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Pay attention to the future impact of USDT volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- 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) The Market Cap charts (USDT, USDC, BTC.D, USDT.D) introduced above are charts that give you a rough idea of the flow of funds in the coin market. The most important of these is the movement on the USDT chart. USDT is one of the stablecoins supported by all exchanges around the world. That means that there are quite a few exchanges supporting the USDT market. Funds flow in and out of the coin market through USDT and USDC. In particular, the rise and fall of USDT has a great influence on the flow of funds in the coin market. The volatility of USDT is likely to have a large impact on the coin market, so it is necessary to look carefully. Thus, by analogy with roads, USDT and USDC mean road width. The larger the road width, the more cars can pass at the same time. Therefore, USDT and USDC should keep rising while creating a gap. If you look at the USDT 1M chart, you can see that it has risen to the previous high. So, you can see that the funds have mostly been recovered. The BTC.D, USDT.D chart is like the speed of a car. No matter how fast the cars are, if the road width is narrow, the cars will inevitably slow down due to congestion. Therefore, in the big picture, it can be seen that USDT and USDC are ahead of BTC.D and USDT.D. We are sensitive to all kinds of articles and announcements and use them to predict the coin market. However, nothing can be done with just these articles and announcements. Therefore, rather than that, you should check how your funds are moving and proceed with transactions in the direction in which your funds are moving. Since the flow of funds may show different movements such as articles or announcements, it will be of great help in actual trading. Therefore, it is more important to check the movement of funds than the announcement of economic indicators. As mentioned above, USDT has almost recovered its previous fund size. In other words, you have the money you need to rise. This should not be overlooked. --------------------------------------- (BTCUSDTPERP chart) (1D chart) It is necessary to check whether there is movement outside the maximum range of 25882.9-30000.5. To do so, it is important to be supported and able to rise around 27656.1. The MS-Signal indicator is designed to see trends. Therefore, if the price is above the MS-Signal indicator, it is likely to continue its uptrend. As the price moves sideways, we expect it to cross over with the MS-Signal indicator before long. At this time, the trend may change depending on whether it is supported or resisted, so you need to keep an eye on the movement. If it falls below 27102.7-27656.1, you should touch the uptrend line (1), near the M-Signal on the 1M chart and see if it can rise. As I said in the Market Cap chart description above, USDT is almost back in its fundraising state. Therefore, if the price is maintained in the current section, it is expected to rise above 30000.5. The important thing in chart analysis is the trend. However, it is the points of support and resistance that are important to any trading strategy. No matter how well you match the trend, you should spend more time creating a trading strategy because if you don't create a good trading strategy, you will most likely fail the trade. trading strategy 1. Investment period 2. Investment scale 3. Transaction method and profit realization method Must be made according to #1-3 above. (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. You are currently walking sideways in 'L2', 27656.1-27347.5. However, since the full-fledged position entry range is 26907.0-28951.7, it is expected that a trend will be formed only when it is out of this range. Therefore, the 26907.0-28951.7 section is a box section with high leverage. If you touch the M-Signal indicator on the 1D chart, volatility is expected to occur, so be careful when trading. - Full-fledged 'LONG' position (black letters) - Full-fledged 'SHORT' position (black letters) ------------------------------------------- (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. The next volatility period is around April 17th. ------------------------------ - 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. ---------------------------------
by readCrypto
2
Significance of the 28923.63-26574.53 sectionHello? 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) Still, USDT and USDC are moving in opposite directions. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. You have to look at the market thinking that BTC dominance will rise. An increase in BTC dominance means that funds will be concentrated towards BTC. Therefore, regardless of whether BTC price rises or falls, altcoins will gradually move sideways or decline. We need to see if the USDT dominance can break away from the uptrend line (1) and the downtrend line (2). In particular, it is necessary to check whether it is out of the 6.85-7.27 range. Since USDT dominance is currently moving sideways, it can be seen that the overall movement of the coin market is moving sideways. --------------------------------------- (BTCUSDT chart) (1W chart) The question is whether it can hold the price around 26574.53 and rise above 32259.90. If it falls below 26574.53, you should check for support around 20862.47, i.e. near the HA-High indicator. Keeping