BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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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.

Above the 47010.0 point, it is expected to create a new wave if the price is maintained as a high point.

Looking at the 1W chart, the large resistance section is near the 58464.0 point.
It is important to find support between the 47010.0-50876.0 range as it declines in order to break above this resistance level .

Therefore, there is a possibility that it may go sideways in the section 4701.0-58464.0.
If this consolidation continues, will the movement follow the uptrend line?

A decline in BTC dominance is likely to lead to a bull market for altcoins.
However, large whipsaws that exhibit a lot of volatility can occur frequently when trading BTC .

In order to respond to this whip saw, it is necessary to set a support and resistance section from a wide perspective.

To this end, I think the 1W chart is a good chart to see the overall trend of the chart and to set support and resistance sections from a wide perspective.

(1D chart)
The section 46695.0-49518.0 is the section that determines the direction.
As it rose from the 46695.0-49518.0 section and rose above the 50876.0 point, the uptrend is expected to accelerate.

Whipsaw can occur frequently due to large volatility between 55164.5-60811.0, so you need to think about how to respond.

To move above the 55164.5 point, we need to see if we can sustain the price above the 50876.0 point.

If it goes down, you should check to see if it finds support at the 46695.0-49518.0 zone.

Since the price is currently maintaining the high highs, I think that selling 100% in these lows means ending the trade.

Selling 100% and then re-entering the trade is going to take a lot of risk.
Therefore, we need to rethink how we trade.


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

If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.

If it rises above the 46930.0 point, it will enter the high point section.
If the price holds above the 46930.0 point, it is expected to create a new wave.


I need to see if I can keep the price above the 49345.92 point.

1st resistance section when ascending: 54918.88-56630.33

Section where you need to check if it is supported during a downtrend: 46559.44-49345.92

The center line of OBV on the volume indicator is falling and is almost lined up.

I think this is a phenomenon that occurs as the selling price decreases in anticipation of an uptrend. (It's a good move.)

Such a move cannot lead to a big rise.
So, sooner or later we will reach a resistance zone .
At this time, you need to check where the support section is.

Around September 7 (September 6-8), the uptrend line and the downtrend line (1) cross.
You should hold the price above the downtrend line (1) and see if it is moving along the uptrend line.

In the CCI-RC indicator, the EMA line is rising above the zero point.
The CCI line is expected to touch the +100 point soon.
At this time, you need to check if there is an increase in trading volume along with the volatility that occurs.

The OBV description on the volume indicator indicates that the point of reaching the resistance zone is approaching.


( BTC Dominance ( BTC .D) 1D Chart)
If it rises above the 48.81-50.86 section, I think it is highly likely that the coin market has turned into a downtrend.

If the price goes below the downtrend line (1), a large whip-saw can occur frequently, so trade cautiously.

If you touch the 38.95-40.02 section, there is a possibility of a whipsaw, so you need to trade carefully.


(USDT Dominance (USDT.D) 1D Chart)
It remains to be seen if the altcoin bull market can be in full swing by dropping below the 3.009 point.

The volatility around September 9 (September 8-10) should see if there can be a move below the uptrend line (1) as it falls below the 2.670 point.


I think the USDT chart and USDC chart are charts that give you a brief overview of the amount of money that has entered the coin market.

Thus, the rise of the USDT chart and the USDC chart is a quick reminder that the size of funds in the coin market is increasing.

(USDT 1W chart)

( USDC 1W chart)


( XBTUSD 1M Chart)
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 estimated 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.


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 with the movement of price and volume .
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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 to make a profit 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)
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