readCrypto

1st support section : 28465.36-29003.87

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(BTCUSDT chart)

As the HA-High indicator on the 1W chart was created at the 29003.87 point, there was a movement to touch this area.

At the same time, the 28465.36-29003.87 section became more important.


Since the HA-High indicator section of the 1W chart was formed over the 27496.02-29003.87 section, if it falls below 28465.36 and is resisted, it is expected to touch the area around 26574.53-27496.02.


(1D chart)
Important indicators are passing around 27496.02-28465.36.

So, even if it shows a strong pullback, it is very likely to rattle around this area (around 27496.02-28465.36).


If the price shows a hold around 29003.87, it is expected that the HA-Low indicator on the 1D chart will create an uptrend.

In that case, the section where BTC is currently located corresponds to the buy section.


The HA-High indicator is an indicator created near a high point, and if it is supported and rises from the HA-High indicator, it is likely to renew the previous high point.

The HA-Low indicator is an indicator that is created near a low, and if it is resisted and falls from the HA-Low indicator, it is likely to renew the previous low.

Therefore, when it is supported and rises from the HA-Low indicator, the vicinity of the HA-High indicator corresponds to the first selling zone.


If the HA-Low indicator on the 1D chart is created near the HA-High indicator on the 1W chart and supported by these two indicators, there is a possibility of a strong uptrend in the short term.

With such a strong uptrend, whether it can break through the HA-High indicator section on the 1D chart until the next volatility period, around August 21st, is the key.


The M-Signal indicators on the 1W and 1M charts made a regular arrangement.

So, if this sequence holds, i.e. if the price stays above 28465.36, I expect it to eventually show an uptrend.

Therefore, if it falls below 29003.87,
1st : 28465.36-28923.63
2nd: 26574.53-27496.02
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

And, if the HA-Low indicator of the 1D chart is created, it is important whether it is supported near the generated HA-Low indicator.


If you do not respond in the section where you need to respond and wait and move in the direction you thought, you can get a big profit.

However, if you feel the psychological burden that comes with it, you should be careful because you are likely to get tired of continuous trading.

If you fail to make your psychological state stable in trading, you are more likely to leave the investment market itself, so you need a transaction that somehow makes your psychological state stable.

Therefore, it is necessary to respond to some extent in the section to be responded to so that the damage to one's psychological state is not affected.


There are many lines drawn on this chart.

Not all of these lines are used for trading, but they are lines that are likely to be used in some way due to price volatility.

In particular, since the point or section that we are talking about in writing or in words is the point or section that corresponds to the section that needs to be dealt with, we need to create or revise the trading strategy based on this point or section.

------------------------------------------

(BTCKRW chart)
As the HA-Low indicator on the 1D chart is created at the 38738000 point, the 37821000-38738000 section corresponds to the buy section.

However, since the HA-High indicator section of the 1D chart is formed over the 39049000-40581000 section, I think that the price should be maintained above 40674000 in order to continue the upward trend.

Therefore, the section 37821000-40674000 is most likely a sideways section, i.e. a box section.


The next volatility period is around August 9-11.

------------------------------

- big picture
A full-fledged uptrend is expected to begin when it rises above 29K.

This is the 81K-95K range that we expect to touch in the next bull market.

---------------------------------------------------------------------------------------------

** All descriptions are for reference only and do not guarantee profit or loss in investment.

** 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.

---------------------------------
Comment:
(DXY chart)
The key is whether it can get resistance around 102.034 and drop.

If this is not the case and rises above 102.034, volatility is expected in the investment market.

Therefore, it is necessary to confirm where it is located after the volatility period around August 1st, as there is a possibility of affecting the coin market.


DXY is expected to move sidewya below 102.034, energizing the investment market.
Comment:
(BTCUSDT 1D chart)
In order for the HA-Low on the 1D chart to be newly created, the RSI indicator must enter the oversold zone.

Since the set value of the RSI indicator is the close of Heikin Ashi, it is not easy to check on charts other than tradingview.

The current value of the RSI indicator is at 21.35.

Therefore, further declines will increase the probability of generating the HA-Low indicator on the 1D chart.

If the HA-Low indicator on the 1D chart is created and there is support around it, it is expected to show an uptrend.
Comment:
(BTCUSDT 1D chart)
To turn into an uptrend, Heikin ashi must first turn into a bullish sign.

To find out this as a moving average line, you can check it by displaying a 5-moving average line.

It's not a perfect match, but since it passes through similar positions, you can also use the 5-moving average on a regular chart.


(15m chart)
To trade on the 15m chart, you basically need to keep the price above 150EMA.

So, if it falls below 150EMA, it means selling is increasing.


A break above 150 EMA or an upward break of the MS-Signal indicator when the price holds above 150 EMA would be a buying time.

Currently, the price is holding above 150EMA, but Heikin Ashi has fallen below the MS-Signal indicator, so it is time to wait and see.


From a short-term perspective, it is a wait-and-see time for spot trading as the 5EMA and M-Signal indicators on the 1D chart are currently in inverted alignment.
Comment:
(BTCUSDT 1D chart)
Moving up, the HA-Low indicator on the 1D chart is trying to form near 29762.38.

Accordingly, if the HA-Low indicator of the 1D chart is created around 29762.38, that is, at the point 29743.81, the key is whether it is supported or resisted near this point.

If it fails to rise above the HA-Low indicator on the 1D chart, there is a possibility of a decline around 28465.36 as it is likely to renew the previous low.


If it finds support and rises at the HA-Low indicator on the 1D chart, a short-term uptrend is likely.

However, since the HA-High indicator on the 1D chart is formed at the 30495.92 point, it is the time to buy when it is confirmed to be supported in the 29743.81-30495.92 section.

If this is supported and rises, I would expect a rise above 31804.20, i.e. around 32259.90, as it is likely to renew the previous highs.


Since it is currently located below the HA-Low indicator on the 1D chart, rather than guessing in advance and starting a trade, we need to first check whether the HA-Low indicator on the 1D chart is created at the 29743.81 point, and check whether it is supported or resisted in the 29743.81- 30495.92 section.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.