Bitcoin (BTC) - September 11
Updated
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(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
In the short term, the 40163.5-45211.0 zone is an important support zone for continuing the uptrend.
Above the 47010.0 point, it is expected to create a new wave if the price is maintained as a high point.
(1D chart)
It is necessary to check whether support can be obtained by ascending to the 46695.0-49518.0 section, which is an important section.
It is necessary to check whether the decline can be stopped in the 43918.0-45211.0 section.
It is important to keep the price above the 42084.0 point to continue this uptrend.
An important period of volatility is around September 27 (September 26-28).
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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.
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(BTCUSDTPERP 1D Chart)
We need to see if we can sustain the price by moving up to the 46559.44-49345.92 point.
If it goes down, you should see support near the 45163.36 point.
Section A is the section where the 60SMA line passing through the section 42125.51-45163.36 and the MS-Signal indicator of the 1W chart pass, and it can be said to be an important section in this uptrend.
So, if it goes down from the 42125.51 point, it is likely to turn into a downtrend, so you need to trade with caution.
However, from an overall perspective, the 38200.01-46559.44 section is a sideways section, so you should also think about how to respond to the rebound.
It remains to be seen if the center line rises as the green of the OBV on the volume indicator increases.
If the trading volume shows an increase in the 449.199K-1.417M section indicated in the trading volume indicator, the BTC price movement is expected to become active.
In the CCI-RC indicator, it is necessary to check whether the CCI line touches the EMA line and there is an upward movement.
The next volatility period is around September 26 (September 25-27).
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(BTC Dominance (BTC.D) 1W Chart)
(1D chart)
BTC Dominance touches near point 40.02 and is located in section 40.02-41.73.
Referring to the previous movement, it can be seen that an important support and resistance section has been formed near the 41.73 point.
So, if there is a move above the 41.73 point, the BTC price is likely to fall further.
If the dominance is maintained below the 41.73 point, the coin market is expected to form a new bull market.
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(USDT Dominance (USDT.D) 1D Chart)
We need to see if we can find resistance in the 3.009-3.374 section and move down.
From a short-term perspective, it is expected that the coin market will continue its upward trend when it receives resistance and declines in the range of up to 3.500-3.746.
From a mid- to long-term point of view, if it rises to the 4.158-5.003 section, I think the coin market is likely to turn into a downtrend.
It remains to be seen if the altcoin bull market can be in full swing by dropping below the 3.009 point.
----------------------------
I think the USDT chart and USDC chart are charts that give you a brief overview of the amount of money that has entered the coin market.
Thus, the rise of the USDT and USDC charts is a quick reminder that the size of funds in the coin market is increasing.
(USDT 1W chart)
(USDC 1W chart)
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(XBTUSD 1M Chart)
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** 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 wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
In the short term, the 40163.5-45211.0 zone is an important support zone for continuing the uptrend.
Above the 47010.0 point, it is expected to create a new wave if the price is maintained as a high point.
(1D chart)
It is necessary to check whether support can be obtained by ascending to the 46695.0-49518.0 section, which is an important section.
It is necessary to check whether the decline can be stopped in the 43918.0-45211.0 section.
It is important to keep the price above the 42084.0 point to continue this uptrend.
An important period of volatility is around September 27 (September 26-28).
----------------------------------
(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.
-------------------------------------
(BTCUSDTPERP 1D Chart)
We need to see if we can sustain the price by moving up to the 46559.44-49345.92 point.
If it goes down, you should see support near the 45163.36 point.
Section A is the section where the 60SMA line passing through the section 42125.51-45163.36 and the MS-Signal indicator of the 1W chart pass, and it can be said to be an important section in this uptrend.
So, if it goes down from the 42125.51 point, it is likely to turn into a downtrend, so you need to trade with caution.
However, from an overall perspective, the 38200.01-46559.44 section is a sideways section, so you should also think about how to respond to the rebound.
It remains to be seen if the center line rises as the green of the OBV on the volume indicator increases.
If the trading volume shows an increase in the 449.199K-1.417M section indicated in the trading volume indicator, the BTC price movement is expected to become active.
In the CCI-RC indicator, it is necessary to check whether the CCI line touches the EMA line and there is an upward movement.
The next volatility period is around September 26 (September 25-27).
------------------------------------
(BTC Dominance (BTC.D) 1W Chart)
(1D chart)
BTC Dominance touches near point 40.02 and is located in section 40.02-41.73.
Referring to the previous movement, it can be seen that an important support and resistance section has been formed near the 41.73 point.
So, if there is a move above the 41.73 point, the BTC price is likely to fall further.
If the dominance is maintained below the 41.73 point, the coin market is expected to form a new bull market.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
We need to see if we can find resistance in the 3.009-3.374 section and move down.
From a short-term perspective, it is expected that the coin market will continue its upward trend when it receives resistance and declines in the range of up to 3.500-3.746.
From a mid- to long-term point of view, if it rises to the 4.158-5.003 section, I think the coin market is likely to turn into a downtrend.
It remains to be seen if the altcoin bull market can be in full swing by dropping below the 3.009 point.
----------------------------
I think the USDT chart and USDC chart are charts that give you a brief overview of the amount of money that has entered the coin market.
Thus, the rise of the USDT and USDC charts is a quick reminder that the size of funds in the coin market is increasing.
(USDT 1W chart)
(USDC 1W chart)
-----------------------------------------------------
(XBTUSD 1M Chart)
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** 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 wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Note
(XBTUSD 1D Chart)A fragmentary comparison of the price flow in section B with the current price flow in section C shows a similar shape.
Therefore, it appears that further declines are expected.
However, if you look at the movement of trading volume, it shows a completely different form.
If you look at the trading volume corresponding to section B, you can see that the selling trend is increasing because the red color of OBV has already increased.
If you look at the shape of the OBV of section C, which is the current section, although it is small, it is green and the center line is rising.
Therefore, it is expected that there will be movement in the near future, indicative of large volumes.
The move is expected to come as the 60 SMA line crosses the M-Signal indicator line on the 1W chart.
If the CCI line on the CCI-RC indicator touches the EMA line and the 0 point and rises, breaking through the +100 point, it is expected to end a long downtrend (about 3 months) and accelerate the uptrend.
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