Bitcoin (BTC) - July 23
Updated
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(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
Second support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.
Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.
- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the Stoch RSI indicator enters the overbought zone, it is expected that the RSI indicator will break out of the oversold zone.
- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.
So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.
(1D chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
If the resistance section is divided in detail, it can be divided into a section 23733.48-25389.99 and a section 27033.35-29812.52.
These sections refer to the section where the diagonal Fibonacci line and the horizontal Fibonacci line pass.
Therefore, the entire section 23733.48-29812.52 becomes the resistance section.
The support zone is the same as mentioned in the description of the 1W chart.
- The RSI indicator is located in the overbought zone.
- The Stoch RSI indicator is falling in the overbought zone.
- In the CCI-C indicator, the CCI line is maintaining above the EMA line and the -100 point.
So, finding support near 22487.41 could lead to further upside.
However, as the Stoch RSI indicator is falling in the overbought zone, the extent of fluctuation is expected to be determined depending on whether it can be supported near 22487.41.
When the Stoch RSI falls below 50, the key is to find support above 21475.02.
Therefore, what is important in the current position is whether it can be supported and climbed in the 21475.02-22487.41 section.
I have a sense of telling you in advance, but the section 27033.35-29812.52 is the section that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
Therefore, Stop Loss is required if it falls in the section 27033.35-29812.52 and receives resistance at 26574.53.
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(USDT + USDC 1D Chart)
You can see that new funds have flowed into the coin market.
(1W chart)
However, we believe that there is a possibility that the coin market will turn to an uptrend when the USDT chart still rises above 68.468B.
------------------------------------------------------------ -----------
(US 100 CFD (Nasdaq) 1D Futures Chart)
The 12212.6-12932.3 zone is an important support and resistance zone.
In particular, the 12374.1 point is the point on the 1W chart where an uptrend is likely to begin.
Therefore, if support is found near the 12374.1 area and rises, an attempt to break above the 12932.3 area is expected.
The days when the BTC chart and the Nasdaq futures chart are decoupled are increasing.
Therefore, it is highly likely that the coin market will show a different trend than the stock market.
Those who invest in the coin market by referring to the flow of the stock market, please invest with this in mind.
------------------------------------------------------------ -------------------------------------------
** 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-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
Second support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.
Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.
- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the Stoch RSI indicator enters the overbought zone, it is expected that the RSI indicator will break out of the oversold zone.
- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.
So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.
(1D chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
If the resistance section is divided in detail, it can be divided into a section 23733.48-25389.99 and a section 27033.35-29812.52.
These sections refer to the section where the diagonal Fibonacci line and the horizontal Fibonacci line pass.
Therefore, the entire section 23733.48-29812.52 becomes the resistance section.
The support zone is the same as mentioned in the description of the 1W chart.
- The RSI indicator is located in the overbought zone.
- The Stoch RSI indicator is falling in the overbought zone.
- In the CCI-C indicator, the CCI line is maintaining above the EMA line and the -100 point.
So, finding support near 22487.41 could lead to further upside.
However, as the Stoch RSI indicator is falling in the overbought zone, the extent of fluctuation is expected to be determined depending on whether it can be supported near 22487.41.
When the Stoch RSI falls below 50, the key is to find support above 21475.02.
Therefore, what is important in the current position is whether it can be supported and climbed in the 21475.02-22487.41 section.
I have a sense of telling you in advance, but the section 27033.35-29812.52 is the section that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
Therefore, Stop Loss is required if it falls in the section 27033.35-29812.52 and receives resistance at 26574.53.
------------------------------------------
(USDT + USDC 1D Chart)
You can see that new funds have flowed into the coin market.
(1W chart)
However, we believe that there is a possibility that the coin market will turn to an uptrend when the USDT chart still rises above 68.468B.
------------------------------------------------------------ -----------
(US 100 CFD (Nasdaq) 1D Futures Chart)
The 12212.6-12932.3 zone is an important support and resistance zone.
In particular, the 12374.1 point is the point on the 1W chart where an uptrend is likely to begin.
Therefore, if support is found near the 12374.1 area and rises, an attempt to break above the 12932.3 area is expected.
The days when the BTC chart and the Nasdaq futures chart are decoupled are increasing.
Therefore, it is highly likely that the coin market will show a different trend than the stock market.
Those who invest in the coin market by referring to the flow of the stock market, please invest with this in mind.
------------------------------------------------------------ -------------------------------------------
** 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-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)
---------------------------------
Note
The RSI shown in the price chart was calculated as the typical Close.
The RSI shown in the Long/Short-S indicator was calculated as Heikin Ashi's Close.
Therefore, there is a slight difference between the oversold zone and the oversold zone.
By using the RSI indicator, you can detect a reversal of a trend in advance and have time to react.
However, I think that the RSI indicator shown in the Long/Short-S indicator tends to be displayed in more detail than the RSI indicator shown in the price chart.
In that sense, the RSI indicator is indicated in the Long/Short-S indicator.
It's not a common method, so check it every day and hope it helps you with your trading.
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