When to look for altcoins to trade
Updated
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(BTCUSDT chart)
As this volatility period passes, if it is supported near the HA-High indicator on the 1D chart, that is, in the 29762.38-30184.24 section, it is expected to rise.
Therefore, if you see support near the 29762.38-30184.24 section, aggressive buying is possible.
This aggressive buy
1st : 31000-32259.90
2nd: 34197.22-35045.0
It is recommended to split and sell when you see resistance near the 1st and 2nd above.
For those who bought below 28923.63, now is the time to watch.
However, if it shows resistance when it rises to the 32259.90-37253.81 section, you need to sell some to stabilize your psychological state.
Therefore, you only need to sell enough to stabilize your psychological state.
If it falls below the 28465.36-28923.63 range, it may lead to further decline, so it is better to sell some of it, but BTC or ETH is expensive, so if possible, it is better to buy more and increase your holdings.
So, if you don't have enough money, you should sell some when it falls below the 28465.36-28923.63 range.
Then you should start split buying when it shows support around 26574.53-27496.02.
As I continue to tell you, when BTC is below 29K, it is a long-term buy time.
Don't forget this and when BTC drops below 29K, you should focus on BTC or ETH to find the right time to buy.
Altcoins fall under the primary buying period when BTC is below 29K, so if you have bought them before, you can just hold them.
It is possible to hold it when it is a mid- to long-term investment.
If it falls under short-term or day trading, of course you have to respond.
If you bought when BTC was below 29K, now is the time to find a second purchase of an altcoin or an altcoin to invest in.
At this time, it is recommended to search for coins (tokens) that are expanding the coin ecosystem.
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(BTCKRW chart)
The volatility period runs through June 30th.
During this period of volatility, we need to see if there is a move out of the 37821000-40674000 range.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
As this volatility period passes, if it is supported near the HA-High indicator on the 1D chart, that is, in the 29762.38-30184.24 section, it is expected to rise.
Therefore, if you see support near the 29762.38-30184.24 section, aggressive buying is possible.
This aggressive buy
1st : 31000-32259.90
2nd: 34197.22-35045.0
It is recommended to split and sell when you see resistance near the 1st and 2nd above.
For those who bought below 28923.63, now is the time to watch.
However, if it shows resistance when it rises to the 32259.90-37253.81 section, you need to sell some to stabilize your psychological state.
Therefore, you only need to sell enough to stabilize your psychological state.
If it falls below the 28465.36-28923.63 range, it may lead to further decline, so it is better to sell some of it, but BTC or ETH is expensive, so if possible, it is better to buy more and increase your holdings.
So, if you don't have enough money, you should sell some when it falls below the 28465.36-28923.63 range.
Then you should start split buying when it shows support around 26574.53-27496.02.
As I continue to tell you, when BTC is below 29K, it is a long-term buy time.
Don't forget this and when BTC drops below 29K, you should focus on BTC or ETH to find the right time to buy.
Altcoins fall under the primary buying period when BTC is below 29K, so if you have bought them before, you can just hold them.
It is possible to hold it when it is a mid- to long-term investment.
If it falls under short-term or day trading, of course you have to respond.
If you bought when BTC was below 29K, now is the time to find a second purchase of an altcoin or an altcoin to invest in.
At this time, it is recommended to search for coins (tokens) that are expanding the coin ecosystem.
------------------------------------------
(BTCKRW chart)
The volatility period runs through June 30th.
During this period of volatility, we need to see if there is a move out of the 37821000-40674000 range.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Note
(BTCUSDT chart)Volatility occurred trying to break away from the 29762.38-31000.0 section.
In any case, with support near 29762.38-30184.24, it is expected to lead to an uptrend.
Therefore, it is necessary to check whether the StochRSI indicator finds support around 29762.38-30184.24 until it exits the oversold zone.
(USDT chart)
USDT continues to gap higher after showing significant volatility.
Accordingly, the coin market is expected to maintain an upward trend.
(USDC chart)
However, careful trading is required as USDC's continuous gap decline may limit its rise or lead to a sharp decline.
(BTC.D chart)
The decline in BTC dominance can be interpreted as a concentration of funds towards altcoins.
Therefore, it is likely to lead to an uptrend of altcoins.
However, since the BTC dominance itself has risen above 50, it is recommended to trade from a short-term perspective.
(USDT.D chart)
If it falls below the 6.85-7.27 range, the coin market is expected to show a sharp uptrend.
Otherwise, if USDT dominance is maintained above 7.27, the coin market is expected to continue sideways or decline.
In any case, it is in which direction it will deviate from the important section, the 6.21-8.25 section.
Note
(BTCUSDT chart)We often talk about the StochRSI indicator.
When looking at a wave, the direction of the price can be predicted to some extent according to the movement of the StochRSI indicator and the relationship between support and resistance points set in the chart.
Looking at the 1D chart,
The StochRSI indicator entered and exited the oversold zone.
In this way, when the StochRSI indicator falls and enters the oversold zone, if it is supported at an important point or section, it can be seen that it shows an upward trend when it exits the oversold zone.
However, whether this upward trend can be maintained is another matter.
Usually, when the StochRSI indicator touches the oversold zone and rises, it leads to a movement to enter the overbought zone.
At this time, there is a possibility that the StochRSI indicator will show a downward trend again around the 50 point, but when it falls like this, it will rise even more if it is supported by an important point or section again.
Therefore, it is most important that the support and resistance points established on the chart are properly drawn when viewing and interpreting any indicator.
Therefore, when studying chart analysis,
1. Candle
2. Moving Average
3. Support and Resistance
1-3 above should not be neglected.
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