Bitcoin (BTC) - July 9
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(BTCUSDTPERP 1D Chart)
Since the Stochastic RSI index has entered the overbuying section, you should check the position when it falls in the overbuying section.
If supported and raised at 21481.1-22471.5, it is expected to lead to further gains.
However, it is necessary to check if there are any deviations within the box section drawn on the chart.
The next volatility period is around July 16.
The vicinity of 21481.1 is the midpoint of the transverse section (15908.2-21481.1).
So, in order to continue the upward trend around 21481.1, you need a long horizontal swing up and down.
Therefore, there is a high possibility of psychological distress if the price rises without any countermeasures.
Therefore, it is recommended to make a transaction to increase profits or holdings by checking the supported sections when prices fall and then buying them and selling them when prices rise.
The current position is advantageous to buy from a mid- to long-term perspective.
This is because the position corresponds to the previous high point.
Therefore, it is better to leave revenue as a holding quantity than to proceed with short-term transactions and earn cash.
In order to start a full-fledged upward trend, it must rise above 29840.6.
1. Rising BTC prices, rising BTC.D, falling USD.D
- This is what happens when the BTC starts to take the lead in rising.
- So, most of the altcoins are either sideways or downward because the money is concentrated in the BTC.
- At this point, if the BTC price shows a slight swing in a section, the Altcoin is on the rise.
- In order for Altcoin to start rising, BTC price trends, BTC.D declines, and USDT.D declines must be indicated.
Section 12212.6-12932.3 on the US 100 CFD (Nasdaq) Futures Chart is an important support and resistance interval.
Therefore, it is important whether it can be raised by breaking the 12212.6-12932.3 section upward.
If it falls below 11371.9, it is expected to fall below 10472.7.
Institutional investors in the stock market are showing signs of being affected by the stock market as they enter the coin market.
However, when the coin market rises, it is expected to be decoupled with the stock market.
(1h chart)
** A short-term response is recommended, as sharp movements are likely to occur in the 1h chart.
an important point
- 22471.5
- 21481.1
- 20109.9-20564.2
- 18741.7
It is expected to indicate movement depending on whether it is supported or resisted at the critical points above.
However, the key is whether it can rise along the short-term upward trend line.
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** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.
(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)
---------------------------------
Nice to meet you, traders.
Follow us and you'll always get new information quickly.
Please click "Like".
Have a great day today.
-------------------------------------
(BTCUSDTPERP 1D Chart)
If supported and raised at 21481.1-22471.5, it is expected to lead to further gains.
However, it is necessary to check if there are any deviations within the box section drawn on the chart.
The next volatility period is around July 16.
The vicinity of 21481.1 is the midpoint of the transverse section (15908.2-21481.1).
So, in order to continue the upward trend around 21481.1, you need a long horizontal swing up and down.
Therefore, there is a high possibility of psychological distress if the price rises without any countermeasures.
Therefore, it is recommended to make a transaction to increase profits or holdings by checking the supported sections when prices fall and then buying them and selling them when prices rise.
The current position is advantageous to buy from a mid- to long-term perspective.
This is because the position corresponds to the previous high point.
Therefore, it is better to leave revenue as a holding quantity than to proceed with short-term transactions and earn cash.
In order to start a full-fledged upward trend, it must rise above 29840.6.
1. Rising BTC prices, rising BTC.D, falling USD.D
- This is what happens when the BTC starts to take the lead in rising.
- So, most of the altcoins are either sideways or downward because the money is concentrated in the BTC.
- At this point, if the BTC price shows a slight swing in a section, the Altcoin is on the rise.
- In order for Altcoin to start rising, BTC price trends, BTC.D declines, and USDT.D declines must be indicated.
Section 12212.6-12932.3 on the US 100 CFD (Nasdaq) Futures Chart is an important support and resistance interval.
Therefore, it is important whether it can be raised by breaking the 12212.6-12932.3 section upward.
If it falls below 11371.9, it is expected to fall below 10472.7.
Institutional investors in the stock market are showing signs of being affected by the stock market as they enter the coin market.
However, when the coin market rises, it is expected to be decoupled with the stock market.
