Bitcoin (BTC) - September 13
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(BTCUSDTPERP 1D Chart)
The section 22751.0-23937.1 is the section where the HA-High indicator passes.
Therefore, if support is found in the 22751.0-23937.1 section, it is expected to lead to further upside.
For that reason, it is important to maintain the price above the 20794.4-21826.1 section.
Since the volume profile section is formed at the 24294.1 point, it is necessary to check whether it can rise above 24294.1.
- In the section 21481-21826.1 or higher, the main position is 'LONG'.
- The RSI, Stoch RSI, and CCI(9) indicators are all in the overbought zone.
So, when you break out of an overbought zone, you need to check where you find support and resistance.
Entering an overbought or oversold zone does not mean that it does not rise or fall, but it should be interpreted as meaning that it may be constrained.
Therefore, when entering the overbought zone, if you see resistance at the support and resistance points, you need to sell in installments to confirm your profit.
Conversely, when it enters the oversold zone and shows support, it proceeds to buy in installments.
However, since you do not know how far it will fall, you should buy it with a low investment weight.
- Accordingly, it is necessary to adjust the investment weight as there is a possibility that it will face resistance at any time and decline.
Summarizing the above, in order to take the main position as 'SHORT', it is necessary to check at which point support or resistance is found when out of the overbought zone before entering.
- Also, if the price is maintained above the HA-High index, it is highly likely that the uptrend will continue.
Therefore, if the price continues to rise above the 22751.0-23937.1 section, it is expected to rise to around 27054.1.
The next volatility period is around October 6th.
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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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)
The section 22751.0-23937.1 is the section where the HA-High indicator passes.
Therefore, if support is found in the 22751.0-23937.1 section, it is expected to lead to further upside.
For that reason, it is important to maintain the price above the 20794.4-21826.1 section.
Since the volume profile section is formed at the 24294.1 point, it is necessary to check whether it can rise above 24294.1.
- In the section 21481-21826.1 or higher, the main position is 'LONG'.
- The RSI, Stoch RSI, and CCI(9) indicators are all in the overbought zone.
So, when you break out of an overbought zone, you need to check where you find support and resistance.
Entering an overbought or oversold zone does not mean that it does not rise or fall, but it should be interpreted as meaning that it may be constrained.
Therefore, when entering the overbought zone, if you see resistance at the support and resistance points, you need to sell in installments to confirm your profit.
Conversely, when it enters the oversold zone and shows support, it proceeds to buy in installments.
However, since you do not know how far it will fall, you should buy it with a low investment weight.
- Accordingly, it is necessary to adjust the investment weight as there is a possibility that it will face resistance at any time and decline.
Summarizing the above, in order to take the main position as 'SHORT', it is necessary to check at which point support or resistance is found when out of the overbought zone before entering.
- Also, if the price is maintained above the HA-High index, it is highly likely that the uptrend will continue.
Therefore, if the price continues to rise above the 22751.0-23937.1 section, it is expected to rise to around 27054.1.
The next volatility period is around October 6th.
------------------------------
- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -----------------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
As people who have launched investment products and made investments in the stock market enter the coin market, they are trying to analyze the coin market like the stock market.
The movement of the coin market is greatly influenced by the movement of the BTC price.
There are many channels that say that this movement of BTC is influenced by the index charts of the stock market and the global economy, but in fact, there is no basis for that statement.
Therefore, I think it is unreasonable to relate the announcement of the US economic indicators to the flow of the coin market.
Since the chart flow itself was in the overbought zone with the highs, there was always a possibility of a decline.
21481.1-21826.1 Section: Search Section
Section 20794.4-21481.1: Section with a high probability of occurrence of whipsaw
20794.4 and below: Main position 'SHORT'