Bitcoin (BTC) - July 27
Updated
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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.
In particular, if the price holds above the 35045.0 point, it is expected to maintain a short-term uptrend.
(1D chart)
If the price is maintained above the 37253.81-38150.02 range, it is expected to turn into an uptrend.
If it goes down, it should find support in the 35045.0-35286.51 section and move up.
If it falls from the 35K level, this rise will only be a short-term pumping of the issue.
(full 1D chart)
Looking at the past data, the A section, 29300.0-41950.0, is the support and resistance section, which is the section where the most sells and buys were made.
The decline was driven by large volumes around the 11th of January. (B section)
However, on the 29th of January, the high trading volume provided an opportunity to turn to an uptrend.
On May 19th, it was accompanied by a lot of trading volume and led the decline, but the price appeared to be defended by a lot of rebound.
On the 22nd of June, it appeared to form a bottom section with a lot of trading volume and a price defense.
A sharp drop in volume has since shown that the sell-off is declining.
What is important for the current position is the appearance of support over the section 37253.81-38150.02.
The 38150.02-41950.0 section was the first resistance section in the previous section B and led the decline with a lot of trading volume.
Therefore, I think the support in this B section, 38150.02-41950.0 section, is enough to raise expectations for further upside.
Also, if the price is maintained above the M-Signal line of the 1W chart, it can be seen that the 1W chart has also turned into a clear upward trend.
If it rises above the 41950.0 point, the next resistance section is the C section, 45135.66-49266.69 section.
Depending on how you break through this section, it is expected that you will be able to estimate the highest uptrend.
-------------------------------------
(BTCUSDTPERP 1D Chart)
It fell sharply touching the 46559.44-49345.92 section.
It is different from other exchanges' BTC charts.
An attempt is underway to reverse the uptrend by rising above the 33999.52-35746.28 section.
Accordingly, it should not fall below the 35746.28 point.
The price needs to remain above the 37243.38-38200.01 interval to convert into an uptrend.
If you look at the slope of the short-term uptrend line (1), you can see that it has risen quite sharply.
Therefore, there is a possibility that a pull back pattern will emerge.
If a pull back pattern emerges, the section that needs support is the 35K band near the 35746.28 point.
Then, it touches the uptrend line (2) and is expected to rise.
As trading volume rose, it is expected to turn into an uptrend and continue the uptrend.
Looking at the CCI-RC indicator, the CCI line is rising above the -100 point and the EMA line.
When it crosses the 0 and +100 points, volatility can occur, so trade with caution.
If BTC price accelerates its uptrend, the CCI line is expected to rise above +100.
------------------------------------
(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
If the price holds above the 35028.0 point, we expect it to maintain its short-term upward trend.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
You should touch the 47.64-48.81 section or up to the 50.86 point and see if you can drop.
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.
It remains to be seen whether BTC dominance can rise to meet the conditions of the bull market due to the leading rise in BTC price.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.
It remains to be seen if the USDT dominance can move below the downtrend line (2).
----------------------------
(USDT 1D Chart)
(Strange signs chart: tradingview.com/x/zDV6gk4H/)
I think the rising gap in USDT shows that money is coming into the coin market.
Conversely, a fall in the gap indicates that money is flowing out of the coin market.
A strange sign occurred, which changed the flow of the chart.
We need to see support and see if we can move higher at 61.765B.
USDC 1D chart (tradingview.com/x/BjbB19LY/) maintains an upward trend.
(Strange signs chart: tradingview.com/x/oje63xi3/)
----------------------------------
(ETH Dominance (ETH.D) 1D Chart)
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.
It remains to be seen if we can break above the two downtrend lines upwards.
------------------------------------------
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 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.
In particular, if the price holds above the 35045.0 point, it is expected to maintain a short-term uptrend.
(1D chart)
If the price is maintained above the 37253.81-38150.02 range, it is expected to turn into an uptrend.
If it goes down, it should find support in the 35045.0-35286.51 section and move up.
If it falls from the 35K level, this rise will only be a short-term pumping of the issue.
(full 1D chart)
Looking at the past data, the A section, 29300.0-41950.0, is the support and resistance section, which is the section where the most sells and buys were made.
The decline was driven by large volumes around the 11th of January. (B section)
However, on the 29th of January, the high trading volume provided an opportunity to turn to an uptrend.
On May 19th, it was accompanied by a lot of trading volume and led the decline, but the price appeared to be defended by a lot of rebound.
On the 22nd of June, it appeared to form a bottom section with a lot of trading volume and a price defense.
A sharp drop in volume has since shown that the sell-off is declining.
What is important for the current position is the appearance of support over the section 37253.81-38150.02.
The 38150.02-41950.0 section was the first resistance section in the previous section B and led the decline with a lot of trading volume.
Therefore, I think the support in this B section, 38150.02-41950.0 section, is enough to raise expectations for further upside.
Also, if the price is maintained above the M-Signal line of the 1W chart, it can be seen that the 1W chart has also turned into a clear upward trend.
If it rises above the 41950.0 point, the next resistance section is the C section, 45135.66-49266.69 section.
Depending on how you break through this section, it is expected that you will be able to estimate the highest uptrend.
-------------------------------------
(BTCUSDTPERP 1D Chart)
It fell sharply touching the 46559.44-49345.92 section.
It is different from other exchanges' BTC charts.
An attempt is underway to reverse the uptrend by rising above the 33999.52-35746.28 section.
Accordingly, it should not fall below the 35746.28 point.
The price needs to remain above the 37243.38-38200.01 interval to convert into an uptrend.
If you look at the slope of the short-term uptrend line (1), you can see that it has risen quite sharply.
Therefore, there is a possibility that a pull back pattern will emerge.
If a pull back pattern emerges, the section that needs support is the 35K band near the 35746.28 point.
Then, it touches the uptrend line (2) and is expected to rise.
As trading volume rose, it is expected to turn into an uptrend and continue the uptrend.
Looking at the CCI-RC indicator, the CCI line is rising above the -100 point and the EMA line.
When it crosses the 0 and +100 points, volatility can occur, so trade with caution.
If BTC price accelerates its uptrend, the CCI line is expected to rise above +100.
------------------------------------
(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
If the price holds above the 35028.0 point, we expect it to maintain its short-term upward trend.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
You should touch the 47.64-48.81 section or up to the 50.86 point and see if you can drop.
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.
It remains to be seen whether BTC dominance can rise to meet the conditions of the bull market due to the leading rise in BTC price.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.
It remains to be seen if the USDT dominance can move below the downtrend line (2).
----------------------------
(USDT 1D Chart)
(Strange signs chart: tradingview.com/x/zDV6gk4H/)
I think the rising gap in USDT shows that money is coming into the coin market.
Conversely, a fall in the gap indicates that money is flowing out of the coin market.
A strange sign occurred, which changed the flow of the chart.
We need to see support and see if we can move higher at 61.765B.
USDC 1D chart (tradingview.com/x/BjbB19LY/) maintains an upward trend.
(Strange signs chart: tradingview.com/x/oje63xi3/)
----------------------------------
(ETH Dominance (ETH.D) 1D Chart)
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.
It remains to be seen if we can break above the two downtrend lines upwards.
------------------------------------------
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 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)
Note
(BTCUSDTPERP 1h Chart)(UTC)
If the green OBV on the volume indicator does not increase, further declines are expected.
It is important to be able to get support above the 37243.38 point.
If it goes down, it should find support above the 35280.16 point.
In particular, you should also check if you can move up along an uptrend line.
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