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Could our next Bitcoin rally take us to $100,000?This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs, however if we go to $2,800 and start showing signs of reversal it might be time to buy more for the long-term. This scenario calls for our bottom at $2,870; and our wave 3 top (if extended wave 3) would be $85,254 (4.236%, then a wave 4 should take us to the normal 38.2% at $49,800 followed by a wave 5 to either 1.0% ($72,399), 161.8% ($84,522) or 261.8% ($104,140). Shaded parts of the emerald are based on Gann fann (Predicted $20,000 top - 45° from start of bull-run) I will post a non-drawn on chart in the comments for anyone who dislikes the drawing. Thanks.
BITSTAMP:BTCUSD
by Godly
57
The long sideways are coming to an endHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) We are going to show how the HA-High indicator created on July 5th, starting on April 17th, is changing due to this movement. Accordingly, the HA-High indicator is expected to move from the 30495.92 point to the 34389.02 point. Therefore, among the 34110.32-34786.17 range, it is expected that whether it receives support or resistance around 34389.02 will be an important factor. If the HA-High indicator is supported and rises, it is likely to renew the previous best high. As the volatility period passed around November 2-8 (maximum November 1-9), it became important to maintain the price in which direction it deviated from the 34110.32-34786.17 range. On the other hand, if it meets resistance at the HA-High indicator and falls, it is highly likely that it will basically fall near the HA-Low indicator. Currently, the HA-Low indicator point is located at 26151.99, but if the price falls, it is highly likely that a new HA-Low indicator will be created. Therefore, at that time, whether or not it is supported by the HA-Low indicator becomes an important issue. If such a move is made near the MS-Signal indicator, there is a possibility of creating a pull back pattern because the reliability is high. (1W chart) Fluctuations in the HA-High indicator are also expected in the 1W chart. As you can see from the formula of the published indicator (HA-MS), the HA-High indicator is a combination of the Hikinashi and RSI indicators. Therefore, because the RSI indicator entered the overbought zone due to this rise, there is a high possibility that the HA-High indicator will fall and be created once it leaves the overbought zone. As of April 19, 2021, the HA-High indicator, which was created on November 15, 2021, has fallen, increasing the possibility of its creation. As explained in the 1D chart, large fluctuations in the trend are likely to occur depending on whether support or resistance is received in the HA-High indicator, so changes in the HA-High indicator on the 1W chart can be said to be very meaningful. When a new HA-High indicator is created, whether it is created above or below the current price will play an important role in forming support and resistance zones. On the 1D chart, the position where the HA-High indicator is intended to be created is located below the current price, so it is in the support range, so you should think that there is a higher possibility of an increase and think about a countermeasure. However, you must also think about countermeasures in case of a decline. This rise can be seen as a signal that the long sideways trend is coming to an end. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
Entering a period of great volatilityHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1W chart) As it rises above the 29241.72-30767.38 range, we are entering a period of great volatility. Accordingly, The resistance section is 1st: 38531.90 2nd: 46431.5 It is expected to be around the first and second rounds above. However, even if it falls, it must be supported around 29241.72-30767.38. If not, it is likely to fall towards the 21258.0-23174.39 area, so selling is necessary to secure profits. The maximum rise during periods of high volatility is expected to be around 46431.5. However, depending on how it breaks above 38531.90, there is a possibility that it will form a high around 38531.90 and then fall. Accordingly, you should check the trading volume when it rises above 38531.90. In order for a period of high volatility to proceed normally, the price must be maintained above the 29241.72-30767.38 range. Otherwise, if it touches below 29241.72-30767.38 even once, there is a high possibility of a short-term decline, so a countermeasure is needed. We don't yet know when this period of high volatility will end, but it is expected to end with a decline to create a large pull back pattern. If so, the low point to create a large pull back pattern is expected to be near the MS-Signal indicator. Therefore, as the price rises, the MS-Signal indicator is expected to rise and eventually form a low point around 29241.72-30767.38, the section where the period of great volatility began. (1D chart) It shows an upward trend above the box range of 29850.45-31804.20. Accordingly, it becomes important to be able to maintain the price above 30495.92-30766.51. The next period of volatility will be around November 2-8. (4h chart) The key is whether the upward trend continues along the upward trend line after around October 26th. As BTC appears to be breaking above its recent high, altcoins are also showing an upward trend. However, if BTC rises above 32K and continues to rise, altcoins are expected to gradually sideways or begin to decline. Accordingly, from a mid- to long-term perspective, the secondary purchase period for altcoins is expected to take place between 32K and 43K BTC. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
