Good morning. I’m Hyunsuk Geum. I think everyone must have been crazy that the beat went back and forth between about $2,500 yesterday. Since the rise of altcoins continues longer than expected, I know you will have a lot of worries about where and how to enter your position. Let’s think about that problem together.
◇Daily
Beats rose energetically yesterday and gave them a $2,500 adjustment, creating fear in an instant. If you look at the adjusted section, you can see that it hit the headline from line 32800. This trend line is a trend line that connects the tails, and there are many units for sale around this area. I thought I would go straight to 38000 if my heart exceeded the resistance, but after all I gave a big adjustment.
It returned to the channel again because it closed the bar in the downside channel that barely escaped yesterday. So, has it turned down again? no.
If I fell yesterday, it rebounded in the section where I marked the first support line, and this tells me that the uptrend is strong.
The adjustment was shortened compared to the uploaded one. What is that? Is to raise more.
Even today, even if it falls, it will be the first support around 36100, the section that was supported yesterday, and if it falls further, it will rebound at 34700.
We will guide you through the YouTube video on how to trade.
◇Ethereum
In the case of Ethereum, the target price I mentioned yesterday was accurately recorded and adjusted. Still, it is showing a better flow than the beat.
Since it has well supported the upper part of Ethereum’s ascent channel, which has been made so far, and has closed the bar above it, the ascent is open to the next destination, around 1800.
Even if you make a correction, you will get support at 1540 and 1470, and it is likely to rebound at line 1436, which has become the strongest support line.
Ethereum’s rise will not end until it breaks down these lines.
It would be nice to get a buy from the support line that I mentioned. I will tell you how to set the stop line if you buy it at the seat right now because it seems like it will go up now.
◇Bit dominance
In the midst of this, Bit Dominance dropped out of the range it had kept the box for. Of course, there is a strong support line underneath, but the fact that the dominance has fallen even though the bit has risen somewhat means that it is giving the altcoins their share. In addition, it can be interpreted that the transaction volume was insufficient for the rise of this bit.
A fall in dominance doesn’t mean a fall in Bitcoin, but it still needs attention.
◇ Alt Dominance
Alt Dominance took an uptrend and took off again. It’s really scary. If this rise continues, the RSI’s downward divergences will be broken and a bigger rise will be possible.
Altcoins’ rebellion is scary.
◇Tether dominance
Tether dominance is still on the decline. Tether will continue to weaken as Altro funds rush. We are always looking forward to seeing the beat move in a larger direction when tether dominance breaks down the big trend of 2.11.
◆General review
The rise of altcoins these days is scary. Even if you look at the dominance alone, even though the bit has risen, the rise of the altcoins is obscuring the rise of the bit, and the bit dominance is rather falling.
The so-called absorption daebeop has become an old saying.
It seems to be a signal that it is okay to select really valuable altcoins and make long-term investments. However, we recommend that you always pay attention to soaring coins as there is a great risk of a sharp decline. I hope you make a successful investment today. Thank you. (2021.02.05. 12:00)
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