it is highly likely that preliminary work has been done to make such a move.
This idea is possible because the price is maintained above the MS-Signal indicator.
Therefore, if the MS-Signal indicator shows resistance after this period of volatility, we should prepare for the hypothesis mentioned above, that is, BTC is around 32K-34K or 29K-30K.
Because altcoins are adjusting their prices on their own, unfortunately, there is currently no response plan for the altcoins you own.
Therefore, I think it would be better to check how far the price adjustment progresses and, if there is an altcoin that is in a downward trend, stop loss on that altcoin to secure cash that can strengthen other altcoins you own.
However, if the stop loss amount is judged to be quite large, you should respond by selling some of it.
In this case, it is recommended not to use the stop-loss amount for other coins (tokens), but to use it to purchase additional coins (tokens) when the stop-loss coin (token) falls further.
The market is increasingly showing itself as a good opportunity.
However, the coins (tokens) currently held are just making it impossible to view these opportunities as opportunities.
--------------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Note
#BTCUSDT.P 4hSince the HA-High indicator on the 1D chart was created at the 36568.6 point, the key is whether the price can rise above 36353.0-36568.6 and sustain it.
You need to check whether the 5EMA on the 1D chart and the M-Signal indicator on the 1D chart intersect.
If the indicator reverses and shows a downward trend, BTC is likely to touch the M-Signal indicator on the 1W chart while falling around 32853.8-34135.3.
If this happens, it is expected that indicators will come together after October 15th.
Note
#BTCUSDT.PThe overall flow is mostly explained through the BTCUSDT chart.
Therefore, you can check the overall flow by checking the BTCUSDT chart.
The short-term or day trading perspective of BTC is discussed through the BTCUSDT.P chart, that is, the futures chart.
The M-Signal indicator and the 5EMA indicator on the 1D chart are expected to intersect in the near future.
At this time, if the price falls below the M-Signal indicator on the 1D chart and maintains the price, there may be a decline to touch the M-Signal indicator on the 1W chart.
However, we will have to watch the situation as it may move sideways in the current box range of 35486.1-37845.0 and wait for the M-Signal indicator on the 1W chart to rise.
In order to continue the large upward trend, I think we need to see a sharp upward surge above 38K.
Therefore, if this is not the case, it can be said that there is a high possibility that it will eventually sideways or decline.
Since the force itself is weak, the force itself to fall is also weak.
Therefore, it appears that it will not fall easily.
However, if the size of the wave increases and radiates power, it is expected to break out of the sideways section and form a trend.
The chart I usually refer to for day trading is the 1h chart, but as I reorganized the chart indicators this time, I think movements are more visible on the 4h chart.
However, when checking more detailed movements, use the 15m chart.
I think that running multiple time frame charts is a good habit to analyze the charts and create a trading strategy.
However, if you do not have your own basic trading strategy in place, you should be careful because confusion will only increase and you may end up having trouble making decisions.
When you look at a time frame chart with a long period of time, you need to create and use a trading strategy with that much time in mind.
Therefore, the investment proportion must be adjusted accordingly, and the leverage must also be adjusted.
If you create a trading strategy without dealing with these basic situations, there is a possibility that your trading will fail, so you need to think about how to deal with it.
Note
#BTCUSDT.P #BTC #BitcoinNote
(BTC.D 1D candle chart)(Renko 1D chart)
If you compare the two charts above, you can see that both are in an upward trend.
However, if you look at the candle 1D chart, it looks like it is about to turn into a downward trend.
The Renko 1D chart does not show any signs of a downtrend.
Therefore, I think you can intuitively understand the current movement by looking at the Renko chart.
When using the Renko chart for the first time, it is recommended to use it from a trend perspective.
As you gradually get used to it, I think you will be able to use it to find support and resistance points or trading points using inflection points.
At that time, I intuitively think that what is needed is the HA-MS indicator.
HA-MS indicator is
1. Identifying trends using MS-Signal indicators,
2. Identify trading timing using Heikin Ashi candles,
3. Identify support and resistance points using various indicators
I think that displaying the above information on a chart makes it easier to interpret the chart intuitively.
(For reference, the formulas for numbers 1 and 2 are public.)
(SOLUSDT 1D candle chart)
(Renko 1D chart)
Looking at the candle chart, it looks like there has been a lot of rise.
However, looking at the Renko chart, it looks like the uptrend is about to begin.
I think this trend will lead to differences in thinking about how to create trading strategies when trading SOL in the future.
If you only look at the candle chart, I think you will be looking for support and resistance points with the thought that a downtrend is coming.
However, when you look at the Renko chart, you will find support and resistance points to determine when to buy.
