Bitcoin (BTC)-(Explanation of the indicator and MarketCap chart)
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-------------------------------------
(BTCUSDTPERP 1D Chart)
If the price is maintained in the 62697.4-65574.9 zone, it is expected that there will be an attempt to break through the 62697.4-65574.9 zone upwards 1-2 more times.
If breakout attempts continue to fail, a sharp drop below the 56942.5 point may occur, so trade cautiously.
However, if you look at the indicators and trends, it is currently maintaining an uptrend, so it is important to check in which section you find support.
The green color of OBV in the volume indicator is increasing, indicating a strong buying force.
If the center line of OBV rises, BTC price is expected to rise sharply.
You should see a change in the volume as the reverse could turn into a downtrend.
Looking at the wRSI_SR indicator, we see an opportunity for a short-term uptrend as the RS line moves below the 20 point.
However, when the SR line falls to the 20-50 section, you need to check whether the RS line can rise above 20 points and break through the SR line strongly upward.
This is because it is expected to show a strong upward trend in the price of BTC.
Currently, when the RS line is showing a short-term downward trend in the wRSI_SR indicator, it is important to check which section of the BTC price is supported.
It is necessary to confirm whether the rise will be supported by the 56942.5-60042.8 section or above the 60042.8 point.
In the CCI-RC indicator, the EMA line is rising above the +100 point, and the CC line is falling to the EMA line.
If the CCI line holds above the +100 point, we can say that the BTC price is in an uptrend.
Therefore, if the CCI line touches the EMA line and moves higher, the uptrend is expected to accelerate.
If the CCI line falls below the EMA line, the CCI line will fall to the -100~+100 section and enter a sideways section.
If the CCI line enters the sideways section, you need to make sure that the BTC price stays above the 56942.5 point.
If not, the 48310.2-51187.6 section can be touched and traded cautiously as there is a possibility that it will turn into a downtrend.
I write a lot of talk about the decline in BTC price and it seems to be posting that it will turn into a downtrend, but I expect it to maintain an uptrend.
When the price rises, we need a strategy to respond to a decline, and when the price falls, we need a strategy to respond to an increase.
Therefore, when the current BTC price rises and undergoes a price correction, you should once again remind yourself of your strategy to counter the decline and strive for greater returns.
The 62697.4-65574.9 interval is an important interval that determines the trend.
Therefore, several more attempts to break above this section are expected.
We anticipate a surge by big whales and institutional investors by creating fakes and whipsaws to rise to the new price point and buying additional funds that went crazy.
It is not easy to know whether this movement is to move up or down from a high point just from a price chart.
So, the charts you need are Market Cap charts.
This is because it gives an overview of how the money that enters the coin market is moving.
If the USDT chart and USDC chart maintain an upward trend, I think that it shows that the funds in the coin market remain in the coin market, and that money is continuously coming in.
I think the BTC.D chart shows the rise and fall of altcoins.
However, as the BTC dominance declines, the BTC price can often whip up.
Therefore, in this case, I believe that trading altcoins can yield greater returns than trading BTC.
As long as BTC dominance does not rise above the 48.81 point, altcoins are expected to slowly transition into an uptrend, resulting in circular pumping.
A drop below the 41.73 point is expected to lead to a big bull market for altcoins.
I think the USDT.D chart tells the coin market whether funds are being used to buy, sell, or withdraw money.
Therefore, we believe that the decline in USDT dominance is an indication that the coin market is on an upward trend.
A decline below the critical uptrend line (1) and sustain, a break below the 2.439 point is expected to lead to a bigger bull market.
However, it is risky to invest in altcoins by looking at the USDT dominance chart only because the USDT dominance chart can fall even if the BTC price alone rises.
-----------------------------------------------------
(XBTUSD 1M Chart) - Big Trend
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 expected 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.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the 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.)
** 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.
(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.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
If the price is maintained in the 62697.4-65574.9 zone, it is expected that there will be an attempt to break through the 62697.4-65574.9 zone upwards 1-2 more times.
If breakout attempts continue to fail, a sharp drop below the 56942.5 point may occur, so trade cautiously.
However, if you look at the indicators and trends, it is currently maintaining an uptrend, so it is important to check in which section you find support.
The green color of OBV in the volume indicator is increasing, indicating a strong buying force.
If the center line of OBV rises, BTC price is expected to rise sharply.
You should see a change in the volume as the reverse could turn into a downtrend.
Looking at the wRSI_SR indicator, we see an opportunity for a short-term uptrend as the RS line moves below the 20 point.
However, when the SR line falls to the 20-50 section, you need to check whether the RS line can rise above 20 points and break through the SR line strongly upward.
This is because it is expected to show a strong upward trend in the price of BTC.
Currently, when the RS line is showing a short-term downward trend in the wRSI_SR indicator, it is important to check which section of the BTC price is supported.
It is necessary to confirm whether the rise will be supported by the 56942.5-60042.8 section or above the 60042.8 point.
In the CCI-RC indicator, the EMA line is rising above the +100 point, and the CC line is falling to the EMA line.
If the CCI line holds above the +100 point, we can say that the BTC price is in an uptrend.
Therefore, if the CCI line touches the EMA line and moves higher, the uptrend is expected to accelerate.
If the CCI line falls below the EMA line, the CCI line will fall to the -100~+100 section and enter a sideways section.
If the CCI line enters the sideways section, you need to make sure that the BTC price stays above the 56942.5 point.
If not, the 48310.2-51187.6 section can be touched and traded cautiously as there is a possibility that it will turn into a downtrend.
I write a lot of talk about the decline in BTC price and it seems to be posting that it will turn into a downtrend, but I expect it to maintain an uptrend.
When the price rises, we need a strategy to respond to a decline, and when the price falls, we need a strategy to respond to an increase.
Therefore, when the current BTC price rises and undergoes a price correction, you should once again remind yourself of your strategy to counter the decline and strive for greater returns.
The 62697.4-65574.9 interval is an important interval that determines the trend.
Therefore, several more attempts to break above this section are expected.
We anticipate a surge by big whales and institutional investors by creating fakes and whipsaws to rise to the new price point and buying additional funds that went crazy.
It is not easy to know whether this movement is to move up or down from a high point just from a price chart.
So, the charts you need are Market Cap charts.
This is because it gives an overview of how the money that enters the coin market is moving.
If the USDT chart and USDC chart maintain an upward trend, I think that it shows that the funds in the coin market remain in the coin market, and that money is continuously coming in.
I think the BTC.D chart shows the rise and fall of altcoins.
However, as the BTC dominance declines, the BTC price can often whip up.
Therefore, in this case, I believe that trading altcoins can yield greater returns than trading BTC.
As long as BTC dominance does not rise above the 48.81 point, altcoins are expected to slowly transition into an uptrend, resulting in circular pumping.
A drop below the 41.73 point is expected to lead to a big bull market for altcoins.
I think the USDT.D chart tells the coin market whether funds are being used to buy, sell, or withdraw money.
Therefore, we believe that the decline in USDT dominance is an indication that the coin market is on an upward trend.
A decline below the critical uptrend line (1) and sustain, a break below the 2.439 point is expected to lead to a bigger bull market.
However, it is risky to invest in altcoins by looking at the USDT dominance chart only because the USDT dominance chart can fall even if the BTC price alone rises.
-----------------------------------------------------
(XBTUSD 1M Chart) - Big Trend
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 expected 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.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the 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.)
** 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.
(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.)
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