Check whether the channel has been switched
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(BTCUSDT chart)
(1W chart)
Looking at the 1W chart, a trend line (1) is expected to be created.
Accordingly, it is necessary to check whether the existing rising channel is moving to a new channel, that is, a channel made up of trend lines (1) to (2).
Therefore, a period of volatility is expected to form around the week of August 7th.
If the price stays above the trend line (1) even when it breaks out of the existing uptrend channel, it is expected to create a new uptrend.
For BTC to revert to a downtrend, it needs to show resistance below 26574.53-27590.60.
Therefore, a significant change in the price range where it is currently located is expected to start when it breaks out of the 26574.53-35286.51 zone.
(1D chart)
On the 1D chart, a new wave is expected to start when it breaks out of the 28465.36-32259.90 area.
Therefore, when trading in the short term, you need a trading strategy to break out of the 28465.36-32259.90 range.
When trading in the mid- to long-term, you need a trading strategy when you get out of the 26574.53-35286.51 section, which is the section mentioned on the 1W chart.
It is unknown in which direction BTC will move, but if the HA-High indicator on the 1W chart is created at the point of 29003.87, it is likely to touch around 29003.87, so the movement in the HA-High indicator section of the 1D chart, which is currently in the 29762.38-30495.92 section, is likely to stop at a rebound.
For the rebound to turn into an uptrend, the price needs to hold above 30495.92 even after the volatility period around August 21st.
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As always, the critical support and resistance zones are applied in the order they are drawn on the 1M, 1W, and 1D charts.
Therefore, the support and resistance points plotted on the 1D chart take precedence over the support and resistance points plotted on the 1D chart.
And, the support and resistance points on the 1M chart take precedence over the support and resistance points on the 1W chart.
Therefore, if the 1W chart's HA-High indicator is created at 29003.87, it is highly likely to touch the 1W chart's HA-High indicator no matter how supported it is in the 1D chart's HA-High indicator section.
Therefore, it is necessary to interpret that there is a high possibility of touching around 29003.87 and think about countermeasures.
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(BTCKRW chart)
The HA-High indicator on the 1W chart is expected to form at the 38417000 point.
Also, the HA-Low indicator on the 1D chart is formed at the 38738000 point.
Therefore, the question is whether the price can hold above the 37821000-39049000 zone after the volatility period around July 25th.
If support is confirmed in the 37821000-39049000 section, it is expected to rise.
However, since the trend line (1) has been created, there is a possibility that it can act as resistance, so I think it is important to ultimately rise to around 40674000 and maintain the price.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that 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.
** 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1W chart)
Accordingly, it is necessary to check whether the existing rising channel is moving to a new channel, that is, a channel made up of trend lines (1) to (2).
Therefore, a period of volatility is expected to form around the week of August 7th.
If the price stays above the trend line (1) even when it breaks out of the existing uptrend channel, it is expected to create a new uptrend.
For BTC to revert to a downtrend, it needs to show resistance below 26574.53-27590.60.
Therefore, a significant change in the price range where it is currently located is expected to start when it breaks out of the 26574.53-35286.51 zone.
(1D chart)
On the 1D chart, a new wave is expected to start when it breaks out of the 28465.36-32259.90 area.
Therefore, when trading in the short term, you need a trading strategy to break out of the 28465.36-32259.90 range.
When trading in the mid- to long-term, you need a trading strategy when you get out of the 26574.53-35286.51 section, which is the section mentioned on the 1W chart.
It is unknown in which direction BTC will move, but if the HA-High indicator on the 1W chart is created at the point of 29003.87, it is likely to touch around 29003.87, so the movement in the HA-High indicator section of the 1D chart, which is currently in the 29762.38-30495.92 section, is likely to stop at a rebound.
For the rebound to turn into an uptrend, the price needs to hold above 30495.92 even after the volatility period around August 21st.
----------------------------------------------------
As always, the critical support and resistance zones are applied in the order they are drawn on the 1M, 1W, and 1D charts.
Therefore, the support and resistance points plotted on the 1D chart take precedence over the support and resistance points plotted on the 1D chart.
And, the support and resistance points on the 1M chart take precedence over the support and resistance points on the 1W chart.
Therefore, if the 1W chart's HA-High indicator is created at 29003.87, it is highly likely to touch the 1W chart's HA-High indicator no matter how supported it is in the 1D chart's HA-High indicator section.
Therefore, it is necessary to interpret that there is a high possibility of touching around 29003.87 and think about countermeasures.
------------------------------------------
(BTCKRW chart)
Also, the HA-Low indicator on the 1D chart is formed at the 38738000 point.
Therefore, the question is whether the price can hold above the 37821000-39049000 zone after the volatility period around July 25th.
