Bitcoin (BTC) - July 18
Updated
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(BTCUSDTPERP 1D Chart)
The key is whether you can move above 21481.1 and break out of the downtrend line.
A break from the downtrend line is expected to lead to further upside.
At this time, the key is whether it can rise above 22471.5.
If it falls below 18741.7, it may move towards the 15908.2 area, so trade cautiously.
If support is found in the 13121.7-15908.2 section and rises, it is possible that an uptrend for a reversal of the trend may begin.
(US 100 CFD (Nasdaq) 1D Futures Chart)
(tradingview.com/x/DjeCHpYJ/)
For a trend reversal, it needs to move higher than 12212.6.
However, you need to be careful as there may be wiggles to reverse the trend.
The 11728.0 point is the demarcation point between an uptrend and a downtrend in the long term.
Therefore, the key is whether it is supported above 11728.0.
(USDT.D 1W chart)
(tradingview.com/x/eCBCzA5t/)
A decline in USDT dominance is likely to lead to a rise in the coin market as a whole.
However, stable coins such as USDT and USDC are highly likely to show an upward trend in the coin market only when they show an upward trend because funds move through them.
Therefore, it is only natural that USDT dominance is showing an overall upward trend.
When funds flowed through stablecoins such as USDT and USDC start buying, the dominance begins to decline.
(A gap occurs when new funds flow into or out of the coin market.)
The key is whether it can break below the uptrend line and move below 5.92.
You should also check to see if it rises to around 13.75, which you previously touched with a strange sign.
We just hope that an ascent near 13.75 doesn't happen.
This is because a rise in USDT dominance is likely to lead to a downtrend in the coin market as a whole.
(BTC.D 1W Chart)
(tradingview.com/x/WbF0VfPY/)
A decline in BTC dominance is likely to lead to a rise in altcoins.
This makes the asking price of BTC thinner, making it more likely to be volatile.
Therefore, as the BTC price leads the rise, the coin market as a whole will show an uptrend only when the BTC dominance rises and then falls.
A rise in BTC dominance is likely to lead to a decline in altcoins.
Summarizing this,
- When BTC dominance is on a downward trend, trade mainly with altcoins,
- When BTC dominance is on an upward trend, it is recommended to trade mainly with BTC.
As the coin market as a whole is in a downtrend, it's a good idea to watch and not trade.
However, starting trading with some funds in the section considered to be the bottom section is likely to seize an opportunity, so I think it is worth a try.
As mentioned above, you need to shake up and down to reverse a trend.
Then, volatility will occur frequently.
You need to think about whether you want to take advantage of this volatility for short-term trading to generate cash returns or increase your holdings.
(BTCUSDTPERP 1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether you can break out of the downtrend line.
To do that, we also need to see if we can move above 21481.1.
In the CCI-C indicator, if the CCI line falls below the EMA line, it may lead to further declines, so you need to be cautious.
At this time, it is important to be supported near 20564.2.
If it gains support above 21481.1, the key is whether it can move above 22471.5.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 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.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The key is whether you can move above 21481.1 and break out of the downtrend line.
A break from the downtrend line is expected to lead to further upside.
At this time, the key is whether it can rise above 22471.5.
If it falls below 18741.7, it may move towards the 15908.2 area, so trade cautiously.
If support is found in the 13121.7-15908.2 section and rises, it is possible that an uptrend for a reversal of the trend may begin.
(US 100 CFD (Nasdaq) 1D Futures Chart)
(tradingview.com/x/DjeCHpYJ/)
For a trend reversal, it needs to move higher than 12212.6.
However, you need to be careful as there may be wiggles to reverse the trend.
The 11728.0 point is the demarcation point between an uptrend and a downtrend in the long term.
Therefore, the key is whether it is supported above 11728.0.
(USDT.D 1W chart)
(tradingview.com/x/eCBCzA5t/)
A decline in USDT dominance is likely to lead to a rise in the coin market as a whole.
However, stable coins such as USDT and USDC are highly likely to show an upward trend in the coin market only when they show an upward trend because funds move through them.
