The key is whether it can rise above 101947.24-103706.66
2025-02-04
Category: None


Hello, traders.

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I had a hard time on Monday morning due to a broken PC in the rapidly changing coin market.

I'm sorry that I couldn't update you on time because of this.

However, if you had seen what I said, I think you would have responded to some extent, but I hope there was no major damage.

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When trading spot, you should always keep about 20% of your total investment in cash.

That way, you can seize opportunities in rapidly changing situations like this.

If you used spare funds, you must sell them to secure spare funds again.

Even if you have a loss during spot trading, if you have cash, you can respond to some extent.

If not, you should sell some of them to secure cash.

The cash secured in this way should be used to buy back when the price drops and increase the number of coins you have.

The money you sell should not be used to purchase other coins (tokens).

You should think about how to increase the number of coins (tokens) you have by taking advantage of spot trading.

However, if you are scalping or day trading, you can immediately make cash profits.

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(DXY 1D chart)

The first Monday of February seems to have been very volatile due to the sudden surge in DXY.

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The flow of funds seems to be maintaining an upward trend.

The gap rise of USDT and USDC is seen as evidence that funds are flowing into the coin market.

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BTC dominance touched the 55.01-62.47 range and fell.

If BTC dominance rises above 62.47, altcoins are likely to show a large decline.

Therefore, caution is required when trading altcoins.

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If USDT dominance rises above 4.97, the coin market is likely to already be in a downtrend.

If USDT dominance falls, the coin market is likely to show an uptrend.

If USDT dominance falls, it is expected to fall to around 2.84 at the most.

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If BTC dominance rises and USDT dominance falls, there is a possibility that a market will be formed in which only BTC rises.

Therefore, it is possible that altcoins will gradually move sideways or show a downward trend as they rise along with the rise of BTC.

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(BTCUSDT 1D chart)

It touched below 92792.05 and rose to around 101947.24.

At this time, it seems to have touched the M-Signal indicator of the 1W chart.

Currently, the gap between the M-Signal indicator of the 1W chart and the M-Signal indicator of the 1M chart is large, so it seems likely that this gap will narrow.


Therefore, it seems likely that it will move sideways within the box section of the HA-High indicator.

However, the key is whether the price can be maintained by rising above the 101947.24-103706.66 range.

If not, there is a possibility of sideways movement between the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1D chart.


If the price is maintained above the 101947.24-103706.66 range, I think it is highly likely that an upward movement will begin to rise near the Fibonacci ratio point of 2.24 (1169040.43).

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The next volatility period is expected to start around February 9.

Therefore, we need to look at which range among the ranges marked with circles on the chart is supported.

Due to this decline, the box range of the HA-High indicator has expanded to the 91231.0-109588.0 range.

Therefore, I think that the box section mentioned above is the 91231.0-109588.0 section and I should create or modify my trading strategy.

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It's a shame that I can't see the HA-Low indicator on the 1D chart this time.

I think that the fatigue from the rise is high because the rising wave that has continued until now has not ended yet.

Therefore, since there is a possibility that the fluctuation range due to volatility will be large, caution is required when trading.

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Thank you for reading to the end.
I hope you have a successful trade.

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