readCrypto

A short-term buying period is expected to form

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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** 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.

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(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.

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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.

** 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.

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Comment:
(BTCUSDT.P 1D chart)
The key is whether it can be supported in the 26377.2-26609.7 section and rise above 27252.5.

A break with resistance from the HA-Low indicator is likely to renew the previous latest low.

Therefore, the HA-Low indicator point 26377.2 created this time is expected to play an important role in creating a new trend.


It shows a slightly different look from the BTCUSDT chart.

Accordingly, the volatility period is until August 25th.

[Example of exchange chart setup]

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

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

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