the price above the M-Signal indicator on the 1M chart means that there is a high probability of continuing the uptrend from a long-term trend perspective. (1D chart) It is important to keep the price above 26574.53 (26013.28-27079.41) and rise above 28923.63. To do that, we need to make sure it has support around 27662.82. Since it is sideways, I expect it to move similarly until it breaks out of the 26013.28-28923.63 zone. The next volatility period is on or around April 7th, so you need to check beforehand to see if there is any movement away from the 26013.28-28923.63 area. As BTC dominance rises, the difference between the BTC price and the price movement, or slope, of altcoins will increase. Therefore, it is BTC or ETH that we should pay attention to right now because the purchase of altcoins is possible until the BTC price is around 43K. This is because these two coins are the time to focus on buying in preparation for the BTC halving next year. ------------------------------------------ (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd : 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The volatility period runs through April 3rd. ------------------------------ - 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. ---------------------------------
by readCrypto
1
🔥 Stable coin Landscape Changed Drastically In 2023In this analysis I want to shed some lights on the top 3 biggest stable coins and how their relationships changed in 2023. First of all, it's natural for stable coin marketcaps to decrease during bear markets. Investors are leaving the space and exchange their stables for fiat. This is something we've seen for the better part of 2022. However, things changed in 2023. - 13th of Feb: Binance and PAXOS (the issuer of BUSD) got hit by the SEC (U.S. Securities and Exchange Commission), which led to no more BUSD being minted. In turn, this has led to BUSD holders to convert their stables to both USDT and USDC, which saw a significant up tick in their marketcap. Basically, BUSD is a dead coin at the moment and will inevitably go to a marketcap of zero. - 10th of March: USDC depegged from HKEX:1 during the depths of the banking crisis because it had funds in SVB. USDC quickly repegged, but trust has been damaged to such an extent that investors dumped their USDC and moved to USDT. In the end, I think that USDT is the big 'winner' of the stables. It was the first, the biggest and apparently the safest. In my eyes, there's little reason to have any other stable than USDT, since it has clearly shown resilience over other big stables. In addition, I think that the market will gradually move towards having only 1 stable coin, it being USDT. What is your preferred stable coin, and why? Share your thoughts 🙏
GLASSNODE:BUSD_SUPPLYLong
by FieryTrading
7
Start of new monthHello? 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) USDT is trending higher, while USDC is trending lower. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. We need to see if USDT dominance can fall below the uptrend line (1). --------------------------------------- (BTCUSDTPERP chart) (1M chart) As new candles are created, we will update you again. The question is whether the price can sustain its rise above 28951.7. If that happens, the chances of the MS-Signal indicator turning into a bullish sign will increase. Then, from a trend perspective, it is expected to continue its long-term uptrend. When a new candlestick is created, it is necessary to check the value of the RSI indicator. This is because it is related to the HA-High indicator. This is because if the price maintains by rising above the HA-High indicator, it is more likely to renew the recent high from a trading perspective. The StochRSI indicator is moving up into the overbought zone, so you should check to see if it is showing signs of exiting the overbought zone. (1W chart) Compared to the movement of the 1M chart, both the trend and trading perspectives are showing an upward trend. Therefore, the possibility of continuing the upward trend has increased from a mid- to long-term perspective. However, if it rises above 32275.6 and maintains the price, it is expected to start a full-fledged uptrend. There are so many volume profile sections, so the key is whether it can break through upwards. (1D chart) The question is whether it can hold the price above 27656.1 and move higher above 28951.7. If not, 1st: 25882.9 2nd: 24294.1 3rd: 22421.2 You need to make sure it is supported in the vicinity of the 1st-3rd order. The 28951.7 point is the stop loss in the 32275.6-37243.4 section. Therefore, holding the price above the actual 28951.7 indicates that a full-fledged uptrend is likely to begin. If the price fails to hold above 28951.7, it is expected to turn into a short-term downtrend and you should think about how to respond. If BTC dominance continues to rise along with BTC's rise, there is a possibility that altcoins may gradually move sideways or decline. This is a phenomenon that occurs when funds are concentrated in BTC, so we expect it to create an opportunity to proceed with the secondary purchase of altcoins. This trend is likely to continue until around 43K. (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. - 'LONG' position that requires quick response entered near 'L2', 27656.1-28347.5 (marked in red letters) 1st: 28951.7-30000.5 2nd: around 30971.3 Trade close: around 32275.6 - Possible to enter 'SHORT' position, which requires quick response when falling after receiving resistance around 'S2', 26907.0-27102.7 1st: Around 25882.9 End of transaction: Around 24294.1 However, if you touch M-Signal, it is recommended to sell some or close the transaction to confirm profits. The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart. What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions. ------------------------------------------- (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. The next volatility period has been moved to around April 2nd. ------------------------------ - 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. ---------------------------------
