Response according to the investment period is important

17 พ.ค. 2023

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** 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.

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(BTCUSDT.P chart)


(1D chart)

If it fails to show support by rising above the uptrend line (1) and above 27486.4, it is expected to lead further declines.

This movement is because the head and shoulders pattern drawn on the chart is considered complete.


One thing to think about here is the fact that, as I mentioned in the Market Cap chart description, a lot of money is flowing into the coin market due to USDT's continued upward trend.

Therefore, even if it goes down, I think it is highly likely that it will rise soon.

However, since funds are continuously flowing out through USDC, if it shows a downward trend, there is a possibility that it will drop to around 23129.6.


Even if the price rises above 27486.4 and maintains the price, it is expected that the area around 28454.9-28951.7 and 30181.8 will act as a resistance area, so it is actually located in an area that is not easy to trade.

Therefore, you need to set up a corresponding interval according to your trading strategy, that is, according to the investment period.


From a long-term perspective, that is, on the 1M chart, you need to check whether it is supported near the MS-Signal indicator or if the price is maintained above 28454.9.

From a mid- to long-term perspective, that is, on the 1W chart, you need to see that it is supported above the HA-High indicator, 27576.0.

From a short-term perspective, that is, on the 1D chart, you should see support above the HA-Low indicator, 26907.0.

With this confirmation, you can proceed with the purchase according to the investment period, and you must prepare a response strategy accordingly.

If it is difficult to make a countermeasure, you should not proceed with the purchase.


Since the investment period you think and the trend that the market is talking about may be different, you should always trade with the trend that suits your investment period.

Trends that are usually talked about in the market often correspond to day trading.

If you try to trade more than short-term investments with these trends, you will not be able to create a proper trading strategy.

Therefore, when referring to someone else's analysis, be sure to check the investment period that person is talking about.

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(BTCKRW chart)

It is necessary to check whether there is movement outside the 35539000-37821000 range.

Accordingly, the question is whether it can rise along the uptrend line (1).

If it doesn't and falls below 35539000, I would expect a decline around 32042000.

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- big picture

A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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