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Bitcoin (BTC) - August 23hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) Whether or not it can move higher than 21481.1 is the key. If not, there is a possibility that it will fall to around 19930.6. - The Stoch RSI indicator is showing an upward trend. - However, when the RSI indicator deviates from the oversold zone, it is necessary to check whether it is supported above 21481.1. (1h chart) If the CCI line remains above the EMA line, the BTC price is expected to rise. At this time, the key is whether it can rise above the 21481.1-21826.1 section. It is expected to cross the 5EMA line on the 1D chart in the near future. Then, there is a chance that volatility will start again. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
2
ETHUSDT ! A strong sale. Bears continue to dominate🐻ETHUSDT continues to trade in a bearish trend and as we can see on the chart, bearish forces are strong at the moment. Within the ascending price channel an upward correction was formed, which reached the 2020 limit level. On the 18th of August the price channel was broken and we see a strong downward impulse, which reaches the important level of 1597.5. The false-break does not give any reaction and the price goes back under the level, to the short zone. I assume that the fall can continue after the price will be able to consolidate under the level of 1597.5. Short-term target is the support of 1355.6. Regards to R.Linda!
Short
by RLinda
19
Bitcoin (BTC) - August 22Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (US 100 CFD (Nasdaq) 1D Futures Chart) The key is whether you can support and rise in the 12932.3-13743.5 section. (ETH.D 1W chart) For ETH to maintain its uptrend, Dominus needs to be supported and rise in the 18.54-20.13 section. If not, you need to be careful as the ETH price could plummet. --------------------------------------------- (BTCUSDT 1W Chart) Consolidating in the uptrend channel between #2 and #4, we need to see if the price is holding above the 3rd point in the week of September 5th. If that happens, it is expected to lead to an attempt to break through the MS-Signal indicator. Below 2, if it falls below 60 SMA, there is a possibility of touching the 1st segment. (1D chart) The key is to keep the price above 214750.02 for the period around August 21st - around September 9th. Holding the price above 214750.02 is expected to lead to an attempt to break through the 23312.42-23810.98 zone. If the breakout is successful, it is expected to move higher than 25700.0. If you fail to get support above 21475.02, you can touch the 19946.21-20573.89 section, so be careful. - You should see if the RSI, Stoch RSI, CCI(9) indicators are starting to break out of the oversold zone. When you break out of the oversold zone, you should check to see if support is found above 21475.02. If it fails to move above 22579.68-2275.10, you need to be prepared for it as it could lead to further declines as a bearish rebound. --------------------------------------- To see support and resistance, you need at least 1-3 days to check the flow. So, it will take some time to see how it is supported by 21475.02. Therefore, it is currently the first attempt to rise above 21475.0, so an aggressive buy is possible, but there is a possibility that it may fall below 21475.0, so there must be a countermeasure. If the 214750.0-21838.98 section is supported and rises, it is expected to rise to the 22579.68-22753.10 section, but it is not known whether it will rise immediately or touch the 214750.0-21838.98 section again and rise again. So, "Can you support and rise in the 214750.0-21838.98 section?" Asking this is just a subjective opinion. Even if an analyst is good at matching ups and downs, it's of no use if he can't craft his own trading strategy to follow. Therefore, you need to practice making your own trading strategies and develop the determination and patience to execute those trading strategies. Aggressive buying is already buying enough that you won't be hurt by a sharp drop. Stop Loss is a must for this aggressive buy. ------------------------------------------------------------ ------------------------------------------- ** 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 index was re-created by applying a formula to the DepthHouse Trading index, an index 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Bitcoin (BTC) - August 21Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) As it fell below 23257.6, the MS-Signal indicator turned into a bearish indicator. For the MS-Signal indicator to turn into an uptrend, it must rise above the 22540.6-22751.0 section. The key is whether we can move higher than 21481.1, which is starting to show this uptrend. - The RSI, Stoch RSI, and short-term CCI indicators are all in the oversold zone. Therefore, it is necessary to check if support is found above 21481.1 when it breaks out of the oversold zone. If not, you should check to see if it is supported near the 19930.6 point. ------------------------------------------------------------ ------- In order to trade, you must have