The key is whether the price can sustain a rise above 32259.90
Updated
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(BTCUSDT chart)
The calculation formula of the Volume Index Osc indicator included in the 'Vol & Trend' sub-indicator has been changed.
The Volume Index Osc indicator utilizes the formulas of the PVI and NVI indicators to distinguish buying and selling times according to changes in trading volume.
Therefore, the part marked in orange means the time to buy.
For reference, the OBV indicator included in the 'Vol & Trend' sub-indicator shows the increase and decrease in buying and selling forces due to changes in trading volume in accordance with price changes.
(1M chart)
Depending on where the candle closes this month, it is highly likely that a new HA-Low indicator on the 1M chart will be created.
If the HA-Low indicator on the 1M chart is created and it shows support around it, it will be the time to buy the first full-scale from a long-term perspective.
Currently, the HA-Low indicator of the 1M chart is formed at 21023.14.
So, you might ask if the support at 21023.14 was a full-fledged buying period.
The reason I didn't say that it was a full-fledged buying period at 21023.14 was because it was located below the MS-Signal indicator.
Keeping the price above the MS-Signal indicator means that there is a good chance of continuing the uptrend from a trend perspective.
Therefore, if the HA-Low indicator on the 1M chart is generated near the MS-Signal indicator, it is highly likely to show a full-fledged uptrend.
(1W chart)
It rose above the HA-High indicator on the 1W chart and rose above the previous high of 31000.0.
Thus, the basic interpretation method of the HA-High index has been achieved.
If it rises above the support and resistance zone of 32259.90-35286.51, the next previous high is at 48189.84.
Therefore, it is expected to show a move towards the 45135.66 area.
To that end, the HA-High indicator on the 1W chart is expected to rise again and be created.
The 32259.90-35286.51 section corresponds to the boundary between an uptrend and a downtrend when viewed from the big picture, so it is significant that it rises above this section.
If it fails to rise, you should check for support around 26574.53-27590.60.
(1D chart)
As it rose above the HA-High indicator on the 1D chart, it renewed the previous high again.
The 1D chart includes a Trend-Based Fib Extension tool.
The Fibonacci chart on the left is based on a downtrend, while the one on the right is based on an uptrend.
Therefore, if the price holds above 32259.90,
1st: 34197.22-35045.0
2nd: 37253.81
3rd: 39260.17
The key is whether it can break through the above 1st-3rd areas upwards.
The next volatility is around August 21st.
Therefore, it is necessary to check if the trend can be formed by breaking out of the 28923.63-32259.90 area.
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(DXY chart)
(BTC.D chart)
If BTC dominance drops below 50.49, it will be an illusion that an altcoin bull market has begun.
For this illusion to be true, it needs to fall below the 47.64-48.80 zone.
(USDT.D chart)
We need to see if the USDT dominance drops below 6.85 to get resistance.
If not, it is likely to rise above 7.27.
When USDT dominance drops below 6.21, the coin market will feel that the bull market has begun.
BTC dominance rises around 56.78-61.73, and then begins to fall before the real bull market begins.
Therefore, I think it will induce losses for individual investors as it swings up and down before rising to around 56.78-61.73.
Therefore, if you do not want to hold from a long-term perspective, it is better to increase the number of coins (tokens) corresponding to profits while responding in the short term.
Although it is showing a sharp rise due to issues related to the BTC ETF, we must be careful not to cause psychological agitation with this rise as BTC did not rise above the important range of 35045.0-37253.81.
This is because investments, that is, transactions carried out when the psychological state is excited or anxious, are likely to eventually suffer losses even if they are profitable.
Therefore, if the price has risen, you need to check again whether it is supported or resisted at the support and resistance points or sections, and modify and supplement your trading strategy accordingly.
Altcoins that have soared this time are likely to be the first runners, but altcoins are likely to gradually move sideways or decline if BTC dominance maintains an upward trend.
Therefore, if you want to hold it from a long-term perspective, you should pay attention to coins (tokens) that are expanding the coin ecosystem.
Therefore, if you made the first purchase of an altcoin when BTC was below 29K, you must make the second purchase in the range of BTC 32K-43K.
The time to buy an altcoin in earnest is when it rises above the HA-High indicator on the 1M chart and shows support.
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(BTCKRW chart)
The key question is whether the price can rise above 40674000 and sustain the price.
If not,
1st: 39049000
2nd: 37821000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
The calculation formula of the Volume Index Osc indicator included in the 'Vol & Trend' sub-indicator has been changed.
The Volume Index Osc indicator utilizes the formulas of the PVI and NVI indicators to distinguish buying and selling times according to changes in trading volume.
Therefore, the part marked in orange means the time to buy.
For reference, the OBV indicator included in the 'Vol & Trend' sub-indicator shows the increase and decrease in buying and selling forces due to changes in trading volume in accordance with price changes.
