Bitcoin (BTC) - July 12

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(BTCUSDT 1M Chart)

It is about a -70% drop from its current high.

If it falls to the 13137.51-15916.68 section, it will fall further by -30%.

The area around 21475.02 is the previous high, so the section 15916.68-21475.02 is a good place to start buying.

However, if it fails to rise to the 27033.35-29812.52 section, you must sell.

I think the time to start showing a full-fledged uptrend is when it rises above 29812.52 and is supported.



(1W chart)

Resistance: 27033.35-29812.52

1st support: around 21475.02
Second support: 13137.51-15916.68

The key is to get support above 21475.62 and get inside the lower end of the Bollinger Bands (60).



(1D chart)
It rose above 21475.02 and failed to find support and is now falling.

It is necessary to check whether it is supported in the section 18719.11-199695.87.

If it falls below 18719.11, there is a possibility that it will move towards 15916.68.


In the CCI-C indicator, the CCI line intersects the EMA line.

As such, volatility is likely to occur when the CCI and EMA lines cross or when the CCI line crosses the -100, 0, 100 points.

So, in these times, you need to see where the price finds support and resistance.

A break from that support and resistance zone can lead to sharp volatility, so be careful.


It is necessary to check whether there is a movement out of the section 18719.11-22487.41.

If it gains support above the 21475.02-22487.41 section, it is expected to turn into an uptrend in the short-term and medium-term perspective.

However, caution is advised as resistance is expected near the uptrend line.


The volatility period is around July 13th.


However, if the price is maintained above the uptrend line passing the 19695.87 point around July 18th, there is a possibility that the price will rise from the volatility period around July 24th.

At this time, the rising section is expected to be 23K-25K.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(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.)

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Comment:

** Try to interpret the chart with the indicators set in the chart **

1. MRHAB-T Indicator
The multiple lines displayed in the price chart are indicators included in the MRHAB-T indicator.

Among the indicators included in the MRHAB-T indicator, the OBV, -100, +100, RSI 80, RSI 20, High, Low, Buy/Sell, HA-High and HA-Low indicators indicate support and resistance points.

The rest of the indicators show trends.


2. Long/Short-S Indicators
The Long/Short-S indicator's Columns display combines the movements of the five indicators to indicate the strength of the uptrend (Long) and the downtrend (Short).

The RSI and Stochastic RSI indicators tell you if a price wave is in an oversold zone or an overbought zone.

However, although the range is expressed differently depending on the setting value, the stochastic RSI indicator is an indicator that informs even the movement of calm waves.



3. CCI-C Indicators
Depending on the movement of the CCI line in the CCI-C indicator, volatility may occur as it crosses the -100, 0, +100 points or crosses the EMA line.

CCI line < -100 point: There is a high possibility of a downtrend

CCI line > -100 and CCI line < +100 : High probability of going sideways

CCI > +100 point: likely to be an uptrend



It is not easy to trade only with trend-related indicators such as MS-Signal, Heikin Ashi, and Bollinger Bands.

Trend-related indicators usually consist of curves and slanted lines, so they are indicators whose reference point for interpretation changes depending on one's psychological state.


To make a trade, you need a reference point.

So, OBV, -100, +100, RSI 80, RSI 20, High, Low, Buy/Sell, HA-High, and HA-Low indicators are included in the MRHAB-T indicator to represent a horizontal line.

You can proceed with trading based on the points indicated by these indicators.


Use the indicators shown in the chart below to interpret the trend and see if you can proceed with the trade.


(1W chart)

(1D chart)

Comment:

As you interpret the chart, you realize that what matters is not how far up or how far down.

What is important in trading is how to proceed with the transaction.

Therefore, it is necessary to establish a necessary trading strategy when trading.

- Investment scale
- Investment period
- Number of purchases in divisions, number and size of purchases in divisions
- How to do Stop Loss
- etc

The above are essential parts of trading.

To do this, you need to have a reference point you want to trade on, and I am providing that reference point on my chart.

It is important to have a trading strategy for when to rise and when to fall from the reference point.


If you only worry about whether to rise or fall from the current position, you cannot actually trade.

First, check whether a transaction is possible, and when it is determined that a transaction is possible, establish the above-mentioned trading strategy and proceed with the transaction.