Next period of volatility in current trend: around August 21st
Updated
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(BTCUSDT chart)
This is a period of volatility until July 12th.
Therefore, the question is whether the price will remain above the HA-High indicator on the 1D chart after this period of volatility.
If not,
1st: 29762.38
2nd : 28465.36-28923.63
3rd: 26574.53-27496.02
You need to make sure it is supported in the vicinity of the 1st-3rd order above.
After this volatility period, the next volatility period will be around August 21st.
Therefore, it is expected that in this volatility period, it will be very important at what point there is support or resistance.
As I mentioned in the DXY and Market cap charts that I mentioned before publishing the BTC chart description, you can see that there is a change in the money in the investment market.
Changes in funds will soon have an impact on individual investment products.
The coin market believes that changes in funds do not immediately lead to changes in the coin market as a whole.
The reason is that BTC markets are created on exchanges around the world.
Therefore, although changes in funds can lead to changes in BTC prices, it can be thought that the direct impact on other altcoins is small.
In the description of the DXY, Market cap chart, I said that the investment market is expected to be lively and the upward trend of funds will be prominent.
Therefore, it is highly likely that the price of BTC will also follow an upward trend.
(1M chart)
However, from a long-term perspective, the RSI indicator is still in the oversold zone.
Therefore, as the RSI indicator moves out of the oversold zone, it is expected that the HA-Low indicator on the 1M chart will rise and be created.
If the HA-Low indicator is created in this way, whether it is supported or resisted in the vicinity becomes an important factor.
If supported, it corresponds to the first full-fledged buying period from a long-term perspective.
Then, while continuing the upward trend, when it shows support near the HA-High indicator on the 1M chart, we proceed with a full-fledged secondary purchase.
(1W chart)
The Bollinger Bands have started to contract and are located near the top of the Bollinger Bands.
Therefore, the key question is whether it can rise above 32259.90 and maintain the price.
If it fails to rise, you should check for support around 26574.53-27590.60.
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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)
This is a period of volatility until July 12th.
Therefore, the question is whether the price will remain above the HA-High indicator on the 1D chart after this period of volatility.
If not,
1st: 29762.38
2nd : 28465.36-28923.63
3rd: 26574.53-27496.02
You need to make sure it is supported in the vicinity of the 1st-3rd order above.
After this volatility period, the next volatility period will be around August 21st.
Therefore, it is expected that in this volatility period, it will be very important at what point there is support or resistance.
As I mentioned in the DXY and Market cap charts that I mentioned before publishing the BTC chart description, you can see that there is a change in the money in the investment market.
Changes in funds will soon have an impact on individual investment products.
The coin market believes that changes in funds do not immediately lead to changes in the coin market as a whole.
The reason is that BTC markets are created on exchanges around the world.
Therefore, although changes in funds can lead to changes in BTC prices, it can be thought that the direct impact on other altcoins is small.
In the description of the DXY, Market cap chart, I said that the investment market is expected to be lively and the upward trend of funds will be prominent.
Therefore, it is highly likely that the price of BTC will also follow an upward trend.
(1M chart)
However, from a long-term perspective, the RSI indicator is still in the oversold zone.
Therefore, as the RSI indicator moves out of the oversold zone, it is expected that the HA-Low indicator on the 1M chart will rise and be created.
If the HA-Low indicator is created in this way, whether it is supported or resisted in the vicinity becomes an important factor.
If supported, it corresponds to the first full-fledged buying period from a long-term perspective.
Then, while continuing the upward trend, when it shows support near the HA-High indicator on the 1M chart, we proceed with a full-fledged secondary purchase.
(1W chart)
The Bollinger Bands have started to contract and are located near the top of the Bollinger Bands.
Therefore, the key question is whether it can rise above 32259.90 and maintain the price.
If it fails to rise, you should check for support around 26574.53-27590.60.
------------------------------------------
(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
(DXY chart)All charts show a decline below the uptrend line.
We need to see if the downtrend can be maintained beyond the next period of volatility.
(USDT.D chart)
We need to see if it can drop below 7.14 and be maintained.
With the DXY falling, the potential for a boost in the investment market is increasing.
Correspondingly, USDT dominance is also showing signs of falling.
For more information, check out Today's DXY Chart, USDT.D Chart Ideas.
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