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(UDST chart) The candle size is still quite large. Accordingly, we can see that the period of profit realization continues.
However, if USDT does not fall by the gap, I think the funds in the coin market will remain the same.
(USDC chart) As the gap decreases, you can see that funds have been flowing out through USDC.
I don't think USDC's funds will have much of an impact on the coin market.
The reason is that the USDC market is not active.
Therefore, I believe that the longer USDC's outflow of funds continues, the more likely it will be to see independent movements that are separate from the movements of the stock market.
However, I don't think it's a good idea in terms of funds leaving the coin market.
Therefore, even if the coin market shows an upward trend, the amount of fluctuation is likely to be limited.
(BTC.D chart)
(USDT.D chart)
BTC dominance and USDT dominance are on the rise.
Therefore, caution is required when trading.
In order for the coin market to show an upward trend, BTC dominance and USDT dominance must show a simultaneous decline.
(1M charts) Since it has fallen below the MS-Signal indicator, it can be interpreted that there is a high possibility of it falling.
However, since a new month has begun, if the price rises above 28465.36 and holds, it is expected to continue its upward trend.
(1W chart) We are in a week of volatility.
Accordingly, it is necessary to check whether there is a movement below 21258.0-23174.39 or above 29241.72-30767.38.
(1D chart) Looking at the big picture, you can see that the section where the current price is located is a boundary section where large volatility began to occur.
Accordingly, the 26151.99-30495.92 section, which is comprised of the HA-Low indicator and the HA-High indicator, can be considered to be quite significant.
Around October 1st is a period of volatility.
Accordingly, the key is whether it can lead to a movement out of the 25131.48-28142.85 range in which the current box range is formed.
It is shown that the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1M chart are not rising beyond the passing section.
Accordingly, there is a possibility that it may show a downward trend.
However, if the price is maintained above 26101.77-26189.99, there is a possibility that it will rise above the M-Signal indicator on the 1M chart and surge to around 28142.85.
As explained in the USDC chart mentioned earlier, it can be seen that the increase is limited.
In any case, the section where the current price is located is in the trend reversal section.
Accordingly, no matter how you interpret the chart, it is recommended that current trading be focused on day trading.
The trend reversal section corresponds to the 26151.99-20495.92 section consisting of the HA-Low indicator and the HA-High indicator.
Therefore, it is expected that it will be important whether support or resistance is received from the HA-Low indicator or HA-High indicator, which will be moved forward and created depending on the price movement.
From a mid- to long-term perspective, the time to buy is when BTC is below 29K, so it is still a buying time.
However, caution is required when purchasing from a mid- to long-term perspective during a trend reversal period, as there is a possibility of feeling great psychological anxiety.
Therefore, it is important to control the proportion when purchasing.
I won't say anything about the current trend since it was previously updated.
We would appreciate it if you could check the previous updates.
** 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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Note
(BTCUSDT 1D chart) The StochRSI indicator in the secondary indicator has entered the overbought zone.
Accordingly, the possibility of volatility occurring is increasing.
Currently, the M-Signal indicator on the 1W chart shows resistance.
Accordingly, in order to rise, it must rise above the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1M chart.
Therefore, we need to see if it can rise above the M-Signal indicator on the 1W chart between October 1-2.
When the StochRSI indicator falls from the overbought range, it is important to maintain the price above the MS-Signal indicator.
If this is not the case and it falls, caution is needed as the selling price may increase rapidly as it falls to around 26101.77-26189.99.
As more than an upward trend line (1) is created, the possibility of an upward trend increases.
However, it is expected that a new trend line will be created soon.
It is expected that the flow will need to be reinterpreted based on the correlation between this trend line and the rising trend line (1).
Because the new trend line connects high points, it is expected to be able to predict resistance.
The currently drawn blue trend line is the trend line connecting the high points.
Therefore, the blue trend line, that is, the trend line connecting the high points, shows that we have broken out of the current downtrend.
Note
(BTCUSDT.P 4h chart) Volatility is expected to occur as the M-Signal indicator on the 1D chart rises above the M-Signal indicators on the 1M chart and 1W chart.
Accordingly, it seems necessary to look at the movement when the 5EMA of the 1D chart rises above the M-Signal indicator of the 1M chart and 1W chart.
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