28465.36-29003.87 Corresponds to buying time when supported
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(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)
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(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.
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(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.
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- 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.
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** 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(DXY chart)
(USDT chart)
(USDC chart)
------------------------------------------
(BTCUSDT chart)
(1M chart)
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)
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)
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)
If not, you should check if it has support around 35539000-36802000.
The next volatility period is around August 9-11.
------------------------------
- big picture
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.
---------------------------------
Comment:
(DXY chart)
We need to see if the DXY can continue sideways below 102.034 after the volatility period around August 1st.
This is because the 102.034-105.873 range is a period of volatility, and it is difficult to predict the movement of the investment market.
If it rises above 105.873, there is a possibility that the investment market will slowly enter a recession.
Therefore, I think it is good to continue sideways in the 97.401-102.034 section.
If it falls below 97.401, we believe there is a possibility that the investment market will experience an element of uncertainty again.
Therefore, we expect the 94.811-95.557 section to be the last support section.
This is because the 102.034-105.873 range is a period of volatility, and it is difficult to predict the movement of the investment market.
If it rises above 105.873, there is a possibility that the investment market will slowly enter a recession.
Therefore, I think it is good to continue sideways in the 97.401-102.034 section.
If it falls below 97.401, we believe there is a possibility that the investment market will experience an element of uncertainty again.
Therefore, we expect the 94.811-95.557 section to be the last support section.
Comment:
(BTC.D chart)
If BTC dominance falls below 48.80, we expect to start talking about an altcoin bull run, or altcoin pumping.
However, BTC dominance is expected to eventually rise to the 56.78-61.73 range, so a short-term response is required when trading altcoins.
If BTC dominance declines below 47.64-48.80 and shows no signs of resistance, eventually BTC dominance will show an upward trend.
However, BTC dominance is expected to eventually rise to the 56.78-61.73 range, so a short-term response is required when trading altcoins.
If BTC dominance declines below 47.64-48.80 and shows no signs of resistance, eventually BTC dominance will show an upward trend.
Comment:
(BTCUSDT 1D chart)
The HA-Low indicator on the 1D chart is about to form at 29408.74.
Therefore, if the HA-Low indicator on the 1D chart is created at point 29408.74, it is time to buy if it is confirmed to be supported at this point.
The first selling section is 29762.36-30491.32, which is the HA-High indicator section of the 1D chart.
If it fails to rise above 29408.74, it is likely to break the previous low.
Therefore, if the HA-Low indicator on the 1D chart is created at point 29408.74, it is time to buy if it is confirmed to be supported at this point.
The first selling section is 29762.36-30491.32, which is the HA-High indicator section of the 1D chart.
If it fails to rise above 29408.74, it is likely to break the previous low.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
The question is whether you can stay out of the 6.21-8.25 section afterwards.
If not, you should check to see if it is out of range 6.85-7.34.
This is because once it breaks away from the minimum 6.85-7.34 range, it is expected to look like a wave is about to start.
On the chart flow, USDT dominance is expected to rise.
However, I think it's good to observe the situation a little more as there is a possibility of a change in direction after a period of volatility.