Btcdominance
BTCUSDT needs correctionIts been 8 day of the range of BTC. I like that 100 ema and 200 ema finally crossed on D TF. Usually its a good bullish sign. Now, lets hope that the price will not go below 200 ema.
RSI already crossed and shows us that BTC may go to correction, how deep it will go i dont know.
So far if you want to long BTC , only when it will break 28900
short if it goes below 26600
So far you can focus on ALTS , some of them may pump and some go to good correction since BTC.D and BTC are not active right now
Second period of volatility : March 19-25Hello?
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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 money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend.
However, if the downtrend line is maintained on the USDC chart, the rise may be limited.
Also, at some point, there is a possibility that it will lead to a sharp decline, so it is necessary to check whether USDC turns into an upward trend.
It rose above 46.76 on the BTC.D chart.
Therefore, if the upward trend is maintained, there is a possibility that altcoins may gradually move sideways or show a downward trend, so we need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
We need to see if it can fall to around 6.21 on the USDT.D chart.
This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
A second period of volatility began around March 20-24 (up to March 19-25).
You need to check what kind of movement will come out.
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The HA-High indicators on the 1D and 1W charts fell and rose above that, continuing the mid- to long-term upward trend from a trading perspective.
Now, all that remains is to make the HA-High indicator on the 1M chart decline as a move to continue the long-term uptrend.
We need to see where this month's candle closes and if the value of the RSI indicator (using Heikin Ashi's Close) will enter the overbought zone.
This is because if the RSI indicator enters the overbought zone and then moves out of the overbought zone, there is a high possibility that the HA-High indicator on the 1M chart will fall.
It is unlikely, but it may rise as it is and rise to 43K, where the HA-High indicator is currently located.
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(BTCUSDTPERP 1D Chart)
If it rises above the 32275.6-37243.4 section, it is likely to show a full-fledged uptrend.
Therefore, the 32275.6-37243.4 zone is an important support and resistance zone.
The S/L point of this important section is the 28951.7 point.
Therefore, if it rises above 32275.6 and then declines, it is expected to continue its upward trend only after receiving support around 28951.7 and rising.
If it holds the price above 28951.7, I would expect it to lead to an attempt to rise above 32275.6.
We are currently entering the second period of volatility.
Therefore, it is necessary to keep a close eye on the movement of the BTCUSDTPERP chart up to around March 24th (March 23-25).
If you fail to rise and fall,
1st: Around 24294.1
2nd: Around 22421.2
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
However, it is necessary to touch the vicinity of the rising trend line (3) and check whether it rises along the rising trend line.
If it goes down further after that,
1st: 21826.1-21558.1
2nd : 19411.7-20122.5
3rd: Around 17864.7
You need to make sure it is supported in the vicinity of the 1st-3rd order.
(1h chart)
The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
- Full-fledged 'LONG' position entered near 'L1'
Entry point: When support is confirmed near 'L1', 25882.9
1st: Around 27102.7
2nd : 28951.7-30000.5
Trade close: around 32275.6
However, if it falls below the 1st point and touches the HA-High indicator or touches the 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits.
If you touch the 2nd point, you can end the transaction when you want.
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(BTCKRW chart)
You need to climb to the 37585000-40674000 section and see if you can get support.
If not,
1st: around 35539000
2nd: around 32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that 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.
---------------------------------
BTC Dominance at Resistance! Alt Season Possible? Folks, take note! The BTC Dominance is currently hovering at a crucial resistance level
If it decides to drop, then brace yourself for an Alts Rally during an Uptrend. But if it breaks out, the Alts may either tumble or move sideways based on the Market Momentum
📈 Bitcoin Dominance (Update by request)This is a reply I gave to @cryptoninja1998 in a comment, his question was the following:
" What are your thoughts on BTC dominance and the possibility of it turning back down (rejecting off 50% level), thus giving a push to the altcoins? "
First, I wouldn't focus too much on the BTC Dominance chart to look for a certain type of action on the "Altcoins" side.
