Bitcoin (BTC) - September 22

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(BTCUSDT 1W Chart)
снимок
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.

In particular, if the price is maintained above the 46930.0 point, it is expected to create a new wave.


(1D chart)
It is necessary to check whether there is a movement that is supported in the 38150.02-41950.0 section and rises above the 45135.66 point due to a sharp rise.


We need to see if we can find support at the 38150.02-41950.0 zone, which is the most important zone for maintaining the uptrend that started on July 21st.


In order to change the trend, I think that the trading volume needs to rise above 204.208K.

We need to see if this increase in volume occurs in the current interval (38150.02-41950.0) and can create new moves.
(The volume should increase regardless of whether the price rises or falls.)


If the drop from 38150.02 points, you can touch the 27033.35-29812.52 section, so you need to trade cautiously.

However, near the 35045.0 point, it may follow an uptrend line and should be considered as a countermeasure.


If I had noticed a movement of money flowing out of the coin market as the BTC price fell, I would have written a post with more weight on the downtrend.

However, looking at the USDT and USDC charts, the funds are showing an increase.

It can be said that the USDT chart or USDC chart rises by selling coins in the USDT market or USDC market, but since the gap has risen, I think it is more credible that money is flowing in than it is likely.

(USDT 1D Chart: tradingview.com/x/G3Bs3eIM/)
(USDC 1D Chart: tradingview.com/x/WmNirh2y/)

However, market cap charts such as USDT chart and USDC chart are charts drawn by combining API values ​​of all exchanges, so responses may be delayed.

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(BTCUSDTPERP 1D Chart)
снимок
It is declining in the section 42125.51-45163.36.

It is necessary to check whether there is a movement that rises above the 45163.36 point due to a sharp rise in the 38200.01-40189.39 section.


If the daily trading volume is around 449.199K-1.417M for several days, it is expected that there will be a movement out of the current sideways section of 38200.01-46559.44.
(It seems that the trend of BTC price will be determined depending on whether the width of green increases or the width of red increases as the center of OBV in the volume indicator rises.)


The section 46559.44-49345.92 is a section that determines the trend and is located at the boundary of the next sideways section (section 49345.92-54918.88).
Therefore, it is a section that forms an important support and resistance section.


Depending on when and where the volume increase (over 1.417M) is expected to take a new direction, we need to re-evaluate the situation.


The next volatility period is around September 26 (September 25-27).

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BTC Dominance is a chart that allows you to see the market flow with the movement of the BTC price with the highest market capitalization.

So, if BTC dominance goes down, altcoins may start to rise.

Conversely, if BTC dominance rises, the coin market may turn into a downtrend.


(BTC Dominance (BTC.D) 1D Chart)
снимок
Referring to the previous movement, it can be seen that an important support and resistance section has been formed near the 41.73 point.

So, if there is a move above the 41.73 point, the BTC price is likely to fall further.

If the dominance is maintained below the 41.73 point, the coin market is expected to form a new bull market.

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I think the USDT Dominance Chart is a chart that can easily check whether the funds that entered the coin market through USDT issuance are used in the coin market.

Therefore, if USDT dominance declines, it can be seen that the funds that have entered the coin market through USDT issuance are being used.
(USDT dominance may decline as money is drawn out of the coin market, so it is recommended to view it with a USDT chart.)


(USDT Dominance (USDT.D) 1D Chart)
снимок
It is expected that the coin market will continue its upward trend only when it receives resistance and falls in the 3.500-3.746 section.

From a mid- to long-term perspective, if it rises to the 4.158-5.003 section, I think there is a possibility that the coin market will turn into a downtrend.

It remains to be seen if the altcoin bull market can be in full swing by dropping below the 3.009 point.

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I think the USDT chart and USDC chart are charts that give you a brief overview of the amount of money that has entered the coin market.

Thus, the rise of the USDT chart and the USDC chart is a quick reminder that the size of funds in the coin market is increasing.

(USDT 1W chart)
снимок
During the week that included September 14, 2020 - June 7, 2021, a lot of money flowed into the coin market.

After June 7, 2021, funds appeared to be out, but from August 9, funds were back into the coin market.

I think it shows that institutional investors and giant whales have no intention of taking profits.

(USDC 1W chart)
снимок

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(XBTUSD 1M Chart)
снимок
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.

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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.

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** 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.

(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.)
Заметка
(BTC 1W Chart)
снимок
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD

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