a trading strategy that suits your investment style. You must create this trading strategy yourself. This is because, if you trade with someone else's trading strategy, there is a high possibility that you will close the trade without being able to endure psychological anxiety due to price volatility. What is important when creating a trading strategy 1. You need to set the investment period. The trading method differs depending on the investment period, so it is important to think about it before you start buying. If you cannot set an investment period, you need to set a stop loss point that closes the trade when it falls below a certain point. And, you must observe the stop loss point. In this way, you need to prepare an alternative to the loss first and start trading in order to get a steady profit. To set a stop loss point or a period according to the wave, you should at least be able to see the support and resistance lows on the chart. There are various indicators necessary to confirm these support and resistance points, so if you find it difficult to set your own points, it is recommended to use the indicators. (For reference, if you enable the non-use setting of the MRHAB-T indicator used in this chart, indicators that can confirm support and resistance points are displayed.) 2. You need to determine the size of the investment funds. Once you have decided on the investment period, you need to determine the size of the investment funds. Therefore, it is important to decide how much of your total investment funds will be invested. Because it is not an investment in one coin (token), the operation of funds is important. In addition, it is important to know how much cash you will have in addition to the funds to carry out the transaction. If you start a trade and keep buying more if the price goes down, or if you use all your money to buy from the beginning, you can easily close the trade because the price fluctuations amplify your psychological anxiety. Therefore, it is recommended that all trades proceed as split trades. Therefore, if the price rises after buying, it is necessary to fix the profit by selling in installments at a suitable point. In order to know where to sell, you can either find the support and resistance points mentioned above, or sell in installments based on the yield (10%, 20%, 30%, ...). 3. You need to decide how to trade. Once the above-mentioned 1. investment period and 2. investment fund size have been determined, it is necessary to decide how to proceed with the transaction. therefore, - How to make money; - You need to create a split transaction method, etc. - How to make money This method has to decide whether to earn cash income or increase the number of holding coins (tokens). It's usually good to get a cash return, but you need to think carefully when you're in the same price range you're in right now, i.e., the lows and the bottoms. If you sell (100%) in order to unconditionally make a profit in cash, you are more likely to lose money because you will chase the price when it rises higher and buy it. Therefore, 1. Depending on the investment period, I think it is good to increase the number of coins (tokens) held when it is not a short-term transaction. If you can wait for the price to drop after selling 100%, it is good to make a profit in cash, but it is something to think about as most people will have a lot of trouble buying again. Therefore, the recommended way to increase the number of coins (tokens) I have is to sell at the price including the purchase principal + transaction fee (x2 to x20) when the price rises for each unit price purchased in installments, resulting in a small amount of cash profit and coins (tokens) How to increase the number. - Split trading method You need to decide at which point to buy in installments or sell in installments. To do this, you need to know the points of support and resistance. You should buy or sell in installments depending on whether you find support or resistance at the support and resistance points. At this time, what is important is the number of split transactions. You need to think about this part because you have to decide how many times you want to trade in installments. This is because if you continue to buy more whenever the price goes down, you run out of cash, which can lead to huge losses. To do this, it is recommended to purchase additional funds and sell the additionally purchased funds to secure cash when the price rises above the average purchase unit price. Also, you can use the method of increasing the number of coins (tokens) you have, as mentioned in 3. How to generate revenue in the transaction method. The reason you trade on the coin market is to make money. However, the irony is that if you trade for a bigger profit, it is more likely to lead to a big loss. If you want to make a big profit, you need to find a way to reduce your losses and then start trading. Since individual investors have limited funds, they have to be very careful about managing their funds. If your funds don't keep moving, you're losing money somewhere. - Loss due to retention period; - Loss of missing new opportunities due to stagnant funds; - etc ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