The Altcoins is a set of Cryptocurrencies that ranges in the tens of thousands, and the "Altcoins" can grow in one way or the other while BTC Dominance does whatever it does.
The Altcoins are set to grow based on the normal market behavior, that is, if Bitcoin is really strong, everything stops and Bitcoin moves forward.
When Bitcoin takes a break the Altcoins move forward.
The Altcoins vs Tether pairs tend to move together with Bitcoin in groups with a slight delay.
Maybe the big ones move together with Bitcoin now while the others either consolidate or go into correction mode.
In another occasion the mid-sized ones move with Bitcoin and in yet another occasion the smaller ones.
Money enters the market through Bitcoin and from Bitcoin it flows to the Altcoins.
Since the market cycle is always changing/evolving to the next phase, the next time Bitcoin goes up, how it affects the Altcoins is not the same as when it happened in January this year or for example, it is also difference then when it happened back in July/August 2022.
This time when Bitcoin takes its break the Altcoins can grow really strong and recover weeks and sometimes months of correction in just a few days.
Those consolidating move ahead.
I would focus on each chart individually and just use the relation between the indexes and my desired pairs for the overall market view but not to know when to expect a certain move.
The truth is that they are just too many Altcoins to speak in general at this point.
The way that BTC.D affects Cardano, Floki, Namecoin, DigiByte, Monero, Stellar or Contentos is so different that we have to look at each one of these apart.
Let me know if that answers your question.
Namaste.
Will BTC reach 30K+ or it will dump? BTCUSDT updateHi dear community my loyal followers, I hope you are fine.
Let me update BTC current situation and my expectation.
This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-.
At the moment, you can see on the chart that BTC has created Bullish megaphone chart pattern/Inverted symmetrical triangle/ and tested its upper line where there is significant, one of the strongest resistance/.. There are BB, FVG zone, 0.38 fib level, 21 monthly EMA, diagonal resistance+ horizontal resistance/ etc. Look at bellow attached charts also to understand what I mean.
I expect BTC to break 1h bull flag reaching 28.6K/attached bellow/ , which will be fake breakout of bullish megaphone chart pattern / a lot people will open long positions, at the same time BTC sweeps liquidity above 27.8K then we' will see strong rejection and correction starts. When BTC reaches 28.6K , BTCD will be at 48-48.5K at main resistance/attached bellow/, where it will drop and during this BTC correction , we'll see mini altseason.
Pay attention that volume is decreasing while price is rising/bearish divergence/ also there is bearish divergence at daily OBV which doesn't support this pump)). I expect BTC to drop 22.6-22.8K where there is OB+FVG + 0.618 Fib zone, if BTC can't hold the mentioned zone it will dump to 20.5K. During this drop price will react at 25.2K small bounce, then drops to 0.5fib level/23.6K/ again bounce/this level could hold as well/ and drops to 22.6-22.8K taking out IDM/sweep liquidity/
Also keep your eyes at 23.6K 0.5 fib level, which is mid range of megaphone chart pattern. there is chance it can hold as well, but more likely 22.6-22.8K will be reached.
After the mentioned scenario we'll see new highs, at the moment I can't tell you 22.6-22.8K will hold or not, we'll see BTC reaction at that point.
Please don't forget to like, follow and share my ideas. I will appreciate any kinds of support.
A period of volatility beginsHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
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 money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D 1W chart)
(USDT.D 1D chart)
While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down.
It is unknown if funds are moving from USDC to USDT due to the issue with USDC, but the rising trend of USDT is expected to drive the coin market upwards.
However, the continued decline of USDC may limit the rise of the coin market or cause a sharp decline.
We need to check if it stays above 45.68 on the BTC.D chart.
If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year.
If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
The question is whether the USDT.D chart can start a decline below 6.21.
Otherwise, if it rises above 7.27, the coin market is expected to decline again.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
Thus, the period of volatility around March 16th is over.
We need to see how it will affect the next volatility period around March 20-24 (up to March 19-25).
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(BTCUSDT 1W chart)
The key is whether the price can be maintained above the M-Signal on the 1M chart.
