Bitcoin (BTC) - September 9
Updated
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(BTCUSDT 1D Chart)
In order to transition into an uptrend, support should be found in the 19946.21-21873.46 section.
Looking at the previous trend, it can be seen that about 50% of the sharp decline has rebounded.
Therefore, about 50% of the fluctuation that has declined since August 15th is expected to rebound.
Therefore, assuming that the 18353.11 area is a low, it is expected to rise to around 21K.
The RSI indicator is located in the oversold zone.
Therefore, it is more likely to decline or go sideways rather than rebound.
Short-term traders should be wary of whipsaws.
---------------------------------------------
When the price is in an uptrend, you only need to think about the point to sell in installments.
However, in a downtrend, you should also consider where to buy in installments and how to increase the number of coins (tokens) you hold.
That's why you have to think more and be busier when you're in a downtrend than when you're in an uptrend.
Buying when transitioning from a downtrend to an uptrend will give you more coins (tokens).
However, the point where you thought it had turned to an uptrend would have already gone up a lot.
Therefore, it is necessary to acquire cash income by aggressively buying in the section where there is a high probability of turning into an uptrend or to increase the number of coins (tokens) held.
The current price range is an important section as the previous high.
The section that is considered to be a further downtrend is the 13K-15K section.
If you are experiencing large temporary volatility, you may be able to touch around 11K.
By making aggressive purchases in these areas, you need to increase your cash income or the number of coins (tokens) you own through short-term trading.
To understand this movement, you can refer to indicators or lines that correspond to the trend line.
However, what matters is how to find support and resistance lows.
MS-Signal, MACD-P, HA-Low and HA-High displayed in this chart are trend indicators.
Also, the point where MACD-P, HA-Low and HA-High form a horizontal line can be used as support and resistance points.
A reversal to an uptrend only requires seeing support above the MS-Signal and HA-Low indicators.
Therefore, it is enough to confirm that it is supported by ascending from the current position to the section 19946.21-21873.46.
------------------------------------------------------------ -----------------------------------------------------
** 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)
In order to transition into an uptrend, support should be found in the 19946.21-21873.46 section.
Looking at the previous trend, it can be seen that about 50% of the sharp decline has rebounded.
Therefore, about 50% of the fluctuation that has declined since August 15th is expected to rebound.
Therefore, assuming that the 18353.11 area is a low, it is expected to rise to around 21K.
The RSI indicator is located in the oversold zone.
Therefore, it is more likely to decline or go sideways rather than rebound.
Short-term traders should be wary of whipsaws.
---------------------------------------------
When the price is in an uptrend, you only need to think about the point to sell in installments.
However, in a downtrend, you should also consider where to buy in installments and how to increase the number of coins (tokens) you hold.
That's why you have to think more and be busier when you're in a downtrend than when you're in an uptrend.
Buying when transitioning from a downtrend to an uptrend will give you more coins (tokens).
However, the point where you thought it had turned to an uptrend would have already gone up a lot.
Therefore, it is necessary to acquire cash income by aggressively buying in the section where there is a high probability of turning into an uptrend or to increase the number of coins (tokens) held.
The current price range is an important section as the previous high.
The section that is considered to be a further downtrend is the 13K-15K section.
If you are experiencing large temporary volatility, you may be able to touch around 11K.
By making aggressive purchases in these areas, you need to increase your cash income or the number of coins (tokens) you own through short-term trading.
To understand this movement, you can refer to indicators or lines that correspond to the trend line.
However, what matters is how to find support and resistance lows.
MS-Signal, MACD-P, HA-Low and HA-High displayed in this chart are trend indicators.
Also, the point where MACD-P, HA-Low and HA-High form a horizontal line can be used as support and resistance points.
A reversal to an uptrend only requires seeing support above the MS-Signal and HA-Low indicators.
Therefore, it is enough to confirm that it is supported by ascending from the current position to the section 19946.21-21873.46.
------------------------------------------------------------ -----------------------------------------------------
** 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 key is whether it is supported near 20798.16.
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