by readCrypto
1
Creating a platform for an uptrend turnaround on the 1M chartHello? 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) USDT is trending higher, while USDC is trending lower. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. BTC dominance is expected to continue to rise. Therefore, when BTC dominance rises to around 50.49, you should check the position of BTC. Currently, it is showing resistance around 47.64-48.80. The reason why BTC dominance should rise could be the BTC halving next year. Also, this is because the rise in BTC dominance will be an opportunity to revitalize the coin market. The rise in BTC dominance can only tell you the degree to which funds are concentrated towards BTC or altcoins, but cannot be used to predict price movements. Therefore, to see the price volatility of the coin market, you need to check the USDT dominance. It can be interpreted that a drop in USDT dominance is highly likely to lead to an increase in the coin market. The volatility period runs through March 31st. --------------------------------------- (BTCUSDT chart) (1M chart) We need to see if we can move above 28923.63 and keep the price above the MS-Signal indicator. Keeping the price above the MS-Signal indicator is important because from a trend perspective, it is expected to continue the uptrend. What is important to look at on the 1M chart is when the HA-High indicator will decline. To do so, the RSI indicator (Closing price of Heikin Ashi) must enter the overbought zone. Due to the rise in March, we need to see what happens to the value of the RSI indicator in April. The current position of the HA-High indicator is 43823.59. Therefore, it may rise as it is and rise to around 43823.59, but since I think that is unlikely, the HA-High indicator is expected to show a decline. When the price rises above the HA-High indicator on the 1M chart and maintains the price, it is expected that the full-fledged upward trend for next year's upward growth will begin. In this full-fledged uptrend, it is expected that altcoins will gradually fail to follow the rise of BTC and either sideways or decline. Therefore, you should pay attention to the change in slope. This move is likely to continue around 43K, so you should take advantage of it when trading altcoins. (1W chart) You need to check the shape of the candle. The current shape of the candle is the shape of a doji candle. Accordingly, it becomes important whether it is supported around 26574.53. If it falls below 26574.53, there is a possibility of falling to the vicinity of the HA-High indicator. (1D chart) If it finds support around 27662.82, it is likely to continue its uptrend. So, the question is whether it can hold the price above 27662.82 and rise above 28923.63. If not, You need to make sure it is supported around 26574.53 (26013.28-27079.41). Section 28923.63-30105.25 corresponds to Section C. If it rises to this section C, it can be interpreted that it is completely out of the bottom section. However, it is necessary to confirm whether the price will be maintained above section C. If you ascend to section C, you can see that the bottom section was made over a period of about a year. If you fail to ascend, there is a possibility of falling to the vicinity of section B, so you should think about countermeasures against this. ------------------------------------------ (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd : 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next volatility period has been moved to around April 2nd. ------------------------------ - 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. ---------------------------------
by readCrypto
1
March's last period of volatility has begunHello? 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) In order for the coin market to maintain an upward trend, USDT dominance must decline. A rise in BTC dominance is likely to lead to a fall in altcoins as funds are concentrated towards BTC. Therefore, an increase in BTC dominance and USDT dominance may result in a decline in the entire coin market. In particular, if BTC dominance maintains an upward trend, altcoins are likely to gradually move sideways or show a downward trend, so countermeasures are needed. 