The key is whether it can receive support at 29850.45 and riseHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1M charts) As it rises above 28465.36, the volume profile section, expectations for further increases are increasing. However, since a box section is formed between 32917.17 and 59053.55, it is expected that more strength will be needed to lead to a further rise. (1W chart) I think it needs to fall below 21258.0-23174.39 or rise above 29241.72-30767.38 to enter a period of great volatility. Accordingly, the key is whether the price can be maintained by rising above the 29241.72-30767.38 range. Given the current movement, it is becoming important whether the price can be sustained by breaking above the downtrend line (2). If it does not rise above the downtrend line (2), it means that it is being resisted in the 29241.72-30767.38 range, so there is a possibility of forming a high point. When a new candle is created, you should check whether the StochRSI Histogram indicator turns bullish. If the Histogram indicator shows weakness even though the price is rising, it may mean that a high point is being created. If the price rises and holds above 29241.72-30767.38, I think a period of great volatility has begun. Therefore, I think there is a possibility that it will rise up to around 46431.5. However, it is important whether it can break upward around 38531.9. therefore, 1st: 38531.9 2nd: 46431.5 There is a high possibility that the area around the first and second levels above will form a resistance zone. (1D chart) The price is showing signs of maintaining the price by rising to the box range of 29850.45-31804.20. Accordingly, the key is whether it can break upward to the point where the downtrend line (2) and the uptrend line on the 1W chart intersect, that is, the area where the finger is pointing. If the price rises above 30495.92-30766.51, which is the middle section of the box section, and maintains the price, it is expected to lead to an attempt to rise above 31804.20. If it fails to rise above the downtrend line (2) and falls below 29850.45, you should check for support around 28797.10. At this time, if the price remains near the MS-Signal indicator, it is likely to maintain an upward trend. However, even if it temporarily plunges, if it shows support around the rising trend line (1), it is expected to maintain an upward trend. (4h chart) Accordingly, you should check whether the price remains above the downward trend line (2) even after the time indicated on the chart. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
The key is whether you can receive support from 28142.85-28465.3Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1M charts) The key is whether the price can be maintained by rising above 28465.36. (1W chart) With this rise, the StochRSI indicator entered the overbought zone. Accordingly, I think it has become important to determine at which point or section one receives support or resistance when exiting the overbought zone. If the price rises and holds above the 29241.72-30767.38 range, a period of great volatility is expected to begin. Conversely, if the price falls below 21258.0-23174.39 and holds, then a period of great volatility is expected to begin. If a period of great volatility appears in an upward trend, it is expected to rise to around 46431.5. However, there is a possibility of resistance around 38531.90, so caution is required at this time. In any case, if large volatility appears in an upward trend, a test of the support zone will eventually occur. Accordingly, I think there is a high possibility that a pull back pattern will emerge. When this pull back pattern occurs, it is expected to be important to maintain the price above 29241.72-30767.38. Conversely, if it falls below 21258.0-23174.39, I will let you know if there is any movement. (1D chart) As it rose above 28142.85, there was a movement away from the 25131.48-28142.85 range, which is the box range formed by the HA-Low indicator. Accordingly, if the price remains above 28142.85 after October 20th, it is expected to lead to a further rise. However, if the upward trend continues, the HA-High indicator is expected to decline and be created. If a new HA-High indicator is created, the key is whether it can be supported and rise from that point. Accordingly, the 28797.1 point is expected to be an important support and resistance point. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
In order to turn into a short-term upward trend...Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1M charts) The key is whether the price can be maintained by rising above 28465.36. The intensity of the decline is increasing as the StochRSI indicator falls below 50. Therefore, when entering an oversold section or turning upward, it is necessary to check at which point or section there is support or resistance. Therefore, if the StochRSI indicator shows support above 28465.36 when it turns upward, it can be said that there is a high possibility of an upward trend. (1W chart) It is located near the M-Signal indicator on the 1M chart. The StochRSI indicator is on the rise. We need to check whether the upward trend can be maintained even in newly created candles. If the upward trend continues, it is expected to enter the overbought zone in the near future. Even though it has entered the overbought zone, if the price rise is weak and does not rise above 29241.72, it is expected to eventually show a downward trend. At this time, if it falls below 21258.0-23174.39, it can be said that a period of great volatility has begun. Conversely, when the price rises above 29241.72-30767.38, it can be said that a period of great volatility has begun. Therefore, the downtrend mentioned above means sideways within the 21258.0-23174.39 range to 29241.72-30767.38 range. (1D chart) A slightly altered trend line has been created from the previously created uptrend line (1). Therefore, there is a possibility of a short-term bottom forming around the channel formed by this trend line. We need to check whether the StochRSI indicator can break out of the overbought zone. If it is out of the overbought zone and the price is maintained above the MS-Signal indicator, it is expected to turn into a short-term upward trend. The key is whether the price can rise above 28142.85 with this short-term upward trend. The volatility period is around October 20th, so it will be important to see if the price can stay out of the 25131.48-28142.85 range after this period. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
