readCrypto

Bitcoin (BTC) - July 21 (volatility period)

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BITMEX:XBTUSD.P   Bitcoin
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Volatility may occur around July 22 (July 21 to 23).

Movements are expected to fall from the downtrend line (1) to 9544.5.

We need to look at the short-term support and resistance points of the 9161~9185 section and see if the volume of movement can continue to increase.

As the volume decreases, only the price can move a lot. This is likely to be a fake, so I think careful trading is necessary.

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(Binance BTCUSDTPERP 1D chart)
You need to make sure you can climb above 9204.
If it goes down, you need to make sure you can get support at point 9055.07.
The maximum fluctuation range is 8837~9866.88, and if it is out of this range, it will create a new wave.

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(Bitstamp BTCUSD 1D chart)
The maximum fluctuation range is 8820~9834.11, and if it deviates from this range, it will create a new wave.

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(Bithumb BTCKRW 1D chart)
It is possible that the movement will come out of the downward trend line.

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(OKEX BTCUSDTPERP 1D chart)

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** Check 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 profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Comment:
(USDT Dominance 1D Chart)
After falling to the uptrend line (2), it is rising strongly.
If it rises above the 3.48 point and is not supported, it will likely fall back below the uptrend line (2).
On the USDT Dominance Chart, volatility may start around July 23rd (July 22-24).

(BTC Dominance 1D Chart)
On the BTC Dominance Chart, volatility may occur around July 22 (July 21-23).
We believe that careful trading is necessary during this period of volatility.

[Example of exchange chart setup]

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

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

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