Good morning. This is Hyunseok Geum. Recently, the swing width of Beat and Ether is tremendous. I am not sure whether you are losing money or profiting in this market.
However, I think that those who have taken the RBI as the RBI, which I present as the market situation, will be profitable. Today, we will look at how the beat will flow.
◇Daily
It is the daily moisturizing of the beet. To start with the conclusion, the flow of bits is very dangerous. First of all, it did not come to 29100~28100, which is the largest decline I mentioned yesterday, but it fell to 29241, which is near that area, and finally rebounded.
In order to reverse the uptrend here today, we need to rebound to at least 31393, showing a trend in support of 30570. It can be said that this is the minimum condition for ascent. Now, the resistance of 7 and 20 pyeong overlaps with a very strong selling platform. One break right now seems difficult, so you have to take a breath and break through, as I just said.
The downside seems more likely, and if you lose your strength today and make an additional decline, this is the area where you can go down by up to 27k-25k. Looking at the channel, there is a chance that it will drop to 26500, the lower part of the channel. The channel doesn’t seem like a big deal, but the flow is going down to touch the upper part of the channel and the lower part. Therefore, special attention should be paid to buying.
We can see that the RSI also tries to go above 50 and eventually falls again. It is very difficult to recover the 50 lines that have been deviated once. It’s very reliable because the past says that. That’s one of the reasons I held the downside when I talked about the long most.
◇4 hour stick
If you look at the 4 hour stick, it still supports it well on the floor. Once you have outlined the best scenario, if you move it like that, you can break through the downside channel at once. There are many possibilities, but if you keep only the floor that you made yesterday and do a good sideways move at the current position, the chances of an uptrend will increase, but the best thing is that Beat still has to settle down after surpassing 32,000 units, but a better picture will come out.
Even if the bit rises in the short term, it is highly likely to break the low if the bit goes down to the 30500 level and it cannot support it.From a buying point of view, it is good to confirm and think about the 32000 settling.The safest thing is, however, trading when the channel breaks and a trend emerges. We recommend that you do it. Honestly, this also seems to be sideways, but the width is very large, so it is a section that you need to be careful about.
◇Ethereum
Ethereum 4-hour chart. Ethereum also made a big adjustment yesterday and is making a rebound. In order for Ether to make further gains, it’s good to see a flow that supports 1270. If you support it, it is not impossible to rise from 1300 to 1400 again. However, if Ether finishes the bar below 1240, the 1204 floor will be retested and there is a high probability of a puncture. There is a chance that it will drop to around 1110. Today can be an important moment for Ether as well. Please be sure to check the pulse points that I mentioned.
◇Bit dominance
Bit dominance is the same as the viewpoint before. Since the bit is moving sideways, the dominance is also moving sideways.
◇ Alt Dominance
Alt dominance continues to rise. Yesterday’s beat made adjustments, and the alts seemed to be missing a lot, showing a quick recovery. If the bit goes sideways, the alt dominance is likely to continue to rise.
◇Tether dominance
Tethered dominance rose by over 8% yesterday when the beat gave adjustments. And now it is falling again, and if you support 7 Pyeong here well, you can continue to rise further. Interpretation is that bit can give adjustments again, and altcoins have to think about adjustments to some extent.
Checking whether Tether Dominance is well supported by 7 ratings or is breaking through will help to understand the overall coin flow.
◆General review
The current beet flow is very violent. You have to pay special attention to buying and selling, as it is a time when the 2000 dollar swings up and down are funny. If you check and respond to the Mac point we pointed out today, you will surely see profits in such a chapter.
We can’t talk about downside or upside right now. Do you know that I’m constantly speaking? The chart is correspondence. We are telling you where to respond, so please refer to it and hope you have a good day. Thank you.
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