Bitcoin (BTC) – August 29 for BINANCE: BTCUSDT by ReadCrypto
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( BTCUSDT Chart 1W)
If the price is held above the 28130.0-29300.0 range, the uptrend is expected to continue.
If the price is held above the 40100.0-41950.0 range, it should lead to a full-blown uptrend.
If it exceeds point 46930.0, it will enter the high point section.
If the price holds above the 46930.0 point, it should create a new wave.
It is an important article which determines the orientation of article 46487.52-49266.69.
46487.52-49266.69 It is necessary to check whether there is movement out of the section.
1st section of resistance to climb: 54825.03-56578.21
1st section of support in case of decline: 43916.35-46930.00
( BTCUSDTPERP Chart 1D)
Article 46559.44-49345.92 is the article which determines the direction.
It is necessary to check if there is movement out of section 46559.44-49345.92 due to thebetween August 19 and 29.
1st section of resistance to ascent: 54918.88-56630.33
1st fall support section: 43945.50-46837.06
( XBTUSD Chart 1W)
If the price is held above the 27650.0-29350.0 range, the uptrend is expected to continue.
Above the 47010.0 point it should create a new wave if the price is held high.
( BTC Domination ( BTC .D) Chart 1D)
We have to see if we can get below point 43.17.
If it breaks the 48.81-50.86 section, I think the coin market is very likely to be in a downtrend.
(USDT Dominance 1D Chart (USDT.D))
It remains to be seen if the altcoin bull market can be in full swing by dropping below the 3.009 point.
(USDT 1D Chart)
We present to you a new type of chart.
A rise above 62.904 billion is expected to trigger a new trend in the coins market.
Looking at the USDC Chart 1W (https://www.tradingview.com/x/83wP28kc/), we should see if there is an uptrend along the uptrend line.
(ETH Dominance 1D Chart (ETH.D))
We need to see if there is any movement to rise above the downtrend line (1).
In particular, we need to see support at point 18.13 and see if it increases.
( XBTUSD Chart 1M)
All patterns and waves can be known when completed, so it is better to complete a trade that matches your average unit price rather than a trade based on a prediction.
Looking at the big picture, I think there are 4-5 waves.
Depending on how you interpret Section A, the wave may be different.
Likewise, you need to be more careful in your trading, as coins that have not yet been created may have the same flow as section A.
The expected climb section is close to section 80574.0-83397.0.
This is an expected value taking into account the fluctuation range which went from the 1st section to the 2nd section.
There are two large resistance zones for moving to the expected zone.
The two major resistance sections are section a and section b.
If it fails to get through section A to the top, I think it may represent the same flow as section A.
We recommend that you negotiate with your average unit price.
This is because if the price is lower than your average unit price, whether in an uptrend or a downtrend, there is a high possibility that you may not be able to get a big profit due to the psychological burden.
The focus of all transactions begins with the average unit price at which you start to trade.
If you ignore this, you may be negotiating in the wrong direction.
It is therefore important to find a way to lower the average unit price and adjust the proportion of the investment, eventually allowing the funds corresponding to the profits to regenerate.
** All indicators are lagging indicators.
Therefore, it is important to know that the indicator moves accordingly with the movement of the price and.
However, for the sake of convenience, we are talking backwards for the interpretation of the indicator.
** The wRSI_SR flag is a flag created by adding parameters and options to theindicator.
Therefore, the interpretation is the same as the traditionalindicator. (line K, D -> line R, S)
** The OBV indicator has been recreated by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thank you for that.)
** 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 investment profit or loss.
Explanation of abbreviations displayed in the graphic
A: A point or section of resistance that needs a response to preserve profits.
SL: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(It can be said that the short term Stop Loss is a point where profits and losses can be preserved or additional entry can be made through fractional trading. This is a short investment prospect. term.)
GAP refers to the price difference that occurred when the stock market,, and the BAKKT exchanges were closed because they are not traded 24 hours a day.
G1: Closing price at the close
G2: Opening price
(Example) Deviation (G1-G2)