Bitcoin (BTC) - July 17
Updated
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(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
The key is to get support above 21475.62 and get inside the lower end of the Bollinger Bands (60).
Since the RSI indicator has not yet moved out of the oversold zone, careful trading is required.
(1D chart)
It is necessary to check whether there is any movement out of the section 18719.11-22487.41.
The next volatility period is around July 18th.
However, if the price is maintained above the uptrend line passing the 19695.87 point around July 18th, there is a possibility that the price will rise from the volatility period around July 24th.
At this time, the rising section is expected to be 23K-25K.
(BTC.D chart explanation)
A decline in BTC dominance is likely to lead to a rise in altcoins.
This will reduce the trading volume of BTC and increase the possibility of large volatility as the asking price becomes thinner.
Since BTC is not currently leading the rise, it is recommended to trade from a short-term perspective.
At this time, I think it is better to proceed with the transaction in the direction of increasing the holding quantity rather than the cash profit.
However, if you feel that your cash holdings are insufficient, it is better to obtain cash income.
Because when it goes down one more wave, you need money to buy.
(USDT.D chart explanation)
Stablecoins such as USDT and USDC act as a channel for funds to flow into the coin market.
Therefore, USDT and USDC should continue to trend upward.
A rise in USDT and USDC causes the USDT dominance and USDC dominance to rise as well.
However, USDT dominance and USDC dominance decrease when the coin market is on an upward trend, and rise when the coin market is in an uptrend.
This is a phenomenon that occurs when the funds flowing into the coin market are used for trading.
It may be a little difficult to understand, but stablecoins such as USDT and USDC are charts that show the inflow and outflow of funds.
USDT Dominance, USDC Dominance is a chart that shows whether or not funds are being used to trade in the coin market.
For the coin market to become a bull market, USDT and USDC charts must rise first.
Currently, the USDT chart is approaching the boundary between an uptrend and a downtrend.
If this flow continues, more funds are likely to flow out of the coin market via USDT.
However, the USDC chart is maintaining an upward trend.
The recent stablecoin issue seems to have accelerated the movement of funds from USDT to USDC.
However, as the amount of money flowing through USDC is small compared to the amount of money flowing out through USDT, it is judged that funds are flowing out of the coin market as a whole.
In summary, the current coin market is only showing a rebound from a downtrend.
For this rebound to lead to a full-fledged uptrend, it needs to move higher than 29K.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
The key is to get support above 21475.62 and get inside the lower end of the Bollinger Bands (60).
Since the RSI indicator has not yet moved out of the oversold zone, careful trading is required.
(1D chart)
It is necessary to check whether there is any movement out of the section 18719.11-22487.41.
The next volatility period is around July 18th.
However, if the price is maintained above the uptrend line passing the 19695.87 point around July 18th, there is a possibility that the price will rise from the volatility period around July 24th.
At this time, the rising section is expected to be 23K-25K.
(BTC.D chart explanation)
A decline in BTC dominance is likely to lead to a rise in altcoins.
This will reduce the trading volume of BTC and increase the possibility of large volatility as the asking price becomes thinner.
Since BTC is not currently leading the rise, it is recommended to trade from a short-term perspective.
At this time, I think it is better to proceed with the transaction in the direction of increasing the holding quantity rather than the cash profit.
However, if you feel that your cash holdings are insufficient, it is better to obtain cash income.
Because when it goes down one more wave, you need money to buy.
(USDT.D chart explanation)
Stablecoins such as USDT and USDC act as a channel for funds to flow into the coin market.
Therefore, USDT and USDC should continue to trend upward.
A rise in USDT and USDC causes the USDT dominance and USDC dominance to rise as well.
However, USDT dominance and USDC dominance decrease when the coin market is on an upward trend, and rise when the coin market is in an uptrend.
This is a phenomenon that occurs when the funds flowing into the coin market are used for trading.
It may be a little difficult to understand, but stablecoins such as USDT and USDC are charts that show the inflow and outflow of funds.
USDT Dominance, USDC Dominance is a chart that shows whether or not funds are being used to trade in the coin market.
For the coin market to become a bull market, USDT and USDC charts must rise first.
Currently, the USDT chart is approaching the boundary between an uptrend and a downtrend.
If this flow continues, more funds are likely to flow out of the coin market via USDT.
However, the USDC chart is maintaining an upward trend.
The recent stablecoin issue seems to have accelerated the movement of funds from USDT to USDC.
However, as the amount of money flowing through USDC is small compared to the amount of money flowing out through USDT, it is judged that funds are flowing out of the coin market as a whole.
In summary, the current coin market is only showing a rebound from a downtrend.
For this rebound to lead to a full-fledged uptrend, it needs to move higher than 29K.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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
(BTCUSDTPERP 1h Chart)The key is whether it can move above 21481.1 to find support.
Also, a break out of the downtrend line is expected to lead to further upside.
Note
Note
** Show support and resistance points **(ETCUSDT 1M)
(1W)
(1D)
Note
** Stochastic RSI Indicator **The Stoch RSI indicator is a good indicator to use for short-term waves, that is, rising and falling prices.
Although the fluctuation of the Stoch RSI indicator cannot tell the trend, it can be used to predict the rise and fall of the price.
Therefore, it is much better in terms of utilization when viewed together with the oversold and overbought sections of the RSI indicator.
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