4
Bitcoin (BTC) - August 20Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTC.D 1W Chart) We are approaching the critical section 39.56-40.44. Therefore, you should be aware of large volatility. (USDT.D 1D Chart) The key is whether we can find resistance near 6.80 and move down. --------------------------------------------- (BTCUSDT 1W Chart) Consolidating in the uptrend channel between #2 and #4, we need to see if the price is holding above the 3rd point in the week of September 5th. If that happens, it is expected to lead to an attempt to break through the MS-Signal indicator. Below 2, if it falls below 60 SMA, there is a possibility of touching the 1st segment. (1D chart) The key is whether we can move towards the 21475.02-21838.98 zone, the last support zone to sustain the uptrend. For that, the movement between around August 21st and September 5th is important. If you do not quickly ascend to the 21475.02-21838.98 section, you should be cautious as it may fall to the vicinity of 19946.21. If it rises to the 21475.02-21838.98 section and is supported, the key is whether it can rise above the 23312.42-23810.98 section. As I said before, the 21475.02 point is the midpoint of the 15916.68-27033.35 section. Therefore, in order to obtain the upward force, it must be supported in the section 13137.51-15916.68. Otherwise, if it rises near 21475.02, it is judged that a long sidewalk section is necessary because the power is weak. - The RSI indicator, the short-term Stoch RSI indicator, and the short-term CCI indicator are all in the oversold zone. So, the key is whether it is moving above 21475.02, breaking out of the oversold zone. I think it's better to wait and see until we get out of the oversold zone. - Among spot trading, we are facing new opportunities from a mid- to long-term investment perspective. You must have cash to take this opportunity. - During spot trading, it can be a crisis from a short-term investment perspective. It is also necessary to have cash to get out of this crisis. - Those who have entered the 'SHORT' position during margin and futures trading are facing a good opportunity. Those entering the 'LONG' position or planning to enter the 'LONG' position should proceed with short trades. In order to set the 'LONG' position as the main position, it is confirmed that it is supported in the section 21475.02-23838.98. - Cash is required to keep all transactions. Therefore, it is always important to manage your funds so that you do not run out of cash. - You trade in the investment market, that is, the coin market in order to get a big profit. However, ironically, if you trade to make a big profit, you often end up at a loss. This is because you trade only with the intention of earning big profits. In order to get a big profit, you must create a countermeasure to reduce the loss and start trading. Then, naturally, you can earn big profits. - A full-fledged uptrend is expected to begin when it rises above 29812.52. So, until then - From a mid- to long-term point of view, transactions that increase the number of coins (tokens) held are necessary. - From a short-term perspective, it is better to make profits by shortening the trading period. - Most of the coins (tokens) are in the low-low range. Since this trough section is close to the section corresponding to the bottom section, Stop Loss selling 100% is likely to incur a larger loss. Considering this, it is necessary to make an effort to lower the average purchase price through trading. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
2
Bitcoin (BTC) - August 19Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) If the price is maintained at or above the 23257.6-23804.3 range, it is expected to rise above 25459.8. Therefore, the main position is 'LONG'. However, if it falls in the 23257.6-23804.3 section, it may turn into a downtrend, so you need to be careful. The current uptrend has three support zones. 23257.6-23804.3, 22570.6-22751.0, 21481.1-21826.1 Therefore, I think it is advantageous to trade the 'SHORT' position with a short cut. - The Stoch RSI indicator is entering the oversold zone. So, when you break out of the oversold zone, you need to check to see if you're finding support at the 23257.6-23804.3 zone. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. Important sections and points 21481.1-21826.1, 22570.6-22751.0, 23257.6-23804.3, 25459.8 Thus, you can switch positions depending on whether you find support or resistance at this critical point. In order to ascend, there must be a wiggle up and down in the section 23257.6-23804.3. You need to check the flow of 1-3 days to confirm that you are getting support and resistance. So, making sure you get support and resistance takes patience. ------------------------------------------------------------ ----------------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
3
