readCrypto

Bitcoin (BTC) - September 19

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.

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)
It is necessary to check whether there is a movement that deviates from the section 46487.52-49266.69 that determines the trend.

If it falls to the 41950.0-45135.66 section, you need to check whether it rises above the 46487.52 point with a sharp rise.

This move is expected to be the start of an uptrend.


Conversely, if it rises to the 49266.69-50931.30 section and fails to maintain the price and falls near the 46930.0 point, it may be the start of a downtrend, so careful trading is required.


Depending on the movement of funds, you will choose one of the two above.

Therefore, you should check the movement of the USDT chart and the USDC chart, as mentioned in the BTCUSDTPERP 1D chart.

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(BTCUSDTPERP 1D Chart)
The section 46559.44-49345.92 is an important section corresponding to the top of the sidewalk section.

I think the game of the coin market will change depending on whether it will rise or fall in this section.

In the CCI-RC indicator, I think it is reliable because the CCI shows a movement above the 0 point.

The stockpiling of power to enter the 80K range is likely to be made in the sideways of this important section.

Usually, if there is a lot of trading volume along with a large price increase, it is the time when the power is released rather than the stockpile at that point.

I think the stockpiling of power to rise is done in the sideways section that individual investors hate the most.


The current moment, which is showing an ambiguous move as to whether it will rise or fall, is the time to stock up on strength.

To know how to stock up on these forces, you need to watch the movement of the USDT chart.

The movement of the USDT chart shows the sum of all data in the coin market.
As it is a chart, there is some uncertainty in its movement.

However, as an individual investor, I think it is the best indicator of money movement.


A drop in trading volume is likely to lead to a decline in the near future.
However, if there is a downside, I would expect an uptrend to break through the 49345.92 point upwards, surging at or above the 42125.51-45163.36 zone.

The start of an uptrend is expected to follow.


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


When you look at the analysis text on the chart, are you still looking for the target point?
It doesn't help at all with your own trading.
(A target point set by someone else other than the target point you set yourself and the target point you set before buying is meaningless.)

The most important thing in trading is the buy point, not the target point.
As long as you choose your buy point well, it doesn't matter where your target point is.
They will all be in the profit sphere anyway.

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BTC Dominance is a chart that allows you to see the market flow with the movement of the BTC price with the highest market capitalization.

So, if BTC dominance goes down, altcoins may start to rise.

Conversely, if BTC dominance rises, the coin market may turn into a downtrend.


(BTC Dominance (BTC.D) 1D Chart)
Referring to the previous movement, it can be seen that an important support and resistance section has been formed near the 41.73 point.

So, if there is a move above the 41.73 point, the BTC price is likely to fall further.

If the dominance is maintained below the 41.73 point, the coin market is expected to form a new bull market.

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I think the USDT Dominance Chart is a chart that can easily check whether the funds that entered the coin market through USDT issuance are used in the coin market.

Therefore, if USDT dominance declines, it can be seen that the funds that have entered the coin market through USDT issuance are being used.
(USDT dominance may decline as money is drawn out of the coin market, so it is recommended to view it with a USDT chart.)


(USDT Dominance (USDT.D) 1D Chart)
We need to see if we can find resistance in the 3.009-3.374 section and move down.

From a short-term perspective, it is expected that the coin market will continue its upward trend when it receives resistance and declines in the range of up to 3.500-3.746.

From a mid- to long-term perspective, if it rises to the 4.158-5.003 section, I think there is a possibility that the coin market will turn into a downtrend.


It remains to be seen if the altcoin bull market can be in full swing by dropping below the 3.009 point.

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I think the USDT chart and USDC chart are charts that give you a brief overview of the amount of money that has entered the coin market.

Thus, the rise of the USDT chart and the USDC chart is a quick reminder that the size of funds in the coin market is increasing.

(USDT 1W chart)

(USDC 1W chart)

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(XBTUSD 1M Chart)
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 with the movement of price and volume.
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 yet been released.
(Because it is not public, 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:
(BTC Dominance (BTC.D) 1D Chart)
There is support at the 41.73 point and movement is emerging.
You can touch up to 43.75-44.51 section and fall.
Accordingly, careful trading is required.


(USDT Dominance (USDT.D) 1D Chart)
You should watch for any movement out of range 3.009-3.374.
You can touch up to the 3.5-3.746 segment, so you need to trade carefully.


Judging from the movement of the dominance chart above, it looks likely to be down.

However, when looking at the overall flow of funds in the USDT and USDC charts below, they appear to be maintained.

(USDT 1W chart: www.tradingview.com/x/Qrw6IZfJ/)
(USDC 1W chart: www.tradingview.com/x/D2daGrmr/)

Accordingly, even if the coin market shows a downward trend, it is highly likely to be temporary.

You need to check whether you can respond by setting the average purchase price of your own assets or a countermeasure for each purchase price.


(BTCUSDTPER 1D Chart)

If the dominance charts show a downtrend as explained above, then of course the BTC price will fall.

At this time, the important thing is whether the price is protected above the 60SMA level.

Therefore, even if it falls to the 42125.51-45163.36 section, the closing should be done by rising above the 45163.36 point.

The 46559.44-49345.92 interval is an important interval on the 1M, 1W, and 1D charts, so it is important to check price movements and changes in volume in this interval.
Comment:
With the decline in BTC price, altcoins are also falling.
Accordingly, for individual investors who are concerned in many ways, we publish the charts analyzed from different angles.

The bottom line is that it will not lead to a bigger decline.

None of the analysis articles give advice on what your average purchase price is.
Therefore, you should always trade with a strategy that matches your average purchase price.

This is because investing is a psychological battle, and if you proceed with a transaction while feeling psychologically burdened, there is a high possibility that you will eventually make a wrong decision.

I hope that you devise a suitable payment strategy to keep your own psychological state stable.


(BTC 1W Chart)
The charts (XBTUSD, BTCUSDT, BTCKRW, BTCUSDTPERP, BTC1!, BTM!) were used as comparison charts.

The dates shown on the chart are the days when significant volatility was seen.

On this important day, the movement of the price chart was the same.
However, there are charts where the trading volume is different from other charts.

That chart is the BTCUSDTPERP chart.

The week with June 21st has changed.


(BTCUSDTPERP 1W Chart)
Thus, the 28780.01-41413.0 interval, which is the full interval for the month or week that includes June 21st, is an important support interval that needs to be supported to create a new wave.

If you fall during this overall period, you might think that fear will be maximizing and more buys will be made.

However, it is expected that the price will be burdensome for whales and institutional investors who have invested in the coin market as the downtrend can be rapidly accelerated by fear of a downtrend.

Therefore, I think the price defense is most likely near the 41413.0 point.

I think that the sharp drop in trading volume is proof of this as a support for this move.


An uptrend is expected to begin in the not-too-distant future with a sharp rise in price or an increase in volume.



We recommend that you re-read the description of the XBTUSD 1M chart that is still running.

(XBTUSD 1M Chart)
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.

[Example of exchange chart setup]

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

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