Altcoin funds are moving towards BTC
Updated
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(ETHUSDT chart)
(1M charts)
In order for a major bull market to begin, the price must be maintained above the HA-High indicator on the 1M, 1W, and 1D charts.
Accordingly, it must either rise above the current HA-High indicator point of 3321.30, or create a new HA-High indicator.
(1W chart)
If it fell below 2196.52, a new HA-High indicator appeared to be created.
Accordingly, it is necessary to check at what point the HA-High indicator is generated.
(1D chart)
After the volatility period around January 4th, it failed to rise above the MS-Signal indicator and is showing a downward trend.
Accordingly, it is necessary to check whether it is supported and can rise around 2159.0-2196.52.
If not, it is expected to touch the M-Signal indicator on the 1W chart.
In a situation where the M-Signal indicator of the 1W chart, which is a mid- to long-term indicator, and the M-Signal indicator of the 1M chart are aligned, it has begun to fall below the M-Signal indicator of the 1D chart, which is a short-term indicator.
Accordingly, it can be interpreted that the possibility of a short-term downward trend has increased.
However, since the mid- to long-term indicators are in a positive alignment, there is a possibility that it will end in a price adjustment rather than a short-term decline, so we need to think about ways to respond to this.
If it falls below 2159.0-2196.52 and shows resistance, a stop loss is necessary.
However, since it can rebound by touching the M-Signal indicator and rising trend line on the 1W chart, you must also consider countermeasures against this.
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Even with the small volatility of BTC, the volatility of most altcoins shows significantly larger fluctuations than that of BTC.
Even though funds are continuously flowing into the coin market, altcoins are showing sideways or downward trends.
This is because actual funds appear to be concentrated towards BTC.
BTC is currently showing sideways movements centered around the psychological resistance range of 43160.0-43523.59.
In particular, it seems likely that the candle will close for the first time above the 43523.59 point, so it is expected to begin the first support test.
If you are not supported in this support test and show a decline below the psychological resistance zone,
1st: 37253.81-38531.90
2nd: 32917.17-34110.32
It is expected to fall to around the 1st and 2nd levels above.
If it shows support around the first and second rounds above, there is a possibility that it will create a pull back pattern and rise, so you should think about a plan to respond to this.
If the price is maintained above the psychological resistance zone, the key is whether the price can be maintained above 45135.66-46431.50 even after the next volatility period around January 16th.
If the altcoin you currently own is on a downward trend, I don't think it's a good deal to unconditionally purchase additional coins.
Additional purchases should be made in installments when support appears at important support and resistance points or sections.
If not, the proportion of investment may increase rapidly and it may be difficult to recover.
When the general bull market begins, all coins (tokens) will rise, and most coins (tokens) will show an increase to renew the new high (ATH).
In order to do this, I think it is possible to show a decline after the BTC Dominus rises above 61.
For an altcoin bull market to begin right now, BTC dominance must fall below 50 and remain there.
And, USDT dominance should remain below 5.89.
Currently, BTC dominance is rising above 53.87, so it appears that we are moving away from the altcoin bull market.
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 area, you should check the movement when this area 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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT chart)
(1M charts)
In order for a major bull market to begin, the price must be maintained above the HA-High indicator on the 1M, 1W, and 1D charts.
Accordingly, it must either rise above the current HA-High indicator point of 3321.30, or create a new HA-High indicator.
(1W chart)
If it fell below 2196.52, a new HA-High indicator appeared to be created.
Accordingly, it is necessary to check at what point the HA-High indicator is generated.
(1D chart)
After the volatility period around January 4th, it failed to rise above the MS-Signal indicator and is showing a downward trend.
Accordingly, it is necessary to check whether it is supported and can rise around 2159.0-2196.52.
If not, it is expected to touch the M-Signal indicator on the 1W chart.
In a situation where the M-Signal indicator of the 1W chart, which is a mid- to long-term indicator, and the M-Signal indicator of the 1M chart are aligned, it has begun to fall below the M-Signal indicator of the 1D chart, which is a short-term indicator.
Accordingly, it can be interpreted that the possibility of a short-term downward trend has increased.
However, since the mid- to long-term indicators are in a positive alignment, there is a possibility that it will end in a price adjustment rather than a short-term decline, so we need to think about ways to respond to this.
If it falls below 2159.0-2196.52 and shows resistance, a stop loss is necessary.
However, since it can rebound by touching the M-Signal indicator and rising trend line on the 1W chart, you must also consider countermeasures against this.
-------------------------------------------------- ---------
Even with the small volatility of BTC, the volatility of most altcoins shows significantly larger fluctuations than that of BTC.
Even though funds are continuously flowing into the coin market, altcoins are showing sideways or downward trends.
This is because actual funds appear to be concentrated towards BTC.
BTC is currently showing sideways movements centered around the psychological resistance range of 43160.0-43523.59.
In particular, it seems likely that the candle will close for the first time above the 43523.59 point, so it is expected to begin the first support test.