It seems like the time for day trading has begunHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) The most important support and resistance points at this point are those that have maintained support and resistance points to this point. Therefore, the chart was changed to display only the corresponding points. Previous support and resistance points can be used as split trading points during trading, so you should always view the chart in full view. (1M charts) On the 1M chart, the 28465.36 point is the nearby support and resistance point. Therefore, if the decline continues, caution is required as support and resistance points are weak. Since the trend has not yet changed, a reversal is expected unless it enters a downward channel. (1W chart) A sideways move around the current point is expected to create a new trend. If a new trend is created, you need to follow that trend upward and see if you can break the blue trend line upwards. If the blue trend line is not broken, the trend is expected to eventually turn downward. (1D chart) BTC rose around 16590.54, rising by more than 83%, and is now undergoing a correction. Accordingly, the key is whether it can be supported and rise from its current position, that is, around 26K. If not, you should check for support around 22K. The current correction may be viewed as a downtrend, but it will take half a year for it to turn into a true downtrend. If this rebound does not rise above 28797.1, it is expected to be an opportunity for a downward trend, so caution is needed at that time. It is currently located in an important support and resistance area. This important support and resistance area will serve to increase buying momentum. This shows that the time to take profits is not yet over. This phenomenon is expected to become stronger as BTC falls towards 22K. Therefore, I think we have entered a good time to conduct day trading, as prices can surge at any time. While conducting day trading, you should not even think about converting it into mid- to long-term trading. The trading period must be short, and a strategy of selling when profits are needed is required. --------------------------------------- (BTCKRW chart) The key is whether the price can be maintained by rising above the HA-Low indicator (35557000) on the 1D chart. If not, you need to check if there is support around 3451000. If it falls below 3451000, caution is required because the distance to the next support range is long. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
5
Start of volatility period: Expected to last until around 11thHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) I think the volatility period starts around September 1st (August 31st - September 2nd). However, I was quite curious to see what it would look like when it rose on August 29th and the volatility period began. I didn't know that I would get back to my original state like this. Returning to the previous content, I said that it is important to be able to receive support and rise around 26054.0-26189.99. Currently, the HA-Low indicator on the 1D chart has been created within the 26054.0-26189.99 range. Therefore, the 26054.0-26189.99 section has formed a stronger support and resistance section than before. It currently appears to have fallen below the 26054.0-26189.99 range. Therefore, further increases can be expected only if the price quickly rises to the 26054.0-26189.99 range or rises higher and maintains the price. This period of volatility is expected to begin around September 1st and end around the 11th. What matters during this period of volatility is whether we can rise to around 28465.36. If not, it is expected to renew the previous latest low. Accordingly, there is a high possibility that it will fall below 24800.0. There is no need to trade during periods of volatility. This is because the volatility period is such a difficult period to predict. Therefore, during a period of volatility, you need to check at which point or section you receive support or resistance and think about how to start trading when the volatility period ends. There are many cases of sideways movements during periods of volatility. If sideways moves like this, there is a possibility that the extremely boring market will continue for quite a long time (at least 12-15 days), so this should also be taken into consideration. (USDT 1D chart) You should pay close attention to see if the shape of the current candle becomes smaller like the shape of the previous candle and the gap continues to rise from the moment of movement. If this is not the case and the size of the candle remains as large as it is now, it means that the profit realization period has not yet ended. The timing of profit realization is essential for greater gains. Therefore, if you complete this profit realization period well, you will be able to earn large profits in the future beyond your losses. Below BTC 29K, i.e. below 28465.36-28923.63, is the time to focus on BTC or ETH. Therefore, for altcoins that you plan to invest in for the mid to long term, you need to complete the first purchase and focus on BTC or ETH to increase the number of coins you own. Secondary purchases of altcoins are in the 32K-43K range, but full-scale purchases of all coins (tokens) are expected to begin when support is confirmed by the HA-High indicator of the 1M chart or above 43K. --------------------------------------- (BTCKRW chart) We need to check whether it can receive support around 35557000 and rise above 36337000. If it falls below 35092000, there is a possibility that it will renew the previous low. Therefore, we need to check if support is found around 32042000. (1D chart) -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
5
