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Btcdominance

BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets. Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today’s session. As a result of today’s drop in price, bitcoin fell to its weakest point since Sunday, breaking out of a floor at $22,500 in the process. Looking at the chart, the drop came as the 14-day relative strength index (RSI) fell to its lowest level since last Thursday. At the time of writing, the index is tracking at a level of 79.93, which comes less than 24 hours after hovering at 85.09. Since its earlier breakout, the world’s largest cryptocurrency has somewhat rebounded and is currently trading at $22,614.62. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
Altcoins To Correct Hard Against Bitcoin According To DominanceI suspect altcoins get brutalized during the next correction for whatever reason, but BTC stands stronger - hence what I see in the BTC dominance chart. Alts are about to face a C-wave against BTC. The bottom of wave II in BTC.D happened when Bitcoin broke above its former ATH of $20K the first time in December 2020. In January 2021, it immediately turned back toward altcoins. But when the correction ends, you want to move some BTC into altcoins because wave 5 in dominance is going to be bonkers.
CRYPTOCAP:BTC.D
by CoinChartist
2
Check if there is movement out of the box sectionhello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) We need to see if it can rise above 44.07B. (BTC.D 1D chart) During the volatility period of 22nd-24th January, it will be a question of whether it can find resistance and decline in the 43.75-45.68 area. Otherwise, if it rises above 45.68, there is a possibility that a strange market will be formed where only BTC rises, or the coin market will show a major decline. The rise in BTC dominance means that money is concentrating towards BTC. Therefore, it is likely that BTC will dominate the coin market. With BTC dominance, you can only tell whether funds are concentrated towards BTC or altcoins, but cannot predict the movement of BTC price. The next volatility period is around March 30th. (USDT.D 1D chart) During the volatility period of January 23rd-25th, we need to make sure it stays below 6.90. --------------------------------------- ---------------------------- (BTCUSDTPERP 1D Chart) It is showing a decline without renewing the high. You need to make sure you can climb with support around 22471.5. It is necessary to make sure that it can be supported in the 20984.7-21826.1 section, which is important for the medium and long term. If not, and it falls below 20643.2, 1st : 19411.7-20122.5 2nd: Around 17935.7 You need to check if it is supported in the vicinity of the 1st and 2nd order. I am just walking sideways in the sideways section, but the movement of altcoins is unusual. We believe this move is because BTC dominance is getting closer to 45. In a situation where funds are not properly flowing into the coin market, the rise in BTC dominance has become a factor that can lead to the vitality of the coin market. However, if it rises above 45, there is a possibility that BTC alone will rise as funds from altcoins shrink and concentrate towards BTC if funds do not continuously flow into the coin market. It's fortunate if BTC alone rises, but if it falls together, the price of altcoins will show a huge drop. As USDT is currently holding above 66.442B, the price defense of the coin market is likely to be achieved. However, if USDC continues to gap down, there is a possibility that the price defense of the coin market will be broken, so you should keep an eye on it. --------------------------------------- (1h chart) If the price is above the M-Signal on the 1D chart, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. The 'LONG' position to be entered near 'L1', 20794.4-20984.7 is in a state of first and second selling. At the end of the transaction 1. When touching the vicinity of 23937.1-24294.1 2. When falling below 5EMA on the 1D chart 3. When the average entry price is touched In fact, the second sale has been completed, so you can close the transaction anywhere you want. It shows a sideways movement in the 22471.5-22975.1 section. When a sideways range is formed in this way, it can be said that a range that can be traded with high leverage has been formed. Therefore, those who trade with low leverage need to trade when they break out of this sideways range to profit from the big trend. Those who trade with high leverage - Enter the 'SHORT' position near 'L2' and close the trade near 'S2'. - Enter the 'LONG' position near 'S2' and close the trade near 'L2'. However, if it moves out of the sideways range, it is recommended to close the trade as soon as possible. 5EMA on the 1D chart touched as it entered the sideways section. Thus, the possibility of volatility has increased. If you trade with low leverage, - When receiving resistance near 'S2', it is possible to enter the 'SHORT' position. 1st: Around 21826.1 2nd: Around 20984.7 End of trading: around 20122.5 However, since it can touch the uptrend line (1) and rise, it is recommended to proceed with the first sale or split the sale when you see support around 21978.5 to preserve profits. - When supported near 'L2', it is possible to enter the 'LONG' position. Close transaction: 23937.1-24294.1 With the high likely to be the 23937.1-24294.1 range, it is quite risky to open a new position in the 22471.5-22975.1 range. Therefore, it is recommended to avoid trading whenever possible. However, trading is always possible if you want to profit from a big trend, even with a small loss. In this case, you have to trade mechanically, no matter what your losses. Otherwise, if you keep changing your trades to cut losses in these small sideways zones, you may be left behind when the big trend starts. ------------------------------------------- - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT.dominance update by CRYPTO SANDERS. CHART ANALYSIS:-USD.dominance update USD has broken the bottom line by forming a dominance ascending triangle pattern and the latest one also continued from a 7.27% decline to 6.55% next target for USD dominance could be 5.81% if USD dominance breaks to 5.81% If this goes up, we can see USD dominance up to 4.59% I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