Bitcoin (BTC) - August 18hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1D Chart) Primary resistance: around 25K Secondary resistance: 27K-29K 1st support: 23312.42-23810.98 2nd support: 22579.68-22753.10 If support is found in the 23312.42-23810.98 section, an attempt to rise above 25700.0 is expected to continue. If it falls below the 22579.68-22753.10 section, it may turn into a downtrend, so you should think about countermeasures. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. The important points are: 21475.02-21838.98, 22579.68-22753.10, 23312.42-23810.98, 24305.25, 25700.0 The 23312.42-23810.98 section is the 3rd support section to maintain an uptrend, so if it is supported, it is expected to have the strength to rise above 25700.0. However, you need to be careful as you can temporarily touch around 22753.10. At this point, if it fails to move above 23312.42 quickly, it could lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
3
Bitcoin (BTC) - August 17Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) The highs are being updated. Therefore, if the price is maintained at or above the 23257.6-23804.3 range, it is expected to rise above 25459.8. If it declines in the 23257.6-23804.3 section, there is a possibility that it will turn into a downtrend. However, if it is supported in the 23257.6-23804.3 section, it is expected to rise above 25459.8. Therefore, the main position is 'LONG'. Therefore, if you enter the 'SHORT' position, I think it is advantageous to trade short. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. the important point is 21826.1, 22570.6, 23257.6, 23804.3, 25459.8 Thus, you can switch positions depending on whether you find support or resistance at this critical point. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
1
BTC.D+Stablecoin DominanceI think the days of just looking at BTC dominance are nearing its' end now that we have more stable (generally) crypto options to "cash out" to. Before USDT/USDC, bitcoin was the safest to cash out to. I calculated dominance of top 50 overall market cap stablecoins BUSD, USDC, USDT and DAI and then added BTC.D. This way we can paint a picture of overall market risk on vs off, removing the impact trading between BTC and stablecoins has on BTC.D alone. Equation plugged into TradingView: BTC.D+(GLASSNODE:BUSD_MARKETCAP+GLASSNODE:USDT_MARKETCAP+GLASSNODE:USDC_MARKETCAP+CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100 Any comments, questions/concerns are more than welcome!
CRYPTOCAP:BTC.D
by thechartfather
2
Bitcoin (BTC) - August 16Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) The key is whether it can rise to the diagonal Fibonacci section. - When the Stoch RSI indicator and the short-term CCI indicator are out of the overbought zone, it is necessary to check where support and resistance are found. The interval 27033.35-29812.52 is the interval that determines the trend. Therefore, if it rises to this section and falls without support, it is likely to show a downtrend. (1D chart) It is rising with higher highs and lower lows. However, you need to be careful as the fluctuations are decreasing during the uptrend, which may cause large volatility that is different from before. So, if it goes up with volatility, I would expect it to rise above 25700. A prerequisite for this rise is to hold the price at or above the 23312.42-23810.98 range. 1st resistance: around 25K 2nd resistance: 27K-29K 1st support: 23312.42-23810.98 2nd support: 22579.68-22753.10 If it falls below the 22579.68-22753.10 section, it may turn into a downtrend, so you should think about countermeasures. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
3
Bitcoin (BTC) - August 15hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) The highs are being updated. Therefore, if the price is maintained at or above the 23257.6-23804.3 range, it is expected to rise above 25459.8. If the price holds above the 22570.6-22751.0 interval or moves along an uptrend line, it is expected to maintain an uptrend. Therefore, the main position is 'LONG'. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. the important point 21826.1, 22570.6, 23257.6, 23804.3, 25459.8 Thus, you can switch positions depending on whether you find support or resistance at this critical point. However, since I mentioned that the main position is 'LONG' in the 1D chart description, it is recommended to trade short when selecting the 'SHORT' position. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
3