(1M chart)
Depending on where the candle closes this month, it is highly likely that a new HA-Low indicator on the 1M chart will be created.
If the HA-Low indicator on the 1M chart is created and it shows support around it, it will be the time to buy the first full-scale from a long-term perspective.
Currently, the HA-Low indicator of the 1M chart is formed at 21023.14.
So, you might ask if the support at 21023.14 was a full-fledged buying period.
The reason I didn't say that it was a full-fledged buying period at 21023.14 was because it was located below the MS-Signal indicator.
Keeping the price above the MS-Signal indicator means that there is a good chance of continuing the uptrend from a trend perspective.
Therefore, if the HA-Low indicator on the 1M chart is generated near the MS-Signal indicator, it is highly likely to show a full-fledged uptrend.
(1W chart)
It rose above the HA-High indicator on the 1W chart and rose above the previous high of 31000.0.
Thus, the basic interpretation method of the HA-High index has been achieved.
If it rises above the support and resistance zone of 32259.90-35286.51, the next previous high is at 48189.84.
Therefore, it is expected to show a move towards the 45135.66 area.
To that end, the HA-High indicator on the 1W chart is expected to rise again and be created.
The 32259.90-35286.51 section corresponds to the boundary between an uptrend and a downtrend when viewed from the big picture, so it is significant that it rises above this section.
If it fails to rise, you should check for support around 26574.53-27590.60.
(1D chart)
As it rose above the HA-High indicator on the 1D chart, it renewed the previous high again.
The 1D chart includes a Trend-Based Fib Extension tool.
The Fibonacci chart on the left is based on a downtrend, while the one on the right is based on an uptrend.
Therefore, if the price holds above 32259.90,
1st: 34197.22-35045.0
2nd: 37253.81
3rd: 39260.17
The key is whether it can break through the above 1st-3rd areas upwards.
The next volatility is around August 21st.
Therefore, it is necessary to check if the trend can be formed by breaking out of the 28923.63-32259.90 area.
-------------------------------------------------
(DXY chart)
(BTC.D chart)
If BTC dominance drops below 50.49, it will be an illusion that an altcoin bull market has begun.
For this illusion to be true, it needs to fall below the 47.64-48.80 zone.
(USDT.D chart)
We need to see if the USDT dominance drops below 6.85 to get resistance.
If not, it is likely to rise above 7.27.
When USDT dominance drops below 6.21, the coin market will feel that the bull market has begun.
BTC dominance rises around 56.78-61.73, and then begins to fall before the real bull market begins.
Therefore, I think it will induce losses for individual investors as it swings up and down before rising to around 56.78-61.73.
Therefore, if you do not want to hold from a long-term perspective, it is better to increase the number of coins (tokens) corresponding to profits while responding in the short term.
Although it is showing a sharp rise due to issues related to the BTC ETF, we must be careful not to cause psychological agitation with this rise as BTC did not rise above the important range of 35045.0-37253.81.
This is because investments, that is, transactions carried out when the psychological state is excited or anxious, are likely to eventually suffer losses even if they are profitable.
Therefore, if the price has risen, you need to check again whether it is supported or resisted at the support and resistance points or sections, and modify and supplement your trading strategy accordingly.
Altcoins that have soared this time are likely to be the first runners, but altcoins are likely to gradually move sideways or decline if BTC dominance maintains an upward trend.
Therefore, if you want to hold it from a long-term perspective, you should pay attention to coins (tokens) that are expanding the coin ecosystem.
Therefore, if you made the first purchase of an altcoin when BTC was below 29K, you must make the second purchase in the range of BTC 32K-43K.
The time to buy an altcoin in earnest is when it rises above the HA-High indicator on the 1M chart and shows support.
------------------------------------------
(BTCKRW chart)
The key question is whether the price can rise above 40674000 and sustain the price.
If not,
1st: 39049000
2nd: 37821000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Note
(BTCUSDT 1D chart)It shows that the 1. Volume Index Osc indicator included in the 'Vol & Trend' indicator has turned into a selling trend.
However, the 2. OBV indicator still shows a bullish predominance.
1. The Volume Index Osc indicator is an indicator that shows the increase or decrease in trading volume according to changes in trading volume.
2. The OBV indicator is an indicator that shows the change in trading volume in response to price changes.
Therefore, it can be seen that the possibility of an increase in selling pressure is increasing due to an increase in selling pressure in accordance with changes in trading volume.
In this phenomenon, it is important whether it is supported or resisted around the support and resistance range of 29762.38-30495.92.
Once supported, it is necessary to check if it can rise in an uptrend.
If you encounter resistance, you should check for support around 28465.36-28923.63.
Based on the current trend, the next period of volatility is around the 21st of August.
(DXY 1D chart)
(BTC.D 1D chart)
(USDT.D 1D chart)
We recommend that you check the explanation of DXY, BTC Dominance, and USDT Dominance that I have been talking about before.
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