Increased likelihood of short-term surges occurringHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCKRW chart) To check the upward momentum we look at volume. However, in order to check the power of the market itself, you need to look at the size of the funds and how they are flowing. In that sense, I think the movements of USDT and USDC charts provide us with important information. The BTCKRW chart is slightly different from the BTCUSDT chart. On the BTCUSDT chart, the StochRSI indicator is about to enter the overbought zone, and on the BTCKRW chart, it is located near the 50 point. Therefore, if the selling pressure does not increase, it is expected to rise further. (BTCUSDT 1D chart) At this time, the important thing is whether the price is maintained around 27262.84 on the BTCUSDT chart. Binance exchange is a large exchange where many transactions take place. However, large selling or buying trends begin on small exchanges. -------------------------------------------------- - big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
The period of profit realization is not over yethello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1M chart) The MS-Signal indicator has yet to turn into a bullish sign. Therefore, the key is whether the price can be maintained by rising above the volume profile of 28465.36-28923.63. (1W chart) The question is whether it can maintain its value above the MS-Signal indicator and 150EMA. When the StochRSI indicator breaks out of the oversold zone, it is necessary to check at which point it is receiving support and resistance. (1D chart) It will be a question of whether the price can hold above 27262.84 and break above the important indicator crossing the 27262.84-28465.36 area. If it rises above 28465.36-28923.63, it can be considered to have succeeded in breaking through upward. The StochRSI indicator has entered the overbought zone. Therefore, when it breaks out of the overbought zone, it is expected that it will turn into an uptrend only when it shows support around 27262.84. The start of the volatility period I would expect is around September 1st. Therefore, it is expected that we will know whether or not the current uptrend can be maintained through the volatility period that will begin this time. ------------------------------------------- (USDC 1D chart) It is unknown whether the movement of the candlestick after a long time is due to the power of USDC, but it can be interpreted as evidence that funds inflow through USDC have generated many transactions. If USDC does not rise above 26.525B due to the gap increase, the impact of USDC on the coin market is not expected to be very large. However, USDC's upward trend can play a role in coupling with the stock market, so it can show the same movement as the index chart of the stock market. (USDT 1D chart) There is no gap uptrend yet and we are only making the candlestick larger. The size of the candlestick can be interpreted as evidence that a large number of transactions are being made with funds that have flowed into the current coin market. Therefore, it cannot be said that the period of profit realization is over yet. This is because when the profit taking period ends, the size of the candlestick is expected to be expressed as small as before. -------------------------------------------------- ------- Turning to an uptrend depends on how well the stock holds up against rising prices. Therefore, the key is whether the price can be maintained until the MS-Signal indicator converts to an upward trend in the 27262.84-28465.36 section and rises. ------------------------------------------ (BTCKRW chart) (1D chart) The question is whether it can rise above 38319000 while maintaining the price above the MS-Singal indicator. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
Whether it can rise above 26400.59 is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) Since it fell in an important area, there is a possibility that the downtrend will continue to the area where it can be supported. Accordingly, it is important to see if the price can sustain a rise above 26400.59. The next period of volatility starts around September 1st. So, until then, we need to see if we can keep the price around 26054.0-26189.99. It has now been 4 days since I touched the HA-Low indicator on the 1D chart. So, volatility is likely this week. (1D chart) Updating the latest prior low, I would expect a decline below 24800.0. If it doesn't show support after making a new low, I would expect a decline below 22963.0. -------------------------------------------------- -------- Below BTC 29K I think it's time to focus on BTC or ETH. Therefore, I think it is good to proceed with buying at a certain rate whenever it shows sideways. The sideways period must last at least 5 days. Coins purchased in this way 1st : 28465.36-28923.63 2nd: 31801.04 It is recommended to split and sell when resistance is confirmed near the 1st and 2nd above. Partial sales must be carried out in such a way that the number of coins corresponding to the profit is left by selling about the original amount of the purchase. Earning cash returns is important, but increasing the number of BTC or ETH holdings is likely to provide you with opportunities to become rich in the future. ------------------------------------------ (BTCKRW chart) It is necessary to check which direction it deviate from the 35092000-36337000 section. A break below 35092000 is expected to create a new HA-High indicator on the 1D chart. At that time, it is important to be supported near the HA-High indicator. A decline without support on the HA-High indicator is likely to renew the previous latest low. Accordingly, we need to make sure that there is support around 32042000. (1D chart) The 32042000 point is an important volume profile section, and when it falls to this area, there is a possibility that it will lead to further decline if there is no support accompanied by a large trading volume. At this time, you need to make sure that it is supported around 26003000-28390000. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
6