Bitcoin (BTC) - August 14Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1D Chart) Primary resistance: around 25K Secondary resistance: 27K-29K 1st support: 23312.42-23810.98 2nd support: 22579.68-22753.10 If the price is maintained above the 22579.68-22753.10 range, it is expected to maintain an uptrend. If support is found at or above the 23312.42-23810.98 zone, I would expect a break above 25K. If it falls below the 22579.68-22753.10 section, it may turn into a downtrend, so you should think about countermeasures. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - August 13hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) If the price holds above the 22570.6-22751.0 interval or moves along an uptrend line, it is expected to maintain an uptrend. Therefore, the main position is 'LONG'. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. the important point 21826.1, 22570.6, 23257.6, 23804.3, 25459.8 Thus, you can switch positions depending on whether you find support or resistance at this critical point. However, since I mentioned that the main position is 'LONG' in the 1D chart description, it is recommended to trade short when selecting the 'SHORT' position. ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Bitcoin (BTC) - August 12Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1D Chart) Primary resistance: around 25K Secondary resistance: 27K-29K 1st support: 22579.68-22753.10 2nd support: 21475.02-21838.98 If the price is maintained above the 22579.68-22753.10 range, it is expected to maintain an uptrend. - The RSI indicator entered the overbought zone, but the Stoch RSI did not enter the overbought zone. Accordingly, it is necessary to check at which point the RSI finds support and resistance when it moves out of the overbought zone. If support is found at or above the 23312.42-23810.98 zone, I would expect a break above 25K. If it falls below the 22579.68-22753.10 range, it may turn into a downtrend, so you should think about countermeasures. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. The sections marked with ovals and the sections marked with square boxes are support and resistance sections. Therefore, a rebound or reversal is likely to occur during this period. the important point 21838.98, 22579.68, 23312.42, It is 23810.98. The main position is 'LONG' as it is maintaining an upward trend on the 1D chart. When deciding on a position, it is important what criteria you use to decide. These standards should include countermeasures against forced liquidation. Therefore, holding cash is important even in perpetual futures trading. If you have used all your funds without holding cash, it is important to secure cash by selling quickly in installments. I mentioned that in spot trading, a trading strategy that can reduce losses is more important than trading for profit. The same is true for perpetual futures trading. However, the only difference is that leverage and forced liquidation exist, so a more aggressive strategy is required. Therefore, a quick decision is required to close a position, convert, or stop loss. A way to complement this decision is leverage ratio adjustment and investment size. If you continue to face the threat of forced liquidation after entering a position, we recommend adjusting your leverage ratio and adjusting your investment size. ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Bitcoin (BTC) - August 11Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1h Chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. The box section is the support and resistance section. You should hold the price above 23804.3 and see if it can move higher than 24099.8. - In the CCI-C indicator, if the CCI line is maintained above the EMA line, it is likely to rise. If it declines from 23804.3, 1st support: 23257.6 2nd support: 22570.6 The main position is 'LONG' as it is maintaining an upward trend on the 1D chart. To convert into a downtrend on the 1D chart, it should break below 22570.6 and the MS-Signal indicator should turn into a bearish indicator. ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Bitcoin (BTC) - August 10Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. The interval 22579.68-23312.42 is an important volume profile interval. Therefore, it is expected that the trend will continue in the direction out of this section. However, as a short-term uptrend is currently formed, the key is whether it can rise above the 23312.42-23414.04 section. If it does not rise above the 23312.42-23414.04 section and falls, there is a possibility to touch the 22579.68-22753.10 section. ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Dominance of stable coins in an important regionJust remembering that the dominance of stable coins is inversely correlated to the price of other cryptocurrencies. When dominance rises, the price of Bitcoin, Ethereum and other cryptos commonly fall. We are on an ABC correction within the bearish leg of wave 5. The yellow circles demonstrate an important pullback region, where we are right now. The chart is dangerously inside a bullish descending wedge. I believe the value will break out of the red bearish channel going up, and retest the rectangular region (0.214 retracement). In my opinion, this will be the moment of truth. If stable coins do not break this retraction, we will have new lows. On the other hand, if they break out of this region going higher, we will have a longer leg up. In a short-term optimistic scenario, the value could break out of this red channel going lower, and retest the last low, what would be bullish for non-stable cryptocurrencies. Below is a parallel scenario of the Bitcoin chart. Vertical green lines demonstrate pullback points. In Bitcoin's bullish channel, it remains to be seen whether the price will stay above the middle of this channel, or if it will go all the way to the bottom.