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. --------------------------------------- (BTCUSDTPERP chart) (1D chart) You need to make sure you can get support around 27102.7 and rise above 27656.1. If the price holds above 27656.1, we expect a rise above 28951.7. If not, 1st: 25882.9 2nd: 24294.1 3rd: 22421.2 You need to make sure it is supported in the vicinity of the 1st-3rd order. The third period of volatility is March 28-31. In this volatility period, we need to see if there is a movement out of the 25882.9-28951.7 area. If not, you should check whether it is supported or resisted around 27656.1. If resistance is seen around 27656.1, it is likely that it will eventually decline. I think the 32275.6-37243.4 section is the last gateway to a full-fledged uptrend. Therefore, if it does not rise to this range and falls below 28951.7, it is highly likely that it will turn into a downtrend, so it is necessary to think about countermeasures. I think BTC below 29K is a buying section for next year's bull market. Therefore, I think you should focus on BTC or ETH and how to proceed with the purchase. When an altcoin is below BTC 29K, it is recommended to finish the 1st purchase. (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. - 'LONG' position that requires quick response entered near 'L2', 27656.1 (marked in red letters) 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 - Possible to enter 'SHORT' position, which requires quick response when falling after receiving resistance around 'S2', 26907.0-27102.7 1st: Around 25882.9 End of transaction: Around 24294.1 However, if you touch M-Signal, it is recommended to sell some or close the transaction to confirm profits. The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart. What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions. ------------------------------------------- (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd: 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next volatility period has been moved to around April 2nd. ------------------------------ - 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. ---------------------------------
by readCrypto
1
Third period of volatility: March 29-31Hello? 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. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. 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. --------------------------------------- (BTCUSDT chart) ---------------------------------------- (BTCUSDT 1W chart) The question is whether the price can stay above the M-Signal on the 1M chart and rise to around 32259.90. If not, you should check if it is supported near the HA-High indicator. (1D chart) The key is whether it can get support around 27662.82 and rise above 28923.63. If not, you should check if it is supported around 26013.28-26574.53. If it falls below 26013.28, there is a possibility that it will fall to around 23141.57, so a countermeasure is needed. The important interval for the long-term trend is the 32259.90-37253.81 area. If the price continues to rise above this range, a full-fledged uptrend is expected to begin. This full-blown uptrend is expected to set the uptrend for next year's bull market. However, if it rises above 32259.90 and fails to maintain the price and falls below 28923.63, it is highly likely to create a downtrend again, so you need to think about countermeasures. Therefore, the 28923.63 point in the long-term trend is an important point. The third volatility period was moved around March 30 (March 29-31) due to price volatility. The next period of volatility on this chart, i.e. the BTCUSDT chart, is around April 7th. When BTC is positioned below 29K (28923.63), you should focus on buying BTC or ETH. It is recommended to proceed with the first purchase of altcoins that will be held until next year's bull market. The reason for this is that when BTC continues its full-fledged uptrend, altcoins are likely to move sideways or show a downtrend. Therefore, when BTC is below 29K, it is a good idea to end most of your BTC or ETH purchases. However, as the current price has risen to around 29K, you need to be cautious about buying. This is because around 29K can act as a resistor. ------------------------------------------ (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd: 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next volatility period has been moved to around April 2nd. ------------------------------ - 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. ---------------------------------
by readCrypto
4
The second period of volatility is underway...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) Same as before. 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 (up to March 19-25) is currently underway. --------------------------------------- (BTCUSDTPERP chart) (1D chart) It is showing support and rising around 27102.7. We need to see if it can rise above 28951.7 during this volatility period. If not, we need to see if there is a drop around 25882.9. 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 that it will 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). (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. - 'LONG' position that requires quick response entered near 'L2', 27293.3 (marked in red letters) (The price has gone up and the HA-High indicator on the 1D chart is about to be created.) 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 However, if you touch 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits. The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart. What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions. ------------------------------------------- (BTCKRW chart) We need to see if we can find support at 35539000 and hold the price above 37585000. The HA-High indicator on the 1D chart is rising and is about to be created at the 36412000 point. So, if the price stays above 36412000, it is expected to continue its upward trend. if it goes down, 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. ---------------------------------