A short-term buying period is expected to formHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- ** The High and Low indicators were created using the Stochastic RSI indicator to mark support and resistance points. ** The StochRSI indicator has been removed to play only a key role in predicting waves using only secondary indicators. ** The settings of the CCI indicator have been changed to detect faster trend changes. ** The CCI indicator is also used to predict the trend along with the StochRSI indicator. ** Also, unlike the StochRSI indicator, the CCI indicator is used to mark support and resistance points. (BTCUSDT chart) We broke through the newly formed support and resistance points upward. And, the HA-Low indicator on the 1D chart is about to be created at the 26400.59 point. Accordingly, if the HA-Low indicator is created at 26400.59, the key is whether it can be supported around this area. 27262.84 corresponds to the +100 point on the CCI indicator. Therefore, a rise above this point is likely to lead to a sharp rise. If there is a surge, it will be important to be able to break above the 28465.36-28923.63 area. This is because the 28465.36-28923.63 section is the volume profile section of the 1M chart, so if it takes time to break through, it is likely to fail. In the 27262.84-28465.36 section, important indicators are still passing. Therefore, if you confirmed the support around 26400.59 and bought it, 1st: 27262.84 2nd : 28465.36-28923.63 The area around the 1st and 2nd above corresponds to the selling section. ------------------------------------------ (BTCKRW chart) by changes in indicators Resistance point: 36337000 support point: 35092000 It is necessary to check whether there is support or resistance at the above point. The HA-Low indicator on the 1D chart is expected to be created at point 3632000. Therefore, the key is whether it can rise above 36337000 and be supported. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Need to see if it can rise above 27162.14Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) It remains to be seen if the price can sustain its rise above 27162.14. If it fails to rise above 27162.14, I would expect a decline around 23393.32. ------------------------------------------ (BTCKRW chart) It is up to you whether you can climb to the 36408000-38143000 range or higher. If not, you need to check if it is supported near the HA-Low indicator on the 1D chart. An important indicator is passing in the 27162.14-28465.36 section. And, since support and resistance points are being formed at 29281.09, it must rise above 29281.09 to eventually turn into an uptrend. (1W chart) If the decline continues this time, the HA-High indicator on the 1W chart is expected to decline. If the HA-High indicator is created with a decline, it is important whether there is support around it. Currently, the HA-High indicator is located at 59370.07. (1D chart) Currently, the HA-Low indicator on the 1D chart is located at 21574.97. If it fails to rise above 27162.14 and falls, it is expected that a new HA-Low indicator will be created just like the HA-High indicator on the 1W chart. Accordingly, if you see support in the section formed by the HA-Low indicator on the 1D chart and the HA-High indicator on the 1W chart when the decline continues, I think that is the time to buy. -------------------------------------------------- ------------- A pullback that occurs without any particular issues is likely to form a pull back pattern to lead to a large uptrend. The USDT chart is the market cap chart you need to watch carefully because you think that the coin market is showing a phenomenon of outflow of funds. (USDT 1D chart) So far, there is an exclamation mark on the Market cap chart, so it seems that the collection of data generated by this volatility is not exactly over yet. So, I don't think it's good to predict the flow of funds prematurely. When the exclamation mark disappears from the market cap chart, I will talk about the market cap chart (USDT, USDC, BTC.D, USDT.D). The key points on the USDT chart are 82.959B and 81.839B. It is conceivable that a larger drop in funds will cause the coin market to enter a downturn. However, I think it will be a field of opportunity because only a small part of the funds flowing into the coin market are flowing. I don't think it's good to try to interpret the coin market in relation to the global economy or political issues. The reason is that the current coin market is still far from the real world. It is my opinion that there is no need to think in connection with external factors such as the global economy and politics until more coin ecosystems are created and activated and related to the actual industry. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
BTC 29K or less is the time to focus on BTC or ETHHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) A drop below 28465.36 indicates a significant downtrend. If you fail to ascend above 27162.14, you need to make sure you are supported around 23293.32. ------------------------------------------ Below BTC 29K, it is a section where BTC or ETH is intensively bought. Therefore, it is recommended to proceed with the 1st purchase of altcoins from a mid- to long-term perspective. Market cap charts appear to be in a slightly volatile state. Therefore, we will publish the analysis of the Market cap chart when things are normal. USDT is a stablecoin that shows great influence on the coin market. As this USDT begins to gap down, the coin market appears to be entering a profit taking period. So, for this state to end, USDT's downtrend must stop. ------------------------------------------ (BTCKRW chart) It is showing a decline below the resistance zone of the 1M chart or the support zone of the 1M chart. Accordingly, the key is whether it can rise with support around 36408000. If not, you need to check if there is support around the HA-Low indicator on the 1D chart. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
