readCrypto

Bitcoin (BTC) - July 26

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

We need to see if it can move above the 35028.0 point and turn into a short-term uptrend.


(1D chart)
It remains to be seen if the price can sustain above the 33101.0-35028.0 section.

If it moves higher than the 35028.0 point, it is expected to turn into an uptrend.
However, an upward trend can be confirmed only when it rises above the M-Signal of the 1W chart.

We need to see if we can continue the uptrend by moving up to the 38225.0-46695.0 section.

If it goes down, you should check to see if it finds support at the 32290.5-33101.0 max.


We will have to wait and see if we see an increase in the green color of OBV on the volume indicator.

On the wRSI_SR indicator, the RS line rose over 80 points.
It remains to be seen if the SR line can sustain its short-term uptrend until it moves above the 80 point.

The CCI-RC indicator shows that the CCI line has successfully crossed the EMA line upwards. (www.tradingview.com/x/cVRGsFOh/)
It remains to be seen whether the uptrend can continue.

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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.

In particular, it remains to be seen if it can move above the 35045.0 point and turn into a short-term uptrend.

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(BTCUSDTPERP 1D Chart)
We will have to wait and see if we can break through the 33999.52-35746.28 section upwards.
In particular, we need to see if we can get out of the 60SMA.

If it goes down, you should check to see if it finds support at the maximum of 32275.63-33999.52.

It remains to be seen if the center line rises as the green of the OBV on the volume indicator increases.

It must rise above the 33999.52-35746.28 section to switch to an uptrend.

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(BTCKRW 1W chart)
If the price is maintained above the 31662000-35545000 range, it is expected that the uptrend will continue.

In particular, it remains to be seen if the price can sustain above the 39331000-40674000 range.

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(BTC Dominance (BTC.D) 1D Chart)
You should touch the 47.64-48.81 section or up to the 50.86 point and see if you can drop.


A decline in BTC dominance is likely to lead to a rise in the price of altcoins.

Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.


It remains to be seen whether the BTC dominance will rise due to the leading rise in the BTC price to meet the conditions of the bull market.

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(USDT Dominance (USDT.D) 1D Chart)
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.

It remains to be seen if the USDT dominance can move below the downtrend line (2).

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(USDT 1D Chart)
I think the rising gap in USDT shows that money is coming into the coin market.

Conversely, a fall in the gap indicates that money is leaving the coin market.


It was the first large gap increase since June 23rd.
As the gap continues to rise in the future, it is expected that it will create a new uptrend.


The USDC 1D chart (www.tradingview.com/x/oje63xi3/) maintains an upward trend.

However, since a large gap has occurred this time, we will have to wait and see how the ETH dominance changes.

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(ETH Dominance (ETH.D) 1D Chart)
A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.

It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.


It remains to be seen if we can break above the two downtrend lines upwards.

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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 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 with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of 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.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in 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 section where you can buy for profit creation as a support point or section

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Comment:
A strange symptom has occurred.
We'll have to wait and see what changes will come.

(USDT 1D Chart)

(USDC 1D Chart)
Comment:
(XBTUSD 1W Chart)
The Heikin Ashi body turned from a downtrend to an uptrend, turning into a short-term uptrend.

To confirm this short-term uptrend as an uptrend, the price must remain above the MS-Signal indicator.
Therefore, if the price holds above the 37265.0 point, it is expected to confirm the uptrend.

A move above the 40620.5 point is expected to accelerate the uptrend.

It is expected that the size of the bull market will be seen to some extent depending on how and with what volume it breaks above the 45211.0 point.
Comment:
(BTC Dominance (BTC.D) 1D Chart)
A rise in BTC dominance is emerging, showing that BTC is taking the lead.

You can touch up to 50.86 points near the point.

At this time, altcoins that cannot keep up with the rise in BTC price are expected to rise in the next uptrend as a latecomer, so it is advisable to prepare for this.

The bull market in the coin market mostly rises by circular pumping, so if the coins you have are not rising, it is better to find a way to increase the holding quantity while lowering the average unit price with an appropriate transaction rather than changing to another coin.
Comment:
(BTCUSDTPERP 1D chart)

[Example of exchange chart setup]

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

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

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