If you are not supported in this support test and show a decline below the psychological resistance zone,
1st: 37253.81-38531.90
2nd: 32917.17-34110.32
It is expected to fall to around the 1st and 2nd levels above.
If it shows support around the first and second rounds above, there is a possibility that it will create a pull back pattern and rise, so you should think about a plan to respond to this.
If the price is maintained above the psychological resistance zone, the key is whether the price can be maintained above 45135.66-46431.50 even after the next volatility period around January 16th.
If the altcoin you currently own is on a downward trend, I don't think it's a good deal to unconditionally purchase additional coins.
Additional purchases should be made in installments when support appears at important support and resistance points or sections.
If not, the proportion of investment may increase rapidly and it may be difficult to recover.
When the general bull market begins, all coins (tokens) will rise, and most coins (tokens) will show an increase to renew the new high (ATH).
In order to do this, I think it is possible to show a decline after the BTC Dominus rises above 61.
For an altcoin bull market to begin right now, BTC dominance must fall below 50 and remain there.
And, USDT dominance should remain below 5.89.
Currently, BTC dominance is rising above 53.87, so it appears that we are moving away from the altcoin bull market.
Have a good time.
thank you
--------------------------------------------------
- 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 area, you should check the movement when this area 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
-------------------------------------------------- -------------------------------------------
** 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
It is currently rising to the second resistance zone.
It is necessary to check whether the price can be maintained by rising above 46431.50.
Otherwise, if it falls below the psychological resistance range of 43160.0-43823.59, a stop loss is necessary.
Unless it is day trading or scalping, I think selling 100% is not a very good trading method in the coin market.
Accordingly, a trading strategy is needed to secure cash and reserves by responding appropriately.
Note
I think it would be good for BTC dominance to rise above 61 quickly, even if it means some pain.
Whether the BTC price rises or falls, I hope that BTC dominance rises quickly.
Note
(BTC.D chart)You need to check for support and resistance in the circle sections shown in the two charts below.
If it continues to rise like this, the RSI indicator (based on Heikin Ashi's closing price) is expected to enter the overbought zone.
If this happens, the likelihood of HA-High indicators being generated increases.
I think the range is likely to be the 56.78-62.47 range.
However, you must keep in mind that the HA-High indicator is generated when you enter the overbought zone and then exit the overbought zone.
If the HA-High indicator is created and there is resistance and decline near it, it is expected that a major bull market will begin.
Renko charts are used to identify trends or support and resistance zones.
Note
It is important to create countermeasures for the altcoins you own.I think there is a high possibility that BTC or ETH will actually lead to a big decline.
However, if a decline begins, you need to have a countermeasure in place, as altcoins most likely will not.
I think it's okay to leave altcoins as is if you don't know how to respond to them or if the average purchase price is judged to be low.
This is because the decline period is expected to be short.
A major bull market is a bull market with a high possibility of renewing the new high (ATH), so unless the average purchase price is at an all-time high, there is a high possibility of profit.
Use the Gann Box tool to create a box by selecting the lowest and highest points.
Then, if the average purchase price is located around 0.382 or lower, it is okay to wait and not respond in any way even if the decline begins.
If the average purchase price is above 0.5, it is recommended to lower the investment proportion by selling appropriately when the price falls.
It is recommended to purchase when the price drops to around 0.382 or below to lower the average purchase price and increase the investment proportion.
Since BTC or ETH is likely to lead the coin market, additional purchases are only possible whenever the price falls by more than -10%.
Note
(ETHUSD 12M chart)Looking at the Fibonacci ratio that started from the first wave, it is currently located around 1.618 (2456.70).
The section where the decline began met resistance around 2.618 (3920.27) and fell.
Let’s check the Fibonacci ratio of the second wave based on this first wave.
According to the Fibonacci ratio of the second wave,
1st: 3545.77
2nd: 7349.90
3rd: 11154.04
It is expected to rise to around the 1st to 3rd levels above.
Note
(ETHUSDT 1D chart)ETH appears to have fallen -9.54%.
When falling below -10%, caution is needed in using Fibonacci ratios or Gann Box tools.
Note
(ETHUSDT 1D chart)The key is whether it can close above 2563.20, the upper point of the Price Channel indicator.
Otherwise, if it falls below 2572.54, it is expected to fall to around 2419.83.
Note
(ETHUSDT 1D)It is expected to close above the upper point of the Price Channel indicator.
Accordingly, the key is whether it can rise above 2621.99.
If it falls, we need to check for support around 2531.05.
If not, it is expected to fall to around 2419.83.
Note
#ETHUSD 1WLeft Fibonacci: Previous rising wave
Right Fibonacci: Current rising wave
Check out the Fibonacci ratio zones and the support and resistance zones shown on the chart.
The key is whether it can receive support around 2456.70 and rise above 3096.88.
A psychological volume profile section is formed in the 2647.99-3096.88 range.
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