Next period of volatility: Around August 19thHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (The StochRSI indicator shown in the chart is an indicator expressed as the median value of the existing K and D.) The StochRSI indicator on the 1M chart is showing a bearish sign, but is still in the overbought zone. Therefore, it should still be interpreted as strong uptrend. The StochRSI indicator on the 1W chart has entered the oversold zone. Therefore, it should be interpreted as strong downtrend. Therefore, if the StochRSI indicator on the 1M chart stays in the overbought zone while the StochRSI indicator on the 1W chart breaks out of the oversold zone, a strong uptrend is likely. For that reason, the section 28465.36-29281.09 is an important section. Since the StochRSI indicator on the 1D chart has fallen below 30, we expect it to enter the oversold zone soon. Accordingly, you need to check if it is supported around 29281.09 or in the interval 28465.36-28923.63. The next volatility period is around August 19 (Aug 18-20). So, you should look for a move out of the 28465.36-30495.92 area through this period of volatility. If it does not break out, it is expected to move sideways until the next period of volatility. ------------------------------------------ (BTCKRW chart) Unlike the BTCUSDT chart, signs of a rebound are beginning to show. Accordingly, it is necessary to check whether it rises above 40674000 after the next volatility period around August 25-30. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
The coin market appears to be in a period of profit takinghello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) The key is whether you can get support around 29281.09. If it falls below 29281.09, 1st : 28465.36-28923.63 2nd : 27162.14 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. If the price continues to fall, the HA-Low indicator on the 1D chart will rise and be created. If so, whether or not you are supported at that point is an important factor. The next period of volatility is around August 19th. -------------------------------------------------- ------------ It is necessary to check whether USDT continues to gap down. USDT is a fund that can exert a great influence on the coin market. Therefore, it can be seen that USDT's gap decline corresponds to the time of profit realization. There is nothing special about the profit realization period, but there may be more altcoins showing a bigger uptrend than expected. At this time, if you make a loss, you may not have enough funds to buy at the time of buying after the time of profit, so you must observe the stop loss point when trading. If you are not confident in meeting your stop loss point, we recommend that you do not trade at all. ------------------------------------------------ Free users of TradingView can display up to 2 indicators. Accordingly, the trading volume indicator was replaced with the color of the candle body, and two auxiliary indicators, Strength and CCI, were displayed. The trading volume display method is written at the end of the article. ------------------------------------------- It is a signal created by setting the CCI indicator on the exchange chart and displaying an arrow when the CCI crosses the CCI EMA. In order to properly check this indicator, the setting value of the CCI indicator must be set to 150, EMA, 150. Unfortunately, you cannot use 150 as the setting value of EMA as the default indicator of TradingView, so you must create and use it separately. If you refer to the CCI indicator along with the StochRSI indicator, you will be able to see whether it is supported or resisted at more support and resistance points. ------------------------------------------ (BTCKRW chart) The next volatility period is around August 25-30. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** The trading volume indicator is displayed as a candle body based on 10EMA. Display method (in order of boldest) More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Confirm support at 29281.09 to continue short term uptrendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- ** The formula of the RSI indicator that composes the chart indicator has been changed. ** Therefore, support and resistance points are marked differently from previous charts. ** It is recommended that those who use this chart start by sharing the ideas published today. (Reason for change: Changed the formula to be compatible with the index value of the exchange chart.) (BTCUSDT chart) (1M chart) The key is whether you can rise with support around 28465.36-28923.63. (1W chart) We need to see if we can get support around 29281.09, the newly forming support and resistance point, and rise above the downtrend line (1). If not, you should touch the uptrend line and see if you can continue the uptrend. It needs to rise above 33092.98 to create a new trend. (1D chart) The key is whether it can rise above the resistance zone of 30077.41-30495.92. To do so, we need to see if we can get support and rise around 29281.09. If there is support around 29281.09, I would expect the short-term uptrend to continue. If it doesn't and it goes down, you need to make sure it gets support around the support zone 28465.36-28923.63. Therefore, a break from the 28465.36-30495.92 box is expected to form a new trend. ------------------------------------------- It is a signal created by setting the CCI indicator on the exchange chart and displaying an arrow when the CCI crosses the CCI EMA. In order to properly check this indicator, the setting value of the CCI indicator must be set to 150, EMA, 150. Unfortunately, you cannot use 150 as the setting value of EMA as the default indicator of TradingView, so you must create and use it separately. If you refer to the CCI indicator along with the StochRSI indicator, you will be able to see whether it is supported or resisted at more support and resistance points. ------------------------------------------ (BTCKRW chart) Looking at the big picture, The key is whether it can rise above 40674000-43761000. To do so, it is necessary to confirm that it can be supported and ascended around 36408000-38143000. When viewed on a 1D chart, If it finds support around 38776000, it is expected to maintain its short-term uptrend. (Purchase period) However, it is important whether it can rise above 40674000. (when to sell) The next volatility period is around August 25-30. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