If not, you should check if it is supported near the HA-High indicator.
This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the mid- to long-term upward trend.
If it declines, it is likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator.
However, you need to make sure it is supported around 20862.47 which is the support and resistance point.
(1D chart)
Supported around 24376.02,
1st : More than M-Signal of 1M chart
2nd: 28923.63 or higher
You need to make sure that the price can be maintained by rising 1st, 2nd or more times.
If it falls below 22487.41,
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
3rd: 17880.71 (up to 16.7K)
It is necessary to check whether it is supported in the 1st to 3rd sections.
The key is whether it can be supported above the M-Signal indicator on the 1M chart, around 26013.28-26560.0, and rise above 28923.63.
If it rises above the 32259.90-37253.81 section, it is likely to show a full-fledged uptrend.
Therefore, the 32259.90-37253.81 area is a very important support and resistance area.
Therefore, if it falls after rising above 32259.90, I think it is highly likely to continue the uptrend if it is supported around 28923.63.
If it fails to gain support around 28923.63, there is a possibility of a sharp decline, so a countermeasure is needed.
Therefore, it is expected that a lot of money will be needed to rise above 28923.63.
In line with this, USDT is showing an upward trend by creating a gap.
In that sense, I think that being supported around 26013.28-26560.0 has an important meaning.
Therefore, if it receives support around 26013.28-26560.0 or if the HA-High indicator moves and shows support, it is expected to rise around 28923.63.
A period of volatility begins around March 20 (March 19-21).
Therefore, during a period of volatility, it is better to check the target point or stop loss point you set once more while watching the situation with a margin rather than hastily trading.
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(BTCKRW chart)
It is necessary to confirm that it can be supported and ascended around 34820000-35539000.
If not,
1st: 31024000-32042000
2nd: 28950000-29639000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
The next period of volatility is around March 29th.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that 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.
---------------------------------
BTC Dominance !Hello everyone, I invite you to review the situation of BTC dominance in relation to the entire market. And here we can mark with the blue lines the sideways trend channel in which we are approaching the upper limit.
At this point, it is worth looking at the CHOP index, which indicates that the energy has been used. However, when we look at the RSI indicator, we can see that we have strongly exceeded the upper limits of the range. Looking at these two values, we can expect a rebound and capital transfer to other altcoins.
Now we can move on to marking the places of support in the event of a correction. And here in the first place we have support at 45.5%, then support is at 44.3%, 43.2% and then 42%.
Looking the other way, we will also denote the resistance for BTC dominance and here we see that significant resistance is at 48.4% at the upper border of the channel, however when we go higher we can see a rapid increase to around 54.4%.
Bitcoin dominance % increase predictionBitcoin Dominance % market analysis March 18
Hey guys! As Bitcoin is soaring in price and investors are switching their holdings from altcoins to Bitcoins , bitcoin dominance starts to increase.
**What is Bitcoin Dominance % ?**
-Bitcoin dominance % represents the percentage of the total market capitalization of the cryptocurrency market that is attributed to Bitcoin. For example, If the total market capitalization of all cryptocurrencies is $1 trillion, and Bitcoin's market capitalization is $600 billion, then Bitcoin's dominance % would be 60% ($600 billion / $1 trillion x 100%).
**What does an increase of Bitcoin Dominance % represent and mean for altcoins? **
An increase in Bitcoin dominance % typically means that the market capitalization of Bitcoin is growing faster than the market capitalization of altcoins. This can happen for several reasons, including increased investor confidence in Bitcoin, greater adoption of Bitcoin as a store of value or means of payment, or a decrease in interest or investment in altcoins.
For altcoins, an increase in Bitcoin dominance % can indicate a tougher market environment, as investors may be shifting their focus and resources away from altcoins towards Bitcoin. As a result, altcoins may see a decline in value and trading volume, as well as decreased attention from investors and traders.
In conclusion, whenever BTC dominance % starts to soar in %, altcoins bleed.
The final stage of a long-term bullish turn is...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
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 money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend.