by readCrypto
5
Do not create trading strategies during periods of volatilityHello? 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. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. In order for the coin market to rise as a whole, a decline in USDT dominance must be made by default. When USDT dominance is in a downtrend, 1. Rise of BTC dominance: BTC leads the market, leading to the rise of the coin market. However, if BTC dominance continues to rise, altcoins will gradually start to move sideways or decline. 2. BTC dominance decline: Altcoins lead the market, leading to the rise of the coin market. However, if BTC dominance continues to decline, the volatility of BTC will increase, causing frequent whipsaws, which may limit the rise of the coin market. If USDT dominance maintains an upward trend, the coin market is likely to show a downward trend regardless of the movement of BTC dominance. 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 (up to March 19-25) is currently underway. --------------------------------------- (BTCUSDT chart) ---------------------------------------- (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. (1D chart) Looking at the screenshot above, the 'Strength' indicators on the left and right are different. Therefore, the trend is expected to be determined by whether there is support or resistance in the current zone, i.e. around 26560.0. What you need to check as an auxiliary indicator is good to use to determine how important the current trend or support and resistance points are. Creating a trading strategy with technical indicators is risky and should be done with caution. Therefore, the key is whether you can climb with support in the 26013.28-27079.41 section. If it falls below 26013.28, 1st: 24376.02 2nd: 22426.60 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. The trend on the 1D and 1W charts remains in an uptrend. However, the 1M chart cannot be considered to be maintaining an upward trend yet. Therefore, shake it up and down to make the HA-High indicator on the 1M chart fall or rise to the point where the HA-High indicator is currently located. However, since the current HA-High indicator point is located at 43823.59, I think it is more likely to cause the HA-High indicator to fall by shaking it up and down. I think the point where we expect to see a full-fledged uptrend is when it rises above 29K and maintains the price. Therefore, the closer you get to 29K, the more you feel that if you don't buy right now, you won't be able to buy it again. This is a natural instinct and is likely a high signal. So, what makes you overcome this is your trading strategy. If you do not plan in advance how you will trade, be careful because you will buy when the price rises and that buying point can become a peak. The basic buying method to overcome this is (based on 1D chart) 1. Buy when the bearish candlestick is about to close when it is above the MS-Signal indicator. 2. Buy when the bullish candlestick is about to close when it is below the MS-Signal indicator. You can purchase using methods 1 and 2 above. However, all transactions must be conducted in split transactions. This is because the above method is a way to buy regardless of support and resistance points or trends on the chart. ------------------------------------------ (BTCKRW 1D chart) The movements of the 'Strengh' indicator on the left and right charts are different. Therefore, it can be seen that it is important whether it is supported or resisted at the 35539000 point. if it goes down, 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. ---------------------------------
by readCrypto
9
Second period of volatility : March 19-25Hello? 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. 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. --------------------------------------- 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. ---------------------------- (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. ------------------------------------------- (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. ---------------------------------
by readCrypto
2
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). --------------------------------------- ---------------------------------------- (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. ------------------------------------------ (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. ---------------------------------
by readCrypto
2
Long 🤔 or Short 🤡Its funny seeing everyone posting about how ETH is about to fall off the face of the earth because of THEIR analysis... Well MY analysis is that shorts get wrecked and we go to 1500 and beyond. (From green zone) 😎 Mainly fundamentals at play here with Eth being more of a safe haven while USDC crumbles before our eyes, along with a contrarian outlook that every Joe and his Grandma are starting to short ETH so the market will take back from them little retailers shortly like every market does. Lots of FUD around at the moment and its at times like this I am happy to be a long term spot holder over options. DCA is your best friend on dips! I honestly can not see this going to 700, outrageous! Nor am I concerned about a decline as I love a fire sale! (I personally think we will close above 1550 by April 1st (Filling the gap in liquidity if you just look left)) What's your thoughts? Do you agree or not? Leave a comment and discuss!