See if it can rise above the HA-High indicator on the 1D charthello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) If it shows support around 28465.63-29281.09, it's time to buy. Therefore, if you bought at this time, the first selling range is 29762.38-30495.92. However, since the 1D chart rose above the HA-Low indicator and MS-Signal indicator on the 1D chart, the possibility of a short-term uptrend has increased. Therefore, the question is whether the price can be maintained above the MS-Signal indicator. As explained in the Market Cap chart, USDT appears to be gapping down. Market Cap charts often take a day or two to see tangible results after a change in the chart. Therefore, I think it will be known exactly after August 10th whether the current gap decline is a true gap decline. However, since the volatility of USDT was expected, we need to see how much money will flow out with this volatility and what changes will occur in the coin market. Since BTC dominance is expected to continue to rise, we believe that even if BTC price continues its upward trend, altcoins will not rise in line with BTC's upward trend and are likely to gradually move sideways or decline. Therefore, when BTC is located in the 29K-32K range, it is time to proceed with the secondary purchase of the altcoins you own or find new altcoins to trade. ------------------------------------------ (BTCKRW chart) The volatility period is around August 9-11 (up to August 8-12). Thus, it appears that a period of volatility has begun. It is a buying season when it shows support in the 37821000-38417000 section. At this time, if you proceeded with the purchase, the first selling section is the 39049000-40581000 section. So, if there is no support around 39049000, you should do well. As we pass through this period of volatility, we need to see if there is any movement out of the 37821000-40581000 range. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
6
The uptrend begins when the MS-Signal indicator rises aboveHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) Volatility Week has begun. Therefore, it is necessary to check whether there is a movement out of the 26574.53-32259.90 range in the movement until next week. (1D chart) The 28465.36-29330.82 section is an important support and resistance section. Therefore, if it shows support in this area, it is a buying time. However, since the volatility week has begun, I think it is better to focus on situation awareness rather than actual trading. If you bought in the 28465.36-29330.82 section, the first selling section is 29762.38-30495.92. Important indicators are crossing the 27496.02-28465.36 zone. Therefore, if it falls below 28465.36, the question is whether it can find support around 26574.53-27496.02. In order to actually rise, it must rise above the HA-Low indicator and MS-Signal indicator. Therefore, no matter how much the 28465.36-29330.82 section falls under the buying season, if it does not rise above the MS-Signal indicator, it will eventually show a downward trend. So, don't be impatient and wait for the MS-Signal indicator to drop or rise above the MS-Signal indicator to show support. ------------------------------------------ (BTCKRW chart) It looks different from the BTCUSDT chart. Therefore, the possibility of large volatility in the coin market is increasing. We need to see what it will look like as it passes through the next period of volatility, around August 9-11. The key is whether movement outside the 37821000-40674000 section can come out. -------------------------------------------------- - big picture A full-fledged uptrend is expected to begin when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
28465.36-29330.82 is the 1st buying sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1M chart) The StochRSI indicator has turned into a bearish sign and is showing a decline. However, since it is still in the overbought zone, it is difficult to say that it will definitely decline. Therefore, it is important whether it is supported or resisted around 28465.36-28923.63. (1W chart) A +100 ground point was created at point 29281.09. Therefore, the boundary point of the high point section on the CCI surface was formed based on the point 29281.09. Because of this, the price needs to stay above 29281.09 to continue the uptrend. Since the HA-High indicator on the 1W chart was formed at the 29003.87 point, the question is whether it can eventually receive support and rise around 29003.87-29281.09. A period of volatility on the 1W chart is expected to occur from the second week of August. (1D chart) The key is whether it can be supported near the important volume profile of 28465.36-28923.63 and rise above the MS-Signal indicator. However, since the HA-High indicator of the 1D chart is formed at the 30495.92 point, it is expected that the upward trend will continue only when it rises above 30498.92. Therefore, if support is confirmed in the 28465.36-29330.82 section, it is a buying time. The first selling section is the 297.62.38-30495.92 section. The stop loss is when it drops below 28465.36 and shows resistance. However, since it is highly likely to rise after being supported around 26574.53-27496.02, you need to think about countermeasures. Therefore, when viewed as a whole, 1st : 28465.36-29330.82 2nd : 26574.53-27496.02 The above 1st and 2nd sections correspond to the buying period. ------------------------------------------ (BTCKRW chart) The key is whether you can climb with support in the 37821000-38417000 section. To turn into a short-term uptrend, the price needs to stay above the HA-Low indicator and the MS-Signal indicator on the 1D chart. Since the HA-Low indicator on the 1D chart was created at the 37985000 point, if the price stays above 38417000, it is expected to turn into a short-term uptrend. If it breaks below 37821000, you should check for support around 35539000-36802000. The next volatility period is around August 9-11. -------------------------------------------------- - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
5