CRYPTOCAP:USDT.D
by CryptoSanders9563
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS. CHART ANALYSIS:-BTC is retesting over the descending channel. The current short-term resistance level is $23.5K. The bulls need to clear the $23.5K resistance for the continuation of the bullish momentum in the market. In case of a failed retest of the descending channel, $19K is a strong support level for bulls to make a higher low over that level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
BITCOIN/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) consolidated for a third straight day, as traders continued to secure gains from Saturday when prices rose to a five-month high. Despite consolidating, BTC/USD remained above $23,000 for most of today’s session, hitting a high of $23,134.01 in the process. This comes less than 24 hours after it was trading at a low of $22,654.30, which is near short-term support at $22,500. Looking at the chart, BTC is currently trading at $22,913.54, and this comes as the 14-day relative strength index (RSI) neared a ceiling of 86.00. At the time of writing, the index is tracking at a level of 85.09, with a floor of 80.00 another possible destination for traders. The 10-day (red) moving average has also begun to show signs of peaking, which could lead to a sudden shift in momentum. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
5
To turn into a long-term uptrend...hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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) All charts confirm the gap increase and show an uptrend. (USDC 1D chart) All charts show an increase in the gap, but it's still too early to say it's on the rise. (BTC.D 1W chart) During the volatility period of 22nd-24th January, it will be a question of whether it can find resistance and decline in the 43.75-45.68 area. Otherwise, if it rises above 45.68, there is a possibility that a strange market will be formed where only BTC rises, or the coin market will show a large decline. The rise in BTC dominance means that money is concentrating towards BTC. Therefore, it is likely that BTC will dominate the coin market. With BTC dominance, you can only tell whether funds are concentrated towards BTC or altcoins, but cannot predict the movement of BTC price. The next volatility period is around March 30th. (USDT.D 1D chart) During the volatility period of January 23rd-25th, we need to make sure it stays below 6.90. No matter how the USDT, USDC, BTC.D charts change, the decline in USDT dominance is likely to indicate an uptrend in the coin market. Therefore, to see the trend of the short-term coin market, you just need to check whether the USDT dominance is currently on a down or up candle. If USDT dominance is on a falling candlestick, it can be interpreted that the coin market is likely to show an uptrend. --------------------------------------- (BTCUSDT 1W chart) Volatility is likely around the week that includes January 30th. Therefore, it is necessary to keep a close eye on movements during this period of volatility. The MS-Signal indicator has turned into an uptrend. Therefore, we see a mid- to long-term uptrend, but it needs to hold the price above 20050.02 to be maintained. I also hope that it will just turn to the uptrend with a bigger rise, but it has been in a downtrend for too long. Therefore, it is unlikely that it will show an immediate uptrend. Therefore, when rocking up and down, it is important at which point and which section you are supported. The StochRSI indicator is approaching the 100 point. So, it's showing tremendous upside strength. If the price fails to make a new high when it is showing such high strength, it is more likely that it will eventually lead to a bearish picture. When StochRSI turns down and exits the overbought zone, it is important to see where it finds support or resistance. 1st: 21023.14-21853.06 2nd : 19695.87-20050.02 3rd: Around 17880.71 (1D chart) Breaking highs is important to continue the uptrend. And, it is also important to look at raising the lows. Therefore, it is necessary to check whether there is a movement out of the yellow support and resistance zone. If the current price shows a sideways trend, sooner or later the Heikin Ashi body will start showing a bearish sign. This is the time to see if you can overcome it or not. In order to turn into a long-term uptrend, the price must maintain the price by rising above the HA-Low on the 1M chart and above the MS-Signal (M-Signal) on the 1M chart. Currently, M-Signal on the 1M chart is declining around 26K. What is important to look at during this period of volatility, around January 21-28 (up to January 18-31) 1. Can an M-Signal indicator on the 1M chart be created next month by maintaining the price around 21023.14? 2. Can it be supported and rise on the newly created 1D chart's HA-High indicator? 