Bitcoin (BTC) - August 11
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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.
(1D chart)
You should see support at 45135.66 and climb to 46187.52-49266.69 to see if you can re-direct.
If the 46187.52-49266.69 section is followed by a downward trend at 46187.52, you should check to see if there is support near the 45135.66 point.
Looking at the big picture, the 38150.02-46487.52 section is a sideways section.
If it goes down from 45135.66, it could touch the 38150.02 point, so you need to think about it as well.
When you're in an area where it's not easy to judge, auxiliary indicators help you organize your thoughts.
An increase in the green color of the OBV on the volume indicator and a rising center line indicate that buying is on the rise.
The wRSI_SR indicator shows that the RS line is moving below the 80 point, indicating that the possibility of a short-term downtrend is increasing.
Therefore, a short-term pull back pattern is likely to be created.
However, since the current position (45135.66 point) is an important point, it may affect the flow of the price chart and move sideways.
The CCI-RC indicator shows volatility as the CCI line crosses above the zero point.
If the CCI line touches the zero point and rises, the BTC price is expected to rise.
In the CCI-RC indicator, volatility occurs when the CCI line crosses the -100, 0, +100 points.
In particular, the intersection of the CCI line and the EMA line is likely to indicate a change in the trend of the BTC price, so it is advisable to know where the BTC price is located.
If we take a look at the three auxiliary indicators, we can conclude that we are in a position to break through the important section upwards as the buying trend increases.
The next significant volatility period is around August 26th.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The 38200.01-46559.44 section is a sideways section in terms of the overall flow.
If the price is maintained in this section, it is expected to rise to the section 46559.44-49345.92.
We need to see support at the 45163.36 point and see if we can move above the 46559.44 point.
The section 46559.44-49345.92 is an important section and I think it is a section that determines the direction anew.
Therefore, there is a possibility that it will find resistance as volatility may occur.
If it rises to the 46559.44-49345.92 section and then falls, it is important to see support above the 45163.36 point.
The 45163.36 point is also a psychological support point, and if it declines from the 45163.36 point, I think it is highly likely that there will be a lot of selling.
The next volatility period is around August 20-28.
------------------------------------
(XBTUSD 1M Chart)
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
(1W chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
If support is found at the 45211.0 point, I would expect it to move above the 47010.0 point and enter the highs section.
The next volatility period is around August 23-29.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to a rise in the price of altcoins.
Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.
If it falls below the downtrend line (1) or the 43.17 point, it is highly likely that a whipso will occur in the BTC price movement, so you need to be careful when trading BTC.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
We need to see if we can accelerate the uptrend of the coin market by finding resistance in the 3.5-3.746 zone and dropping below the 3.374 point.
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.
USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.
----------------------------
(USDT 1D Chart)
It is the USDT chart and the USDC chart that look different from yesterday.
Looking at the USDC 1D chart (tradingview.com/x/5P9HSwxp/), we should see if there is an uptrend along the uptrend line.
I think the rising gap between USDT and USDC shows that money is flowing into the coin market.
Conversely, a fall in the gap indicates that money is flowing out of the coin market.
----------------------------------
(ETH Dominance (ETH.D) 1D Chart)
We need to see if we can move above the 20.52 point along the uptrend line.
In particular, if the CCI line rises above the downtrend line in the CCI-RC indicator, it is expected to create a new wave in the EH price.
A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.
It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.
(1D chart)
You should see support at 45135.66 and climb to 46187.52-49266.69 to see if you can re-direct.
If the 46187.52-49266.69 section is followed by a downward trend at 46187.52, you should check to see if there is support near the 45135.66 point.
Looking at the big picture, the 38150.02-46487.52 section is a sideways section.
If it goes down from 45135.66, it could touch the 38150.02 point, so you need to think about it as well.
When you're in an area where it's not easy to judge, auxiliary indicators help you organize your thoughts.
An increase in the green color of the OBV on the volume indicator and a rising center line indicate that buying is on the rise.
The wRSI_SR indicator shows that the RS line is moving below the 80 point, indicating that the possibility of a short-term downtrend is increasing.
Therefore, a short-term pull back pattern is likely to be created.
However, since the current position (45135.66 point) is an important point, it may affect the flow of the price chart and move sideways.
The CCI-RC indicator shows volatility as the CCI line crosses above the zero point.
If the CCI line touches the zero point and rises, the BTC price is expected to rise.
In the CCI-RC indicator, volatility occurs when the CCI line crosses the -100, 0, +100 points.
In particular, the intersection of the CCI line and the EMA line is likely to indicate a change in the trend of the BTC price, so it is advisable to know where the BTC price is located.
If we take a look at the three auxiliary indicators, we can conclude that we are in a position to break through the important section upwards as the buying trend increases.
The next significant volatility period is around August 26th.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The 38200.01-46559.44 section is a sideways section in terms of the overall flow.
If the price is maintained in this section, it is expected to rise to the section 46559.44-49345.92.
We need to see support at the 45163.36 point and see if we can move above the 46559.44 point.
The section 46559.44-49345.92 is an important section and I think it is a section that determines the direction anew.
Therefore, there is a possibility that it will find resistance as volatility may occur.
If it rises to the 46559.44-49345.92 section and then falls, it is important to see support above the 45163.36 point.
The 45163.36 point is also a psychological support point, and if it declines from the 45163.36 point, I think it is highly likely that there will be a lot of selling.
The next volatility period is around August 20-28.
------------------------------------
(XBTUSD 1M Chart)
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
(1W chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
If support is found at the 45211.0 point, I would expect it to move above the 47010.0 point and enter the highs section.
The next volatility period is around August 23-29.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to a rise in the price of altcoins.
Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.
If it falls below the downtrend line (1) or the 43.17 point, it is highly likely that a whipso will occur in the BTC price movement, so you need to be careful when trading BTC.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
We need to see if we can accelerate the uptrend of the coin market by finding resistance in the 3.5-3.746 zone and dropping below the 3.374 point.
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.
USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.
----------------------------
(USDT 1D Chart)
It is the USDT chart and the USDC chart that look different from yesterday.
Looking at the USDC 1D chart (tradingview.com/x/5P9HSwxp/), we should see if there is an uptrend along the uptrend line.
I think the rising gap between USDT and USDC shows that money is flowing into the coin market.
Conversely, a fall in the gap indicates that money is flowing out of the coin market.
----------------------------------
(ETH Dominance (ETH.D) 1D Chart)
We need to see if we can move above the 20.52 point along the uptrend line.
In particular, if the CCI line rises above the downtrend line in the CCI-RC indicator, it is expected to create a new wave in the EH price.
A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.
It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
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Other content (coins, stocks, etc.) is frequently posted on X.
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