However, if the downtrend line is maintained on the USDC chart, the rise may be limited.
Also, at some point, there is a possibility that it will lead to a sharp decline, so it is necessary to check whether USDC turns into an upward trend.
After the volatility period on the BTC.D chart, it rose to around 46.76.
Therefore, if the upward trend is maintained, there is a possibility that altcoins may gradually move sideways or show a downward trend, so we need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
We need to see if it can fall to around 6.21 on the USDT.D chart.
This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
The first period of volatility, March 15-17, has passed.
We need to see how movements in the first volatility period will affect the second volatility period, March 19-25.
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If the current uptrend is maintained, most indicators on the 1M chart are expected to move out of the overbought or oversold zone.
This trend may lead to a move to realize profits, so you need to think about how to respond to it.
The key question is whether such a move can cause the HA-High indicator on the 1M chart to decline.
This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the upward trend from a trading perspective.
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(BTCUSDTPERP 1D Chart)
As it rose above 27102.7, there was a rise that completely covered section B.
Correspondingly, if the price stays around or above 25882.9-27102.7, I would expect it to rise above 28951.7.
The 28951.7-32275.6 zone was a support and resistance zone before the big pullback.
Therefore, if the price rises to this range and maintains it, it can be interpreted that there is a high possibility of a full-fledged uptrend.
Therefore, the section 28951.7-32275.6 corresponds to the volume profile section.
In order to maintain a full-fledged uptrend, there is one thing left to do to show an uptrend in the long-term trend of the coin market.
That is what causes the HA-High indicator on the 1M chart to fall.
Currently, the HA-High indicator point on the 1M chart is located at 43993.4.
Therefore, there is a possibility that it will continue to rise to this point and reach it, but it is judged to be unlikely because it has to pass through many volume profile sections as the price rises.
When the HA-High indicator on the 1M chart falls to a certain point, if the price is maintained above that point, I think it means that the coin market will rise in earnest.
The HA-High indicator is formed from a combination of Heikin Ashi and RSI indicators (using Heikin Ashi's close value).
Therefore, when the RSI indicator on the 1M chart rises to the overbought section and then falls, the HA-High indicator is more likely to move.
Currently, the RSI indicator on the 1M chart is located around 45, but it is likely to show a big change depending on where this month's candle closes.
Giving reasons for your analysis gives you confidence in your analysis.
Sometimes, it seems that there are people who are reluctant to share their know-how with others by telling them the basis for this analysis.
It takes a lot of trial and error to know someone else's know-how and make it your own.
Therefore, you don't have to be afraid that the person will never see your writing again just because you share your know-how.
The formula of the indicator used as the basis for analysis may not be disclosed, but I think it is very important to say what basis the analysis was made when analyzing the chart.
(1h chart)
The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
- Full-fledged 'LONG' position entered near 'L1'
Entry point: When support is confirmed near 'L1', 25882.9
1st: Around 27102.7
2nd : 28951.7-30000.5
Trade close: around 32275.6
However, if it falls below the 1st point and touches the HA-High indicator or touches the 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits.
If you touch the 2nd point, you can end the transaction when you want.
The 'S1', 'L1', and 24294.1-25882.9 intervals are high-magnification box intervals.
However, if the price is maintained in the 'SR' box section 24119.5-24517.2 or higher, it is highly likely to rise, so you should think about countermeasures.
- A full-fledged 'SHORT' position entered near 'S1'
Entry point: When resistance is confirmed in 'S1', 24119.5-24294.1
1st: 22421.2-23129.6
2nd: 20984.7-21826.1
3rd : 19411.7-20122.5
End of transaction: around 17864.7
However, if it does not fall below the M-Signal of the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits.
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(BTCKRW chart)
You need to climb to the 37585000-40674000 section and see if you can get support.
If not,
1st: around 35539000
2nd: Around 32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd order.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that 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.
---------------------------------
BTC.D is putting in a major bottomAnything that follows is not to be taken as financial advice.
As you can see from this weekly chart, Bitcoin dominance has been trying to paint a low since may 2021.
