readCrypto

The importance of the 17.1K point...

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D chart)
I need to see if I can keep it at 66.442B or higher.

(USDC 1D chart)
I need to see if a move out of 44.07B-44.807B can come out.

The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.


(BTC.D 1D chart)
A drop in BTC dominance means a concentration of funds towards altcoins.

The 39.56-40.44 range is the area where sharp volatility is likely to occur.

The next volatility period is around January 23rd.


(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.

We need to see if it can fall below 7.86.

The next volatility period is around January 24th.

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(BTCUSDT 1W chart)
A trend is likely to form out of 15475.10-17880.71.

When StochRSI breaks out of the overbought zone, we need to see if the price holds above 16542.40.



(1D chart)
If the price stays above the HA-High, we expect it to continue its short-term uptrend.

However, since the HA-High indicator corresponds to the soaring line, there is a high possibility of volatility that touches this indicator point and shakes it up and down, so you need to think about this when trading.


It is the opposite concept of HA-High because it can plunge if it is resisted by the HA-Low indicator.

Therefore, when the HA-Low indicator shows support, it can be used as a buying point as it increases the likelihood of a bullish reversal.


HA-Low and HA-High are indicators calculated as a combination of the Heikin Ashi candle and the RSI, and are created to trade using the Heikin Ashi candle.


The MS-Signal indicator serves as both support and resistance as well as an indicator to confirm the trend.

So, if the price holds above the MS-Signal indicator, it means that it is in an uptrend.


If support is confirmed at the HA-High point at 17115.96, the first selling point is around 17880.71.

If the 17880.71 point touches the HA-Low point on the 1W chart, a sharp movement may occur, so the first sale should be made to preserve profits.


Looking at the HA SRRC indicator, we can see that the CCI, RSI and StochRSI indicators all entered the overbought zone.

Therefore, if the price does not break the previous day's high, it is likely to lead to a move out of the overbought zone.

When it exits the overbought zone,
1. To continue the short-term uptrend, it needs to show support around 17115.96.

2. In order to maintain the short-term uptrend, the price must be maintained above HA-Low and above MS-Signal.

3. The 16428.78-16542.40 section corresponds to the volume profile section of the -100 indicator and 1M chart, so the price must be maintained above this section to continue the new trend.

If it falls below items 1-3 above, BTC is expected to renew its recent low.

Therefore, a decline is expected around 14818.38.


Therefore, you can see how important support and resistance is at the price where it is currently located, around 17115.96.


The next volatility period is around January 21-30.


If this uptrend ends with a one-off,
1st: 17880.71
2nd : 19176.93-20050.02
It is expected to touch the vicinity and fall.


If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd : 13500-13761.50
It is expected to touch the vicinity.

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(BTCKRW 1D chart)
The key is whether it can be supported around 20840000 and rise above 21990000 to be supported.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

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

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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.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Comentarios:
(NAS100USD + DXY + XAUUSD 1D Chart)

I need to see if it can rise above MS-Signal on the NAS100USD chart.

I need to see if I can fall below the 101.860-103.025 range on the DXY chart.
Operación activa:
(BTCUSDTPERP 1h chart)
The 'LONG' position entered near 'L1', 17108.7 was sold first by touching the 17302.2-17410.2 section.

2nd: Around 17588.0
End of trading: around 17864.7

At the end of trading before 17864.7
1. When the entry price is touched
2. When it falls below the 5EMA line on the 1D chart
3. When touching the M-Signal of the 1D chart


If it falls from 'L1', 17108.7, it is possible to enter 'SHORT', but as I said in the main body of the idea, volatility may occur, so it is not recommended.

I think it's good to enter 'SHORT' in 'S2', 16938.1-16987.1 section.

However, be careful when entering from the first wave as it rose above 'L1' and broke the sideways section.
Comentarios:
(BTCUSDTPERP 1h chart)
At point 17188.1, the +100 indicator is forming.

As it is the 1h chart, its influence is not yet great, but if this point continues to stay in the horizontal line, it is expected to play a role of support and resistance.

Therefore, it is recommended not to enter the position in the section 17108.7-17188.1.


Therefore, to enter a new 'LONG' position, it is possible when there is support above 17188.1.
Comentarios:
Before starting a trade, it is a good idea to get information in several directions to make sure that a genuine trade is possible.

However, it is difficult to get the right direction with too much information or information biased in one direction.

So, it is good to check the BTC market chart of each coin (token).

This is because BTC market charts currently display forces such as how many users, funds, price defense, etc. for that coin (token).


Let me tell you by looking at the BTC market chart, for example, the MANABTC 1W chart.

It is showing an uptrend after being supported near the previous high point of 0.00001601-0.00002276.

Therefore, if the BTC price shows a tendency to maintain the price at the current price level, whether it is rising or falling, it is highly likely that the price will surge in the USDT market or the KRW market when the BTC price shows a sideways trend.

Even if it doesn't rise right away, buying is still going on, so it will eventually lead to a price increase.



Therefore, when obtaining various information of the coin (token) you want to trade, it is recommended to check the movement of the BTC market chart.

A drop in the BTC market chart means that the coin (token) loses its power, so be careful when trading.


(APTBTC 1D chart)
When looking at BTC market charts, it is best to check with the 1W chart.

However, since the APT chart was created not long ago, I checked it with a 1D chart.

If the 0.0002 8066 ~ 0.0003 8217 section is supported by the volume profile section, it is highly likely to lead to an additional uptrend.

If you show a decline without support in the 0.0002 8066 ~ 0.0003 8217 section this time, you will likely lose more power in the future, so be careful when trading.
Comentarios:
(BTCUSDTPERP 1h chart)
The HA-High line is creating a long horizontal line at 17273.0.

Accordingly, when touched, there is a possibility of volatility.

At this volatility, it is necessary to confirm whether it will rise above 17410.2 or fall below 17108.7.

Think about how to respond to this.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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