Bitcoin (BTC) - July 27
Updated
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(BTCUSDT 1D Chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
The July 24-26 volatility led to a move outside the 21475.02-23733.48 zone.
Therefore, the key is whether it can find support near 20573.89 and move above 21475.02.
If it goes down from 20573.89, you should check to see if it finds support in the 18719.11-199695.87 zone.
- When the Stoch RSI indicator is out of the oversold zone, you need to check where support and resistance are found.
For that to happen, it's important to be able to get support at 20573.89.
To sustain the uptrend, the price needs to rise above 21838.98 to hold the price.
The next volatility period is around August 10th.
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(US 100 CFD (Nasdaq) 1D Futures Chart)
You need to make sure you can get support in the 12212.6-12932.3 section, which is an important support and resistance section.
If resistance is found at 12212.6, it is likely to move below 11728.0.
It needs to move above 12374.1 to sustain the uptrend.
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(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to an uptrend in altcoins.
However, this is when the BTC price rises or goes sideways.
It can be seen that BTC is not leading the market because the price of BTC is currently falling or showing a sideways trend.
Under these market conditions, the decline in BTC dominance is likely to cause large volatility.
Considering the current position of the CCI-C indicator, I think that volatility is highly likely to occur when it falls to the 41.51-42.01 section.
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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 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.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1D Chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
The July 24-26 volatility led to a move outside the 21475.02-23733.48 zone.
Therefore, the key is whether it can find support near 20573.89 and move above 21475.02.
If it goes down from 20573.89, you should check to see if it finds support in the 18719.11-199695.87 zone.
- When the Stoch RSI indicator is out of the oversold zone, you need to check where support and resistance are found.
For that to happen, it's important to be able to get support at 20573.89.
To sustain the uptrend, the price needs to rise above 21838.98 to hold the price.
The next volatility period is around August 10th.
------------------------------------------
(US 100 CFD (Nasdaq) 1D Futures Chart)
You need to make sure you can get support in the 12212.6-12932.3 section, which is an important support and resistance section.
If resistance is found at 12212.6, it is likely to move below 11728.0.
It needs to move above 12374.1 to sustain the uptrend.
------------------------------------------------------------
(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to an uptrend in altcoins.
However, this is when the BTC price rises or goes sideways.
It can be seen that BTC is not leading the market because the price of BTC is currently falling or showing a sideways trend.
Under these market conditions, the decline in BTC dominance is likely to cause large volatility.
Considering the current position of the CCI-C indicator, I think that volatility is highly likely to occur when it falls to the 41.51-42.01 section.
------------------------------------------------------------ -------------------------------------------
** 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
Trading is about responding.- Must be able to read price trends well,
- You need to know how to buy at a lower price and sell at a higher price.
Knowing the above is not the only way to make a successful trade.
Many people mistakenly believe that a trade is failing because they do not know the trend or buy/sell point.
It's not like that.
A trade will fail because it does not respond to changes in price.
To be responsive, you need to have a rough trading strategy and start trading before you start trading.
- Set buy and sell sections in installments
- Set Stop Loss section
- Fund management plan, etc.
You should start trading with the above basics set in advance.
- After buying, you sell too early, so your profit is low???
- After buying, you lost too early, so you made a loss instead of a profit???
This is because I am not yet used to making a trading strategy.
However, if you continue to make planned transactions, you can flexibly modify the plan when you set up a plan and start trading, so the above cases are reduced.
Therefore, it is necessary to analyze the charts and make the necessary strategies for trading based on the analyzed data.
When creating a strategy necessary for trading with the contents of the analysis of the chart, support and resistance points should be established by objective criteria.
Even if you draw a line you really need, if it is a line drawn by subjective judgment, you will not believe the line and will not be able to use it for trading.
The reason why it is difficult to succeed in trading even after reading the analyzes of many analysts is because their own trading strategies are not made.
If you do not make it yourself, it is easy to fail to respond by making it unreliable due to the volatility of the price.
Even if your own trading strategy is ultimately wrong, if you believe in the trading strategy and respond consistently, you will eventually be able to create a good trading strategy.
After you start trading, what you need to think about is not calculating the yield, but trying to lower the average purchase price and thinking about ways to reduce losses.
Note
(BTCUSDTPERP 1h Chart)The RSI indicator and the Stoch RSI indicator are located in the overbought zone.
As such, there is a possibility that further gains may occur if the market remains within the overbought zone.
However, if it breaks out of the overbought zone, it will go down.
At this time, the key is whether it is supported near 21224.0.
On the CCI-C indicator, the CCI line is rising above -100 points.
Also, it looks like it will soon cross the EMA line.
Therefore, there is a possibility of volatility, so careful trading is necessary.
Note
(BTCUSDTPERP 1M Chart)(1W chart)
(1D chart)
These are the lines that mark the points where the HA-High and HA-Low indicators were horizontal in the 1M chart and the 1W chart.
The HA-High and HA-Low indicators are indicators of the high probability of a bearish or bullish turn on the Heikin Ashi candlestick.
Thus, we are marking objective support and resistance points.
(BTCUSDTPERP 1D Chart)
These are the lines that mark the point where the HA-High and HA-Low indicators were level only in the 1D chart.
If the horizontal line is close, select the line with the longer horizontal line and draw the horizontal line.
A horizontal line drawn in this way is likely to form a point or zone of support and resistance.
Once you get used to this indicator, you will be able to find support and resistance points without having to draw a separate horizontal line.
All you have to do is think about what kind of trading strategy you would like to create at these support and resistance points, and then react according to the price movement.
(public indicator formula)
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