readCrypto

The period of profit realization is not over yet

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT chart)

(1M chart)
The MS-Signal indicator has yet to turn into a bullish sign.

Therefore, the key is whether the price can be maintained by rising above the volume profile of 28465.36-28923.63.


(1W chart)
The question is whether it can maintain its value above the MS-Signal indicator and 150EMA.

When the StochRSI indicator breaks out of the oversold zone, it is necessary to check at which point it is receiving support and resistance.


(1D chart)
It will be a question of whether the price can hold above 27262.84 and break above the important indicator crossing the 27262.84-28465.36 area.

If it rises above 28465.36-28923.63, it can be considered to have succeeded in breaking through upward.


The StochRSI indicator has entered the overbought zone.

Therefore, when it breaks out of the overbought zone, it is expected that it will turn into an uptrend only when it shows support around 27262.84.


The start of the volatility period I would expect is around September 1st.

Therefore, it is expected that we will know whether or not the current uptrend can be maintained through the volatility period that will begin this time.

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(USDC 1D chart)
It is unknown whether the movement of the candlestick after a long time is due to the power of USDC, but it can be interpreted as evidence that funds inflow through USDC have generated many transactions.

If USDC does not rise above 26.525B due to the gap increase, the impact of USDC on the coin market is not expected to be very large.

However, USDC's upward trend can play a role in coupling with the stock market, so it can show the same movement as the index chart of the stock market.


(USDT 1D chart)
There is no gap uptrend yet and we are only making the candlestick larger.

The size of the candlestick can be interpreted as evidence that a large number of transactions are being made with funds that have flowed into the current coin market.

Therefore, it cannot be said that the period of profit realization is over yet.

This is because when the profit taking period ends, the size of the candlestick is expected to be expressed as small as before.

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Turning to an uptrend depends on how well the stock holds up against rising prices.

Therefore, the key is whether the price can be maintained until the MS-Signal indicator converts to an upward trend in the 27262.84-28465.36 section and rises.

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(BTCKRW chart)

(1D chart)
The question is whether it can rise above 38319000 while maintaining the price above the MS-Singal indicator.

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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:
(BTC1! chart)

(1D chart)
When it should have fallen, it continued to rise without falling, creating two big waves.

Since the HA-Low indicator rose this time to form a new support and resistance zone, the important question is whether the price can be maintained at that point, that is, above 26105.

Therefore, the stop loss for this rise is at 26105.


Since the HA-High indicator is formed at the 30640 point, a change in trend may occur depending on whether the upward trend continues to that point or whether the HA-High indicator declines and is newly created.

Since the same movement continues and the overall lows and highs are increasing together, this movement can be considered as one of those movements.

However, it is my opinion that the fact that the new HA-Low indicator moved and formed new support and resistance points will lead to a different movement from the previous two waves.


If there is support, I would expect a bigger and steeper uptrend, if not, I would expect a lower, gentler uptrend or boring downside sideways.

What we should be thinking about as our main objective is next year's BTC halving.

With just over 200 days left, there isn't much time to build an uptrend.

I think the best trading strategy at the moment is to always remember this and to increase the number of coins (tokens) you have by deciding which coins (tokens) to buy in installments.

It is important to steadily buy any coin (token) included in the top 100 market capitalization ranking at the time of thinking about which coin (token) will go more.

If you switch to another coin on the way, think that you will inevitably reduce your profit, and it is recommended that you purchase an altcoin before BTC rises above 32K and buy the first round before 32K.


Now is the time to focus on BTC or ETH.

The rich can sell BTC or ETH and buy altcoins.

However, in order for us to get rich in the future, the only way is to increase the number of BTC or ETH.

You may ask, isn't it just a matter of earning big profits from altcoins?

That's also true, but since altcoins don't last, the money you earn from altcoins is likely to disappear again at any time.

That's why when you buy BTC or ETH with the money you earn from altcoins, your profits will be sustainable.

[Example of exchange chart setup]

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

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