I've had that 48.20% horizontal ray placed for almost two years, and we can observe how it's been already tested four times so far in the course of said time.
While that level has been working as a resistance so far, price action doesn't look very intimidated by it.
The way I look at it, a range break to the upside would be the most plausible scenario.
Considering for how long this chart has been consolidating, looking for a move up to about 53% is highly probable, and one to about 58% is still very realistic.
Furthermore, by drawing a measured move from resistance to bottom, and then applying it over the resistance, it becomes more obvious that anywhere around the 58% level would be an important area to consider this idea as played out.
In order to confirm this as a major bottom, I'd need to see a convincing weekly close above the 48.20% level, until that happens, all that's been said remains in the realm of potentiality.
Were there to be such a close, the entirety of the following upside move would very likely take various months.
BTC dominance #BTC DOMINANCE UPDATE
Bitcoin Dominance has reached the 46% resistance which correlated with the level 1 by Fibo. Strong resistance from where we can expect a rejection
However, if Bitcoin returns to $25,000+ zone and continues pumping, then this level will be broken and lead Dominance to ultimate resistance of 48% - 48.5%
This is the zone when you can enter any altcoin and with 95%+ probability it will be sold in great profit. Let's pray this zone will be reached
The next period of volatility is around March 20Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
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 money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D 1W chart)
(USDT.D 1D chart)
While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down.
It is unknown if funds are moving from USDC to USDT due to the issue with USDC, but the rising trend of USDT is expected to drive the coin market upwards.
However, the continued decline of USDC may limit the rise of the coin market.
We are passing through a period of volatility on the BTC.D chart.
This period of volatility runs through March 17th.
We need to see if it stays above 45.68 during the volatility period.
If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year.
If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
It fell back to the 6.85-7.27 range on the USDT.D chart.
So, the question is whether we can start a decline below 6.21.
Otherwise, if it rises above 7.27, the coin market is expected to decline again.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
Therefore, we expect the move around March 16th to be a prelude to volatility.
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The amount shown on the 1D chart is written as an example of one of the split trading methods.
I think BTC below 29K is a buying zone for next year's bull market.
Therefore, if you do not know how to proceed with the split purchase, it can be interpreted as meaning that you can proceed with the split purchase while increasing the proportion of your investment whenever the price decreases.
Therefore, you can determine the proportion of the split amount according to the size of your investment.
----------------------------------------
(BTCUSDT 1W chart)
The key is whether it can rise above the M-Signal on the 1M chart.
If not, you should check if it is supported near the HA-High indicator.
This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the mid- to long-term upward trend.
If it declines, it is likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator.
However, you need to make sure it is supported around 20862.47 which is the support and resistance point.
(1D chart)
Supported around 24376.02,
1st : More than M-Signal of 1M chart
2nd: 28923.63 or higher
You need to make sure that the price can be maintained by rising 1st, 2nd or more times.
If it falls below 22487.41,
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
3rd: 17880.71 (up to 16.7K)
It is necessary to check whether it is supported in the 1st to 3rd sections.
As I said yesterday, we are currently checking the volume profile after the price surge.
This confirmation is expected to hold unless there is a drop below 24113.88.
The HA-High indicator is passing near the 24113.88 (close of the 13th of March candle).
Therefore, if the price holds above the HA-High indicator, it is likely to break the recent highs.
If it falls from the 24113.88 point (HA-High indicator), it is highly likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator, so you need to think about countermeasures.
From the short-term (1D) and mid- to long-term (1W) perspectives, it seems that we are ready to continue the uptrend.
However, I don't think it is ready to continue the uptrend from a long-term (1M) perspective.
Therefore, the wiggle for this is expected to continue.
From a trending point of view, in order to continue the long-term uptrend, the price must maintain the price by moving above the M-Signal on the 1M chart.
------------------------------------------
(BTCKRW chart)
The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart.
If not,
1st: around 31468000
2nd: around 29218000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
The next period of volatility is around March 29th.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that 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.
