readCrypto

Bitcoin (BTC) - August 26

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Welcome, traders.

By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.

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

(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.

If it rises above the 46930.0 point, it will enter the high point section.
If the price holds above the 46930.0 point, it is expected to create a new wave.


(1D chart)
It is an important section that determines the direction in section 46487.52-49266.69.

It is necessary to check if there is movement out of the 46487.52-49266.69 section due to the volatility between the 25th and 27th of August.

In particular, it remains to be seen if the trend can continue with the move out of the 45135.66-50931.30 zone.


If the price is maintained above the 50931.30 point, the first resistance section is the 54825.02-56578.21 section.

This first resistance zone is likely to form a volatility zone to move towards the 60383.36-63152.53 zone.


If the price holds above the critical previous high of 40100.0-41950.0, we expect the uptrend to continue.

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

(BTCUSDTPERP 1D Chart)
The section 46559.44-49345.92 is the section that determines the direction.

It is necessary to check if there is any movement out of the 46559.44-49345.92 section due to the volatility between August 19-29.

If the price is maintained above the downtrend line (1), the 54918.88-56630.33 section is the first resistance section.
I think this resistance zone is likely to create a volatility zone for an upward move towards the 60491.83-63278.31 zone.


If the decline is at 46559.44, you should see support at the 42125.51-45163.36 zone.


You should see if the center line rises as the green color of the OBV on the volume indicator increases.

Currently, the green color of OBV is decreasing.
Accordingly, it is important whether the price holds and rises in the section 46559.44-49345.92.

In the CCI-RC indicator, the BTC price is expected to accelerate the upward trend when the CCI line rises above the +100 point, so careful trading is required.

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

(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

Above the 47010.0 point, it is expected to create a new wave if the price is maintained as a high point.

It is necessary to check whether there is a movement out of the 47010.0-50876.0 section due to the volatility between around August 23rd and around the 29th.

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

(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to a rise in the price of altcoins.

Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.


The next volatility period for BTC Dominance is around September 9th.
It remains to be seen if this volatility triggers a drop below the 43.17 point.

If it rises above the 48.81-50.86 section, I think the coin market is highly likely to be in a downtrend.

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

(USDT Dominance (USDT.D) 1D Chart)
It remains to be seen whether the altcoin bull market can be in full swing by dropping below the 3.009 point.

The next volatility period on the USDT dominance chart is around September 9th.


If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.

USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.

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

(USDT 1D Chart)
A rise above 62.904B is expected to trigger a new trend in the coin market.


Looking at the USDC 1D chart (www.tradingview.com/x/9ltzhLBg/), we should see if there is an uptrend along the uptrend line.


I think the rising gap between USDT and USDC shows that money is flowing into the coin market.

Conversely, a fall in the gap indicates that money is flowing out of the coin market.

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

(ETH Dominance (ETH.D) 1D Chart)
We need to see if there is any movement to rise above the downtrend line (1).

In particular, it is necessary to ensure that there is support at point 18.13.


A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.

It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.

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

(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.

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

We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend 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.

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

** 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 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.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Comment:
(XBTUSD 1D Chart)
It is necessary to check whether there is movement out of the 46695.0-49518.0 section due to the volatility around August 23-29 (August 22-30).

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

(BTCUSDT 1D Chart)
The period of volatility around August 20-September 1 (August 19-September 2) is a period of volatility, but of these, around August 26 (August 25-27) is likely to be an important turning point.

It is necessary to check whether there is movement out of the 46487.52-49266.69 section due to the volatility around August 26 (August 25-27).

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

(BTCUSDTPERP 1D Chart)
It is necessary to check whether there is movement out of the section 46559.44-49345.92 due to the volatility around August 28 (August 27-29).

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

(BTCKRW 1D chart)
It remains to be seen if support at the 52659000-55746000 zone and higher above the 57947000 point can accelerate the uptrend.

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

(ETH Dominance (ETH.D) 1D Chart)
The 16.65-18.13 zone is an important support and resistance zone, and if the dominance is maintained above this zone, the uptrend is expected to continue.

In particular, if the price is maintained above the 19.22-19.62 range, ETH price is expected to lead to a surge.

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

The USDT and USDC charts are constantly changing shape, so you can see that there is a change in the flow of money.

Looking at the current chart, it is holding an uptrend, so if this trend continues, we expect the coin market to accelerate the uptrend.

(USDT 1D Chart)

(USDC 1D Chart)

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

(USDT Dominance (USDT.D) 1D Chart)
As it falls below the 3.009 point, we need to see if it can accelerate the altcoin's uptrend.

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

(BTC Dominance (BTC.D) 1D Chart)
If BTC dominance rises as the BTC price rises, there is a possibility of a sharp decline due to a sell-off, so careful trading is required.

You need to check if you can fall in the 43.75-44.51 section.

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

(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 sections a and 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/
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.