Bitcoin (BTC) - July 30
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(BTCUSDTPERP 1D Chart)
After breaking above the 60 SMA line, there has been no confirmation of support yet.
So, you need to make sure you keep the price above 22751.0.
To determine a position, you must first check whether the 1D chart is up or down.
Otherwise, there is a possibility that the entry will be in the opposite direction.
- In order to enter the 'Long' position, it is advantageous to enter when it is oversold,
- To enter the 'Short' position, it is advantageous to enter the overbought period.
In the Long/Short-S indicator, the oversold and overbought sections of the RSI are expressed as a background color.
In the CCI-C indicator, when the short-term CCI line is below -100 and above +100, oversold and overbought sections are expressed as background colors.
( 1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
You need to make sure it is supported in the section 23437.6-23772.9.
- If the HA-High indicator creates a long horizontal line, it is more likely to decline,
- If the HA-Low indicator creates a long horizontal line, it is more likely to rise.
Therefore, the current state is more likely to rise.
However, it is expected that it will lead to further upside only when support is confirmed above 23955.5.
Otherwise, we expect volatility to occur when the 60 SMA line rises and crosses.
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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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
So, you need to make sure you keep the price above 22751.0.
To determine a position, you must first check whether the 1D chart is up or down.
Otherwise, there is a possibility that the entry will be in the opposite direction.
- In order to enter the 'Long' position, it is advantageous to enter when it is oversold,
- To enter the 'Short' position, it is advantageous to enter the overbought period.
In the Long/Short-S indicator, the oversold and overbought sections of the RSI are expressed as a background color.
In the CCI-C indicator, when the short-term CCI line is below -100 and above +100, oversold and overbought sections are expressed as background colors.
( 1h chart)
You need to make sure it is supported in the section 23437.6-23772.9.
- If the HA-High indicator creates a long horizontal line, it is more likely to decline,
- If the HA-Low indicator creates a long horizontal line, it is more likely to rise.
Therefore, the current state is more likely to rise.
However, it is expected that it will lead to further upside only when support is confirmed above 23955.5.
Otherwise, we expect volatility to occur when the 60 SMA line rises and crosses.
------------------------------------------------------------ -------------------------------------------
** 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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)
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Comment:
When trading in the furtures market, I think it's better to enter when you see a move out of a consolidation zone.
This is because if you enter when the sideways cross section is short as it is now, the time-efficiency is low.
The possibility of volatility in the near future is increasing as the 60 SMA line rises and the CCI line falls below the +100 point.
Therefore, it is advisable to check and wait for support and resistance points.
This is because if you enter when the sideways cross section is short as it is now, the time-efficiency is low.
The possibility of volatility in the near future is increasing as the 60 SMA line rises and the CCI line falls below the +100 point.
Therefore, it is advisable to check and wait for support and resistance points.
[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/
Therefore, in order to continue the uptrend, it should be confirmed that it is supported by rising above 23896.9.
It is expected that the 60SMA line will rise to the section 23437.6-23772.9 and cross between Joma.
So, if it does not find support above 23437.6, it is likely to move towards the 22751.0 area.
In the CCI-C indicator, the CCI line is falling below the +100 point.
If the CCI line crosses the EMA line, there should be a strong rebound and move above 23896.9.
Although the Stoch RSI indicator declined in the overbought zone, it can be seen that the RSI indicator is not in the overbought zone and therefore has weak power.
Therefore, when the Stoch RSI indicator declines and enters the oversold section, it is necessary to check at which point support and resistance are received.
The 1h chart is highly volatile as it should be viewed in the short term.
Therefore, it should be used for short trades.
(1D chart)
As the Stoch RSI indicator is currently in the overbought zone, it is highly likely that it will decline in the near future.
Therefore, in order to lead to further uptrend, the Stoch RSI should remain in the overbought zone and the RSI should enter the overbought zone.
When the MS-Signal indicator rises above 22751.0, it is highly likely that support will be confirmed again, so I think it is good to keep an eye on the situation.