readCrypto

Bitcoin (BTC) - September 6 (A new move begins!)

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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(1D chart-Fibonacci retracement percentage point display)
We will check the situation by comparing it to the point indicated due to the Fibonacci retracement rate.


It is about to decline at 10088.5.
We have to see if we can get support in the 10088.5-10300.0 range.

If you move down from 10088.5, you need to see if the next point can be supported at 9701.5 (Fibonacci 9654.5).

The Fibonacci 9654.5-10318.0 section can cause rebound and reversal, and can be said to be the section where support and resistance intersect.
If we get support in this segment, we expect to have a chance to rebound again.

If he fails to support, he is likely to touch Fibonacci 8327.5 points or less.

It can be said that there is a high probability of being supported in the 8346.5-5846.0 section or 7783.0-7997.5 section.


September 5, which I mentioned in the previous post, is coming to an end.
A new market is about to be formed with a new trend.

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(USDT Dominance 1D Chart)
It is on the rise after the gap has risen on August 31.
(If the USDT dominance rises, I think it means that money is being pulled out of the coin market. That is, you can say that you are selling coins.)

It is expected to rise to the point of 5.003, the point that was created as an anomaly that occurred when the gap rose.
After touching the 5.003 point, we have to see what the flow will look like.

There is a lot of money in the coin market. It is expected that this will create a new wave as the prices of the coins fall before they are used.
(Capitalists who put their money into the coin market have a great opportunity to buy at a cheap price.)

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(BTC Dominance 1D Chart)
It is expected to fill the gap between 60.0-60.56.
We need to see if we can get resistance at the downtrend line (1) and move down.

If it breaks through the downtrend line (1) and rises and touches the 63.380 point, most of the coin market is expected to be in a downtrend.

After touching the downtrend line (3), there is a possibility that it will face resistance and fall again.
If this happens, as I mentioned before, the period of decline is expected to be short.
I think this period is about 1-2 months.
Then, the final fireworks show of the year is expected to begin, and up to next January.

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** 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.)
Comment:
(USDT Dominance 1h Chart)
After the gap rises, there is a movement that could slow the rise.
You'll have to see if it can be down to the 4.601 point or less after the time shown on the chart.
If you climb above the 4.601 point, it is expected to touch the 5.003 point.

[Example of exchange chart setup]

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

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