readCrypto

3 Keys to Current BTC Charts

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(DXY chart)
It is subject to a period of volatility until August 2nd.

Therefore, it is necessary to check whether it can decline after receiving resistance around 102.034 during this period.

(USDT chart)
USDT is renewing its new high (ATH).

(USDC chart)
USDC is down about -52% from its peak.

Therefore, it is expected that the funds flowing into USDC will not have a significant impact on the coin market.

We believe that the money flowing into USDC has an impact on coin products in the stock market.

Therefore, USDC's continued downtrend means that its influence on coin-related investment products launched in the stock market is weakening.

Caution is required as this movement can cause coin-related investment products to disappear.

(BTC.D chart)
Going through the volatility period around August 3 (August 2-4), we need to see if it can drop below 49.72 and stay there.

If not, there is a possibility of a rise around the previous latest high of 52.18.

BTC dominance is expected to eventually rise around 56.78-61.73.

(USDT.D chart)
After August 3rd, we need to see which way it is out of the 6.85-7.27 zone.

The key to USDT dominance is which direction it deviates from the 6.21-8.25 range in the big picture.

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(BTCUSDT chart)

It is actually difficult to grasp the overall flow of the coin market with the size and flow of funds described above.

I think the reason is because it includes a lot of your own subjective thoughts.

Therefore, it is necessary to try to understand the movement of the chart by catching only the key elements as much as possible.


Here's the key to the BTC chart above the current price:
1. Volume profile formed on the 1M chart: 28465.36-28923.63
2. HA-High indicator point on 1W chart: 29003.87
3. HA-Low indicator point on 1D chart: 29408.74

Based on the key points or sections above, you should check the current movement to determine whether it is the right time to trade or not.


3. HA-Low indicator point on 1D chart: 29408.74

The HA-Low indicator on the 1D chart was created at 289408.74, touching below the previous latest low of 28861.90 and rising.

Therefore, it is important whether it can rise above 29408.74.

Since the MS-Signal indicator is falling around 29408.74, when it rises above 29408.74, you must make sure that it rises above the MS-Signal indicator.

This is because if the price cannot maintain the price by rising above the MS-Signal indicator, there is a possibility that it will eventually maintain a downward trend.


2. HA-High indicator point on 1W chart: 29003.87

The HA-High indicator on the 1W chart was created at the 29003.87 point, which means that the 29003.87 point corresponds to the last high point.

Therefore, a drop below 29003.87 is likely to cause a sharp decline.

The reason for this is that there is a potential for a surge in selling pressure from people trying to take profits last and people trying to stop losing money.


If it finds support around 29003.87 and rises, it is expected to rise above the previous latest high at 31804.20.

This is because buying pressure is expected to increase as opposed to increasing selling pressure, which increases when the price drops below 29003.87.


If it touches the HA-High indicator and falls, it is likely to touch the HA-Low indicator paired with the HA-High indicator.

So, it means that there is a possible decline to 17880.71, which is the current HA-Low indicator on the 1W chart.

However, an actual decline to the 17880.71 point is unlikely as a new HA-Low indicator will be created once the actual decline is in progress.

Therefore, if the HA-Low indicator is generated when the decline is in progress, you can check if there is support or resistance at that point and trade accordingly.

Currently, on the 1W chart, the important support zone below 29003.87 is 26574.53-27590.60.


1. Volume profile formed on the 1M chart: 28465.36-28923.63

The 28465.36-28923.63 section corresponds to the volume profile of the 1M chart.

Therefore, this zone is an important support and resistance zone.

Therefore, being supported in this zone means that the odds of sustaining the uptrend increase.


The HA-Low indicator on the 1M chart was created at point 21023.14 and was expected to touch point 43823.59, the HA-High indicator paired with the HA-Low indicator.

However, as the upward trend continues, the HA-High indicator declines, increasing the possibility of new creation.

Therefore, if the HA-High indicator is newly created during the uptrend, that point corresponds to the selling point.

Whether to sell 100% at this selling point, sell part of it to confirm the profit, or sell the original amount of the purchase and leave the number of coins (tokens) corresponding to the profit depends on your trading strategy.


Since the HA-High indicator indicates the beginning of a high point, if supported by the HA-High indicator, it will renew the previous latest high.

Therefore, countermeasures for this must also be considered at the same time.

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(BTCKRW chart)
The key is whether it can be supported around 37821000-38417000, the HA-High indicator section of the 1W chart, and rise above 38738000.

If not, you should check if it has support around 35539000-36802000.

The next volatility period is around August 9-11.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

This is the 81K-95K range that we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Комментарий:
Coins (tokens) with low market caps are currently trending upward.

To trade coins (tokens) that start this upward trend, set the 5, 26, and 150 moving averages on the 1D chart and buy when the 150 moving averages close or the 5, 26 moving averages break upward, and the trading volume increases However, you can conduct day trading in which you sell stocks when the price stops rising.

In order to make these transactions, you must be quick with your senses and hands.

So, you can trade when you can constantly watch the chart or when you think your hands are fast.

If you think this is not the case, you can buy the first altcoin that will benefit when the coin market starts to show an upward trend and wait.


When the BTC price is below 29K, that is, below the 28465.36-28923.63 range described above, we proceed with the first altcoin purchase.

And, the second purchase is carried out in the BTC price range of 32K-43K.

This means that you can sell in the 32K-43K section, which is the second buying section after the first purchase of altcoins.

Therefore, you can respond according to your investment period and trading strategy.


It is not too late to start buying altcoins in earnest when you confirm that they are supported by the HA-High indicator on the 1M chart.
Комментарий:
(BTCUSDT 1D chart)
To continue the uptrend, price needs to stay above the MS-Signal indicator.

However, caution is required as the 29762.38-30495.92 section of the 1D chart's HA-High indicator can act as a resistance section.

When the HA-Low indicator on the 1D chart is newly created and becomes supported around 29330.82-29408.74, it falls within the short-term buying zone.


The rise suggests that the StochRSI indicator is about to enter the overbought zone.

Therefore, it is necessary to check whether there is support or resistance at any point or section when it enters the overbought zone and then moves out of the overbought zone.

Since the current rise is near the MS-Signal indicator, it is expected that an important key will be whether or not the StochRSI indicator is supported near the MS-Signal indicator, which would have fallen in the overbought zone.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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