3. Can the price be maintained above 20050.02 to maintain the mid- to long-term upward trend? You need to check the 3 things above. If you show support like this, chances are you'll end up rocking up and down while walking sideways. However, I think this is a positive move from my point of view as it has turned into a new trend. To maintain this new trend, you need to keep the price above the downtrend line (1) even if it shows a decline. This is a very important point from a mid- to long-term perspective. A decrease in USDT.D and a decrease in BTC.D means that the coin market is likely to show an upward trend as funds are concentrated towards altcoins. Therefore, it can be interpreted that BTC prices are likely to move sideways or fall, while altcoins are likely to show an upward trend. However, if the BTC price falls below a certain point, the price of the altcoin will drop sharply. If you don't find a way to deal with it, you'll end up losing money or buying at the top. ------------------------------------------ - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
BITCOIN DOMINANCE: FACING SOME RESISTANCEHello traders, it's me Dexter with yet another update on BTC dominance. This is going to be important so make sure you read it till the very end. The timeframe used: 3 days. So, BTC.D is basically Bitcoin’s share out of the total market capitalization of all cryptocurrencies. Bitcoin Dominance tells you whether the altcoins are performing better, worse, or similar to Bitcoin. Recently, we saw altcoins make some good gains along with BTC, and also we saw BTC dominance increasing close to 9%. Technically, these three don't go along together. If BTC.D increase along with BTC then Altcoins decreases but this time it didn't happen that way. This proves that the trend is changing and the market doesn't necessarily follow the same old rules. So, what's next? Both BTC and BTC.D are at the resistance and the total2 broke out above the resistance. If BTC.D breaks above the 44.5% resistance level then it will possibly move toward the next initial target which is the 48%-50% resistance level. A rejection on the other hand may drop the dominance back to a 42.4% support level. Things are crucial at the current resistance level. If BTC.D gets rejected then BTC must continue to rally in order to keep up with the altcoin's rally. What's your thought on the BTC dominance? If you have a better explanation then I would be happy to know to get some ideas from you guys. Thank you for reading. Trade safely.
CRYPTOCAP:BTC.D
by Dexter_The_Trader
2
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high. Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today. Today’s rally saw bitcoin jump to its highest level since August 24, when the price at the time was trading at a top of $23,600. As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back toward a ceiling of 90.00. Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits. As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
2
Will it touch around 24K and form a high point...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) We need to see if it can rise above 44.07B. (BTC.D 1D chart) It is important to see if it can rise above 43.75 to meet resistance and fall. (USDT.D 1D chart) It is necessary to check which direction it deviate from the 6.90-7.27 section. USDT is holding above 66.442B. The phrase being maintained can be interpreted as meaning that the coin market is rising with the funds currently in the coin market. Therefore, in order to continuously maintain the upward trend of the coin market, it is necessary to continuously see funds flowing into USDT. USDC's continued gap decline should be cautious as it could put pressure on the coin market, limiting its uptrend. BTC dominance is looking to rise above 43.75. Therefore, the key is whether it can meet resistance and decline in the 43.75-45.68 area. If BTC continues to rise and the BTC dominance rises above 45.68, I think there is a possibility that the altcoin's price will start to decline as the brakes are put on the brakes in the counterproductive effect. Therefore, it is necessary to give altcoins enough time to rise or show that new funds are flowing into the coin market. It is necessary to check whether there is a change in movement based on the volatility period of BTC dominance around January 23rd. The decline of USDT dominance below 6.90 shows that the coin market is on an uptrend. The key is whether it can break the 5.89-6.21 range, which is expected to be the peak of this bullish trend, and fall. If not, it is expected to form a high in the coin market. It is necessary to check whether there is a change in movement based on the volatility period of USDT dominance around January 24th. I told you that you should buy (you have to dip your feet) before this upward trend, but if you ask if it is okay to buy altcoins even now after they have risen like this without buying at that time, my answer is one thing. I will tell you to trade your current altcoins and increase the number of coins (tokens) corresponding to your profit to continuously lower the average unit price or increase the number of coins (tokens) you own. The period of maximum volatility is around January 19-30 (Jan 18-31). The period of full-fledged volatility is around January 21-28 (Jan. 20-29). --------------------------------------- (BTCUSDTPERP 1D Chart) The 20984.7-21826.1 section, which is important for the mid- to long-term, has been broken upward. So, the question is whether the price can be maintained at or above the 20984.7-21826.1 range. However, as I keep telling you, in order for this upward trend to continue, it is necessary to show that funds are continuously flowing into the coin market. However, since there is almost no such appearance at present, the possibility remains that this rise is an increase for a larger decline. I think the point that makes that thought