Things to watch out for when buying altcoins
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(BTC.D 1M chart)
If BTC dominance falls below 55.01 and remains or shows a downward trend, funds are expected to start moving toward altcoins.
This movement of funds will eventually lead to an upward trend in altcoins.
(USDT.D 1M chart)
I think the coin market is on an upward trend because USDT dominance fell below 4.97.
Therefore, the point to watch is whether USDT dominance is maintained below 4.97 or shows a downward trend.
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(BTCUSDT 1D chart)
If the flow of funds moves to altcoins, the movement of BTC and the movement of altcoins are likely to move differently.
Therefore, unless BTC passes an important support and resistance point, the movement of BTC is likely to have a large impact on altcoins.
Therefore, if BTC dominance falls below 55.01, I think it is better to trade altcoins than BTC.
Since the rise in BTC price is likely to lead to the rise of altcoins, what we need to pay close attention to is the support and resistance points when BTC falls.
Based on the current price position, the most important support and resistance point is 71280.01.
Before that, since the 72344.74 point is important on the 1D chart, the 71280.01-72344.74 section can be seen as an important support and resistance section.
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(1h chart)
However, since there is a possibility of volatility when BTC touches the 5EMA of the 1D chart, the movement at this time may affect altcoins.
Also, there is a possibility of volatility when touching the M-Signal indicator of the 1D, 1W, and 1M charts, so caution is required when trading.
Currently, the 5EMA of the 1D chart is passing around 74K, so it is expected to touch the 5EMA of the 1D chart soon.
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When coins (tokens) rise, most of them show a stepwise upward trend while touching HA-High or BW (100).
Even if the stepwise upward trend continues, you need to be careful when it falls below the MS-Signal (M-Signal on 1D, 1W, 1M charts) indicator.
The reason is that there is a possibility of a downward trend.
Therefore, you should always think about how to respond when it falls below the MS-Signal indicator.
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The basic chart for trading is the 1D chart.
Therefore, you must check the movement of the 1D chart before starting a trade.
Therefore, you can mark the support and resistance points on the 1M, 1W, and 1D charts and check the movement at those support and resistance points on your trading time frame chart.
(1h chart)
Let's take a 1h chart as an example.
When the BW(100) line is created on the 1h chart, the price will fall.
However, you can see how much it will fall, but usually the decline will stop when it touches the HA-High, 5EMA on the 1D chart, and MS-Signal (M-Signal on the 1D, 1W, 1M charts) indicators.
At this time, since there is a high possibility that a trend will be formed due to the volatility that occurs, caution is required when this movement is seen.
Therefore, you can trade by buying when the price falls and breaks through the indicators listed above.
In most cases, buying when it breaks through the BW(100) upward is the last chance to ride the trend.
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When it moves sideways near the HA-HIgh indicator, a box section is formed.
When it breaks out of the box section formed in this way, it can be seen as the time when the trend is formed.
Therefore, it is necessary to consider whether to trade within the box section of the HA-High indicator.
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As long as the price of BTC does not fall below the important support and resistance points, you can make a profit by buying and waiting when the price of the altcoin falls.
Therefore, it is recommended not to suffer by buying altcoins that have risen too much.
Since altcoins that have risen too much can lead to a larger rise, it is recommended to buy when these altcoins make a downward candle on the 1D chart.
However, when buying, do not forget to check whether there is support near the support and resistance points drawn on the 1M, 1W, and 1D charts.
If you bought at a point where there is no support and resistance point drawn on the 1M, 1W, and 1D Tsuta, a short and quick response may be required.
If you buy like this, you should think about whether to sell in installments when BW(100) is generated on the 1h chart (the time frame chart you mainly see and trade) and buy some more when it goes down and then goes up.
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If BW(0) or HA-Low indicators are generated and show support, it is time to buy.
You should also not forget this.
Usually, when BW(0) is generated, it is likely that it is already in an upward state.
Therefore, you need to think about how to buy when it goes up with a split transaction and place a buy order at the point where the BW(0) point is generated.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it goes up by more than 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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