readCrypto

Bitcoin (BTC) - September 26

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 interval: the uptrend continues.

Above 47010.0 point: Expected to create a new wave.

40163.5-45211.0 Zone: An important support zone to continue the uptrend that started on July 21st.

27650.0-33101.0 section: An important support section to continue the uptrend that started around December 28, 2020.


(1D chart)
First support section: 42084.0-45211.0
Second support section: near point 38225.0 (37301.0-40620.5)

Resistance section: 46695.0-49518.0

It is necessary to check if there is any movement out of the support zone due to the volatility around September 25 (September 24-26).

For that to happen, the trading volume must increase.

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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.

The reason is that they are entering the coin market through USDT and USDC.


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.


It is necessary to check if the trading volume increases due to the volatility around September 26 (September 25-27).

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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 as price and volume move.
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 been released yet.
(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 through split trading. It is a short-term investment perspective.)
Comment:

[Example of exchange chart setup]

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www.tradingview.com/x/S94aDxa8

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