readCrypto

Bitcoin (BTC) - Sep 16 (1h)

BITMEX:XBTUSD.P   Bitcoin
Hello?
Dear traders, nice to meet you.

"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.

-------------------------------------------------- -----

You should check to see if it has risen above 10968.0 points by around September 20th.

If you are supported and sideways at 10591.5, you are expected to rise above 11516.5 points above the uptrend line (4).

(1W chart)

---------------------------------------

(USDT Dominance 1D Chart)
It remains to be seen if it could fall below the 4.468 point around September 17th.
It is sideways in a certain section so that it is not easy to predict the rise and fall.
We'll see if we can get off the 4.468-4.613 section.

----------------------------------------

(BTC Dominance 1D Chart)
After falling below the downtrend line (2), it is rising again near the uptrend line (1).
You need to see if you can get resistance at the downtrend line (1) and move down.

----------------------------------------------

(USDT 1D chart)
New funds continue to flow into the coin market.
I think people and companies that run a lot of capital are still putting their money into the coin market.
Even if the coin market declines in the short or long term at the present time, the overall trend is expected to continue to rise.
Accordingly, we believe that the decline will bring new opportunities, but it is not expected to fall that easily.

This is because if you look at the USDT chart, it continues to gap and rise.

I think it is important to observe the flow of funds.

-------------------------------------------------- -------------------------------------------

** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.