BINANCE:ETHUSDLong
by XAUKilla
2
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. --------------------------------------- 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. ---------------------------- (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. ------------------------------------------- (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. ---------------------------------
by readCrypto
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. --------------------------------------- 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. ---------------------------------
by readCrypto
3
Backfiring BondsTwo financial institutions, Silvergate Capital and Silicon Valley Bank (SVB), collapsed early last week due to a series of ill-fated investment decisions which were exposed by global interest rate tightening. The collapses came after the institutions invested large amounts of capital in long-dated US government bonds, which were considered relatively low risk. However, as interest rates rose rapidly to combat spiralling inflation, bond portfolios started to lose significant value. As a result, when cash demands got high enough, Silvergate and SVB had to sell those backing assets at substantial losses. Silvergate announced a $1 billion loss on the sale of assets in the fourth quarter of last year, while SVB lost $1.8 billion. In both cases, US Treasury bonds comprised large portions of the liquidations. SVB, once the 16th largest bank in the US, then announced a $1.75bn capital raising to plug the hole caused by the sale of its bond portfolio. As one would anticipate, this news resulted in a run on the bank's reserves, and two days later, the bank collapsed, marking the largest bank failure in the US since the global financial crisis. The US government has since guaranteed all deposits of the bank's customers, which has attempted to address concerns of widespread contagion and further runs on other banks' reserves. After the collapse of these institutions, the Federal Reserve announced the Bank Term Funding Program (BTFP), which will provide banks and other depository institutions with emergency loans. However, JPMorgan has since stated this program could inject as much as $2 trillion into the American banking system, which would nullify all hope of inflationary pressures easing. All of the talk in recent years has been about protecting the banking system from crypto. However, ironically, we had a situation where a digital asset had to be protected from the banking system. The SVB debacle caused USDC to temporarily lose its peg after it was revealed that its issuer, Circle, had $3.3bn wrapped up in a SVB bank account. The stablecoin fell to as low as $0.88 over the weekend before recovering after the US government's deposit guarantee was announced. These events have highlighted an underappreciated problem with increasing interest rates to reign in inflation. The issuance of new Treasury bonds with higher yields causes the market value of existing bonds with lower yields to decrease. As a result, all banks that hold a significant amount of Treasurys as legally required collateral are vulnerable to the same risk that has affected banks like Silvergate and Silicon Valley Bank. Recently, it looked as if the contagion effects had spread to Swiss banking giant Credit Suisse when their stock began to plummet after questions were raised about the banks' stability. However, since then, the bank has secured a £44.5bn lifeline from the Swiss central bank. The importance of this should not be underestimated. Credit Suisse manages assets in the region of $1.6 trillion. If the bank collapses, it could trigger a domino effect, bringing about a 2008-like crisis. All in all, it would be ironic if increasing interest rates failed to lower inflation but instead resulted in a number of banks collapsing as a result of their bad bets on treasuries. Despite this market turmoil, yesterday, the European Central Bank stuck to its plan and went with a 50bps rate hike meaning that Credit Suisse may not be out of the woods yet. In recent weeks, the market had been pricing in a 50bps rate hike from the Fed. However, the collapse of SVB and broader risks to the financial system may lead the Fed to raise interest rates by no more than a quarter percentage point next week, with some institutions such as Barclays expecting the Fed to pause all rate increases. Despite these events, in recent days Bitcoin has significantly outperformed markets. Since the 11th of March, Bitcoin is up over 20% whilst other asset classes are up between 0-2% with 10Y US Yields down around 4%. The key reasons for this most likely come down to the dampening of US CPI data along with the decreased likelihood of future rate hikes as a consequence of the events of the past week. Ironically, while inflation and bank crisis now look more likely, the expectation of more liquidity has provided risk-on assets, such as Bitcoin, bullish momentum.
