readCrypto

Bitcoin (BTC) - July 8

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52

Primary Support: Around 21475.02
2nd Support: 13137.51-15916.68

The key is whether it can be supported and raised near 21475.52.

The key is whether it can break the upward trend line if it rises above 21475.52.


In particular, RSI indicators and Stochastic RSI indicators should be checked for deviations from the over-sold section.



(1D Chart)
It is necessary to check if there is any movement deviating from section 18719.11-22487.41.


We need to check if we can get support from 21475 or higher.

If it rises above 21475.02-22487.41 and is supported, it is expected to shift to an upward trend from a short-term and medium-term perspective.

However, careful trading is required as resistance is expected near the upward trend line.


The next period of volatility is around July 13.



As with the previous trend, careful trading is required because it may not break through the MS-Signal index upward and lead to a large drop.

In order for the MS-Signal index to shift to an upward trend, it must rise above 22487.41, shake it up and down, and rise.

This will enable MS-Signal indicators to be supported and raised as they shift to an upward trend.

However, since it will be supported around 21475.02, it is expected that there will be little room for the rise.

I think we need to walk sideways for about two more months to get the momentum around 21475.02.


It is expected to continue the upward trend from a mid- to long-term perspective only when it rises above 29812.52.

So, you have to trade with the idea that you're rebounding from the current downward trend.

Therefore, below 29812.52, we have to proceed with the transaction from a short-term perspective.

However, rather than receiving profits in cash, it is better to increase the number of holdings.

You can earn a lot of profits even if you check whether it is supported by a rise of 29812.52 or more and proceed with a full-fledged purchase.

Until then, you should be careful because waiting under psychological pressure by using a large amount of investment to buy can be exhausting in investing for a long time.


To survive in the investment market for a long time depends on how stable your psychological state is.

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** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.

(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)

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Comment:
(UTC) You need to confirm that the BTCUSDTPERP chart is supported at 21481.1 and can rise above 22471.5.

It is necessary to check if the BTC.D chart and the USDT.D chart can fall below the upward trend line.


IXIC (Nasdaq) chart needs to be checked if it can rise above 11805.0-12131.13 interval.
Comment:
(ELFUSDT 1D Chart)
This token is breaking through the newly added Bolinger Band.

If supported above 0.2136, further increases are expected.

[Example of exchange chart setup]

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

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

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