readCrypto

Bitcoin (BTC) - July 19

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.

In particular, it remains to be seen if it can move above the 35286.51 point and turn into a short-term uptrend.

The next volatility period is around July 22.


(1D chart)
If we look at the big picture, we are walking sideways in the section 31640.22-40586.96.
The 33949.53-37252.01 section is an important support and resistance section.

It remains to be seen if the 31640.22-32259.90 zone can find support and move up.


If it goes down from the 31640.22 point, it could touch near the 28657.98 point, so you need to be careful with your trades.

The section 28657.98-31640.22 is an important section that determines the direction.


It remains to be seen whether the CCI line can break above the -100 point and the EMA line on the CCI-RC indicator. (www.tradingview.com/x/6aLBH3Yr/)
At this time, volatility may occur, so careful trading is required.

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(BTCUSDTPERP 1D Chart)
It remains to be seen if the 31292.61-32275.63 section can find support and move up.

60 The Bollinger Bands are starting to contract.

Looking at the big picture, the section 31292.61-40136.05 is a sideways section.

We'll have to wait and see if there is any movement to break out of the consolidation that started on May 19th between July 20-24.


The section 28344.79-31292.61 is the section that determines the new direction.
Accordingly, if it touches 28344.79-31292.61 and moves up, we expect a sharp uptrend.

If it declines from the 28344.79 point, we expect a surge in the 27K range.

I think this move will be a good opportunity to show a new uptrend.

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

In particular, it remains to be seen if the price can sustain above the 33101.0 point.

The next volatility period is around July 23rd.

In the CCI-RC indicator, the CCI line is falling below the +100 point. (www.tradingview.com/x/wyXRGXDB/)
As a result, it is out of the highs section.
You should see a flow rising above the 33101.0 point.

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(BTC Dominance (BTC.D) 1D Chart)
I think it should either rise to the 47.64-48.81 section and either go sideways or find resistance at the 50.86 point.

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(USDT Dominance (USDT.D) 1D Chart)
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.

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(USDT 1D Chart)
It is still falling along the downtrend line.
We need to see support and see if we can move higher at 61.765B.

It is important that the volatility around July 21st (20-22 July) allows USDT to turn into an uptrend.

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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 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 as price and volume move.
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)

[Example of exchange chart setup]

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

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