CRYPTOCAP:USDT.D
by andre_007
Bitcoin (BTC) - August 9Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1h Chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. The four box sections are support and resistance sections. You need to make sure you can get support and climb on the 23772.9-23896.9 section. - In the CCI-C indicator, if the CCI line is maintained above the EMA line, it is likely to rise. - When the Stoch RSI indicator moves out of the oversold zone, you need to check where support and resistance are found. However, mixed volatility is expected as soon after the RSI indicator has moved out of the overbought zone. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
1
Bitcoin (BTC) - August 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W Chart) It is important to be able to ascend to the section 27033.35-29812.52. To do that, we need to see if we can sustain the price above 22579.68. It is also necessary to check whether it can rise above the diagonal Fibonacci line. - The Stoch RSI indicator is entering the overbought zone. When you break out of the overbought zone, you need to see if you can hold the price above 21475.02. - It is also necessary to check whether the CCI line can rise above the zero point in the CCI-C indicator. - In order to show a full-fledged upward trend, it must rise above the HA-High indicator. To do that, you need to shake it up and down to make the HA-High indicator fall. In addition, a full-fledged uptrend is expected to begin when it rises above 29812.52. Therefore, it is important to increase the number of coins (tokens) you are investing in by trading in the short term until then. (From a mid- to long-term perspective) (1D chart) If the price holds above 22753.10, it is expected to maintain an uptrend. Primary resistance: around 25K Secondary resistance: 27K-29K The sections 21475.02-21838.98 and 22579.68-22753.10 are important support and resistance sections of the uptrend. therefore, 1st support: 22579.68-22753.10 2nd support: 21475.02-21838.98 - It is necessary to check whether the CCI line can continue its upward trend above the -100 point. You should also check if the EMA line rises above the -100 point. - If the MS-Signal indicator maintains an uptrend, it is expected to lead to further upside. (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. If the CCI line stays above the EMA line, I expect it to hold its uptrend. ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Bitcoin (BTC) - August 7Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDTPERP 1D Chart) The 22751.0 area is an important section that needs support to continue the uptrend. If a decline from 22751.0 finds resistance, it is expected to lead to further declines. If it finds support and moves up near 22751.0, I would expect it to move towards 25459.8. On the 1D chart, the trend is maintaining an upward trend. I added a trend line, but you can tell it's on an uptrend just by looking at it. You cannot trade on trend lines alone. The reason is that it's a diagonal line, so it's hard to find support and resistance points. The trend line is where support and resistance are difficult to spot. However, by drawing a trend line, it is only clearly distinguished whether the current trend is in an uptrend or a downtrend. The reason why I don't draw trend lines is that MS-Signal indicators are replacing the trend lines in our chart. To trade, there must be support and resistance lines, i.e. horizontal lines. The support and resistance lines are the line drawing you start to learn after the MA line when you start studying charts. However, if you are unfamiliar with charts, drawing support and resistance lines is not difficult, and you do not trade with those lines just because you have drawn them. The reason is that he is such a support and resistance line, but he does not believe in it. The reason I do not believe is that when I draw the line, I look at the arrangement of candles and draw with a subjective opinion rather than drawing on an objective basis. Anything drawn as a subjective thought needs to be objectified because it is not easy to use once you start trading. To be objective, it is recommended to give confidence in the support and resistance levels by using indicators that have been used in the investment market for decades. From that standpoint, we are using indicators in charts. The only indicators drawn for subjective judgment in this chart are the Fibonacci Retracement Tool and the trend line. The Fibonacci Retracement tool can be drawn by specifying two or three selection points. It makes a huge difference where you place this selection point, so be careful when using it. The trend line is drawn by specifying two random selection points. This is also only for identifying the trend as it is drawn based on subjective judgment. By drawing a box on the 22570.6-23257.6 section and the 21481.1-21826.1 section, you can see that the support and resistance sections are separated. After drawing support and resistance lines, most candles