You will create a trading strategy depending on whether you receive support or resistance at the support and resistance points you find anyway, but I think there is bound to be a difference between seeing it thinking it will fall and seeing it thinking it will rise.
Therefore, I believe that Renko charts can be useful in creating a trading strategy tailored to the investment period of your trading strategy.
Note
This is a market situation where the same thing is said every time.I think you know what I'm talking about because this is something I've talked about before.
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- Old data -
(Part 3) About periods of great volatility...
(Part 3) About periods of great volatility...
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#BTCUSDT.P
Unfortunately, it shows a decline in the convergence zone.
#BTCUSDT
Since it is located within the sideways section of 34786.17-37779.56, you need to check whether it deviates from this section.
Above 37160.10 corresponds to the profit realization section for the first section, 37779.56-38745.63.
Therefore, if it falls below 37160.10, an appropriate response is needed.
Even if the movement continues within the sideways section, I think it is always the right decision to respond appropriately to avoid psychological disturbance.
If it falls above an important trend line or around the 32917.17-34110.32 range, it is important to receive support and rise.
I think you will understand the reason if you look at the 1W chart.
Accordingly, the section where a pull back pattern can be created is
1st: 32917.17-34110.32
2nd: 29241.72-30767.38
I think there is a possibility that it will be created around the first and second rounds above.
I believe that the deeper the pullback pattern is created, the bigger the rise will be, so I think that if you have a good response strategy, you can achieve good results.
All patterns will be known when completed.
Therefore, the pull back pattern can also be known only when it is completed.
Therefore, for a pull back pattern to be completed, you will notice it when it falls and then rises above 38531.90.
Therefore, you can respond well by creating a trading strategy that suits your psychological state.
A full-fledged bull market is expected to begin when the HA-High indicator on the 1m chart rises above and shows support.
Therefore, there is a high possibility that it will touch the HA-High indicator on the 1W chart before then.
Currently, the HA-High indicator on the 1W chart is located at 59370.07.
And, since the HA-High indicator on the 1M chart is located at 43823.59, it may be natural for a pull back pattern to emerge after the current volatility period.
If it touches around 38K, creates a pull back pattern, and rises again, I think there is a high possibility of a large increase during the BTC halving next year.
If this is not the case and it rises to around 43K, the increase is expected to be lower than expected during the BTC halving next year.
Therefore, you can profit according to whatever movement occurs.
I think you can make a secondary purchase of altcoins in the 32K-43K range.
I'm sure you understand because I've told you why.
To put it briefly again,
For a full-fledged bull market to begin, it is likely to begin when BTC dominance rises above 61 and then begins to decline.
This is because this movement will cause a lot of money to flow into the coin market and increase liquidity.
When BTC dominance rises, there is a high possibility that funds will flow out of altcoins and move to BTC, so altcoins are likely to gradually sideways or decline.
For this reason, I think the secondary purchase period of altcoins should proceed gradually over the 32K-43K range.
Therefore, I am hoping for a pull back pattern to emerge around 38K.
If your funds are tied up in the altcoins you are currently pumping, you may miss out on better opportunities in the future, so make sure you have some cash reserves.
Keeping this in mind, you can earn cash profits through short transactions or increase the number of coins (tokens) corresponding to profits by trading altcoins that will be held until the BTC halving bull market next year.
Since the buying time for BTC or ETH was below BTC 29K, purchasing at the current price may amplify one's psychological anxiety, so I think it is better to wait until a pull back pattern appears.
If you trade, I think the way to feel psychologically stable is to trade in a direction that increases the number of coins corresponding to profits through short-term trading.
Note
If you feel anxious about the current movement, it is a good idea to sell the coins (tokens) that are profitable and the coins (tokens) that are losing money to bring the profit and loss to more than 0 and reduce the number of coins (tokens) held.Otherwise, if you only sell coins (tokens) that are making profits or only coins (tokens) that are losing money, your psychological state will eventually be unable to reduce anxiety, increasing the possibility of making wrong decisions.
If you only sell coins (tokens) that are making a profit, your total holdings will be recorded as a loss, so the feeling of loss will increase every time you look at the status of your holdings.
If you sell only the coins (tokens) that are losing money, the total investment amount will decrease, which will also have a negative impact on the next transaction.
There is a possibility that bad memories of selling prevent you from selling when you actually need to sell in installments, resulting in a loss every time you trade.
Therefore, I hope this will be an opportunity to think about a selling strategy that can generate profits greater than zero.
Coins (tokens) that are increasing the number of coins (tokens) corresponding to profits will be provided with a somewhat free average purchase price in this selling strategy, so much research is needed on this.
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