by Coinrule
Volume profile check patternHello? 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. 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. --------------------------------------- ---------------------------- (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 ------------------------------------------- (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. ------------------------------ - 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. ---------------------------------
by readCrypto
1
(Trend point of view) In order to continue the long-term uptrendHello? 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) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. It is showing a decline on the USDC chart, creating a -3.75% gap. Therefore, I think it is showing a limit to the rise of the coin market. The question is whether it can rise above 45.68 on the BTC.D chart. If BTC dominance rises above 45.68 and maintains its bullish trend, 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. --------------------------------------- ---------------------------------------- (BTCUSDT 1W chart) As it rises above the HA-High indicator, the possibility of continuing the mid- to long-term upward trend is increasing. If it declines, you should check for support near the HA-High indicator. (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. If the 24376.02 point is the HA-High indicator point and it is supported at this point, it is likely to break the recent high. Therefore, it can be interpreted that the short-term uptrend is likely to continue. If it falls from the 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 against this. Since it is around March 16 (March 15-17), which is the prelude to the volatility period mentioned above, it is better to check the supplements in the existing trading strategy rather than recreating the trading strategy in volatility. This is because creating or modifying your trading strategy when volatility is in the works can have a significant subjective and psychological impact on yourself. The volatility period on this chart, the BTCUSDT chart, is around March 20th. Therefore, it is necessary to see how movements after the volatility period around March 16th affect the volatility period around March 20th. 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 rising above the M-Signal on the 1M chart. Therefore, rather than being impatient with the current rise in BTC, we recommend that you slowly proceed with your purchase according to your own buying method. This is because if you look at the current price range in the bull market next year, it is a good buy wherever you buy. If you do not have your own way to buy, 1. If the price is above the MS-Signal indicator, buy when the candlestick on the 1D chart is about to close with a falling candlestick. 2. If the price is below the MS-Signal indicator, buy when the candlestick on the 1D chart is about to close with a rising candlestick. We recommend that you check if you can use the method above. However, it is important to make sure that cash is not exhausted by proceeding with split transactions. ------------------------------------------ (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. ------------------------------ - 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. ---------------------------------
by readCrypto
Whether the selling trend can be reduced is the keyHello? 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. The question is whether it can rise above the downtrend line on the USDC chart and create a gap. It rose above 44.46 on the BTC.D chart. The key is whether it can continue its upward trend and rise above 45.68. 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. --------------------------------------- When I refer to volatility periods, they are periods marked using StochRSI and support and resistance points. Therefore, when the waves of StochRSI change, the volatility period may also change. The HA-Low and HA-High indicators created for trading are paired indicators. Therefore, when falling from the HA-High indicator, most of them touch the HA-Low indicator. Conversely, when rising from the HA-Low indicator, most of them touch the HA-High indicator. Therefore, if it does not rise above the HA-High indicator on the 1W chart, it can be interpreted that it is highly likely to touch the HA-Low indicator. It is expected to touch near the point where the current HA-Low indicator is located or near the moved point when the HA-Low indicator moves. ---------------------------- (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. It is seen that the coin market (BTC) has risen as a reflection of the issue of the US bank. We don't have to make predictions about the cause, process, or future of these phenomena. All the media are talking about what kind of economic impact these stories will have in the future, but in fact, the stories are not helpful at all in making my trading strategy. Rather, it is only likely that the trading strategy will be made in a strange direction by making subjective judgments. Therefore, as I always said, it is important to first think about how to respond to the movement of the chart and see if you can revise your trading strategy, rather than looking for the causes of price rises and falls. Then, when there is time left, then, it is better to look for circles of rise and fall or look at the articles. This rise touched the HA-High indicator on the 1D chart, around 24294.1. Therefore, it is necessary to check whether the price rises above this level and rises above the M-Signal of the 1M chart. If it fails to move higher, you should check for support near the 1W chart's HA-High indicator, 22471.5. If the price rises above the MS-Signal indicator and holds the price, the most basic way to buy is to buy when the candlestick on the 1D chart is about to close with a falling candlestick. This is one of the most basic buying methods that does not require any plotting on the chart. However, as a rule, split transactions must be made. So, if you're unsure of how to buy for next year's bull market, I encourage you to see if you can use this method. As long as the price stays below the MS-Signal indicator, you can buy when the candlestick on the 1D chart is about to close with a rising candlestick. Buying for next year's bull market should be done in earnest when BTC is below 29K. Therefore, even if the average purchase price increases, it is better to proceed with the purchase even at a partial amount if it suits the purchase method you have set. Currently, a shake-up is underway for the mid- to long-term trend reversal, so how to determine the split buy amount is important. (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 'LONG' position, which was entered near 'L1' and 'L2', touched the second selling (trade end) point. Therefore, you can close the transaction whenever you want. However, if you touch the 5EMA of the 1D chart or the M-Signal of the 1D and 1W charts, it is recommended to close the transaction or sell part of it to confirm profits. If you touch the M-Signal on the 1M chart, I will tell you the trading strategy for entering a full-fledged position. Until then, the previous trading strategy remains in effect. The position entry trading strategy that requires quick response has been abolished by touching the trade exit point. So, I think it's good to rest until you touch 5EMA on the 1D chart. ------------------------------------------- (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. ------------------------------ - 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. ---------------------------------
by readCrypto