disappear is when it rises above 29K. In this volatility period, it is likely to touch the M-Signal on the chart up to 1M, and if it fails to find support around 24K, it is expected to form a high and start to decline. When it starts to decline, the most important thing is not to fall below the current downtrend line (1). If this is maintained, it is expected that even if it drops significantly, it will eventually rise again to form a BOX section. From a short-term perspective, all conditions are met to continue the uptrend. However, this is not yet the case from a mid- to long-term perspective. From a mid- to long-term perspective, it must rise to 59K to satisfy the conditions for continuing the upward trend. However, this rise is nonsense, so it is said that there will always be sections that shake up and down. The point where you can shake it up and down like that is around the 24K mentioned above and around the M-Signal on the 1M chart. From a long-term perspective, the HA-Low indicator on the 1M chart at 20984.7 is looking to be created, although it has not yet been convincingly created. Therefore, a support near this point increases the likelihood of a long-term uptrend. Depending on where this month's candlestick closes, whether or not the HA-Low indicator on the 1M chart is created depends, in fact, this period of volatility is expected to be a turning point. If the 20984.7-21826.1 section is included at the central point that will form a sideways section, I think you should start buying from a long-term investment perspective. Since you are starting to buy from a long-term investment perspective, you can buy at least one year, so if you buy too much from the beginning, you can keep it on a long voyage and finish the transaction midway. Therefore, a long voyage fit trading strategy is required. The expected sideways section is the 19K-24K section. However, it can start sideways in the 17K-20K section below that. Therefore, from a long-term investment perspective, you should start buying after a wave on the 1D chart and check the flow. ----------------------------------------------------- (1h chart) If the price is above the M-Signal on the 1D chart, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. The 'LONG' position to be entered near 'L1', 20794.4-20984.7 is in a state of first and second selling. At the end of the transaction 1. When touching the vicinity of 23937.1-24294.1 2. When falling below 5EMA on the 1D chart 3. When the average entry price is touched In fact, the second sale has been completed, so you can close the transaction anywhere you want. It is ambiguous to select a 'SHORT' position because the price does not show a sideways movement. So, I guess we'll have to wait for price volatility to happen. It is good to see if there is support or resistance near the MS-Signal indicator. To enter a new position, you can enter a position in a direction that deviate from 'T2', 22471.5-22975.1 section. Entering the 'SHORT' position is when it shows resistance in the 22471.5-22777.2 section and falls below 22471.5. When it shows support in the 22471.5-22975.1 section and rises above 22975.1, it is possible to enter the 'LONG' position. However, it is recommended to close the transaction in the 23937.1-24294.1 section, which is highly likely to become a high, and observe the situation. ------------------------------------------- - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
10
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN/USD update by CRYPTO SANDERS. CHART ANALYSIS:-Bitcoin ( BTC ) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses. The rally comes despite the news that crypto lender Genesis has filed for bankruptcy, following the likes of FTX. BTC/USD rose to an intraday high of $21,175.24 earlier in today’s session, which comes from a low of $20,689.88 on Thursday. Looking at the chart, today’s rebound in price came as the 14-day relative strength index (RSI) moved back above the 80.00 mark. As of writing, the index is at the 80.40 level, with the next visible resistance level at the 88.00 zone. Many expect that BTC could make another attempt to break out of a key resistance point at $21,400. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC is attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400. The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back. We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
3 things to check during periods of volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) (USDC 1D chart) (BTC.D 1W chart) The next volatility period is around January 23rd. (USDT.D 1D chart) The next volatility period is around January 24th. I think that being able to roughly know the flow of money in the coin market through the charts of USDT, USDC, BTC.D, and USDT.D is like a ray of light for individual investors. Through USDT and USDC charts, it is possible to roughly grasp how much money is flowing in or out of the coin market. The key here is the flow of the USDT chart. This is because USDT can be traded directly through the USDT market supported by all exchanges around the world. Therefore, I think that the increase in the gap of USDT is a phenomenon that is highly likely to lead the coin market to an upward trend. USDC is moving a bit differently than USDT. USDC believes that it is related to various investment products that have launched coins as investment products in the stock market. Therefore, I think that existing investment companies are indirectly investing in the coin market through USDC. The movement of USDC is understood to indicate that the coin market is correlated with the stock market. Because of this, I think that USDC's gap decline means that it is more