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Bitcoin (BTC) - September 24

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective

If the price is maintained above the 28130.0-29300.0 range, it is expected to continue the upward trend.

If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.

In particular, if the price is maintained above the 46930.0 point, it is expected to create a new wave.


(1D chart)
First support section: 41950.0-45135.66
Second support section: near point 38150.02

It is necessary to check whether there is a movement that rises above the 46930.0 point by rising from the first support section.


First resistance section: 46487.52-49266.69
Second resistance section: 54825.02-56578.21

The first resistance section is an important section that determines the trend.
So, if the price fails to maintain the price by breaking above the 50931.30 point by breaking above the first resistance zone, there is a possibility that it will move down near the 38150.02 point, the second support zone.


Trends can change as volume increases, so it is always important to check the movement in a support or resistance zone along with a change in volume.


(more on the 1W chart)
Looking at the expectations of ups and downs, it can be seen that the extent of the decline is relatively large compared to the extent of the rise.
So, I think there are a lot of people who are weighing down the decline.

However, if you look at the 1W chart, it gained support in the A section in the past and is now moving above that support section.

I think it is showing a pull back pattern to break through the support and resistance section formed at the 46930.0 point.

It is expected that this movement will eventually form a support zone to break new highs again.


In order for the price of BTC to enter the bear market, it is expected that a strong plunge will begin with a downward break through the 28130.0-29300.0 section.

So, until then, I think we are forming a support and resistance zone for a new high.


We expect to touch the expected target range of the XBTUSD 1M chart that continues to appear at the bottom of this chart.

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(BTCUSDTPERP 1D Chart)
First support section: 42125.51-45163.36
Second support section: near point 38200.01

It is expected that the trend will change according to the increase or decrease in trading volume, along with which section receives support and resistance.

If the price is maintained in the support zone even if it declines with a lot of trading volume, I think it is highly likely to turn into an uptrend.


First resistance section: 46559.44-49345.92
Second resistance section: 54918.88-56630.33

The first resistance section is an important section that determines the trend.
Therefore, a failure to break above this resistance area is likely to lead to a move towards the second support level near the 38200.01 point.


It failed to break out of the downtrend line (1) as it moved lower on September 7th.
We expect a second attempt to break out of the downtrend line (1), which will be around September 26th - October 14th.

The next volatility period is around September 26 (September 25-27).

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To confirm the movement of funds in the coin market, you need to check the movement of the charts below.
BTC Dominance (BTC.D) Chart
USDT Dominance (USDT.D) Chart
USDT Chart
USDC Chart

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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.

If it fails to break through section a upward, I think it can represent the same flow as section A.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying 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.)
Comment:
(BTCKRW 1W Chart) - Mid- to long-term perspective
If the price is maintained above the 31662000-35545000 range, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 48550000 point, it is expected to continue a full-fledged uptrend.

We need to see if we can make a new wave by rising above 54964000 and entering the high-end section.

In particular, the upward trend is expected to accelerate as it rises above the 57947000 point, the baseline point of the Ichimoku Cloud (Ichimoku).


(1D chart)
(eng)
First resistance section: 52659000-55746000
Second resistance section: near the 61919000 point

The first resistance section is an important section that determines the trend.
Therefore, it is important to check the movement within this interval.

It is important to see the price hold above the 57947000 point in order to move towards the second resistance zone.

We need to increase the extent of the upside by forming expectations for the upside.


First support section: 48550000-51798000
Second support section: near the 43400000 point

If this time the first resistance section, the 52659000-55746000 section, declines, it could fall near the 43400000 point due to the disappointment that it did not rise.


The period between September 18-23 (up to September 17-24) is a period of volatility, so you should check the price movement.

Therefore, it is necessary to check in which section the closing price of September 24 ends.


The next volatility period will be around October 11-15.


The expected target range of the XBTUSD 1M chart, which continues to be posted at the bottom of this chart, is my upside target area.

The current movement is not detecting a trend change sufficient to correct this expected target interval.
Comment:
(BTCUSDTPERP 1D Chart)
BTC price is falling from the first support zone (42125.51-45163.36).
You should see if your trading volume is increasing.
I think that a movement out of the sideways section (38200.01-46559.44) can occur only when the trading volume increases.


(BTC.D, USDT.D, USDT, USDC charts)
BTC.D 1D Chart: Need to make sure it stays below 41.73 point.

USDT.D 1D Chart: You need to check if you are getting resistance in the 3.500-3.746 section.

USDT, USDC 1W chart: Need to check if the uptrend is maintained.

(USDT 1D Chart: www.tradingview.com/x/7sY27cRm/)
(USDC 1D Chart: www.tradingview.com/x/T1VH5XJn/)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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