are said to be either resisting or supporting depending on whether they move below or above that line. No need to try to draw 100% accurate support and resistance lines. This is because you cannot draw 100% accurate support and resistance lines themselves. Support and resistance lines are automatically created on this chart. Indicators that are creating support and resistance lines are the HA-P and MACD-P indicators, which have released formulas. The trading strategy required for trading must be created by you. Otherwise, the trading strategy will be useless when the trade starts and the price becomes very volatile. The reason for analyzing charts is to make the necessary trading strategies for trading. Even if you are not good at interpreting charts, if you have a well-thought-out trading strategy, your chances of winning the trade are quite high. trading strategy is - Investment period - Investment scale - Buy and sell strategies, etc. Before you start trading, you should think about your trading strategy. More details will be provided whenever the opportunity arises. ( 1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. Expect to find support and resistance in the four box sections. On the CCI-C indicator, if the CCI line remains above the EMA line, it is likely to move higher. ------------------------------------------------------------ ------------------------------------------- ** 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 through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Bitcoin (BTC) - August 6Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1D Chart) If the price holds above 22753.10, it is expected to maintain an uptrend. Primary resistance: around 25K Secondary resistance: 27K-29K The key is whether it can rise above 23266.90, the point of the published MACD-P indicator, to receive support. (Among the published indicators, the MACD-P indicator and the MS-Signal indicator combined are the MACD-T indicators.) (1h chart) ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended. You need to check if you can climb more than the 23175.25-23414.04 section. If not, you should check to see if it is supported on the 22579.68-22753.10 section. - In the CCI-C indicator, the CCI line is moving upwards above the EMA line. Therefore, if the CCI line remains above the EMA line, it is expected to rise. - However, if the price does not rise above 23414.04 and the Stoch RSI or RSI enters the overbought zone, the uptrend may be broken, so we need to keep an eye on the situation. So, when you break out of the oversold zone, you should check to see if there is support near the 23175.25-23414.04 zone. ------------------------------------------------------------ -------- ** This is part of yesterday's update to the BTCUSDTPERP chart. ** When the Nasdaq Index decouples BTC and causes the Nasdaq Index to decline, it does not mean that the BTC price will continue to rise indefinitely. The maximum climb is expected to be the 27K-29K section. The reason is that the flow of funds between USDT and USDC shows a decline in the gap. Therefore, it should be considered that BTC price is in the rebound section of the downtrend until it is supported by rising above 29K, i.e. 29840.6. Therefore, I think it is necessary to increase the number of coins (tokens) held for short-term trading until it rises above 29840.6. If it rises near the 27054.1-29840.6 zone or falls unsupported in that zone, the downtrend is likely to accelerate. Therefore, if it is resisted and falls near 26574.53, Stop Loss is required to preserve profit and loss. Stop Loss to preserve this profit and loss should proceed by securing cash that can be purchased additionally when the price falls. Therefore, if you sell 100%, you may not be able to make a proper judgment due to psychological anxiety depending on the price volatility, so you should think about alternatives in advance. If the downtrend accelerates, I expect to touch the 13137.51-15916.68 zone. From a mid- to long-term perspective, it is recommended to increase the number of coins (tokens) you have. Therefore, the above discussion is based on this point of view. If you increase the number of coins (tokens) instead of cash income, the purchase price becomes 0 for this number of coins (tokens), so when you start buying later, you will be able to reduce the psychological burden of buying. For this reason, I said that it is better to increase the number of coins (tokens) rather than cash income. In order for a full-fledged uptrend to come out, I think it will be possible by maintaining the price above 29812.52 or by falling to the 13137.51-15916.68 section and moving sideways. In any way, from a mid- to long-term point of view, a trading method that maximizes the number of coins (tokens) you have is absolutely necessary until a full-fledged uptrend occurs. I wrote this in the hope that the above information will be helpful according to your trading strategy and trading style. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
3