Bitcoin (BTC) - September 11
Updated
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(BTCUSDT 1D Chart)
Resistance: 22753.10-23949.03
- In order to switch to an uptrend, it needs to be supported in the 19946.21-21873.46 section.
- In order to continue the upward trend, it must rise above the HA-High indicator.
Therefore, there should be a movement whether it rises as it is and rises above 23949.03 or shakes it up and down to make the HA-High indicator decline.
- The 21838.98 point is the HA-Low indicator point on the 1W chart, so if it rises and is supported, it is expected to lead to further upside.
- The RSI, Stoch RSI, and CCI(9) indicators are all located in the overbought zone.
Therefore, the key is whether it is supported above the MS-Signal indicator (19946.21-21838.98) when it is all out of the overbought zone.
If not, you should be cautious as this could lead to further declines.
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- The method of buying when the price rises is called breakout trading.
- What is important in breakout trading is how important the breakout point is.
Therefore, it is not always a breakout trade.
The 21838.98 point is the point of the HA-Low indicator on the 1W chart, and when viewed on the 1W chart, it is the point for turning into an uptrend.
Therefore, if it rises above this point and is supported, it can be interpreted that it is highly likely to turn into an uptrend in the medium term.
For this reason, the 21838.98 point is an important point.
- Also, what is important in breakout trading is the trading volume.
This is because, when breaking through an important point, it is necessary to break through strongly to increase the likelihood of receiving support after breaking through.
However, there is one thing to note here.
The coin market shows different trading volumes on different exchanges.
Therefore, it is unreasonable to judge the situation by the trading volume, so the reference of the trading volume is less important than the stock market.
For the same reason as above, we have created an indicator that corresponds to OBV in the trading volume indicator.
When the OBV center line rises, it can be interpreted that the volume is increasing overall.
Also, when the color of the center line is Aqua, it can be interpreted that the overall buying trend is increasing.
And, if the green width increases based on the center line, it can be interpreted that the buying trend is increasing during the 5ma period.
In this way, it was made to understand the distribution of the trading volume by the increase in the trading volume and the increase in the buying force.
Therefore, if the green width increases when breaking through the 21838.98 point, it can be judged that the breakthrough has been strong.
- The upward trend can be continued only when the price is maintained above the HA-High index.
Therefore, when viewed from the current HA-High indicator position, it should rise more than the 22753.10-23949.03 section.
Looking at the previous trend, we can see that a decline from the HA-High indicator will lead to a big decline.
So, if you made a breakout trade, you need to split and sell in the section 22753.10-23949.03 to confirm the profit.
Then, while showing support in the 22753.10-23949.03 section, when it rises, you can buy more or maximize your profit with the number of remaining coins (tokens).
Breakthrough trading is a short-term trading method.
Therefore, if the price falls after the price rises, the breakout point or the average purchase price becomes the Stop Loss point.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1D Chart)
Resistance: 22753.10-23949.03
- In order to switch to an uptrend, it needs to be supported in the 19946.21-21873.46 section.
- In order to continue the upward trend, it must rise above the HA-High indicator.
Therefore, there should be a movement whether it rises as it is and rises above 23949.03 or shakes it up and down to make the HA-High indicator decline.
- The 21838.98 point is the HA-Low indicator point on the 1W chart, so if it rises and is supported, it is expected to lead to further upside.
- The RSI, Stoch RSI, and CCI(9) indicators are all located in the overbought zone.
Therefore, the key is whether it is supported above the MS-Signal indicator (19946.21-21838.98) when it is all out of the overbought zone.
If not, you should be cautious as this could lead to further declines.
--------------------------------------------
- The method of buying when the price rises is called breakout trading.
- What is important in breakout trading is how important the breakout point is.
Therefore, it is not always a breakout trade.
The 21838.98 point is the point of the HA-Low indicator on the 1W chart, and when viewed on the 1W chart, it is the point for turning into an uptrend.
Therefore, if it rises above this point and is supported, it can be interpreted that it is highly likely to turn into an uptrend in the medium term.
For this reason, the 21838.98 point is an important point.
- Also, what is important in breakout trading is the trading volume.
This is because, when breaking through an important point, it is necessary to break through strongly to increase the likelihood of receiving support after breaking through.
