For an altcoin bull market, BTC dominance must fall...
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(BTCUSDT 1D chart)
There was a shake up and down.
This movement can continue until the next volatility period, around November 16-19 (up to November 15-20).
What we need to look at is when the StErr Line or the M-Signal indicator on the 1D chart rises and touches.
This phenomenon can be seen as occurring because the disparity is too large.
In any case, the key is whether we can withstand this shake.
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(BTC.D 1M chart)
I think that in order for altcoins to rise, they need to show a concentration of funds toward altcoins.
Therefore, I think that BTC dominance should fall below 55.01 and remain there or show a downward trend.
Currently, BTC dominance is showing an upward trend in BTC's shaking.
Otherwise, altcoins are likely to gradually move sideways or show a downward trend.
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(USDT.D 1M chart)
If USDT dominance remains below 4.97 or shows a downward trend, I think that the coin market is likely to show an upward trend (bull market).
However, in order for altcoins to rise in line with the upward trend of BTC, as I mentioned earlier, BTC dominance must also show a downward trend.
Otherwise, there is a possibility that a strange market will be formed where only BTC rises.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Nota
#BTCUSDT.P 1D
It's been 3 days since the StochRSI indicator touched 100.
The StochRSI indicator starts to show a downward trend around 7-14 days.
Therefore, when the StochRSI indicator is maintained near the 100 point, what we need to pay attention to is the position of the StochRSI EMA.
This is because the StochRSI EMA has never touched the 100 point so far.
Therefore, the closer the StochRSI EMA gets to the 100 point, the stronger the downward pressure is.
Nota
#SUIUSDT.P 1D
If the BW(100) point is created at 3.2766 when the candle closes today, there is a high possibility of a decline.
Therefore, caution is required when trading.
Nota
#BNBUSDT.P 1D
The BW(100) line was created at 660.53.
Therefore, there is a high possibility of a downtrend until it rises above 660.53.
If the HA-High indicator on the 1D chart is created at 615.18, we need to check if it can be supported around here.
Nota
#AVAXUSDT.P 1D
Unlike the BNB chart, AVAX has a BW(100) point created below.
Therefore, it is recommended to check the movement along with the BNB chart.
Depending on how much time is invested to check the movement, it is likely to be used as an important reference when trading.
Nota
If USDT dominance remains below 4.97, I think the coin market is likely to continue its upward trend.
Therefore,
- Buy (LONG) positions need to adjust their investment ratios,
- Sell (SHORT) positions need to have a stop loss point.
The best way to trade in futures is to end the trade and start again when you touch the stop loss point you set.
In spot trading, if the price falls below the stop loss point, you need to adjust your investment ratio.
This is because you can lower the average purchase price or increase the number of coins (tokens) corresponding to the profit.
Trade attivo
#BTCUSDT 1D
It seems that most of the BW(100) line was created with this decline.
Since the BW(100) line was created at 87952.01, the key is whether it can rise above 87952.01.
If the decline continues like this,
1st: StErr Line
2nd: 79.9K-80.1K
The point to watch is whether it can rise with support near the 1st and 2nd above.
Nota
The next volatility period is around November 16-19.
Therefore, we need to look at where it is as it passes through this volatility period.
Altcoins are showing a lot of decline.
As I mentioned earlier, if you placed a reservation order at the split selling point, I think it may have been sold.
If you split and sell too much in spot trading, it may create a pull back pattern and you may feel regret when it goes up.
Therefore, it is recommended to conduct a split transaction in the direction of selling a certain portion of the amount corresponding to the purchase principal and increasing the coin (token) corresponding to the profit.
The bottom of the pull back pattern is likely to be created by touching the M-Signal indicator on the 1D chart at the most.
Since it is currently moving, I think it is likely to be around 79.9K-80.9K.
I will tell you more details when the movement is visible.
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