Bitcoin (BTC) - September 15
Updated
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(BTCUSDTPERP 1D Chart)
The key is whether it can rise above 20662.9 to find support.
To do this, it is necessary to check whether it is supported in the 19424.9-20122.5 section.
A break below 19424.9 is likely to revert back into the medium-term bearish channel.
If this happens, it could drop below 18374.1, so be careful.
The main position was 'SHORT' as it fell below 20794.4.
However, since the HA-Low indicator is formed around 19424.9, it is the primary support point.
The second support point is around 18374.1.
Since the HA-High indicator was formed at the 20662.9 point, we expect an uptrend if it gains support above 20662.9.
However, since the HA-Low indicator of the 1W chart is formed at the 21826.1 point, it is the primary resistance point.
The second resistance section is the section 22751.23937.1 where the HA-High indicator forms a long horizontal line.
Therefore, 20662.9 and above has a 'LONG' main position.
- The RSI and Stoch RSI indicators are out of the overbought zone.
Even when the Stoch RSI indicator enters the oversold zone, you need to check whether the 19424.9-20122.5 zone is supported.
- If the CCI line falls below the EMA line, BTC is likely to see a downtrend.
Therefore, it became even more important to keep the price above 19424.9.
The next volatility period is around October 6th.
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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)
The key is whether it can rise above 20662.9 to find support.
To do this, it is necessary to check whether it is supported in the 19424.9-20122.5 section.
A break below 19424.9 is likely to revert back into the medium-term bearish channel.
If this happens, it could drop below 18374.1, so be careful.
The main position was 'SHORT' as it fell below 20794.4.
However, since the HA-Low indicator is formed around 19424.9, it is the primary support point.
The second support point is around 18374.1.
Since the HA-High indicator was formed at the 20662.9 point, we expect an uptrend if it gains support above 20662.9.
However, since the HA-Low indicator of the 1W chart is formed at the 21826.1 point, it is the primary resistance point.
The second resistance section is the section 22751.23937.1 where the HA-High indicator forms a long horizontal line.
Therefore, 20662.9 and above has a 'LONG' main position.
- The RSI and Stoch RSI indicators are out of the overbought zone.
Even when the Stoch RSI indicator enters the oversold zone, you need to check whether the 19424.9-20122.5 zone is supported.
- If the CCI line falls below the EMA line, BTC is likely to see a downtrend.
Therefore, it became even more important to keep the price above 19424.9.
The next volatility period is around October 6th.
------------------------------
- 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
Four stablecoins occupy the top 15 rankings by market capitalization.There are USDT coins that are universally traded all over the world, and USDC and DAI coins that are issued mainly in North America.
Also, there is a BUSD coin issued by Binance, a large exchange.
Funds are flowing into and out of the coin market through these stablecoins.
Therefore, fluctuations in the market capitalization of these coins may cause fluctuations in the coin market.
As the USDT market, which forms the second largest market after the BTC market, its influence is considerable because there are numerous trading pairs.
It is likely that the market cap rankings of USDT and USDC will change in the near future.
USDT is a stable coin that is used by everyone around the world, and in particular, it is believed that there is a lot of Chinese capital.
USDC believes that a lot of US capital is formed with capital centered on North America.
Therefore, if there is a change in the market capitalization ranking, it is expected that the dominance of the coin market will shift from China to the United States.
This shift in leadership is expected to give the coin market an opportunity to line up with the stock market.
This will reduce the opportunity for individual investors to make money.
Even now, with such a movement, there are movements to change the analysis of the coin market into the flow of the stock market through all kinds of media, articles, and announcements.
The current coin market is completely different from the stock market.
Although the coin market is slowly becoming related to real business, it is distinct from stocks because holding coins cannot exert the same influence as stocks.
Nevertheless, by linking it with the index of the stock market, it is showing a movement to take over the coin market with the huge capital of the stock market.
The launch of BTC ETF and ETH ETF products on the stock market is not good for individual investors.
These product launches only serve to move funds from the dark side to the bright side by providing a position as an investor to those who have made a lot of money in the coin market.
When ETF products are properly established as investment products, the previously seen fluctuations in the coin market will continue to decrease.
In the future, the period for making big profits in the coin market is getting shorter and shorter.
So, no matter which coin you invest in (if possible, we recommend investing in a coin with a high market capitalization ranking), you should increase the number of coins (tokens) you have.
Otherwise, there is no way to make a big profit from the volatility of the ever-dwindling coin market.
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