likely to decouple from the stock market. Through the BTC.D and USDT.D charts, you can see where the current funds are more concentrated and the rise and fall of the coin market. With the BTC.D chart, you can see whether the money is currently concentrated towards BTC or altcoins. With the USDT.D chart, you can see to what extent the current coin market is rising or falling. Since the movement is checked from the overall perspective of the coin market, it may differ from the movement of the coin you are actually investing in. For example, if both BTC.D and USDT.D are showing a decline, it can be interpreted that the coin market is likely to show an upward trend as funds are concentrated towards altcoins. Therefore, it means that altcoins are showing more activity than BTC. --------------------------------------- (BTCUSDT 1W chart) Volatility is likely around the week that includes January 30th. So, during this period of volatility, you should check for a move out of the 21023.14-21853.06 area. However, more important than the rise is whether it can be supported in the 21023.14-21853.06 section. Currently, we see a mid- to long-term uptrend, but we need to hold the price above 20050.02 to stay there. If that happens, MS-Signal is likely to turn bullish as it turns into a bullish sign. (1D chart) Full-scale volatility is expected to begin around January 21 (Jan 20-22). What is important to look out for during this period of volatility is 1. Can an M-Signal indicator on the 1M chart be created next month by maintaining the price around 21023.14? 2. Can it be supported and rise on the newly created 1D chart's HA-High indicator? 3. Can the price be maintained above 20050.02 to maintain the mid- to long-term upward trend? You need to check the 3 things above. If you show support like this, chances are you'll end up rocking up and down while walking sideways. However, I think this is a positive move from my point of view as it has turned into a new trend. To maintain this new trend, you need to keep the price above the downtrend line (1) even if it shows a decline. This is a very important point from a mid- to long-term perspective. Currently, as the circulation pumping of altcoins continues, a lot of altcoins are being traded. It is important as a trader to make a lot of money by trading somehow. However, in a situation where funds are not flowing into the coin market, the circulation pumping of altcoins is highly likely to be a movement to withdraw funds, so you must set a stop loss point and respond accordingly. In this situation, the best thing to do is to prepare for when the circulation pumping is over by reducing the investment portion of the altcoins you own. If you want to trade current altcoins, it is recommended that you hold and trade altcoins whenever possible. This is because it can make up for losses to some extent in the event of a sudden plunge. If you start a new trade and take a loss or hold it at a loss, you will incur a new loss. Then you will incur a larger period loss as you will not be able to buy when a better time to buy is coming. Can I trade altcoins now? I get asked this question often these days. If possible, do not trade, and reduce the proportion of the altcoin you currently hold. I am answering. when it goes down, 1st : around 20050.02 2nd: Around 19176.93 It is necessary to check whether it is supported in the 1st and 2nd sections. If it rises above 21023.14 and holds the price, 1st: Around 21853.06 2nd: Around 22487.41 It is necessary to check whether resistance is received in the 1st and 2nd sections. It looks like the HA-Signal indicator on the 1M chart is falling around 26K. Therefore, if it surges, be careful as there is a possibility of a sharp decline while touching the HA-Signal indicator on this 1M chart. This movement is the basis for the possibility of consolidation in the maximum range of 17.8K-26K mentioned in the 1W chart description. ------------------------------------------ - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
11
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures. The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50. Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate. Looking at the chart, a drop was somewhat expected with the 14-day relative strength index (RSI) tracking near a two-year high in recent days. As of writing, the index is at the 78.40 level, which is marginally above a floor at the 77.00 mark. Should a move below this point take place, it is likely that BTC bears could push prices toward the $20,000 zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
Get support during periods of volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice 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 1D chart) I need to see if I can keep it at 66.442B or higher. (USDC 1D chart) We need to see if it can rise above 44.07B. (BTC.D 1D chart) It is important to see if it can rise above 43.75, meet resistance, and fall. (USDT.D 1D chart) It is necessary to check which direction it deviate from the 6.90-7.27 section. --------------------------------------- (BTCUSDTPERP 1D Chart) A decline below 20984.7 would see the Heikin Ashi body turn into a bearish indicator. Therefore, we expect to see the first bearish sign in the uptrend that started on January 1st. The single drop shows that StochRSI is trying to get out of the overbought zone. If the price holds above 19411.7, it is expected to maintain its upward trend over the medium to long term. However, if this month's candle closes around 20984.7, the HA-Low on the 1M chart will be created at the point currently marked, so it will form a point where you can buy and trade from a long-term perspective. The most important