Bitcoin (BTC) - September 14
Updated
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(BTCUSDT 1D Chart)
The MS-Signal indicator is passing near 20798.16, so the key is whether it can rise above 20798.16.
The MS-Low indicator renewed downward and is located near 19695.87.
Accordingly, it is necessary to check whether it can be supported in the section 19695.87-20131.46.
The MS-High indicator is showing signs of going down.
However, it seems that the exact point will be known only when the candle is closed.
A medium-term bearish channel is forming below 19695.87.
If you hold the price above the bearish channel, it is expected to rise.
RSI and Stoch RSI indicators are expected to break out of the overbought zone.
When you break out of the overbought zone, you need to check where support and resistance are found.
If you see sharp rises and sharp declines, then reversals and rebounds will follow.
The section that needs to be supported to show an uptrend is the section 20798.16-21838.98.
We should rebound and see if we can find support by moving up near 21475.02.
In the medium term, if the CCI line remains above the EMA line, it is expected to continue its uptrend.
If resistance is found at 18353.11, I would expect a move towards the 15916.68 area.
The next volatility period is around September 25th.
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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 MS-Signal indicator is passing near 20798.16, so the key is whether it can rise above 20798.16.
The MS-Low indicator renewed downward and is located near 19695.87.
Accordingly, it is necessary to check whether it can be supported in the section 19695.87-20131.46.
The MS-High indicator is showing signs of going down.
However, it seems that the exact point will be known only when the candle is closed.
A medium-term bearish channel is forming below 19695.87.
If you hold the price above the bearish channel, it is expected to rise.
RSI and Stoch RSI indicators are expected to break out of the overbought zone.
When you break out of the overbought zone, you need to check where support and resistance are found.
If you see sharp rises and sharp declines, then reversals and rebounds will follow.
The section that needs to be supported to show an uptrend is the section 20798.16-21838.98.
We should rebound and see if we can find support by moving up near 21475.02.
In the medium term, if the CCI line remains above the EMA line, it is expected to continue its uptrend.
If resistance is found at 18353.11, I would expect a move towards the 15916.68 area.
The next volatility period is around September 25th.
------------------------------
- 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
(BTCUSDT 1D Chart)The HA-High indicator fell and formed at 20663.25.
So, if the price holds above 20663.25, we expect the uptrend to continue.
Currently, it is supported near 20131.46 and is showing an upward trend.
When the Stoch RSI indicator enters the oversold zone, it is necessary to check where support and resistance are found.
Therefore, the current upside is most likely a reflex rebound from a sharp drop.
If the price rises and falls without support above 20663.25, it may lead to further declines, so countermeasures are required.
You want to make money by investing, i.e. trading, but ironically your trading strategy must seek ways to reduce your losses.
Therefore, buying at any point and figuring out how much profit you can make if the price rises will only increase your chances of failing the trade.
When you buy at a certain point, you need to create a trading strategy with the idea that you will only be able to get a profit after you have to bear a certain amount of loss.
We need a way to increase the number of coins (tokens) held while trying to lower the average purchase price by considering the size of the investment, split transaction method, and profit realization method as a loss prevention method.
Note
When the coins that are being invested in long-term fall by more than -10%, you can buy them as long as your cash is not exhausted.Because no one knows how much a drop of more than -10% will occur, you need to control the amount you buy.
Then, when it rises by more than +10% from the point of purchase, you can sell as much as the purchase principal to recover the purchase principal and increase the number of coins (tokens) corresponding to the profit.
If you don't like this method, you can get it as cash income.
For example, if you buy 100 USDT at a certain point, when the yield is +10%, you sell with 50 USDT of the purchase principal (+ transaction fee x2~x20).
And, when the yield is +20%, the remaining purchase principal is 50USDT (+ transaction fee x2~x20 included) and sold.
You can make a profit by selling in this way.
As I wrote in the BTC post, the coin market's full-fledged bull market is expected to begin when it rises above 29K.
Therefore, the method in the example above can be performed before 29K.
And, when it rises above 29K, we start buying in earnest.
We'll get back to you when we see a move above 29K for more details.
It can be applied to all investments in BTC and altcoins.
Note
The investment market, i.e. the stock market, has been around for a long time.Methods of analysis in the stock market have evolved.
I am currently analyzing the stock market, and I am analyzing all kinds of data.
In particular, we analyze articles such as world economic indicators and theme stocks.
By bringing these things to the coin market, there are a lot of data that analyze the movement of the coin market, that is, the BTC chart.
Analyzing individual stocks into multiple themes with multiple article analysis being done in the stock market is likely an attempt to make it easier to manage by analysts or forces.
Some stocks rise even when global economic indicators are bad, and vice versa.
Therefore, looking at these articles and analyzing individual stocks is highly likely to fail in trading.
Even if you refer to the article, you must first analyze the charts of individual stocks and then read the articles to eliminate prejudice and analyze individual stocks.
Attempting to relate the coin market movement to the stock market movement is also an attempt to make it easier for analysts and forces to manage.
It is quite difficult for individual investors to follow this trend.
The reason is that individual investors are more likely to make a profit by taking a loss.
Before all kinds of articles are published in the press, the price chart moves in advance.
So, you can roughly tell whether the price is going up or down by looking at the flow of the chart.
As you can see if you keep reading my posts, I am telling you the flow of the chart with a few indicators to make it easier to understand.
This move alone does not make trading successful.
A trading strategy is essential for successful trading.
Few people will tell you how to craft a trading strategy.
The reason for this is that they receive a paid membership or a small membership fee to inform them.
It is quite difficult to learn how to craft a trading strategy, even if you are a paid member or pay a small membership fee.
This is because if you tell us how to create a trading strategy, you are more likely to leave your membership.
For example, let's say you buy ETH and want to trade it.
1. At this time, you must first decide how long you will invest in ETH in your opinion.
This is a fairly important issue before you start trading.
This is because trading strategies vary greatly depending on the investment period.
2. Next, you need to decide how big your investment will be.
As the size of the investment increases, the psychological burden increases, and depending on the investment period, it can lead to a huge problem of money rotation, which is a very important issue.
3. Finally, you need to decide how to trade.
How to trade should determine how to trade and how to realize profits.
Trading methods vary for short-, medium- and long-term investments.
In particular, what is important is how to reduce losses when they start to occur.
If you cannot find a way to reduce your losses, you should not proceed with the trade.
Also, how to realize profit is an important issue as it determines actual profit or loss.
Profit realization methods are largely divided into a method of earning cash income and a method of increasing the number of coins (tokens).
It is not easy to create a trading strategy with this amount of text, but as I said in the broadest sense, if you get used to my charts, you will gradually realize how to create a trading strategy on your own.
If you are thinking, 'Isn't it possible to make a profit by knowing the rise and fall of the current price in advance?', you should try trading more.
Currently, no one knows 100% the question of whether prices will rise or fall.
You can only make predictions with your own chart analysis and other analysis.
These predictions are not my own predictions, so it is not easy to trade based on them.
The reason is that they didn't think about how to respond when the movement in the opposite direction came out of what others analyzed.
So, before looking at someone else's analysis, it's a good idea to look at the chart you're going to trade on and organize your thoughts roughly.
If you can create a trading strategy, you will be able to earn steady profits.
It can be seen that the coin market is currently at the bottom with a lot of declines.
In the big picture, it is expected that a full-fledged uptrend will begin only when it is supported and rises in the 13K-15K section.
However, even so, the current price is a meaningful price.
This is because it spans the highs of 2017-2018.
So, it's not a bad segment to start trading.
However, you shouldn't run out of cash as you are expected to touch the 13K-15K segment.
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