---------------------------------
BTC.DAs mentioned in the previous analysis, after resting and breaking the weekly and daily resistance, Bitcoin Dominance is moving towards its main resistance in the range of 48%, which can have an upward movement as much as the previous log, and this shows that the flow is getting stronger. The money in Bitcoin is compared to altcoins, so that in the upward trend of Bitcoin growth, it is stronger than altcoins, and in price corrections, altcoins will provide a better position for short positions.
BTC.Dominance Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Like for me, we are finishing the correction in wave (ii), after which I expect a global decrease in dominance.
Target zone: 33-30%
cancellation of scenario - consolidation above 48.5%
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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 money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend.
The question is whether it can rise above the downtrend line on the USDC chart and create a gap.
The key is whether it can rise above 45.68 on the BTC.D chart and stay there.
If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year.
Accordingly, most altcoins are likely to go sideways or show a downward trend, so you need to think about countermeasures.
We believe this move is likely to continue until BTC reaches around 45K.
It fell back to the 6.85-7.27 range on the USDT.D chart.
So, the question is whether we can start a decline below 6.21.
Otherwise, if it rises above 7.27, the coin market is expected to decline again.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
Therefore, we expect the move around March 16th to be a prelude to volatility.
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(BTCUSDTPERP 1D Chart)
Based on the point 22471.5,
1. As you ascend,
1st: 23937.1-24294.1
2nd : M-Signal of 1M Chart
You need to check if resistance is received near the 1st and 2nd order above.
2. When it goes down,
1st: 20984.7-21826.1
2nd : 19411.7-20122.5
3rd: around 17864.7 (up to 16.4K)
You need to make sure it is supported in the vicinity of the 1st-3rd order above.
The 'SR', 24119.5-24517.2 section is the close-high section of the March 13 candle.
If it shows support in this section, it is likely to rise.
This is because these moves are likely to check how many people are willing to sell.
In addition, since it spans around 24294.1, which is the volume profile section formed from section B, I think it enhances its meaning.
These movements correspond to a pattern.
If resistance is seen on the decline from 24119.5-24517.2, the pattern is broken and a sharp decline is likely.
If so, a decline is likely around 21558.1, the point of the HA-Low indicator on the 1D chart.
However, since the 22421.2 point is the HA-High indicator of the 1W chart, the role of support and resistance becomes stronger over time, so you should be careful as there is a possibility of receiving support around this point.
By rising above the B section and above 24294.1, it shows a recovery of more than half of the decline from around 32K to around 15K.
Therefore, if it starts to rise above the M-Signal indicator on the 1M chart, it is expected to rise around 28951.7-32275.6.
(1h chart)
The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
The 'S1', 'L1', and 24294.1-25882.9 intervals are high-magnification box intervals.
However, if the price is maintained in the 'SR' box section 24119.5-24517.2 or higher, it is highly likely to rise, so you need to think about countermeasures.
- A full-fledged 'SHORT' position entered near 'S1'
Entry point: When resistance is confirmed in 'S1', 24119.5-24294.1
1st: 22421.2-23129.6
2nd: 20984.7-21826.1
3rd : 19411.7-20122.5
End of transaction: Around 17864.7
However, if you fail to do so below 5EMA on the 1D chart or M-Signal on the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits.
- Full-fledged 'LONG' position entered near 'L1'
Entry point: When support is confirmed near 'L1', 25882.9
1st: Around 27102.7
2nd : 28951.7-30000.5
Trade close: around 32275.6
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(BTCKRW chart)
We need to see if we can sustain the price by moving above 32042000.
In particular, the key is whether it can rise above the M-Signal of the 1M chart.
If not, you should check for support near the HA-High indicator (31468000) on the 1W chart or around 29639000.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
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** 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.
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BTC Dominance - See you at 200 Week MAWith regulation incoming and Bitcoin dominance continuing to show relative strength, we should expect a progressive rally to the 200-week MA (with many up and down moves in between). I've had this trade going since early January but am only posting it now that I'm feeling particularly confident.
Thanks!