If support is confirmed in the 37821000-39049000 section, it is expected to rise.
However, since the trend line (1) has been created, there is a possibility that it can act as resistance, so I think it is important to ultimately rise to around 40674000 and maintain the price.
------------------------------
- big picture
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:
(USDT.D chart)
The volatility period, which began around July 5th, has been more than halfway through.
We expect this period of volatility to last until around August 2nd.
In this period of volatility, the question is whether it ultimately breaks out of the 6.21-8.25 zone.
If not, it matters in which direction it deviates from the key zone of 6.85-7.27.
We expect this period of volatility to last until around August 2nd.
In this period of volatility, the question is whether it ultimately breaks out of the 6.21-8.25 zone.
If not, it matters in which direction it deviates from the key zone of 6.85-7.27.
Comment:
If DXY moves sideways below 102.034, the investment market is expected to be active.
Therefore, it will be important to see if it can meet resistance around 102.034 and break down in this DXY rise.
(BTCUSDT chart)
Whether trading futures or spot, the 28465.36-29003.87 range is an important support and resistance zone.
Therefore, it corresponds to the section to be responded to.
If it falls below 28465.36, the 26574.53-27496.02 zone is an important support and resistance zone.
Therefore, this section also corresponds to the section to be responded to.
It's better to wait to get more profit, but if you lock in your profit with the right response, you'll have a better chance of getting a bigger profit.
Therefore, it is necessary to check whether there is support or resistance in the section to be responded to, and respond appropriately.
From a mid- to long-term perspective, I think the transition to a downtrend is when it falls below the 26574.53-27496.02 section and shows resistance.
However, if it falls below 28465.36, the HA-Low indicator on the 1D chart is expected to rise and be created, so it is important that it is supported near the HA-Low indicator on the 1D chart that is expected to be created.
Therefore, it will be important to see if it can meet resistance around 102.034 and break down in this DXY rise.
(BTCUSDT chart)
Therefore, it corresponds to the section to be responded to.
If it falls below 28465.36, the 26574.53-27496.02 zone is an important support and resistance zone.
Therefore, this section also corresponds to the section to be responded to.
It's better to wait to get more profit, but if you lock in your profit with the right response, you'll have a better chance of getting a bigger profit.
Therefore, it is necessary to check whether there is support or resistance in the section to be responded to, and respond appropriately.
From a mid- to long-term perspective, I think the transition to a downtrend is when it falls below the 26574.53-27496.02 section and shows resistance.
However, if it falls below 28465.36, the HA-Low indicator on the 1D chart is expected to rise and be created, so it is important that it is supported near the HA-Low indicator on the 1D chart that is expected to be created.
Comment:
Economists and economists are also divided in opinion whether or not a recession will come in the second half of this year and whether or not a recession will come next year.
Therefore, I think it is better to observe and respond to the flow of funds in the coin market rather than paying attention to these stories and these global economic issues.
Therefore, I think it is beneficial to check the movements of the charts of USDT, USDC, USDT.D and BTC.D and pay attention to changes in the size and flow of funds.
Whether or not the global economy enters a recession, the coin market remains largely independent of actual economic activity.
However, I don't think it makes sense to apply the concept to the coin market just because of how the world economy is going.
Therefore, I think it is better to observe and respond to the flow of funds in the coin market rather than paying attention to these stories and these global economic issues.
Therefore, I think it is beneficial to check the movements of the charts of USDT, USDC, USDT.D and BTC.D and pay attention to changes in the size and flow of funds.
Whether or not the global economy enters a recession, the coin market remains largely independent of actual economic activity.
However, I don't think it makes sense to apply the concept to the coin market just because of how the world economy is going.
Comment:
In order for the coin market to show a movement similar to the global economic flow, I think USDC should show an upward trend.
If not, it is highly likely to move in decoupling with the coin market, stock market, and global economy.
Investment products made with coins have been launched on the stock market.
However, if USDC continues its downtrend, it is because it thinks that the flow of the stock market and the coin market will be decoupled due to insufficient investment in the investment product.
If not, it is highly likely to move in decoupling with the coin market, stock market, and global economy.
Investment products made with coins have been launched on the stock market.
However, if USDC continues its downtrend, it is because it thinks that the flow of the stock market and the coin market will be decoupled due to insufficient investment in the investment product.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
If not, I think there is a good chance of sideways.
Since the altcoin's uptrend is not expected to start until it drops below 47.64-48.80, the previous move is likely a shake-up.
If possible, avoid trading during these wiggle periods.
If trading is necessary, it is better to respond with day trading or short-term trading.
From a mid- to long-term point of view, buying in the shaking period corresponds to aggressive buying, so if there is a surge of 10% or more, it is recommended to increase the number of coins (tokens) corresponding to profits by selling in parts.