(1h chart)
** A short-term response is recommended, as sharp movements are likely to occur in the 1h chart.
an important point
- 22471.5
- 21481.1
- 20109.9-20564.2
- 18741.7
It is expected to indicate movement depending on whether it is supported or resisted at the critical points above.
However, the key is whether it can rise along the short-term upward trend line.
---------------------------------------------------------------------------------------------
** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.
(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)
---------------------------------
Comment:
(USDT 1D Chart)
A gap drop occurred.
The drop in the gap in USDT means that funds have been withdrawn from the coin market.
The drop in the gap in USDT means that funds have been withdrawn from the coin market.
Comment:
(USDC 1D Chart)
Although it is less than the drop in the USDT chart, a gap rise occurred in the USDC chart.
The rise in the gap means that funds have come into the coin market.
The movement of MarketCap related charts, such as USDT, USDC, and dominion charts, can usually change for 1 to 3 days.
This seems to be caused by time differences in aggregating all data.
Therefore, rather than predicting a change in the MarketCap chart, it is recommended to check the movement at the support and resistance points (intervals) in the price chart of the coin (token) before responding.
Checking the MarketCap charts gives you time to check your response strategy.
The rise in the gap means that funds have come into the coin market.
The movement of MarketCap related charts, such as USDT, USDC, and dominion charts, can usually change for 1 to 3 days.
This seems to be caused by time differences in aggregating all data.
Therefore, rather than predicting a change in the MarketCap chart, it is recommended to check the movement at the support and resistance points (intervals) in the price chart of the coin (token) before responding.
Checking the MarketCap charts gives you time to check your response strategy.
Comment:
It seems that funds tend to move from USDT to USDC due to previous Stablecoin issues.
This is because the gap drop in USDT is often caused by a gap rise in USDC.
However, it should be considered that funds are being withdrawn from the coin market as a whole because less funds are deposited due to the rise in the gap in the USDC than funds withdrawn due to the drop in the gap in the USDT.
Comparing the flow of the USDT and USDC charts with the movement of the BTC price charts shows that the movement of funds in the USDT and USDC chars occurred before the movement of the BTC price charts.
Therefore, the transaction should be carried out from a short-term perspective because it can be interpreted as a situation in which the current movement of funds is being withdrawn from the coin market.
I don't think it's too late to start the full-fledged purchase from a mid- to long-term perspective after the big gap between the USDT and USDC charts.
However, both the USDT and USDC charts are not on a downward trend, so the coin market should be considered mixed.
Due to the continued rise of USDC, the coin market is expected to be dominated by USDC funds in the future.
USDC is likely to be funded by institutional investors on the U.S.
This is expected to be more affected by U.S. cryptographic assets policies and index charts favored by institutional investors.
This is because the gap drop in USDT is often caused by a gap rise in USDC.
However, it should be considered that funds are being withdrawn from the coin market as a whole because less funds are deposited due to the rise in the gap in the USDC than funds withdrawn due to the drop in the gap in the USDT.
Comparing the flow of the USDT and USDC charts with the movement of the BTC price charts shows that the movement of funds in the USDT and USDC chars occurred before the movement of the BTC price charts.
Therefore, the transaction should be carried out from a short-term perspective because it can be interpreted as a situation in which the current movement of funds is being withdrawn from the coin market.
I don't think it's too late to start the full-fledged purchase from a mid- to long-term perspective after the big gap between the USDT and USDC charts.
However, both the USDT and USDC charts are not on a downward trend, so the coin market should be considered mixed.
Due to the continued rise of USDC, the coin market is expected to be dominated by USDC funds in the future.
USDC is likely to be funded by institutional investors on the U.S.
This is expected to be more affected by U.S. cryptographic assets policies and index charts favored by institutional investors.
[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/
You can also predict the turn of the trend by touching the top and bottom of the band.
Bollinger bands are used to detect trends, i.e. changes in price movements, so you cannot leverage the Bollinger band itself to proceed with the transaction.
This is because support and resistance points cannot be set.
Bolinger bands with a set value of 20 can be used to identify short- and medium-term trends.
Bolinger bands with a set value of 60 can be used to check mid- to long-term trends.
Therefore, it is recommended to use at least two Bolinger bands if you want to predict the trend by using Bolinger bands.