thing on BTC's chart is to keep the price above the downtrend line (1). If the price stays above the downtrend line (1), it turned into a new trend (downtrend → sideways) on November 27, 2022. And, as it breaks away from the downtrend line (1), it will maintain the movement that has turned into a new trend (sideways → uptrend). It can be seen that these movements represent a transition of flow over the mid- to long-term. Then, the HA-Low on the 1M chart appears to be created at the 20984.7 point, showing a long-term turn to the uptrend, supporting the movement mentioned above. If USDT is maintained above 66.442B and the gap continues to rise towards 68B, it is expected that this movement will be greatly supported. USDC's decline should pay attention to the price fluctuations of ETH, including US investment capital and investment products. However, USDC's continued gap decline can eventually adversely affect the coin market, so you should keep an eye on it. I don't think there is anything stronger than the issues I've been through so far. It means that as long as the current economic situation continues to be maintained, it will not be a big enough issue to greatly shake the investment market. It is judged that a lot of funds and money that move the world economy are not properly looking for investment destinations due to the deterioration of the actual economy. Therefore, it means that there is a high possibility that funds and money will be concentrated in the investment market, that is, the stock market or coin market, rather than the actual economy. However, signs that funds are still flowing into the coin market are weak. So, I don't think now is the time to start investing in earnest. This period of volatility is up to around January 19-30. However, the period expected to show full-scale volatility is around January 21-28. (1h chart) It entered the 20570.1-20984.7 section again. thus, 1. 'LONG' position - Entry: When it shows support around 20794.4 and rises above 20984.7 1st: Around 21826.1 2nd: 22471.5-22975.1 Close transaction: 23937.1-24294.1 2. 'SHORT' position - Entry: When it shows resistance around 20794.4 and falls below 20570.1 1st: around 20122.5 Trade Closed: 19188.6-19411.7 It is possible to enter a full-fledged 'SHORT' position only when it falls below the M-Signal on the 1D chart. Therefore, a quick response is required when entering the current 'SHORT' position. A drop below 19411.7 means that further declines are likely, as the price needs to stay above the M-Signal on the 1W chart to maintain the mid- to long-term uptrend. ------------------------------------------- (BTCKRW 1D chart) The question is whether it can rise above 27317000 and break out of the downtrend line. The next volatility period is around January 28th. ------------------------------ - 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. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Where is BTC going?nothing to really do this week other than wait and let the market make more movements. There are 3 scenarios that i can see happening. 1. i would like to see a pull back into 19300 mark before seeing a climb back higher 2. market will look to liquidate early sellers from 22000 top 22500 area before pushing down towards that 19300 area 3. market just blows right up into 24600 area What i ultimately would like to see is scenario 2 with a slight manipulation above the current highs to get rid of all sellers before pushing back down towards 19300 area
COINBASE:BTCUSD
by opes_trading_group
2
BTC/USDT 4HOUR UPDATE !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-the 4-hour timeframe, it is evident that the price has fully recovered from the FTX crash and reached its prior major daily pivot at $21.5K. Major pivots are crucial levels in classic price action patterns, and moving above them could be a bullish sign of an uptrend. Meanwhile, the price has formed a double-top reversal pattern, a well-known bearish signal, and if it gets rejected, a leg down will be possible. Hence, considering the importance of this region, the upcoming price action should decide Bitcoin’s path in the mid-term. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563
BTC.Dominance Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last (LONGTERM) idea. Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b), which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area. We already reached minimal target for completed our wave of (c). After which ending diagonal will completed, i expect a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins. confirmation of fall - 40.8% Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DLong
by trytofeelpositive
7
BTC.Dominance Elliott Waves Analysis (midterm Expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last (LONGTERM) idea. Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b), which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area. After which, a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins. Target zone: 43-44% cancellation of grow - consolidation below 39%. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DLong
by trytofeelpositive
11
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China. Figures from the world’s second-largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected. As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75. Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400. This ceiling has been in place for the past two months and was marginally broken over the weekend. The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:-BTC breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move. Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
Long
by CryptoSanders9563