Therefore, it is only natural that USDT dominance is showing an overall upward trend.
When funds flowed through stablecoins such as USDT and USDC start buying, the dominance begins to decline.
(A gap occurs when new funds flow into or out of the coin market.)
The key is whether it can break below the uptrend line and move below 5.92.
You should also check to see if it rises to around 13.75, which you previously touched with a strange sign.
We just hope that an ascent near 13.75 doesn't happen.
This is because a rise in USDT dominance is likely to lead to a downtrend in the coin market as a whole.
(BTC.D 1W Chart)
(tradingview.com/x/WbF0VfPY/)
A decline in BTC dominance is likely to lead to a rise in altcoins.
This makes the asking price of BTC thinner, making it more likely to be volatile.
Therefore, as the BTC price leads the rise, the coin market as a whole will show an uptrend only when the BTC dominance rises and then falls.
A rise in BTC dominance is likely to lead to a decline in altcoins.
Summarizing this,
- When BTC dominance is on a downward trend, trade mainly with altcoins,
- When BTC dominance is on an upward trend, it is recommended to trade mainly with BTC.
As the coin market as a whole is in a downtrend, it's a good idea to watch and not trade.
However, starting trading with some funds in the section considered to be the bottom section is likely to seize an opportunity, so I think it is worth a try.
As mentioned above, you need to shake up and down to reverse a trend.
Then, volatility will occur frequently.
You need to think about whether you want to take advantage of this volatility for short-term trading to generate cash returns or increase your holdings.
(BTCUSDTPERP 1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether you can break out of the downtrend line.
To do that, we also need to see if we can move above 21481.1.
In the CCI-C indicator, if the CCI line falls below the EMA line, it may lead to further declines, so you need to be cautious.
At this time, it is important to be supported near 20564.2.
If it gains support above 21481.1, the key is whether it can move above 22471.5.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 through split trading. It is a short-term investment perspective.)
---------------------------------
Note
** It is time to pay attention to the coins that lead the coin ecosystem. **Sometimes "Which coin (token) will rise more in the future?" There are people who ask.
Only BTC can easily answer this question.
This is because even if the coin market disappears, the only coin that will survive is BTC.
Currently, the coin market is growing.
For that reason, there are not many coins (tokens) that are considered to be growing properly.
As themes were created in the coin market, the ecosystem of coins (tokens) began to develop.
Following the previously created DeFi and NFT themes, themes related to actual business will appear.
The traditional stock market has many themes.
Investing is getting easier as the theme evolves, but barriers to entry are rising.
This is because it is not easy to categorize many stocks into themes and identify leading stocks accordingly.
However, themes are grouped by institutional investors who create investment products and whales with large capitals, encouraging individual investors to invest in their portfolios.
There is a huge amount of information coming out about this.
It is difficult to determine the direction of investment by collecting all kinds of information.
In addition, combined with subjective thinking, it is highly likely that the investment will proceed in the wrong direction.
To avoid these errors, it is recommended to check the movement of the chart first.
This is because price movements move faster than any information around the market.
Currently, the stock market and the coin market are looking different, and there are many people who think that they are different.
However, in the end, the stock market and the coin market will be connected and will develop with each other.
Now is the time to pay attention to the ecosystem of the coin market that is just developing.
Coins leading the ecosystem of the coin market are attracting various coins and tokens as they expand their ecosystems.
This developed coin ecosystem is being interconnected with smart contracts, forming a new investment market and will continue to develop.
The coin market is expected to develop significantly, centering on the main coins of the leading expanding coin ecosystem.
(tradingview.com/x/zkFKsyGO/)
Note
(BTCUSDT 1W Chart)For a trend reversal to an uptrend, it must rise above 29812.52.
Until then, it is likely to be a rebound from a downtrend.
Therefore, it is recommended to trade from a short-term perspective as much as possible.
If you touch the section 27033.35-29812.52 and fall, Stop Loss is required.
(1D chart)
We need to see support above 21475.02 and see if we can move above 22487.41.
If it deviates from the downtrend line, further upside is expected.
The next volatility period is around July 27-28.
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