29003.87 The key is whether you can get support aroundHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) The key is whether it can rise with support around 29003.87, the HA-High indicator point on the 1W chart. If not, you should check if it has support around 26574.53-27590.60. The next period of volatility is around the week of August 7th. Therefore, it is included in the two-week volatility period starting from this week. (1D chart) The HA-Low indicator on the 1D chart was created at the 29408.74 point. So, the question is whether it can rise above 29408.74. If it fails to rise above 29408.74, it is likely to break the previous low. At this time, it is important whether it is supported in the 28465.36-28923.63 section. In the 27496.02-28465.36 section, the M-Signal indicator on the 1W, 1M chart and the 150 EMA are passing. Therefore, if the price is maintained above 27496.02, it is expected to maintain an uptrend in the medium to long term. -------------------------------------------------- - In this chart, the important indicator from a trend perspective is the MS-Signal indicator. If the price is above the MS-Signal indicator, it maintains an uptrend. If not, it maintains a downtrend. So, since it is currently below the MS-Signal indicator, we can see that the trend has turned to the downside. From a trading perspective, support on the HA-Low indicator would be a buy time. Since the current HA-Low indicator has been created at 29408.74, you can buy if you see support around 29408.74. If this is the case, the primary selling point is around the HA-High indicator on the 1D chart. Therefore, according to the current chart shape, the first selling section corresponds to the 29762.38-30495.92 section. It is difficult to actually buy because the buying and selling sections are close. Therefore, the point where you can buy is when the HA-High indicator on the 1D chart shows support, that is, when it is supported and rises in the 29762.38-30495.92 section. You have to think about how to combine the trend view and the trading view to create a trading strategy. To do so, it is always necessary to practice thinking in combination with only the core interpretation method. All you need for this is support and resistance points or zones. The display of support and resistance points or sections can be displayed in the order of 1M, 1W, and 1D charts. If you do not mark such support and resistance points in advance, you need to be careful because there is a high possibility that you will see the chart due to psychological factors caused by price volatility. ------------------------------------------ (BTCKRW chart) The key is whether it can be supported around 37821000-38417000, the HA-High indicator section of the 1W chart, and rise above 38738000. If not, you should check if it has support around 35539000-36802000. The next volatility period is around August 9-11. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
28465.36-29003.87 Corresponds to buying time when supportedHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DXY chart) After the volatility period around the 1st of August, it will be a question of whether it can find resistance around 102.034 and decline. (USDT chart) (USDC chart) ------------------------------------------ (BTCUSDT chart) (1M chart) In the big picture, a new trend is expected to start when it breaks out of the 15476.0-48189.84 zone. The transaction is in progress by buying in section 1, that is, around 21023.14. Section 2, that is, the HA-High indicator of the 1M chart. If the current position rises around the 43823.59 point, it is time to sell. To do so, it must rise above the important sections of 28465.36-28923.63 and 37253.81-35045.0. (1W chart) On the 1W chart, the StochRSI indicator is showing a decline in the overbought zone. Accordingly, the key is whether it can be supported around 29003.87, the HA-High indicator point on the 1W chart. If there is no support and it is going down, you need to make sure it finds support around 150EMA. (1D chart) The next period of volatility in the current trend is around August 21st. Therefore, it is expected that a new trend will be formed only when it breaks out of the 28465.36-32259.90 area from the current trend. The 27496.02-29003.87 section corresponds to the HA-High indicator section of the 1W chart. Important indicators are passing through this interval, namely the M-Signal indicator on the 1W and 1M charts and the 150EMA. Therefore, in the short term, the 27496.02-30495.92 section is likely to be sideways. However, since the 28465.36-28923.63 section corresponds to the volume profile of the 1M chart, if it falls below this section, it is expected that the coin market will start to hear a full-fledged downtrend. It remains to be seen if this panic outbreak can help shape a new trend. If you are not currently buying, I recommend waiting for the HA-Low indicator on the 1D chart to rise and produce. When the HA-Low indicator on the 1D chart is created, it is the time to buy if it shows support around it. If support is found around 29003.87, then this is also a buying time. It is necessary to observe the movement for at least 1-3 days to determine whether it is supported or resisted at any point or section. Therefore, it can be seen that it is supported because it touched around 29003.87 on July 24th and maintains the price above the 29003.87 point for more than 3 days. However, since the Heikin Ashi indicator is still showing a bearish sign, we should act as if support is being confirmed. When you buy, you can buy all of them at once, or you can buy them in multiple installments. It doesn't matter which way you proceed with the purchase, but if you feel uneasy after buying, it is better to think that the buying method is wrong and change the buying method. ------------------------------------------ (BTCKRW chart) The key is whether it can be supported around 37821000-38417000, the HA-High indicator section of the 1W chart, and rise above 38738000. If not, you should check if it has support around 35539000-36802000. The next volatility period is around August 9-11. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1