First down candlestick in 5 weeks, importance of 22.4K

5 ก.พ. 2023

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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.

(USDT 1D chart)

It will be a question of whether the gap can continue to rise above 68.468B.

(USDC 1D chart)

If it falls below 39.675B-42.563B, the coin market is likely to enter a recession.


(BTC.D 1D chart)

In order for the uptrend to be prolonged, it needs resistance and a decline near 43.75.

The uptrend is expected to continue until it declines around 39.56-40.44.

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.


(USDT.D 1D chart)

A rise above 6.90-7.27 is expected to cause the coin market to plummet.

As USDT and USDC move, there is a possibility that the area around 5.89-6.21 will be the peak of this uptrend.

Therefore, it is necessary to ensure that funds are continuously flowing in USDT and USDC.

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(BTCUSDTPERP 1D Chart)

The key is whether movement outside the 22471.5-24294.1 section can come out.

So, unless a decline below 22471.5 shows signs of resistance, further upside is likely.


Based on point 22471.5,
1. Ascending,
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
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.


Since the HA-High indicator is formed at the point 23104.6, it is expected that the movement will be determined depending on whether it is supported or resisted based on this point.

However, looking at the 'Strength' sub-index,
1. Uptrend: 2
2. Stationary: 1
3. Downtrend: 1
So, it's showing a weak uptrend.


We expect to close with a lower candlestick on the 1W chart, but I think this week's move is more significant as the HA-High indicator is not showing signs of declining.

In order to continue the mid- to long-term upward trend, the price must be maintained above the HA-High indicator, so there is a high possibility that there will be a movement that causes the HA-High indicator to fall.



(1h chart)
As the M-Signal indicator on the 1D chart rises near 22471.5, new volatility is likely.

Therefore, if you touch the M-Signal indicator on the 1D chart, it is expected that you will be able to enter the position in earnest according to the position entry method indicated on the chart.


therefore,
It is possible to enter the 'LONG' position when supported and rising at 'L2', 22975.1-23104.6.

However, it is expected that the rise will start when it rises above 5EMA on the 1D chart, so this should be taken into account.

1st: 23592.1-23937.1
2nd: 24294.1-24463.0
Trade close: around 25500.0
1st S/L : around 22471.5


When resistance is confirmed at 'S2', 22471.5, it is possible to enter the 'SHORT' position.
1st: Around 21826.1
2nd: Around 20984.7
End of transaction: around 20122.5
1st S/L : around 22975.1

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(BTCKRW 1D chart)

It is necessary to check whether there is movement outside the 27317000-29639000 section.

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- big picture

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

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

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

** 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 (tradingview.com/script/OUA6XoS6-HeikinAshi-MS-Signal-HA-MS/).

(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.)

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