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Bitcoin (BTC) - September 30

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Above the 28130.0-29300.0 interval: the uptrend continues.

40100.0-41950.0 or higher: Expected to lead to a full-fledged upward trend.

Above 46930.0 point: Expected to create a new wave.


Since approximately the week of June 21, the OBV in the volume indicator has moved closer to the line.

As the width of the OBV increases, I think we can get out of the current movement.

In this sideways view, we need to keep the price above the 37253.81-40100.0 section of the A section and see if it follows the uptrend line.


(1D chart)
First support section: 41950.0-45135.66
Second support section: near point 38150.02

It is necessary to check whether there is a movement that rises above the 46930.0 point by rising from the first support section.


First resistance section: 46487.52-49266.69
Second resistance section: 54825.02-56578.21

The first resistance section is an important section that determines the trend.

So, if the price fails to maintain the price by breaking above the 50931.30 point by breaking above the first resistance zone, there is a possibility that it will move down near the 38150.02 point, the second support zone.


If trading volume does not increase, it is expected to move sideways in the 38150.02-46487.52 section.


The next volatility period is around October 12th.


As the second support section approaches, it is necessary to check whether the volume increases and leads to a sharp rise.

This will be a move to see if there are any big whales or institutional investors trying to defend the price.

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(BTCUSDTPERP 1D Chart)
First support section: 42125.51-45163.36
Second support section: near point 38200.01

If the price is maintained in the support zone even if it declines with a lot of trading volume, I think it is highly likely to turn into an uptrend.


First resistance section: 46559.44-49345.92
Second resistance section: 54918.88-56630.33

The first resistance section is an important section that determines the trend.

Therefore, a failure to break above this first resistance level is likely to lead to a move towards the second support level near the 38200.01 point.


The next volatility period is around October 14th.


It is falling from the first support section.
However, I think the trading volume is still low to see that the trading volume has increased.

As the trading volume increases by about 1.417M, it is necessary to check whether support appears in the support section.

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To confirm the movement of funds in the coin market, you need to check the movement of the charts below.
BTC Dominance (BTC.D) Chart
USDT Dominance (USDT.D) Chart
USDT Chart
USDC Chart

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(XBTUSD 1M Chart) - Big Trend
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.)

[Example of exchange chart setup]

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

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