Bitcoin (BTC) - September 8
Updated
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(BTCUSDTPERP 1D Chart)
To turn into an uptrend, it must rise above 20220.1.
To do that, we need to make sure that it can be supported by 19424.9 or later.
Otherwise, it is expected to fall below 18374.1.
- The RSI indicator is not out of the oversold zone, and the Stoch RSI indicator is out of the overbought zone.
Therefore, the trend is mixed.
- The key question is whether the volatility around September 11 can break out of the medium-term downtrend channel.
- To enter a new position,
The section 19424.9-20220.1 requires a quick short-term response.
If support is confirmed by rising above 20220.1, the main position is 'LONG'.
If you see resistance after falling from 19424.9, your main position is 'SHORT'.
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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.
-------------------------------------
(BTCUSDTPERP 1D Chart)
To turn into an uptrend, it must rise above 20220.1.
To do that, we need to make sure that it can be supported by 19424.9 or later.
Otherwise, it is expected to fall below 18374.1.
- The RSI indicator is not out of the oversold zone, and the Stoch RSI indicator is out of the overbought zone.
Therefore, the trend is mixed.
- The key question is whether the volatility around September 11 can break out of the medium-term downtrend channel.
- To enter a new position,
The section 19424.9-20220.1 requires a quick short-term response.
If support is confirmed by rising above 20220.1, the main position is 'LONG'.
If you see resistance after falling from 19424.9, your main position is 'SHORT'.
------------------------------
- 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
(USDT 1D Chart)(USDC 1D Chart)
(USDT.D 1D Chart)
Stablecoins such as USDT and USDC must continue to rise, so it can be considered that funds are flowing into the coin market.
In particular, USDT forms a large market on exchanges, so it is recommended to check the movement of USDT dominance.
If the USDT dominance declines, it can be interpreted that the coin market is likely to rise.
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(BTC.D 1M Chart)
BTC Dominance allows you to determine whether your funds are being concentrated towards BTC or altcoins.
Therefore, if BTC dominance declines, it can be interpreted that funds are being concentrated towards altcoins.
Therefore, BTC price volatility can be high, so short-term traders should be wary of whipsaw.
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(US 100 CFD (Nasdaq) 1D Chart)
The 12212.6-12932.3 interval is an important interval.
Therefore, if it is supported and rises in the 12212.6-12932.3 section, it is likely to show an uptrend.
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