However, there is one thing to note here.
The coin market shows different trading volumes on different exchanges.
Therefore, it is unreasonable to judge the situation by the trading volume, so the reference of the trading volume is less important than the stock market.
For the same reason as above, we have created an indicator that corresponds to OBV in the trading volume indicator.
When the OBV center line rises, it can be interpreted that the volume is increasing overall.
Also, when the color of the center line is Aqua, it can be interpreted that the overall buying trend is increasing.
And, if the green width increases based on the center line, it can be interpreted that the buying trend is increasing during the 5ma period.
In this way, it was made to understand the distribution of the trading volume by the increase in the trading volume and the increase in the buying force.
Therefore, if the green width increases when breaking through the 21838.98 point, it can be judged that the breakthrough has been strong.
- The upward trend can be continued only when the price is maintained above the HA-High index.
Therefore, when viewed from the current HA-High indicator position, it should rise more than the 22753.10-23949.03 section.
Looking at the previous trend, we can see that a decline from the HA-High indicator will lead to a big decline.
So, if you made a breakout trade, you need to split and sell in the section 22753.10-23949.03 to confirm the profit.
Then, while showing support in the 22753.10-23949.03 section, when it rises, you can buy more or maximize your profit with the number of remaining coins (tokens).
Breakthrough trading is a short-term trading method.
Therefore, if the price falls after the price rises, the breakout point or the average purchase price becomes the Stop Loss point.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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.)
---------------------------------
Note
(ETH.D 1W chart)If you are investing in ETH, we recommend looking at ETH Dominance together.
If ETH dominance is maintained above 18.54-20.13, ETH price is expected to rise.
When it falls below 20.13, if the ETH price is supported above 1622.46, it is likely to rise.
(ETHUSDT 1D Chart)
Note
(based on 1D chart)The Stoch RSI indicator included in the Long/Short-S indicator is an indicator expressed as the median value of the K and D lines of the general Stoch RSI indicator.
The Stoch RSI indicator is entering the overbought zone.
At the same time, it is still showing an upward trend.
Therefore, it can be interpreted that there is a high possibility of further uptrend in the short term.
However, as the RSI indicator is in the overbought zone, it can be interpreted that the upward movement is being restricted.
The candle on the 1D chart will still take 22 hours to complete.
Therefore, you can't tell anything from the movement of OBV, which is included in the volume indicator.
Therefore, it is necessary to consider the position of the point where it is currently located, namely the support and resistance points.
21481.1 is the midpoint of the 15908.2-27054.1 sideways section.
Therefore, holding the price above 21481.1 should be interpreted as likely leading to a move towards 27054.1.
The 21826.1 point is the HA-Low indicator point on the 1W chart, which can be interpreted as a medium-term uptrend if the price holds above this point.
Therefore, the interval 21481.1-21826.1 is an important interval.
To sum up, whether support or resistance in the 21481.1-21826.1 section has a large impact on the future trend.
If so, if you find support in the 21481.1-21826.1 section, you can conclude that you should buy.
However, it is difficult to decide whether to buy when it is supported and immediately rise, or whether to buy after confirming that it is supported again after it rises.
This is because if the price rises at a critical point or section, there is a strong movement to confirm support again.
If you're primarily trading short, it's a good idea to buy the first support and then buy when it rises.
And, when it shows that it is going to go down after an uptrend, you make a profit by selling it.
If you mainly trade mid- to long-term, it's a good idea to buy when you see support again after an uptrend.
The reason is that you are most likely unfamiliar with short-term trading.
If you are unfamiliar with short-term trading, you are likely to wait and not sell when you need to sell (the price is rising and then showing signs of falling).
Also, I think there is a high possibility that the Stop Loss point required for short-term trading is not well maintained.
For this reason, if you mainly trade mid- to long-term, I think it is advantageous to start buying when you see support again.
After buying, whether you can sell when the price rises and stops at any point or section can be a basic criterion for determining which trade is right for you: same-day trading, short-term trading, or mid- to long-term trading.
You may think, “The most important thing in trading is to make a lot of money”, but it is not.
“The most important thing in trading depends on whether there are ways to reduce losses.”
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