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( BTCUSDTPERP 1D Chart)
There is a possibility of a consolidation based on the 21481.1 point.
This consolidation is expected to occur between 19424.9 and the uptrend line.
Therefore, the key is whether there is movement out of the sideways section.
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
We need to see if we can move above 21481.1 as we move along the downtrend line.
If not, you should see if you can find support near 19424.9.
Point 21481.1 is the midpoint of the section 15908.2-27054.1, which is a sidewalk section.
So, there is nothing you can do at your current location.
However, it is possible to increase the number of coins corresponding to profits through short-term transactions.
I think this is a phenomenon that occurs as funds are concentrated towards BTC .
Therefore, the coin market is led by BTC to determine the trend.
I think this means that the decline of BTC is not leading the market.
In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended.
When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge.
This surge is likely to move in the short term and requires careful trading.
As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend.
If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend.
So, we need to see if the USDT dominance can turn into a downtrend.
As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market.
However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful.
** All indicators are lagging indicators.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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