Bitcoin (BTC) - September 16
Updated
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(BTCUSDT 1D Chart)
The HA-Low and HA-High indicators started to fall and form a horizontal line.
- HA-Low indicator point: 19622.58,
- HA-High indicator point: 20663.25
Therefore, if the price is supported near 20663.25 and rises above 20663.25 to maintain the price, it can be interpreted as highly likely to show an uptrend.
However, if support is confirmed by rising above the 19946.21 point, it is highly likely to lead to further upside.
If the price is maintained by rising above the HA-High indicator, it is highly likely that the uptrend will continue.
However, the section 22753.10-23949.03 where the horizontal line of the HA-High index passes can be a resistance section.
Therefore, in order to lead to a full-fledged upward trend, it is expected that it will need to rise above the 22753.10-23949.03 section.
There are several trend lines drawn on the chart.
In particular, we need to see if we can move along the #1 uptrend line and near the #2 uptrend line.
Uptrendline 1 is a long-term trendline, and if it falls below this trendline, i.e. below 18353.11, there is a possibility of a sharp decline.
The uptrend line #2 is the medium term trendline, which was newly drawn this week.
Therefore, an uptrend along this trendline is expected to lead to an attempt to break through the medium-term downtrend line.
In the short term, a diffusion channel has formed, making it more likely that volatility will increase.
The Stoch RSI indicator is expected to enter the oversold zone in the near future.
Accordingly, it is necessary to identify where support and resistance are found when the oversold zone is broken.
If CCI remains below the EMA line, BTC could lead to further declines, so countermeasures should be taken into account.
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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
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** 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)
The HA-Low and HA-High indicators started to fall and form a horizontal line.
- HA-Low indicator point: 19622.58,
- HA-High indicator point: 20663.25
Therefore, if the price is supported near 20663.25 and rises above 20663.25 to maintain the price, it can be interpreted as highly likely to show an uptrend.
However, if support is confirmed by rising above the 19946.21 point, it is highly likely to lead to further upside.
If the price is maintained by rising above the HA-High indicator, it is highly likely that the uptrend will continue.
However, the section 22753.10-23949.03 where the horizontal line of the HA-High index passes can be a resistance section.
Therefore, in order to lead to a full-fledged upward trend, it is expected that it will need to rise above the 22753.10-23949.03 section.
There are several trend lines drawn on the chart.
In particular, we need to see if we can move along the #1 uptrend line and near the #2 uptrend line.
Uptrendline 1 is a long-term trendline, and if it falls below this trendline, i.e. below 18353.11, there is a possibility of a sharp decline.
The uptrend line #2 is the medium term trendline, which was newly drawn this week.
Therefore, an uptrend along this trendline is expected to lead to an attempt to break through the medium-term downtrend line.
In the short term, a diffusion channel has formed, making it more likely that volatility will increase.
The Stoch RSI indicator is expected to enter the oversold zone in the near future.
Accordingly, it is necessary to identify where support and resistance are found when the oversold zone is broken.
If CCI remains below the EMA line, BTC could lead to further declines, so countermeasures should be taken into account.
------------------------------
- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -----------------------------------------------------
** 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
(US 100 CFD (Nasdaq100) 1D Chart)The 12212.6-12932.3 section is an important section, and if you make a decline in this section, it is likely to show a downtrend.
Therefore, it is important to be able to climb to the 12212.6-12932.3 section.
If resistance is found at 11953.1, it is likely to move towards the 11371.9 area.
Note
(BTCUSDTPERP 1D Chart)In order to continue the uptrend, the length of the HA-Low indicator must be longer than the length of the horizontal line of the HA-High indicator.
So, if it finds support and moves above the 19424.9 level, there is a possibility that it will show an uptrend.
Since the horizontal point of the HA-High indicator is 20662.9, the key is whether it can rise above this point.
At the same time, the Stoch RSI indicator entered the oversold zone, so it is necessary to check whether it remains above 19424.9 when it comes out of the oversold zone.
Primary resistance: 20794.4-21826.1
Secondary resistance: 22751.0-23937.1
- When it falls below 19424.9, the main position is 'SHORT'.
Position switchable point: around 18374.1
- If it rises above 20794.4, the main position is 'LONG'.
Position switchable section: around 21481.1-21826.1
- In the section 19424.9-20794.4, it is a short-term response section.
Note
If both the RSI and Stoch RSI indicators break out of the oversold zone by 1-2 days, it is highly likely that an uptrend will begin.Note
(DXY 1M chart)It is expected to enter a stable zone when it falls below 98.244-101.860.
The key is whether the 114.315-123.460 zone can find resistance and turn into a downtrend.
Note
(BTCUSDTPERP 1D Chart)Trading in a fixed sideways section is terribly boring.
In this market flow, it is time to trade margin, futures.
When the direction of the coin market appears, you can confirm the profit in the spot market with the coins (tokens) you have purchased.
In margin and futures trading, in order to obtain a large profit within a short time, the probability of forced liquidation increases by using high leverage and trading with 50% or more of the total investment.
Therefore, it is a priority to trade with less than 10-20% of your total investment and start with a leverage of around 5%-10% to become familiar with margin and futures trading.
If you are new to margin and futures trading, it is recommended to trade with less than 10% of your total investment.
This will reduce your chances of being forced to liquidate from volatility.
The section that is currently expected to be a sidewalk section is the section 1924.9-20662.9.
Therefore, you are likely to get short-term returns except when you get out of this zone.
Under no circumstances should the transaction be stopped.
Once you stop trading, it can take a significant amount of time to get it back on track, as the feeling is quickly lost.
By consistently trading even in small amounts, we need to lay the groundwork for the upcoming bull market.
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